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Some of the 200-plus ballot measures decided in the 2002 General Election held Tuesday were dedicated to promoting tech-based economic development (TBED). The results were generally mixed, however. Promoters of Michigan's Life Sciences Corridor were pleased with the failure of an initiative that would have dictated the allocation of the state's tobacco settlement funds, including a smaller amount than the state is currently spending on life sciences research.

Biotechnology has enormous potential for North Carolina's future, but the state's economic development strategy must be broader than any single industry and must include growth-from-within strategies, concludes a report published by the Institute for Emerging Issues at North Carolina State University.

An increase in a city's share of college educated workers results in an increase in manufacturing output in that city, according to a report released by the National Bureau of Economic Research.

An important aspect of all indices, regardless of their geographic orientation, is that each is created with a different purpose or goal in mind. As a result, each index has an inherent or implicit bias toward the data collected, the manner in which the data is manipulated and presented, and the conclusions drawn or policy recommendations made.

Seven indices introduced below are followed by a sample of the similarities and differences that exist among them.

Even when indices are trying to measure the same activity or characteristic this may be done utilizing different measures and some indices may include indicators not used in others. A matrix presenting the common indicators among the national indices is available here. Examples of these differences and similarities follow: (Please note that not all indicators for all indices are mentioned.)

Led by Massachusetts, which released its first innovation index in 1997, states have been creating indices in an attempt to track changes and transformations in their own economies. Many of these indices look at some of the same characteristics such as investment capital, industrial productivity, technology workforce development, business development and many others.

Indices also are created at the regional and local level as well. Once again, while there is some crossover in measures, there are also significant differences that reveal some regional variation and shifts in priorities. This section highlights: regional indices for Washington D.C.

Some characteristics that STTI has found to represent a good index would contain some, if not all, of the following:

More than $11 million in two New York State Assembly grants will support several new incubators for Brooklyn and Queens. The investments were recently announced by Assembly Speaker Sheldon Silver and Assembly members representing the two boroughs.

Innovation Philadelphia, the public-private partnership dedicated to enhancing the global innovation economy of Philadelphia, has unveiled the first Innovation and Entrepreneurial Index, a comprehensive study examining where Philadelphia stands in relation to key competitors in the Innovation Economy.

With more than 700 facilities around the country, federal laboratories and research centers can provide many resources for communities to tap as they strive to develop tech-based economies: technologies available for transfer and commercialization; facilities and technical staff available to partner with companies and universities for research; and, connections to funding and procurement opportunities.

The National Consortium of Entrepreneurship Centers (NCEC) presented on Tuesday the 2002 NASDAQ Entrepreneurial Excellence Awards to entrepreneurship centers at Babson College, Indiana University-Bloomington, and Saint Louis University.

With more than 1,000 links to socio-economic data sources, EconData.Net provides a convenient and valuable starting point for gathering information to understand regional economies. Funded by the Economic Development Administration, EconData.Net is a 100 percent free website offering easy access to state and sub-state socio-economic data for practitioners, researchers, students and data users in general.

Earlier this week, Governor Don Sundquist and the Tennessee Technology Development Corp. (TTDC) released the New Economy Strategy, a broad plan to improve the state's economic viability through science and technology. The strategy encompasses many new initiatives to complement TTDC's existing portfolio of tech-based economic development efforts.

The San Diego Work Force Partnership recently released four strategic plans as a blueprint to prepare San Diego's workforce to compete in the changing global economy. Initiated as part of a broader Regional Workforce Development Strategic Planning Initiative, the plans reflect the concerns of area businesses for developing and maintaining skilled workers.

The Maryland Technology Development Corp. (TEDCO) and the Department of Business and Economic Development (DBED) recently presented the first part of a two-phase study by the Johns Hopkins Institute for Policy Studies entitled The Genealogy of Maryland Entrepreneurs.

Leaders of Central Indiana's top research, academic and economic development organizations announced on Wednesday an effort to develop the region as a world-class center for the life sciences industry.

The Missile Defense Agency (MDA), formerly known as the Ballistic Missile Defense Organization, may have cut the amount of research funding it is required to award small tech companies, but the Department of Defense still must meet its full 2.5 percent set-aside obligations, points out Senators John Kerry of Massachusetts and Christopher "Kit" Bond of Missouri in a strongly worded, bipartisan letter to Defense Secretary Donald Rumsfeld.

With the goal of supporting partnerships that unite the efforts of local school districts with science, mathematics, engineering and education faculties of colleges and universities, the National Science Foundation (NSF) has released the first request for proposals (RFP) for the $160 million Math & Science Partnerships (MSP) initiative. Involvement of additional stakeholders, especially states, is highly encouraged, according to the RFP.

The first-ever Mississippi Innovation Index was released Wednesday by the Mississippi Technology Alliance.



Targeting technology-based economic development in Mississippi, the Index groups baseline data into eight categories and establishes a data collection process for 24 science- and technology-related indicators. Initial analyses suggest:

Kansas, Inc., a nonpartisan public-private organization, recently released the findings and recommendations of its team of economic development consultants and more than 1,100 Kansans as a comprehensive update to Kansas' economic development strategic plan.

Rick Kovar, executive director of the Rhode Island Technology Council for the past two years, resigned from his position. The 242-member Council is beginning the search for a new director.

To give environmental technology entrepreneurs the chance to have their business plans analyzed by experts and win money for it, the National Environmental Technology (NET) Incubator in Wilberforce, Ohio, is hosting the first annual National Business Plan Competition.

With more than 110 great titles to aid the policy, practice and study of tech-based economic development, the SSTI Publication Catalog, Resources for Building Tech-based Economies officially is online.