The steady decline of venture capital abated in the fourth quarter of 2002 with total investments of $4.2 billion, essentially flat from the prior quarter of $4.5 billion, according to the PricewaterhouseCoopers/Venture Economics/National Venture Capital Association MoneyTree Survey. A total of 692 companies received funding in the fourth quarter compared to 671 companies in the third quarter.
W. Glenn Cornell has been named commissioner of the Georgia Department of Industry, Trade and Tourism.
Illinois Governor Rod Blagojevich has appointed Julie Curry as deputy chief of staff for economic development and labor.
Andrew Kim is the new policy director for Tennessee Governor Phil Bredesen.
W. Glenn Cornell has been named commissioner of the Georgia Department of Industry, Trade and Tourism.
Illinois Governor Rod Blagojevich has appointed Julie Curry as deputy chief of staff for economic development and labor.
Andrew Kim is the new policy director for Tennessee Governor Phil Bredesen.
Dr. Donald Smith has been named interim chief executive officer of the Pittsburgh Life Sciences Greenhouse.
Whether you use Outlook, Palm, Day-Timer, Filofax, or Post-Its to keep track of the items on your "To Do" list, make sure these two items on your lists to be wrapped up by next Tuesday, Sept. 20:
While biotechnology focused on medical applications garners most of the attention, agricultural biotechnology is a high priority for a number of states. But ag biotech has generated significant concerns in some regions because of its emphasis on genetically modified organisms (GMOs).
Over the past few years, annual surveys from the National League of Cities (NLC) have reported grim findings on the fiscal status of cities across the nation with little hope for turnaround in the near future.
The average budgets for local and regional economic development organizations fell nearly 3 percent between 2004 and 2005, according to the second annual survey by ACCRA.
University R&D is considered a fundamental element of innovation and technological competitiveness. If R&D spending equates to more R&D, then the 10 percent increase between 2002 and 2003 as reported by the nation's academic community to the National Science Foundation (NSF) would be a rosy sign for America's future.
Over the period 1998-2003, Oregon saw the largest percent change in its academic R&D expenditures funded by industry sources, according to the National Science Foundation's latest survey (see the above story).
New and re-elected Governors gave inaugural addresses in Alabama, Oklahoma, Pennsylvania, South Dakota, Tennessee and Texas during the past 10 days. Additionally, State of the State addresses were made in Hawaii, Montana, Nevada, New Mexico, Ohio, South Carolina, South Dakota and Utah. Building tech-based economies remains a high priority for many Governors, as evidenced in the following:
Nevada
Many states and communities are focusing their limited technology-based economic development funds toward cluster development, concentrating on those sectors in which some assemblage already exists within the jurisdiction. Proponents of the approach suggest the public sector is able to maximize its investments in those areas already showing some strength.
Whether the reason is to spur more innovation among students, fight the brain drain of graduates or simply help to build tech-based economies, many states, communities and universities are targeting a portion of their efforts toward encouraging tech-based entrepreneurship among their young residents and college students.
More rigorous evaluations of local economic development programs and policies are feasible argues a recently released working paper by Timothy Bartik, a senior economist at The W.E. Upjohn Institute for Employment Research. Evaluating the Impacts of Local Economic Development Policies On Local Economic Outcomes: What Has Been Done and What Is Doable? stresses the importance of evaluation in local economic development.
Midwest Angel Network Association Launched in Illinois
Central California's Regional Technology Alliance has changed its name to the Inland Empire techSOURCE.
Todd Bankofier has been appointed president of the Arizona Technology Council.
Alaska Governor Frank Murkowski has named Edgar Blatchford, a journalism professor at the University of Alaska, to serve as commissioner for the Department of Community and Economic Development.
Todd Bankofier has been appointed president of the Arizona Technology Council.
Alaska Governor Frank Murkowski has named Edgar Blatchford, a journalism professor at the University of Alaska, to serve as commissioner for the Department of Community and Economic Development.
John Harrison is Governor Bob Riley's pick to serve as director of the Alabama Department of Economic and Community Affairs. Harrison was the Mayor of Luverne, Alabama for the past 14 years.
Ellen Hemmerly has been named president of the nonprofit Association of University Research Parks.
David Iannucci is the new head of the Baltimore County Department of Economic Development.
Arizona Governor Janet Napolitano named Gilbert Jimenez to lead the Department of Commerce and has asked Gail Howard to serve as her policy advisor on economic development. Jimenez was Bank One International's Senior Vice President and Regional Manager for Mexico/Latin America. Howard comes to the administration from Arizona State University, where she has served since 1990 as the University's Director of Economic Development and Constituent Outreach.