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With so much attention given to increasing private seed and venture capital activity as a means of growing tech-based economies, one might expect that encouraging and attracting community development venture capital (CDVC) – that is, equity investments and entrepreneurial assistance to meet both profit targets and community development goals – would be a common element of a state or local community’s portfolio of economic development tools.

San Jose, Austin, and San Francisco received top honors in the 3rd Annual Forbes-Milken Institute Best Places Ranking. San Jose and San Francisco raced to the top of the list from 29th and 42th place respectively in 1999. Completing the top ten metro areas in 2000 are: Boulder, CO; Dallas, TX; Santa Rosa, CA; Boise City, ID; San Diego, CA; Phoenix-Mesa, AZ; and Oakland, CA. The top metro area east of the Mississippi River, Raleigh-Durham-Chapel Hill, NC, came in 13th.

Colorado

With an overall positive review, the Office of the Inspector General within the National Science Foundation (NSF) has made several recommendations for improving the performance of NSF's Experimental Program to Stimulate Competitive Research (EPSCoR). EPSCoR plays an important and strategic role in many states’ efforts to build a stronger research enterprise and tech-based economy. In FY 2000, the NSF EPSCoR program distributed $51.7 million to 19 states and Puerto Rico.

Ever wonder how many SSTI Weekly Digest articles have covered tax credits? (Answer is 47) strategic plans? (35), biotechnology? (80), workforce issues?(92), indicators? (14), telecommunications? (77), math & science? (50), capital, both seed and venture? (150)



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Sixty-two organizations in 44 states and the District of Columbia will receive a total of $3.5 billion in tax credit allocations through the second competitive round of the New Markets Tax Credit (NMTC) Program, the Treasury Department recently announced. Several of the selected organizations have a national market perspective.

A new economic development council formed in South Carolina has been charged with two objectives: help reshape the state’s economy and raise its per-capita income. Members of the South Carolina Council on Competitiveness, a group of business, academia, government and economic development leaders, were announced earlier this month.

A new report from the Advanced Technology Program (ATP), A Toolkit for Evaluating Public R&D Investment, provides useful information to anyone interested in evaluating publicly-sponsored research and development (R&D) programs. While the report focuses on more than 40 evaluations that have been performed for ATP, it offers one of the most comprehensive and understandable overviews of evaluation methods and applying those approaches.

Community colleges can play an important part in shaping the workforce in the science and technology (S&T) sector. For example, with the growth in biotech, there is an increasing need for technicians in the biotech field and workers are finding that they can prepare for these jobs rather quickly in community colleges. Technicians in biotech manufacturing facilities generally have two-year specialized training or an associate degree from a technical or community college, according to the U.S.

The Department of Defense (DoD) distributed $152.9 million in awards under its fiscal year 2003 Phase I Small Business Innovation Research (SBIR) Program competitions. A total of 1,882 awards were selected from a pool of more than 15,000 proposals across all states and the District of Columbia.

With an eye toward helping to make Kansas City a leading center for biomedical research, James Stower Jr., founder of American Century mutual funds, and his wife are donating $1.114 billion to the Stowers Institute of Medical Research. The donation is considered one of the five largest philanthropic gifts in history.

Calling for the program to more than triple in size by 2007, Senator John F Kerry (D-Massachusetts) and several other Senators introduced legislation last week to reauthorize and expand the Small Business Technology Transfer Program (STTR).

In today's edition of the Federal Register, the Small Business Administration (SBA) has issued the draft revised policy directive for the Small Business Innovation Research (SBIR) Program. The public is invited to comment on the proposed directive, which provides guidance to the ten federal agencies participating in the program. SBIR annually awards more than $1 billion to small businesses across the country for research and development.

PricewaterhouseCoopers has published the detailed statistics for the Moneytree™ survey of venture capital (VC) activity for the first quarter of 2001. As promised in the May 4, 2001 issue of the SSTI Weekly Digest when the summary results were announced, SSTI has prepared the accompanying table presenting the distribution of VC by state.

The following is a sampling of the more than 60 events included in the SSTI Calendar of Events webpage: http://www.ssti.org/calendar.htm

President Bush intends to nominate P.H. Johnson to be Federal Co-chairperson of the Delta Regional Authority. He currently practices law with the firm of Johnson Bobo in Clarksdale, Mississippi.

President Bush intends to nominate P.H. Johnson to be Federal Co-chairperson of the Delta Regional Authority. He currently practices law with the firm of Johnson Bobo in Clarksdale, Mississippi.