Gov. Jim Doyle last week unveiled his plan to jumpstart the Wisconsin economy. The plan, "Grow Wisconsin," calls for a series of executive actions, private sector partnerships and legislative steps to create high-wage jobs and achieve other goals. Some of the tech-based economic development items outlined in "Grow Wisconsin" are:
Gov. Mitt Romney outlined a legislative package on Monday totaling $125 million designed to create more jobs. Many elements of the package target the science and technology communities.
Investments in science and technology (S&T) – from higher education to industry research and development (R&D) – are the decisive factors in creating a sustainable economic future, a new study finds.
The first three installments of SSTI's four-part look at how TBED will play in the 2006 legislative priorities of the governors can be found in the Digest archives at: http://www.ssti.org/Digest/digest.htm
Oklahoma
Contrary to popular belief, intellectual capital and university collaboration - not just lower costs - primarily attract companies to locate R&D activities in locations away from their home country, according to a new study sponsored by the Ewing Marion Kauffman Foundation.
Hard evidence of the increasing global research competence discussed in the Thursby's paper above was provided last week when the Singapore Ministry of Trade & Industry (MTI) announced plans last week to commit $7.5 billion ($4.6 billion US) over the next five years to sustain innovation-driven growth through economic-oriented R&D. All figures below are in U.S. dollars.
Stem cell research, an expanded tax zone redevelopment initiative and faculty/researcher recruitment are all beneficiaries in the fiscal year 2007 budget proposal submitted by Illinois Gov. Rod Blagojevich last week. In addition, while overall funding for the state Department of Commerce and Economic Opportunity (DCEO) is down 16 percent from the FY 2006 appropriation, the governor's request includes several new programs to assist technology entrepreneurship.
Connecticut Gov. M. Jodi Rell is using the midterm budget request as the vehicle to substantially overhaul how the state supports the entire economic development process. Connecticut Innovations, one of the nation's oldest state-created equity finance programs for tech businesses, would be consolidated with departments that cover focus areas ranging from health education and housing to traditional economic development financing.
Improving higher education is a top priority in almost every state, but fewer than half of states have set specific, measurable goals to track their progress in enrolling, retaining and graduating students, according to a new report from Jobs for the Future (JFF), By the Numbers: State Goals for Increasing Postsecondary Attainment.
Despite a decrease of $44.6 million in National Institutes of Health (NIH) funding from fiscal year 2003, Boston held the top spot in total NIH funding for FY 2004, maintaining its lead over New York. The two cities had $1.57 billion and $1.25 billion, respectively.
Approximately $350 million in grants recently awarded by one of the nation's leading biodefense research agencies are intended to lessen the effects of any future bioterror attack. Administered by the National Institute of Allergy and Infectious Diseases (NIAID), the funding will be spread over five years for establishing eight Regional Centers of Excellence for Biodefense and Emerging Infectious Diseases Research (RCEs).
Specialization may be the key to successful economic development strategies based on the life sciences, suggests the September issue of the fedgazette, published by the Federal Reserve Bank of Minneapolis. This month's entire e-zine focuses on two issues of importance to many state and local tech-based economic development professionals — biotechnology and clusters.
The availability and use of equity capital for early-stage investments varies greatly across the country. Seen as an integral component of most tech-based economic development, access to venture capital (VC) is on the agendas of several states — but several different approaches are used to address the problem. Recent announcements in four states illustrate the point:
A new study examining the post-Sept. 11 economy of New York argues the city's traditional approach to economic development, one which has banked on a few favored sectors such as financial and business services, is outdated and should be reconceived.
Nineteen projects figure to share in the $23 million awarded last week by the U.S. Department of Agriculture (USDA) and the Department of Energy (DOE) for biomass research, development and demonstration activities.
Two new grants, each greater than $1 million, have been awarded by the National Science Foundation (NSF) to study the societal implications of nanotechnology — the emerging discipline that seeks to control and manipulate matter on a molecular scale. The grants are the largest awards the foundation has ever devoted exclusively to research in societal implications.
Tight budgets are causing many state and local tech-based economic development (TBED) programs to delay new initiatives, even forcing some to scale back on the services already provided. But mottos like "getting more bang for the buck" and "doing more with less" are fast becoming tired, transparent clichés.
Through an editorial glitch between browsers, the two external links were inoperable in the lead story in last week's issue of the SSTI Weekly Digest, "President Wants Point Person on Manufacturing." Corrected links are available below and on the Web version of last week's issue (http://www.ssti.org/Digest/2003/090503.htm).
President Bush announced on Monday that he has told Commerce Secretary Don Evans that he wants him to appoint an assistant secretary “to focus on the needs of manufacturers, to make sure our manufacturing job base is strong and vibrant.” The President made the announcement saying, “I understand for a full recovery, to make sure people can find work, that manufacturing must do better...We’ve lost thousands of jobs in manufacturing, some of it because of productivity gains...but some of i
The Bullitt County Economic Development Authority of Kentucky has named Bob Fouts as interim director.
The Connecticut Technology Council has named Matthew Nemerson as its new President and CEO, replacing Michael Theodore.
Gwyn Riddick recently was named director of the new Piedmont Triad office of the North Carolina Biotechnology Center.
Gary Schneider is the new chairman of the Greater Columbia Chamber of Commerce (S.C.).
On Thursday, the Senate Appropriations Committee approved $106.6 million for the Manufacturing Extension Partnership (MEP) for FY 2004, according to the Modernization Forum. The Bush Administration had proposed funding MEP at $12.6 million, effectively eliminating the national program.
Manufacturers continue to shed thousands of American jobs — at a rate of 80,000 per month over the past three years, according to the New York Times. The realities of globalization are settling in as small and mid-sized manufacturers are hit hard with competition from around the world.