State and local strategies to assist start-up business formation often focus on three elements to help nascent firms: securing much-needed funding or capital (either private or public), lowering the overall cost of doing business, or gaining the skill set or access to intellectual resources to succeed.
Gaining a sense of how industries are likely to grow or contract over the next decade can be a vital tool for determining the priorities for tech-based economic development practitioners, public and private investing programs, and workforce developers. These figures are particularly relevant for geographic areas looking at cluster development strategies or targeted research/investment programs.
Tthe five winners of the 2001 Malcolm Baldrige National Quality Award, the nation's premier award for performance excellence and quality achievement, include, for the first time, three winners in the education category:
The number of women who own the nation's privately-held businesses, presently at 28 percent of such businesses, is growing at twice the rate of all firms, according to a new report from Center for Women’s Business Research.
To create new research centers in FY 2003, the National Science Foundation (NSF) is offering approximately $26 million through its Engineering Research Centers (ERC) Program.
At least two awards totaling up to $13 million each will be made. The awards, subject to 10 percent cost sharing, will be distributed as follows: $2.5 million (year 1), $3 million (year 2), $3.5 million (year 3), and $4 million (years 4 and 5).
Building Entrepreneurial Networks, a major report on how and why networks of entrepreneurs nurture economic growth in communities across the country, was released Wednesday by the National Commission on Entrepreneurship (NCOE).
To illustrate the importance of entrepreneurial networks, NCOE’s seventh report profiles five organizations in Idaho, North Carolina, Oklahoma, Pennsylvania and Texas that have succeeded in developing unique entrepreneurial networks.
In an effort to help combat the present economic downturn, the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation is looking to partner with groups across the U.S. to provide training to displaced workers interested in starting new businesses.
University of Buffalo Entrepreneurial Awards
An in-depth look at the one-year success of a student company to win last year's first Panasci Entrepreneurial Awards at the University of Buffalo recently was highlighted in the Buffalo News.
A National Science Foundation (NSF) program to foster significant public/private partnerships and help better position local communities to accommodate new and enhanced research and development is continuing into a second year, NSF announced last month.
A recent report released by the National Center for Education Statistics (NCES), The Nation’s Report Card: Science 2000, shows the average scores of fourth- and eighth-graders were essentially unchanged from 1996, and the scores for 12th-graders declined by three points, a significant change.
One of the key findings in the 2000 National Assessment of Educational Progress science assessment was the correlation between student performance and the use of computer technology in the classroom. For eighth-graders, the use of computer simulation and modeling corresponded with higher assessment scores.
Using the statistics provided in the 2000 National Assessment of Educational Progress science assessment, SSTI has prepared a table ranking states based on the percent of 8th grade students scoring at or above proficiency in 2000. Ties were broken by the states' average scores for the year.
2002 college graduates, particularly those with masters and doctoral degrees, can expect a tougher time finding employment after graduation next spring, according to the 31st annual Recruiting Trends survey conducted by the Collegiate Employment Research Institute at Michigan State University.
More than 45 days into the new fiscal year, several budget bills have finally moved out of Congress. Representatives from nearly all of the programs highlighted below will be participating in SSTI's fifth annual conference, discussing their priorities, plans and funding cycles for FY 2002. An entire track of breakout sessions has been dedicated toward federal funding opportunities for tech-based economic development programs and their clients.
The Maryland Technology Development Corp. (TEDCO), RESI (a regional economic studies institute at Towson University), and the Maryland Business Incubation Association (MBIA) presented on Thursday the results of the Maryland Incubator Impact Study — a first-of-its-kind study for the state by measuring the economic impact of Maryland's six public- and university-related high-tech business incubators on the state's economy.
Innovation indices or S&T report cards can be useful tools for assessing the health and direction of a region or state's economy. The results can be helpful for determining appropriate policies and programs to affect change and measuring progress. Evolving over the past five years, many states, localities and national organizations have prepared indices.
The President has nominated Sean O'Keefe to be Administrator of the National Aeronautics and Space Administration. O'Keefe replaces Daniel Goldin, who resigned last month.
Fresno, California
PricewaterhouseCoopers has released the detailed data for the third quarter results of its Moneytree™ survey. The survey found a total of $6.5 billion was invested in 601 financing rounds — a 23 percent decline in dollars and a 16 percent decline in rounds compared to last quarter. SSTI has prepared a table presenting the state-by-state results.
Democrats took the year’s only two races for governor, electing Jim McGreevey in New Jersey and Mark Warner in Virginia.
Voters in Maine passed a bond issue authorizing the state to borrow $5 million for biomedical and marine research and development by Maine-based nonprofit and state research institutions.
States that support a vibrant technology sector are attentive to the quality of their economic development efforts and continue toattract venture capital will outperform those that do not, according to the 2001 Development Report Card for the States.
A group of community leaders bent on revitalizing the Duluth, Minn., economy and ensuring economic opportunities for the city recently moved one step closer toward accomplishing its goals.
The Bridge Syndicate, a non-profit with more than 300 members, recently made public its plan for economic growth, issuing A Positive Vision for Duluth's Economy.
The Wisconsin Legislature presently faces two bills which could greatly boost venture capital funds in the state.