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Gov. Jim Doyle announced two new initiatives focusing on investments in manufacturing R&D and increasing angel and venture capital investment to grow new businesses.

 

With rumors of recession building, several of the nation’s governors are announcing new TBED-focused initiatives in 2008 – many of which will be presented to lawmakers for funding in the coming months. In Illinois, Gov. Rod Blagojevich unveiled two new initiatives encouraging entrepreneurship to grow high-technology businesses throughout the state.

 

The average cost of bringing a Food and Drug Administration-approved drug to market could be cut by 25 percent to 48 percent by making targeted investments in the national biopharmaceutical R&D technology infrastructure, according to a recent report from the National Institutes of Standards and Technology. Economic Analysis of the Technological Infrastructure Needs of the U.S. Biopharmaceutical Industry cites current costs as averaging $560 million per drug, but could drop to between $289 million and $421 million.

The Kansas Technology Enterprise Corp. promoted Kevin Carr to the position of chief operations officer.

The Fuqua School of Business at Duke University announced that Jon Fjeld is the executive director of its recently unveiled Center for Entrepreneurship and Innovation.

The Kansas Technology Enterprise Corp. promoted Kevin Carr to the position of chief operations officer.

The Fuqua School of Business at Duke University announced that Jon Fjeld is the executive director of its recently unveiled Center for Entrepreneurship and Innovation.

The Dingman Center for Entrepreneurship at the University of Maryland, College Park named Dan Goodman as its first technology commercialization fellow.

The 82nd Annual Congress of Cities in Charlotte, N.C., elected Jim Hunt, a councilmember of Clarksburg, W.Va., as the new president of the National League of Cities. Hunt follows Washington, D.C., Mayor Anthony A. Williams.

The Association of University Technology Managers (AUTM) selected Vicki Loise as its first executive director.

Indiana Gov. Mitch Daniels named Mitch Maurer, president of the Indiana Economic Development Corporation (IEDC), as the new state secretary of commerce. Maurer replaces Pat Miller, who stepped down to resume her role as president and CEO of her company, Vera Bradley Designs, Inc.

BioMed SA, a recently founded technology council to promote the development of San Antonio’s health and bioscience community, selected Ann Stevens to serve as its first executive director.

After several months of debate regarding a number of economic development initiatives, Michigan Gov. Jennifer Granholm signed into law a major economic stimulus bill. However, unhappy with portions of a separate tax break package for businesses, the governor vetoed two of the 10 bills.

Robert Cresanti was nominated by President Bush to become the next undersecretary of Commerce for Technology.

Jim Denn was named deputy executive director of the New York State Office of Science, Technology and Academic Research (NYSTAR).

Robert Cresanti was nominated by President Bush to become the next undersecretary of Commerce for Technology.

Jim Denn was named deputy executive director of the New York State Office of Science, Technology and Academic Research (NYSTAR).

Peter Gold was appointed associate provost for economic initiatives at Rutgers-Camden.

Eric Griego was appointed assistant secretary of economic development for the New Mexico Economic Development Department.

Hunt Lambert was selected as the new associate vice president for economic development in the Colorado State University system.

Jim Pennekamp will be the executive director of Southern Illinois University Edwardsville's research and business park, effective Dec. 1.

John Reardon will be new Charles County Economic Development Department chief in Maryland, effective in December.

Steven Weathers is the new president and CEO of the Regional Growth Partnership in Toledo, Ohio.

Facing a projected budget deficit of more than $600 million, Gov. Tim Kaine told lawmakers the state must invest more money in research and commercialization efforts to accelerate Virginia’s progress in key areas.