Information technology (IT) permeates almost all aspects of the economy and is what really drives economic growth, according to a report released this month by the Information Technology and Innovation Foundation (ITIF). The report’s authors, Robert Atkinson and Andrew McKay, believe the diffusion of information technology increases worker productivity 3-5 times more than non-IT capital.
The federal government distributed $23.8 billion in R&D obligations to universities and colleges in fiscal year 2004 — a 4.4 percent increase from the FY 2003 total of $22.8 billion, according to new National Science Foundation (NSF) data. In its report, Federal Science and Engineering Support to Universities, Colleges, and Nonprofit Institutions: Fiscal Year 2004, NSF details all categories of direct federal science and engineering support to institutions of higher education in the U.S.
This past fall, Vermont released what may be the nation's first statewide effort to lay out an economic development strategy based on the creative economy theories advanced most prominently by George Mason professor Richard Florida.
NBIA Releases Revised Business Incubation Guide
Virginia Bauer, former New Jersey commerce secretary, was sworn in as CEO and secretary of the New Jersey Commerce & Economic Growth Commission.
Virginia Bauer, former New Jersey commerce secretary, was sworn in as CEO and secretary of the New Jersey Commerce & Economic Growth Commission.
The Greater Phoenix Economic Council announced Barry Broome will become the new president & CEO beginning in February.
Michael DeAloia has been named tech czar for the City of Cleveland.
Marlo Jenkins will be the new managing director of TechTown, Wayne State University's research and technology park.
The Board of Directors of BioCrossroads, Indiana's life sciences initiative, announced David Johnson would succeed Charles Schalliol as CEO.
Real estate developer Robert Klein II was selected as chairman of California's stem cell oversight committee.
John Merrill will serve as executive director for the Greensboro Center for Innovative Development, a joint millennium campus and research park between University of North Carolina Greensboro and North Carolina Agricultural and Technical State University.
Eric Mittelstadt will become the new CEO of the National Council for Advanced Manufacturing. He replaces founder and current CEO, Leo Reddy.
Wisconsin commerce secretary Cory Nettles is resigning his position and will join his old law firm as a partner.
For all intents and purposes, the SSTI offices will be closed from Dec. 24 - Jan. 3 (although some of us retain the right to stop back into the office for respite when either the in-laws, urchins or eggnog get to be a little much). Next week, SSTI will be switching to a new webhost and, while we do not anticipate any problems, e-mail service may be temporarily interrupted or unavailable. We apologize for any inconvenience this may cause.
Evan Barrett was named chief business officer of The Governor's Office of Economic Opportunity in Montana.
Evan Barrett was named chief business officer of The Governor's Office of Economic Opportunity in Montana.
Betsy Biemann will be the new director of the Maine Technology Institute, pending legislative confirmation in January. Biemann currently serves as an associate director at The Rockefeller Foundation.
Brian Fitzgerald will be executive director of the Business-Higher Education Forum, a nonprofit organization that separated earlier this year from the American Council on Education, beginning in January.
Kelly Lewis, a state legislator in Pennyslvania, will be the new president and CEO of the Technology Council of Central Pennsylvania, beginning Jan. 1.
C. Peter Magrath, president of the National Association of State Universities and Land-Grant Colleges, announced he will resign from his position in late 2005.
Indiana Gov.-elect Mitch Daniels recently named Michael "Mickey" Maurer as president of the Indiana Economic Development Corp.
Coming a little late in the year to be included among our Tech Talkin’ Govs series (see Digest issues for Jan. 8, 15 and 29 and Feb. 19), Ohio Gov. Ted Strickland delivered his first State of the State Address on Mar. 14. Below are excerpts from his address calling for a $1 billion investment in alternative and renewable energy technologies over four years.
More than 51,000 early-stage ventures took in $25.6 billion of angel investment in 2006, according to the 2006 Angel Market Analysis released Mar. 19 by the Center for Venture Research at the University of New Hampshire. The dollar figure reflects a 10.8 percent increase from the 2005 findings. The number of deals made in 2006 only rose 3 percent over the previous year. As a result, average deal size grew 7.5 percent.
South Dakota recently announced it is reorganizing its programs to support entrepreneurs and high-tech start-ups. Instead of offering assistance to new firms through small, targeted programs, the state will reallocate the funding for these smaller programs into a larger fund with fewer restrictions on how that money can be spent. The change will allow the state greater leeway to assist expanding businesses, many of which were not eligible for the existing support programs.