As the U.S. Congress is ironing out the details of the stimulus package, the final share of science and technology investments within the bill is not known at this time. However outside of the U.S., other countries have recently announced their own proposals to improve the research and innovation infrastructure of their countries.
Gov. Jim Doyle unveiled today an economic stimulus plan for Wisconsin that includes a proposal to enhance tax credits for angel and venture investors in support of start-up technology companies. A coalition assembled to improve Wisconsin's existing investor tax credits law applauded the governor's announcement to refine the four-year-old program.
Adding to a growing number of governors proposing to consolidate state economic development agencies, Gov. Jodi Rell last week announced in her budget request her intention to overhaul Connecticut's job creation infrastructure by merging several state agencies into the Department of Economic and Community Development (DECD).
According to the most recent release of gross domestic product (GDP) by metro area, 23 of the nation's 363 metro areas experienced a decrease in inflation-adjusted GDP from 2002 to 2006. Benchmarking against the aggregate U.S. metro GDP growth rate over those five years - which increased 12.8 percent - 167 of the nation's metros grew at a faster rate.
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Department of Energy
ARRA includes $39 billion in stimulus funding for the Department of Energy (DoE) as part of the package's support for upgrading the country's infrastructure and power grid. DoE allocations include funding for the department's science office, research grants, and energy efficiency programs.
ARRA will provide $7.2 billion to upgrade the country's broadband infrastructure through the Department of Agriculture (USDA), the National Telecommunications and Information Administration (NTIA) and the Federal Communications Commission (FCC).
The major federal R&D funding agencies all received significant funding through ARRA, including:
Department of Health and Human Services
A total of $10 billion will be provided to the National Institutes of Health (NIH), which will be distributed among the following entities:
Department of Treasury
Department of Labor
ARRA contains a number of provisions to provide fiscal relief to the states at a time of record deficits. Most attention has focused on the $53.6 billion provided through the State Fiscal Stabilization Fund, but the act also contains other provisions to assist the states.
Department of Labor
Department of Energy
ARRA includes $39 billion in stimulus funding for the Department of Energy (DoE) as part of the package's support for upgrading the country's infrastructure and power grid. DoE allocations include funding for the department's science office, research grants, and energy efficiency programs.
The American Recovery and Reinvestment Act (ARRA) signed by President Obama last week boosts the spending demands for several federal departments and agencies by a significant amount. For example, the National Institutes of Health (NIH) will be receiving $10.4 billion to spend on research activities, scientific instrumentation, and facility improvements. This compares to a FY2008 budget of almost $30 billion for NIH.
Gov. Jim Doyle unveiled last week several proposals to boost university-based research and commercialization efforts in emerging fields and encourage private industry R&D and job growth through the creation of several new tax credits.
Gov. Jennifer Granholm's FY10 budget includes increased funding to support programs aimed at job creation in emerging fields and maintains level funding for year three of an initiative to train displaced workers for in-demand careers.
The sixth installment of the Tech Talkin' Govs series includes highlights from state of the state addresses from governors in Tennessee and West Virginia.
Tennessee
Gov. Phil Bredesen, State of the State Address, Feb. 9, 2009
On Feb. 23, the Honorable Gary Goodyear, Canada's Minister for State (Science & Technology), announced the Government of Canada was distributing $120.4 million (all figures are Canadian dollars unless otherwise indicated) to 37 universities to support 134 new and renewed Canadian Research Chairs. The awards, the first for 2009 in the program started in 2000, include $6.6 million from the Canada Foundation for Innovation for research infrastructure to facilitate the work of 42 of the chairholders.
Kentucky Highlands Investment Corporation has named Jim Carroll as director of its Center for Entrepreneurial Growth.
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