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For many states facing a challenging budget year, level funding for science and technology is welcome news to the tech-based economic development (TBED) community. With the passage of the American Recovery and Reinvestment Act earlier this year, governors are seeking solutions to stimulate their respective states' economies through new and expanded programs within specific priority areas.

Last week, the U.S. Department of Treasury released the details of its plan to award $100 million in grants to community-based financial institutions. These funds, along with an additional $3 billion in tax credit authority, were allocated to Treasury programs by the American Recovery and Reinvestment Act (ARRA) last month.

Utah's 2009 legislative session ended earlier this month with a significant boost in funding to the Utah Science Technology and Research Initiative (USTAR) for recruiting science and technology researchers at the University of Utah and Utah State University.

TechConnect West Virginia (TechConnectWV) released a new plan on Monday to build a larger and more robust technology economy. The report, West Virginia Blueprint for Technology-Based Economic Development, proposes a four-part, general strategy for TBED and targets several key industries for development.

The National Science Foundation has made available the FY 2007 version of its Academic Research and Development Expenditures statistical tables. The release contains detailed information on research expenditures at individual academic institutions.

According to the National Science Foundation, the number of science and engineering PhDs awarded in the U.S. has been increasing every year since 2002. To further examine trends of the PhDs awarded in each state, SSTI has prepared a table showing the number of S&E PhDs per 100,000 residents and each state's relative rank from 2002 to 2006, as well as the percent change in PhDs awarded per capita over these five years and the rank of that change.

The field of nanotechnology is progressing in terms of size and maturity. The federal investment, alone, as proposed by the Administration in the 2008 Budget under the National Nanotechnology Initiative, was $1.45 billion. As public and private sector investments are pumped into this field, distinct concentrations of nanotech activity are being created in regions across the country.

This week, Congress passed H.R. 1541, a continuing resolution that extends the SBIR program in its current state until July 31, 2009. The extension provides another four-month window for the two chambers to develop a compromise toward full reauthorization. 

Many agencies may see Congress passing their annual appropriations bill six months into the fiscal year as worth the wait, given the increases most science, technology and economic development supporting programs experienced. While some budget bump ups are modest, accommodating little more than inflation and Congressional earmarks, others should result in more grants flowing to researchers, universities, small businsses, and TBED organizations.

The enacted budget funds the Department of Agriculture (USDA) at $106 billion for FY09, with increases over FY08 funding for several programs related to TBED. Most of the USDA appropriation, $86.6 billion, is reserved for mandatory spending programs such as food and nutrition assistance and farm commodity programs.

The FY09 enacted budget provides $9.3 billion for the Department of Commerce, up $1.6 billion over FY08. Much of this additional funding will support the 2010 U.S. Census and not TBED-related and research activities.

The FY09 enacted budget provides $9.3 billion for the Department of Commerce, up $1.6 billion over FY08. Much of this additional funding will support the 2010 U.S. Census and not TBED-related and research activities.