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Fiscal Commission Proposes Extensive Cuts to Federal Economic Development

Wednesday, November 17, 2010

After months of closed-door negotiations, the chairs of National Commission on Fiscal Responsibility and Reform has released a draft list of proposals to reduce the growing federal deficit. The proposals include drastic cuts to the federal government's economic development agencies, including the elimination of the Economic Development Administration (EDA) and the Hollings Manufacturing Extension Program (MEP), as well as the merging of the Department of Commerce and the Small Business Administration (SBA).

  • Read more about Fiscal Commission Proposes Extensive Cuts to Federal Economic Development

ITIF Releases 2010 State New Economy Index

Wednesday, November 17, 2010

Massachusetts remains the state best prepared to navigate the changing economy, according to the Information Technology and Innovation Foundation's (ITIF) 2010 State New Economy Index. ITIF uses 26 indicators in five categories to evaluate the economic structure of states and assess their capacity to drive innovation-based growth. Massachusetts ranked number one in economic preparedness by a wide margin, as it has since the first index was released in 1999.

  • Read more about ITIF Releases 2010 State New Economy Index

Facing a Budget Crisis, UK Will Not Cut S&T Spending

Wednesday, November 17, 2010

Facing the largest budget deficit in the European Union, British Prime Minister David Cameron will not to cut spending on S&T. The European Commission predicts the UK will face a 12 percent budget deficit in 2011. To combat this deficit, the Cameron led Tory-Liberal Democrat coalition took drastic measures to reduce the deficit by 2014.

  • Read more about Facing a Budget Crisis, UK Will Not Cut S&T Spending

Report Suggests Complete Data Collection to Overcome Challenges in Commercializing Space-Related SBIR Technologies

Wednesday, November 17, 2010

The Department of Defense (DoD) lacks complete data on the number of technologies commercialized and therefore cannot determine the return on its space-related SBIR investment, finds a report by the Government Accountability Office (GAO). To meet space-related technology needs, DoD invested $5 billion, or approximately 11 percent of its total SBIR budget, on space-related Phase I and Phase II contracts over fiscal years 2005-09.

  • Read more about Report Suggests Complete Data Collection to Overcome Challenges in Commercializing Space-Related SBIR Technologies

Global Entrepreneurship Week Aims to Inspire Youth

Wednesday, November 17, 2010

This week, millions of people in more than 100 countries across the globe will participate in activities, forums and competitions geared toward helping young people develop the skills and knowledge needed to grow innovative companies as part of Global Entrepreneurship Week 2010. The third annual celebration co-founded by the Kauffman Foundation and Enterprise UK boasts participation from students, educators, entrepreneurs, business leaders, and government officials. In tandem with the global celebration, President Obama proclaimed Nov.

  • Read more about Global Entrepreneurship Week Aims to Inspire Youth

Recent Research: Federal Innovation Programs Essential Component to the 21st National Economy

Wednesday, November 17, 2010

"Despite the clear limitations of existing federal innovation programs, they remain important to our national economic competitiveness," according to a new report from the Center for American Progress. In Silos of Small Beer, authors Maryann Feldman and Lauren Lanahan examine the efficacy of federal innovation programs on the regional economic development of the eastern Midwest region that includes Pittsburgh in western Pennsylvania; and Cleveland, Akron and Youngstown in northeast Ohio.

  • Read more about Recent Research: Federal Innovation Programs Essential Component to the 21st National Economy

Recent Research: Knowledge Spillover: Automatic or Cultivated?

Tuesday, November 16, 2010

Academics and policymakers should "be more careful with the assumption that technological knowledge spillovers and networks occur automatically in innovative clusters," according to a recent article on the Cambridge IT cluster. The report, Do Clusters Really Matter for Innovation Practices in Information Technology? Questioning the Significance of Technological Knowledge Spillovers, examines the impact that a cluster has on R&D workers in IT field with an emphasis on territorial learning and knowledge spillovers.

  • Read more about Recent Research: Knowledge Spillover: Automatic or Cultivated?

Budget Proposals Produce Mixed Bag for TBED Programs

Wednesday, January 28, 2009

As governors across the nation seek to fill record deficits, many new and longstanding TBED initiatives are facing challenging cuts or elimination. At the same time, governors are shoring up support for critical, targeted investments in the economy that they say are needed now more than ever.

  • Read more about Budget Proposals Produce Mixed Bag for TBED Programs

Tech Talkin' Govs, Part IV

Wednesday, January 28, 2009

  • Read more about Tech Talkin' Govs, Part IV

Maryland Budget Proposal Increases Support for State's Bio 2020 Initiative

Wednesday, January 28, 2009

In support of the state's goal to attract and grow biotechnology companies, Gov.

  • Read more about Maryland Budget Proposal Increases Support for State's Bio 2020 Initiative

TBED People and Organizations

Wednesday, January 28, 2009

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SSTI Job Corner

Wednesday, January 28, 2009

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State Legislatures Shift Right, Sweeping Proposals Expected

Wednesday, November 10, 2010

Legislative control will shift from Democratic to Republican majority in eleven states and Republicans now control the legislature and governor's office of 20 states, up from nine, after adding more than 675 seats in last week's midterm elections, reports the National Conference of State Legislatures (NCSL). The GOP gained control in one or both chambers in the following states: Alabama, Colorado, Indiana, Iowa, Maine, Michigan, Minnesota, Montana, New Hampshire, North Carolina, Ohio, Pennsylvania, and Wisconsin.

