One comment we receive numerous times each year at SSTI's annual conference is that people wish more of the key decision makers and TBED practitioners in their regions had attended the event to make it easier to re invigorate their entire efforts to promote growth through science and technology. The easiest way to accomplish that is to host SSTI's 10th Annual Conference next fall!
To stimulate equity investment in America's small businesses and create jobs, the U.S. Senate introduced last week the Small Business Investment and Growth Act of 2005.
Examining the components that would most likely be attributed directly to Acting Gov. Richard Codey's proposed $380 million Stem Cell Research Initiative, a Rutgers University study finds that, potentially, the state stands to benefit from an estimated $1.4 billion in new economic activity, approximately 20,000 new jobs, and $71.9 million in new state revenue over the next 20 years.
To improve the way students learn and teachers teach in the areas of science and mathematics, Rhode Island Gov. Donald Carcieri's Blue Ribbon Panel on Mathematics and Science Education recommends 12 specific strategies in four key areas including governance and culture; teacher recruitment; teacher quality; and learning opportunities for students.
Service industries once again outpaced growth in the goods-producing industries across the country in 2004, according to gross state product (GSP) figures released Oct. 26 by the U.S. Bureau of Economic Analysis (BEA). Private services-producing industries grew 5.1 percent above 2003 figures, while private goods-producing industries grew at a 3.1 percent rate.
The Economic Development Administration (EDA) has announced it has $228.12 million available for grants to support state, regional and community efforts to create wealth and minimize poverty by promoting a favorable business environment to attract private capital investment and high skill, high wage jobs through world-class capacity building, infrastructure, business assistance, research grants and strategic initiatives.
U.S. Senator Olympia Snow (R-Maine) recently introduced a bill to boost the flow of venture capital to small businesses by allowing tax-exempt entities, such as pension funds and university endowment funds, to invest in Small Business Investment Companies (SBIC) without incurring unrelated business taxable income.
Speaking to a joint session of the House and Senate, Illinois Governor Rod Blagojevich recently presented his first budget, one that addresses a $5 billion budget crisis.
The FY 2004 budget passed by the Georgia Senate last week eliminates all $32 million the House approved for the OneGeorgia Authority, the state's loan and grant program targeting rural tech-based and traditional economic development. Created in 2000, the OneGeorgia Authority was anticipated to spend $1.6 billion over 25 years (one-third of the state's tobacco settlement funds) to assist the state's most economically challenged areas based on unemployment and poverty rates.
The Pittsburgh Technology Council recently issued its annual State of the Industry Report, which reveals that in spite of an extended national recession that began in 2000, the region’s technology industries have held their own, at least through the mid-point of the current economic downturn. The report covers the 13-county southwestern Pennsylvania region and presents industry statistics for 2001, the last year for which complete data is available from government and other sources.
A Blueprint for Prosperity and Jobs, a comprehensive strategic plan to foster and sustain job growth, business success and community vitality in Missouri, has been released by the Missouri Department of Economic Development. The product of two years of research, the plan addresses Missouri's need to focus its resources on building a knowledge-based economy, with emphasis on businesses that generate key technologies and have tremendous growth potential.
Layoffs are an expected, yet difficult, aspect of the U.S. economy as companies shift employment needs to reflect changes in demand, technology, competition and trade. During a down economy, the number of workers facing layoffs can be particularly difficult for a region to reabsorb. Research has shown that experienced workers with long tenures in a particular job or sector endure substantial long-term earning losses once they find new work.
Academic R&D expenditures grew 8.9 percent in 2001, according to the National Science Foundation's FY 2001 survey of research and development expenditures at universities and colleges. Reported in Academic Research and Development Expenditures: Fiscal Year 2001, the survey finds 609 institutions of higher education in the U.S. collectively spent $32.732 billion in FY 2001. The figure for FY 2000 was $30.042 billion.
NorTech is interested in hiring an Associate Director who will be responsible for all activities associated with one or more initiatives and ongoing high level support for the initiatives. The mission of NorTech is to ensure economic growth and leadership in Northeast Ohio by promoting entrepreneurially based globally competitive technology development and commercialization.
The Sacramento Area Regional Technology Alliance announced this week that Clare Emerson will replace Lewis Attardo as executive director.
U.S. Department of Transportation Secretary Norman Mineta has named Samuel G. Bonasso as Acting Administrator of the Research and Special Programs Administration following the departure of former Administrator Ellen G. Engleman, who left to become Chairman of the National Transportation Safety Board.
South Dakota Governor Mike Rounds announced Friday that John Calvin has been named Secretary for the Department of Tourism and State Development. The newly formed department combines the Governor’s Office of Economic Development, Department of Tourism, Office of Tribal Relations, Division of Cultural Affairs, and the South Dakota Housing Development Authority.
Bill Duncan is the first president of the Kansas City Area Life Sciences Institute, which held its inaugural event at the end of March.
Christopher Foster has been named technology coordinator for the Maryland Department of Business and Economic Development.
John Murray has been named executive director of the Maryland Economic Development Commission.
William Rosenberg has resigned from his position as CEO of the Michigan Broadband Authority. which approved its first loan at the end of March for wireless broadband service in several small towns.
William Seelbach has been named Interim President of the Ohio Aerospace Institute.
Elizabeth Sellars is the new manager of Idaho Operations for the Department of Energy.
Michael Witt has been appointed Executive Director of MichBio, the state's bioscience industry association.
For the second time in three years, the Lilly Endowment is demonstrating its strong commitment to Indiana University's role in life sciences education and research by awarding $50 million to advance the Indiana Genomics Initiative (INGEN).