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Arizona Legislation to Encourage Tech Transfer Awaits Voters' Approval

Upon ruling in favor of a $50 million bonds issue last month, the Oklahoma Supreme Court cleared the way for an endowed chairs program at colleges and universities throughout the state .

In the Dec. 19, 2005 issue of the SSTI Weekly Digest, an editor's note highlighted the mega-investments several states are making to establish themselves as significant players in key research areas.

Increased funding for research centers, a laptop program, and investments in higher education were highlighted in South Dakota Gov. Mike Rounds' fiscal year 2007 budget address last month.

Last month, voters in Arkansas narrowly rejected a major bond proposal targeting technology and capital upgrades in higher education and actively supported by Gov. Mike Huckabee, leaving many to wonder what went wrong.

It is no coincidence that every article in this issue of the SSTI Weekly Digest touched on some aspect of higher education's role in promoting economic growth. Knowledge-based economies driven by innovation require strong and successful institutions of higher learning. Those same types of economies, particularly when applied on a global scale, present unique challenges to sustaining educational and research excellence with academia based on older models of financing and leadership.

Stephen Jeffery has been appointed the new president/executive director of the Technology Association of Georgia.

Sandy Layman was named commissioner of the Iron Range Resources and Rehabilitation Agency (IRRRA) earlier this month. IRRRA promotes economic development in Northeastern Minnesota.

Tim Witsman recently resigned as president of the Wichita Area Chamber of Commerce to pursue other opportunities in the community. Witsman headed the area's lead economic development agency for 15 years.

On Wednesday, President Bush signed the Jobs and Growth Tax Reconciliation Act of 2003, providing $20 billion in fiscal relief to state governments. Half of the $20 billion will come through an increase in the federal share of Medicaid.

A survey of 330 cities and towns by the National League of Cities (NLC) shows that cities are raising fees and taxes while cutting infrastructure spending and city staffs in order to deal with the worst fiscal conditions for municipalities since NLC began its annual survey of city finance managers in 1985.

A proposed Cybersecurity R&D Center is the centerpiece of the Department of Homeland Security's (DHS) first research agenda for information analysis and infrastructure protection, according to recent testimony presented by Dr. Charles McQueary, Under Secretary for the DHS Science and Technology Directorate, before the House Science Committee.

The National Business Incubation Association (NBIA) honored six top incubation programs, graduates and clients at its 17th International Conference on Incubation, held May 18-21 in Richmond, Va. Award winners are highlighted below:

Innovation Philadelphia, a public-private partnership, the Greater Philadelphia Chamber of Commerce, and the city of Philadelphia have developed a road map that identifies the future drivers of the Greater Philadelphia economy and provides a framework for developing these drivers.

San Pablo, CA, College to Use $2.1M EDA Grant to Build Biotech Incubator

Stephen Jeffery has been appointed the new president/executive director of the Technology Association of Georgia.

Sandy Layman was named commissioner of the Iron Range Resources and Rehabilitation Agency (IRRRA) earlier this month. IRRRA promotes economic development in Northeastern Minnesota.

Congress begins consideration of the Economic Development Administration (EDA) reauthorization legislation, which continues to include several initiatives to promote tech-based economic development. With the current authorization due to expire on September 30, 2003, the new legislation would authorize EDA's operations for five more years, beginning in FY 2004 and extending to FY 2008. The Administration's proposal includes $331.03 million for assistance programs and planning grants.

Within two years, Indiana's agency for promoting economic development will become a quasi public-private partnership similar in concept to the Michigan Economic Development Corporation.

While in Minnesota, an agreement that resolved the budget impasse gives the state's lead science and tech organization a 12-month timeline to fully privatize from the state's support.

The Army last week announced the creation of a $25 million Venture Capital Initiative (VCI) to satisfy a critical Army technology requirement — obtaining lighter, more efficient power sources for individual soldier systems.

A 19-year veteran of the technology-based economic development field has co-authored a guide that outlines strategies for growth in the knowledge-based economy. The Keys to Growth in the New Economy:Investing in Discovery, Engineering, and Entrepreneurship draws on the experiences of John Ahlen, who has led the Arkansas Science and Technology Authority (ASTA) since 1984. The report is co-authored by Mark Diggs, Chairman and CEO of Maryland-based Ontology Works, Inc.

Royalties on product sales from technology developed by Canadian and U.S. academic research institutions jumped to $845 million in 2001, up 12 percent from the previous year, according to the AUTM Licensing Survey: FY 2001. Gross licensing income received from licenses and options, however, declined from $1.26 billion in FY 2000 to only $1.071 billion in FY 2001 as 7 percent fewer new licenses and options were executed.

Initial public offerings (IPOs), the darlings of the dot-com boom, would be put on the endangered species list if they were a plant or animal — based on how few have been seen in the past year. Investor sentiment toward IPOs has been almost as negative since the bubble burst as the IT hype was positive before. But is the aversion to IPOs warranted? Have IPOs really become more risky than they were in years past?

Mitch Daniels, the director of the White House Office of Management & Budget, has announced his resignation.

Sylvia Goodman is leaving her position as director of technology and innovation at Louisiana Economic Development.

Marc Holtzman, Colorado's former science and technology advisor, is taking the position as president of Denver University.