Capital for start-up and early-stage business ventures should become more plentiful in Vermont based on legislation, S. 178, passed in late May. A spokesperson for Governor Jim Douglas appraised the act's total impact as representing a $105 million investment into the state's economy.
On Tuesday, voters in Maine approved Governor John Baldacci's request to issue $60 million in bonds to finance several research infrastructure, economic development and housing related projects. Packaged and marketed as the Jobs Bond, the measure won easily with 60 percent of the vote in this special election. The tech-based economic development portion of the bond will be allocated as follows:
The U.S. Department of Agriculture (USDA) recently announced the selection of 97 loan and grant recipients in 24 states that will receive $20.1 million in rural business development funds. The loans and grants are expected to assist in creating or saving nearly 10,000 rural jobs and supports 772 business ventures as part of the Bush Administration's efforts to spur economic development in rural areas.
Following extensive public consultation, the French Ministry for Industry and Research has announced a revamped national strategy to boost support for research and development (R&D) activities in France. The plan, to be implemented in 2004, aims to make financial resources for innovative companies more accessible and to increase France’s appeal to the international R&D community.
Some of the key measures include:
In 2003, the nation's 20 top metropolitan areas will generate $4 trillion in output, or 36 percent of the national economy, according to a new report by the U.S. Conference of Mayors and the Conference’s Council for Investment in the New American City. However, overall employment growth this year is predicted to be 0.1 percent in those same metro areas, with nine experiencing either no job growth or continued employment contraction.
U.S. businesses spent $180.4 billion in non-federal funds for research and development in 2000, according to the National Science Foundation's (NSF) annual Survey of Industrial Research and Development. The figure reflects 13 percent growth over 1999 findings and the 47th consecutive year of increases. Federal funding for industrial R&D, however, fell to $19.1 billion in 2000, a 15 percent drop from 1999.
Meeting short-term budget demands are consuming more and more of state, local and academic tech-based economic development practitioners' time. However, keeping an eye on the long-range funding picture is critical for sustained success. One of the most important federal sources for supporting the research enterprise is the National Science Foundation (NSF).
The National Academy of Public Administration (NAPA) has begun a review of the Manufacturing Extension Partnership (MEP) that will examine the program's mission and execution. MEP requested the independent analysis.
G. Michael Alder has been named executive director of the Biotechnology Association of Alabama.
Thomas Anderson is the new director of the Automation Alley Technology Center in Michigan.
G. Michael Alder has been named executive director of the Biotechnology Association of Alabama.
Thomas Anderson is the new director of the Automation Alley Technology Center in Michigan.
Colorado Governor Bill Owens has appointed Tim Fritz as the director of the Office of Aerospace and Aeronautics.
Hempstead (New York) Mayor James Garner was elected to serve as the 61st president of the U.S. Conference of Mayors during its annual meeting this week.
Package Isn't All Governor Expected; Veto Possible
Breaking new technologies into traditional markets can be challenging, particularly in the energy field it seems. To help overcome that hurdle, the State of Pennsylvania has undertaken a $5 million initiative to help finance the implementation of clean and renewable energy technologies such as biomass and wind power.
Since her inauguration in January, Arizona Governor Janet Napolitano has pushed legislation intended to increase university tech transfer and commercialization (see related item in this issue). But will it work? Do economic incentives really encourage university researchers to pursue commercialization goals? Or are academics "pure" scientists, truly beyond monetary motives as many would argue?
With a combined annual research budget totaling $4.8 billion, New Mexico's 12 largest research facilities signed a Memorandum of Agreement on May 30 to help turn intellectual property into jobs for New Mexicans. Members of the newly formed New Mexico Technology Research Corridor (TRC) include:
While the nation’s manufacturing sector continues to face major challenges, the National Coalition for Advanced Manufacturing (NACFAM) suggests in a new white paper that the U.S. can compete successfully with low-wage countries if industry and government rally around two basic goals — increase labor productivity by greatly accelerating the use of advanced technologies and leverage national resources through a major expansion of public-private partnerships.
Arizona Legislation to Encourage Tech Transfer Awaits Voters' Approval
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.
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.