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Many Wall Street analysts reacted to last month's jobs numbers with fears of inflation, but a new report released by the U.S. Conference of Mayors Jan. 27 finds those new jobs often are associated with smaller paychecks than those before the last recession. A declining standard of living is not a goal for any state or local economic development program, so the findings present new challenges on how to create higher wage jobs in the future.

With state revenues posting a surplus, Florida Gov. Jeb Bush used his 2006-07 budget proposal to make his largest request yet to support efforts to diversify the state's economy through technology-based economic development (TBED). In total, the budget provides $630 million for several new research-focused initiatives, business recruitment funds, and other economic development programs.

Pennsylvania Gov. Ed Rendell is set to release his fiscal year 2006-07 budget request later this week, which is expected to significantly redesign the state's investment in biotechnology and life science research, according to materials released by the governor's office.

Not all of the pieces critical to building an innovation-based economy have to cost hundreds of millions of dollars, as might be suggested in the Florida and Pennsylvania stories above. Gov. Matt Blunt's Feb. 2 call for the state to provide $2 million for a new Missouri Life Science Incubator - designed to help researchers move their science from the laboratory to commercial businesses - provides a case in point.

On Jan. 26, New York Gov. George Pataki and State Senate Majority Leader Joseph Bruno announced legislation to create a $200 million Biotechnology and Biomedicine Research Initiative through the New York State Charitable Assets Foundation.

The U.S. Department of Labor (DOL) recently announced the 13 recipients for one of the most anticipated new federal workforce programs to be launched in several years. The $195 million Workforce Innovation in Regional Economic Development (WIRED) program attempts to integrate human capital issues of talent and skill development into larger technology-based economic development strategies.

With the next fiscal year underway or looming, budget data recently released by the National Governors Association (NGA) and National Association of State Budget Officers (NASBO) indicate that states continue to struggle with declining revenues amidst an uncertain economy. The latest Fiscal Survey of the States shows most states are unable to protect their highest priority programs from budget reductions.

State Partnership with Texas Instrument Yields $3B Investment

From the outsider's perspective, it could be analogous to a world wrestling prize fight, except the punches and stakes are real. Two big, proud states wrestling for dominance in one lucrative industry — semiconductors.

Technology Network (TechNet), a national network of more than 200 CEOs and senior executives in the high technology and biotechnology industries, yesterday unveiled its ranking for how consistent state policies to encourage next-generation broadband deployment are with the network's policies. A TechNet report, The State Broadband Index, shows Michigan's programs and policies as the most favorable for the industry.

New blade technology that could make energy generation by wind turbines more efficient and virus-resistant tissues for skin grafts are just two novel technologies to be developed by the private sector with support from 16 Advanced Technology Program (ATP) awards made last week.

The recipients could be among the final new ATP awards made as the Bush Administration's FY 2004 budget request has recommended terminating the program.

New NBER study suggests different tact may be necessary to breed entrepreneurial growth

Today's issue of the Idaho SBIR Competition News, an electronic newsletter, includes a table presenting the FY 2002 award statistics by state for the Small Business Technology Transfer Program (STTR). The table includes state totals for the number of awards given and total dollar amount received for both Phase I and Phase II awards.

After 30 years as leader of the Greater Madison Chamber of Commerce, Robert Brennan is leaving to become a consultant to the new Office of Corporate Relations at the University of Wisconsin-Madison.

After 30 years as leader of the Greater Madison Chamber of Commerce, Robert Brennan is leaving to become a consultant to the new Office of Corporate Relations at the University of Wisconsin-Madison.

Maine Governor John Baldacci has nominated one of his senior policy advisors, Jack Cashman, to become Commissioner of the state Department of Economic and Community Development. Cashman formerly served as a Democratic state representative from Old Town.

Cameron Carter is serving as interim president and CEO of Indiana's TechPoint, following Donna Gastevich's resignation to spend more time with her family.

Mike Leavitt of the Idaho National Engineering and Environmental Laboratory has been appointed the Co-chair of the Federal Laboratories Consortium State and Local Government Committee.

Tom Shea with the Office of Economic Adjustment in the Department of Defense has announced his retirement, effective September 30, 2003.

U.S. Department of Commerce Assistant Secretary Nancy Victory has announced her resignation effective mid-August. Victory led the National Telecommunications and Information Administration, which manages the $15.4 million Technology Opportunities Program.

The first two installments of SSTI's annual look at how TBED will play in the 2006 legislative priorities of the governors can be found in the Digest archives on our website: http://www.ssti.org/Digest/digest.htm

Delaware

Innovation and national competitiveness increasingly are capturing the attention of Congress as the 2006 legislative agenda takes shape. The latest addition is a bipartisan package of three bills introduced to address 20 recommendations outlined in Rising Above the Gathering Storm: Energizing and Employing America for a Brighter Economic Future, a National Academies of Science report issued last October.

Total funding for research and development is expected to increase by approximately 2.9 percent to $329 billion in 2006, according to the joint Battelle-R&D Magazine annual forecast. The projected increase, from the estimated $320 billion spent in 2005, covers all R&D expenditures across industry, government and academia.

 

To survive economically in an innovation-based economy, Fresno needs to foster the creativity of its people and attract others into the population, says a recent report from the Fresno Creative Economy Council. While encouraging creativity to spur innovation and economic growth has captured the attention of cities and regions across the continent, how to accomplish that goal is less clear for many.

Southern Growth Policies Board has launched its 2006 online survey at http://www.southern.org/main/surveyintro.shtml to poll Southern citizens on their attitudes towards innovation and technology, and their role in the economic future of the region.

As the economy struggles, unemployment rates rise to a nine-year high, and manufacturing continues to shed jobs, the Modernization Forum reports the House Commerce, Justice, State and Judiciary (CJS) Appropriations Subcommittee appropriated just $39.6 million for the Manufacturing Extension Partnership (MEP). The FY 2004 funding would slash the program's funding from the FY2003 level of $106.6 million, a 63 percent cut.