  • Read more about State Legislatures Shift Right, Sweeping Proposals Expected

Funding Higher Ed in the Post Recession Era: CO, TX and VA Offer Recommendations

Wednesday, November 10, 2010

With the end of federal stimulus funding for higher education on the horizon, states are considering proposals to retool current funding formulas for colleges and universities and looking to alternative funding sources to sustain their programs and services in the coming years. Ahead of the 2011 legislative session, groups commissioned by governors in Colorado and Virginia recommended a voter-approved tax and more stable funding streams from the state, respectively.

  • Read more about Funding Higher Ed in the Post Recession Era: CO, TX and VA Offer Recommendations

Seed Stage Angel Capital Becoming Scarce

Wednesday, November 10, 2010

Angel investors continue to move their focus from seed stage startups to later stage deals, according to recent analysis by the University of New Hampshire's Center for Venture Research. During the first half of 2010, 26 percent of angel capital was invested in seed and startup stage companies, down from 35 percent in 2009 and 45 percent in 2008. Meanwhile, overall angel funding fell to $8.5 billion, a 6.5 percent decrease from the first half of 2009.

  • Read more about Seed Stage Angel Capital Becoming Scarce

Solar Jobs Could Grow by 26 Percent, Solar Census Shows

Wednesday, November 10, 2010

U.S. jobs in solar energy could increase by 26 percent by this time next year, according to the first nationwide solar census from The Solar Foundation. The census estimates that there are currently 93, 000 solar workers in the U.S., and 50 percent of solar firms plan to add jobs in the next 12 months. Solar workers are defined as employees who spend more than 50 percent of their time supporting solar activities. Read the census at: http://www.thesolarfoundation.org.

  • Read more about Solar Jobs Could Grow by 26 Percent, Solar Census Shows

Useful Stats: Qualifying Therapeutic Discovery Project Grants and Credits by State, FY 2009-10

Wednesday, November 10, 2010

The Internal Revenue Service (IRS) has released the list of projects approved for Qualifying Therapeutic Discover Project grants and credits. Introduced in the Patient Protection and Affordable Care Act passed earlier this year, the program supports projects that show a reasonable potential to create new therapies, lower health care costs or advance the cause of curing cancer within the next 30 years. The credit or grant covers up to 50 percent of the cost of qualifying biomedical research at firms with no more than 250 employees.

  • Read more about Useful Stats: Qualifying Therapeutic Discovery Project Grants and Credits by State, FY 2009-10

TBED People

Wednesday, November 10, 2010

The Tennessee Biotechnology Association has changed their name to Life Science Tennessee.

Ann Arbor SPARK recently added Bill Mayer as director of their business accelerator team.

  • Read more about TBED People

Tech Talkin' Govs, Part III

Wednesday, January 21, 2009

The third installment of the Tech Talkin' Govs series includes highlights from state of the state, budget and inaugural addresses from governors in Minnesota, Missouri, Nevada, and New Mexico.

  • Read more about Tech Talkin' Govs, Part III

Kansas Gov Puts TBED Programs in Jeopardy with Budget Request

Wednesday, January 21, 2009

Tech entrepreneurs in Kansas would lose a long-time independent friend and ally in their efforts to expand the state's economy if the FY10 budget proposed by Gov.

  • Read more about Kansas Gov Puts TBED Programs in Jeopardy with Budget Request

Tax Proposals Fail to Garner Much Support in Statewide Proposals

Wednesday, November 3, 2010

Voters disapproved of several tax-cutting measures appearing on statewide ballots across the nation — a good sign for states facing huge budget deficits. A proposal to roll back the sales tax from 6.25 percent to 3 percent failed to garner support in Massachusetts, saving the state's projected deficit from doubling in the next year, according to Stateline.org. Colorado voters also rejected tax-cutting measures, including an amendment to prohibit the state from borrowing.

  • Read more about Tax Proposals Fail to Garner Much Support in Statewide Proposals

Job Corner

Wednesday, November 3, 2010

The Board of Directors of the Oklahoma Manufacturing Alliance is seeking a new president who will play a leading role in developing strategy for modernizing Oklahoma's industrial base. The successful candidate will possess strong leadership skills, demonstrated administrative ability, entrepreneurial management skills, organizational awareness, political sensitivity, and the ability to establish rapport with numerous constituencies.

  • Read more about Job Corner

S&T Figures Prominently In Federal Recovery Plans

Wednesday, January 14, 2009

Several years of virtually flat and occasionally declining federal funds for the nation's research and economic development communities could end abruptly with passage of an economic recovery plan resembling either proposal released by President-elect Obama or Congressional Democrats.

  • Read more about S&T Figures Prominently In Federal Recovery Plans

ITIF Provides Insight Into Stimulus' Potential Impact on High-Tech Employment

Wednesday, January 14, 2009

The House Appropriations Committee version of the American Recovery & Reinvestment Act released this morning includes support for improvement to the U.S. digital infrastructure. The proposal calls for significant spending to boost the economy through science and technology.

  • Read more about ITIF Provides Insight Into Stimulus' Potential Impact on High-Tech Employment

Tech Talkin' Govs, Part II

Wednesday, January 14, 2009

The second installment of the Tech Talkin' Govs series includes highlights from state of the state, budget and inaugural addresses delivered by the governors of Arizona, Colorado, Georgia, Idaho, Kansas, Mississippi, New Hampshire, Oregon and Vermont. 

  • Read more about Tech Talkin' Govs, Part II

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