State Round Up
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$3.5B Round of New Markets Awards Announced
Sixty-two organizations in 44 states and the District of Columbia will receive a total of $3.5 billion in tax credit allocations through the second competitive round of the New Markets Tax Credit (NMTC) Program, the Treasury Department recently announced. Several of the selected organizations have a national market perspective.
SC Council Formed to Reshape the State's Economy
A new economic development council formed in South Carolina has been charged with two objectives: help reshape the state’s economy and raise its per-capita income. Members of the South Carolina Council on Competitiveness, a group of business, academia, government and economic development leaders, were announced earlier this month.
Report Focuses on Evaluating R&D
A new report from the Advanced Technology Program (ATP), A Toolkit for Evaluating Public R&D Investment, provides useful information to anyone interested in evaluating publicly-sponsored research and development (R&D) programs. While the report focuses on more than 40 evaluations that have been performed for ATP, it offers one of the most comprehensive and understandable overviews of evaluation methods and applying those approaches.
Changing Role of Community Colleges Redefining the S&T Workforce
Community colleges can play an important part in shaping the workforce in the science and technology (S&T) sector. For example, with the growth in biotech, there is an increasing need for technicians in the biotech field and workers are finding that they can prepare for these jobs rather quickly in community colleges. Technicians in biotech manufacturing facilities generally have two-year specialized training or an associate degree from a technical or community college, according to the U.S.
Useful Stats: 2003 DoD Phase I SBIR Proposals and Awards
The Department of Defense (DoD) distributed $152.9 million in awards under its fiscal year 2003 Phase I Small Business Innovation Research (SBIR) Program competitions. A total of 1,882 awards were selected from a pool of more than 15,000 proposals across all states and the District of Columbia.
PPI Releases Metro New Economy Index
Offering an assessment of the progress made by the nation's 50 largest metropolitan areas toward becoming high-tech communities as well as providing policy recommendations to help cultivate and encourage New Economy businesses, the Progressive Policy Institute (PPI) and Case Western Reserve University's Center for Regional Economic Issues yesterday released The Metropolitan New Economy Index: Benchmarking Economic Transformation in the Nation's Metropolitan Areas.
South Carolina, Florida Get New Tech Councils
On Wednesday, South Carolina Governor Jim Hodges announced the appointment of a 38-member Steering Committee of the Technology Transition Team. The group, chaired by the president of the South Carolina operations of BellSouth, consists of business leaders, technology entrepreneurs, financial executives, research university leaders, and government representatives. Technology Transition Team responsibilities include:
SSTI’s 5th Annual Conference To be Held in Pittsburgh
Ben Franklin Technology Partners. Pittsburgh Technology Council. Industrial Resource Centers. Tech 21. Pittsburgh Digital Greenhouse.
Useful Stats: R&D Intensity for All 50 States
Due to a number of requests from SSTI Weekly Digest readers, we have prepared the accompanying table presenting the 1998 "R&D Intensity" rankings for all 50 states and the District of Columbia. R&D Intensity is considered a state's total R&D performance as a percentage of the Gross State Product.
HUD's Best Practices Program Terminated
The Best Practices program in the Department of Housing and Urban Development (HUD), which for the past five years has highlighted and honored hundreds of varied and effective approaches to community development, has been discontinued. The program publications, website and annual conference provided state and local economic development efforts easy access to information and contacts for successful practices worthy of emulation.
People
Joe Alviani has resigned as Executive Director of the Massachusetts Technology Collaborative to accept a position in the private sector. MTC Executive Vice President Philip Holahan is serving as Interim Executive Director.
People
Joe Alviani has resigned as Executive Director of the Massachusetts Technology Collaborative to accept a position in the private sector. MTC Executive Vice President Philip Holahan is serving as Interim Executive Director.
People
The Vermont Economic Progress Council has named Fred Kenney as Executive Director. VEPC is the nine-member panel established in 1994 with members appointed by the Governor to provide long-term economic policy planning. In 1998 it was given the responsibility of implementing the Economic Advancement Tax Incentives Act and reviewing applications for tax incentives.
People
After seven years of serving as the first president of the Connecticut Technology Council, Laura Kent is resigning her position at the end of June. The Council now boasts over 400 members.
People
Pennsylvania Governor Tom Ridge has promoted Tim McNulty to the new position of Deputy Chief of Staff for Technology Initiatives.
Technology Economy Still in Washington State's Future
Washington State remains poised to capture more benefits from its technology-driven economy, according to the Index of Innovation and Technology released last month by the Washington Technology Center (WTC). As the state's lead organization to support science and technology, WTC publishes the Index to provide the state's decision makers with annual benchmarks for setting policy and public investments to promote technology-based economic development.
NBIA Honors Top Incubation Programs
The National Business Incubation Association (NBIA) recently held its 18th International Conference in Atlanta, honoring excellence in business incubation programs, graduates and client companies. NBIA, a nonprofit organization, works to advance incubation and entrepreneurship. This year’s recipients include:
Recent Papers from the Fed Touch on Tech-based ED
Cleveland Fed: "Innovation, Growth, and Economic Policy in an Environment of Change,"
At a time when manufacturing jobs are relenting to the pressures of an expanded service sector, foreign competition and productivity growth, the idea of economic prosperity has a renewed urgency with innovation as the greatest strength and flexibility the greatest asset, argues a new report from the Federal Reserve Bank of Cleveland.
2005 National Medal of Technology Up for Grabs
The Department of Commerce is accepting nominations for the 2005 National Medal of Technology awards, the nation’s highest honor awarded by the President to America's leading technological innovators.
NSB Indicates Global Race Tightening for R&D Leadership
2004 S&E Indicators includes chapter of state-level metrics
The U.S. remains the world's leading producer and net exporter of high-technology products, ranking among the global leaders in research and development (R&D) spending. However, ongoing economic and workforce changes make the outlook for the future uncertain, according to Science and Engineering (S&E) Indicators 2004, a biennial report of the National Science Board (NSB) to the President.
VC Stays Course in First Quarter with $4.6B Invested
Venture capital (VC) kept up a steady pace in the first three months of 2004, according to the latest PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree™ Survey. Investments in the first quarter of 2004 totaled $4.6 billion going into 618 companies, the data show. The figure is below the $5.2 billion invested in the fourth quarter of 2003, but above the first quarter total of a year ago, $4.2 billion.
High-Tech Tax Credit Bill Renewed with Minor Revisions
Amid criticism from taxpayers, legislators in Hawaii agreed to renew the widely debated bill that extends high-technology tax credit for another five years, without a provision requiring the disclosure of companies that receive the credits, the Honolulu Advertiser recently reported.
New Zealand Switching to Performance-based Funding for University R&D
Competition for state, federal and industrial funding to support university research is increasingly fierce in the U.S. Growing interest in developing academic research capacity, eroding state support for higher education and federal R&D budgets barely keeping pace with inflation, let alone absorbing the growing percentage dedicated to Congressional earmarks, are some of the reasons.
President’s 2002 Budget Request: An Overview for Tech-Based ED
The Bush Administration's first budget request offers a mixed bag for state, local, and non-profit practitioners and policymakers in tech-based economic development. In research categories, the budget reflects the Administration's research emphasis in defense, biotechnology, and life sciences. The budget also reorganizes the nation's energy research priorities. Most other research categories were held at FY 2001 funding levels or received modest increases or cuts.