During the past two months, five reports have highlighted grim news for state budgets in fiscal year 2008, FY 2009 and beyond, brought on by declining revenues, the crisis in the housing market, increased oil prices, a potential national recession, and structure issues with state finances.
The Carolina Center for Competitive Economies (C3E) at the University of North Carolina, Chapel Hill, invites applications for the position of Associate Director for Research.
Temi Bova is the new director of Union College's U-start technology business incubator in Schenectady, N.Y.
The Ben Franklin Technology PArtners of Central and Northern Pennsylvania promoted Stephen Brawley to serve as president and CEO.
Temi Bova is the new director of Union College's U-start technology business incubator in Schenectady, N.Y.
The Ben Franklin Technology PArtners of Central and Northern Pennsylvania promoted Stephen Brawley to serve as president and CEO.
Alan Brown was named executive director of the Pennsylvania NanoMaterials Commercialization Center, a newly formed economic development initiative.
The Wright Center of Innovation for Advanced Data Management and Analysis changed its name to daytaOhio and named Paul Cashen as its new president.
Former Lansing Community College president Paula Cunningham is the new director of the Michigan Department of Labor and Economic Growth.
Dan Curran is the new director of the Business Development Division of the Nebraska Department of Development.
Ted Ford, former president and CEO of the Edison Welding Institute, recently was named president and CEO of TECHColumbus.
Sandy Johnson, interim CEO of the Mid-American Manufacturing Technology Center, was appointed to the position on a permanent basis.
Roger Kilmer was appointed director of the Hollings Manufacturing Extension Partnership program at the National Institute of Standards and Technology. Kilmer served as acting director since Kevin Carr's departure last June.
Sean O'Kane, commissioner of the New Hampshire Department of Resources and Economic Development, is resigning from the position at the end of his two-year term in March to return to the private sector.
BioFlorida President Diana Robinson is leaving to join a private venture capital company once her replacement is selected.
Tim Rubald, interim executive director of the Nevada Commission on Economic Development, was appointed to the position on a permanent basis.
Harvard University President Lawrence Summers announced his resignation this afternoon. Former Harvard president Derek Bok is to serve as interim president for the university.
According to the latest index from JointVenture Silicon Valley, 2007 looks like a pretty good year compared to 2006 when you look at many standard measures of economic performance. There were 28,000 new jobs created, a 1.5 percent increase in population, and 21 percent growth in solar and wind energy installations. Water use also dropped 6 percent, venture capital investments were up 11 percent, median household income rose, and city revenues were up 37 percent.
The agricultural states that lie east of the Rocky Mountains are at the center of an escalating decline in population, far exceeding that of other regions of the country. Of particular concern is the effect of population loss among young, educated workers on the states’ economies, resulting in a brain drain that could leave the region lagging the rest of the nation for many years to come.
In recent years, Iowa, like many midwestern states, has experienced a boom in ethanol production. Iowa's natural competitive advantage in growing and processing corn has helped it to move to the forefront of the emerging biofuels industry. The state provides numerous incentives and assistance programs through its Department of Natural Resources to help spur the creation of ethanol-related companies and jobs.
The North Carolina Board of Science and Technology, for a long time serving mostly in an advisory capacity to Gov. Mike Easley, increasingly is more involved in the direct delivery of technology-based economic development programs. The latest addition to its growing portfolio of programs is a $1 million Green Business Fund to help small businesses commercialize promising green and alternative energy technologies.
New Mexico’s 2008 legislative session wrapped up last week, resulting in no final action on several TBED-related bills and leading Gov. Bill Richardson to call a special legislative session to address his health care reform agenda.
Research-based companies draw much of their advantage in the market from their investment in technology development and the knowledge capital they have accumulated over time. Since this knowledge represents potential revenue, many companies jealously guard their intellectual property (IP) with non-compete clauses and other legal contracts with their employees. No company, however, can completely stop the outward flow of information.
A consistent claim in many competitiveness reports and economic development strategies is the need to increase the number of scientists and engineers in a given geographic area. But are there other factors, when coupled with the presence of scientists and engineers, that influence local long-term employment growth more than others?
Using its Occupational Employment Statistics Survey, the Bureau of Labor Statistics estimates the number of employees in about 800 separate occupations for every metropolitan area in the U.S. In the most recent version of its Science and Engineering Indicators series, the National Science Board compiled a chart organizing the number of employees in S&E occupations in 2006, the most recent data available.
There are three federally established regional commissions and authorities that are dedicated to improving the economic opportunities within specific geographic regions. The Appalachian Regional Commission and the Delta Regional Authority are dependent on annual appropriations. The Tennessee Valley Authority (TVA), the oldest and largest of the three, generates its budget primarily through power generation revenues. TVA still requires the government to approve or set its annual spending level.