A higher rate of entrepreneurial activity is strongly connected with faster growth of a local economy, the U.S. Census Bureau reports in Endogenous Growth and Entrepreneurial Activity in Cities. The recent working paper, prepared by the Bureau's Center for Economic Studies, examines the connection between knowledge spillover and economic growth in a regional economy.
Despite an economic slowdown, the Twin Cities is more competitive than it was a year ago, according to a study released by the Great North Alliance, a regional civic leadership organization. Conducted annually, the Great North Opportunity Forecast uses regional productivity and innovation to predict future competitiveness and opportunity.
Earlier this week U.S. Department of Commerce Secretary Don Evans announced the Digital Freedom Initiative (DFI) would be piloted in Senegal, a democratic secular nation in which 94 percent of the population is Muslim. DFI is designed to promote economic growth by transferring the benefits of information and communication technology (ICT) to entrepreneurs and small businesses in the developing world.
The National Center for Public Policy and Higher Education recently released The Rising Price of Higher Education, which documents the rising costs of public education in the U.S. Using the data found in the report, SSTI has constructed a 50-state table presenting a comparison of the cost of tuition and fees at 2- and 4-year public institutions in 2001-02 vs 2002-03.
Wisconsin Gov. Jim Doyle today unveiled the plan that will guide his Administration's legislative agenda for the next 12 months. Grow Wisconsin: The 2005 Agenda focuses on three areas: investing in business, investing in people, and fostering a competitive business climate.
Information, telecommunications and electricity provide the basic building blocks for all tech-based economic development - regardless of industry sector, research field or location. In the aftermath of Hurricane Katrina, the technology infrastructure for many of the state's emerging tech-firms has been dismantled. How do you restore efforts to build a tech-based economy when the fundamentals are destroyed overnight?
One of the latest big-ticket investments targeting stem cell research came from Ann Arbor last week as the University of Michigan committed $10.5 million of its internal resources to establish an interdisciplinary center for stem cell research. The announcement is one of dozens from around the country since California voters approved Proposition 71 in 2004, borrowing $3 billion over 10 years for stem cell research.
Between 1996 and 2004, an average 0.36 percent of the U.S. population created a new business each month, representing approximately 500,000 new businesses per month, according to the Kauffman Index of Entrepreneurial Activity.
Not too surprising. Put the premier professional development opportunity for the tech-based economic development community in a great city and you'll draw hundreds of participants from at least 45 states and several other countries. Offer conference attendees five-star accommodations at prices well below market and we've ended up with the largest room block yet for an SSTI annual conference.
Limited Seating Remaining in Three Preconference Sessions
In 2003, academic institutions across the U.S. reported having a total of $23.76 billion in R&D expenditures for research related to the life sciences, according to the National Science Foundation's Survey of Research and Development Expenditures at Universities and Colleges, FY 2003.
The University of Nebraska Technology Park has named Steve Frayser as president.
Illinois Governor Rod Blagojevich has nominated Jack Lavin to run the newly named Department of Commerce and Economic Opportunity. The agency was formerly called the Department of Commerce and Community Affairs. Lavin was chief financial officer for Rezco Enterprises.
Greg Main, Oklahoma's former secretary of commerce, has been named president and CEO of the Oklahoma Technology Development Corp., which runs the Oklahoma Technology Commercialization Center.
Timothy Monger is the new executive director for the Indiana Department of Commerce, Monger replaces Thomas McKenna, who has taken the position as cheif of staff to the Lieutenant Governor.
Oklahoma Governor Brad Henry has named Tulsa businesswoman Kathryn Taylor to serve as Secretary of Commerce. The position oversees the state's economic development, commerce, and tourism activities. David Lopez, a retired officer of SBC Communications, will serve in the voluntary, unpaid position as the Governor's economic development advisor.
William "Sandy" White has been named president and CEO for the Columbus Technology Council.
During the past week, SSTI has made several additions to its website <http://www.ssti.org> that readers may want to note:
House Science Committee Chairman Sherwood Boehlert (R-NY) and Rep. Mike Honda (D-CA) recently introduced legislation that would authorize a multi-agency national nanotechnology research initiative. Nanotechnology is one of the top interagency priorities in the Administration's fiscal 2004 proposed budget for non-medical, civilian scientific and technological research and development.
Policymakers must understand the ways in which the information technology (IT) revolution is transforming business operations across both new and traditional industries, according to Paul Sommers and Daniel Carlson, the authors of What the IT Revolution Means for Regional Economic Development, a discussion paper prepared for the Brookings Institution Center on Urban and Metropolitan Policy.
Several recent project announcements highlight communities using incubators and research parks, some of the tools for technology-based economic development, in specialized formats to capitalize on existing strengths and nurture additional growth of clusters of related tech firms. Such targeted approaches can help to focus other TBED activities for additional benefits.
The President’s Council of Advisors on Science and Technology (PCAST) drafted and approved four reports in 2002. Three of those reports are now available online at http://www.ostp.gov/PCAST/pcast2002rpt.html. Each report was submitted to President Bush and is briefly synopsized below.
The federal role in early-stage technology development (ESTD) is much more important than may be suggested by collective R&D statistics, suggests Between Invention and Innovation: An Analysis of Funding for Early-Stage Technology Development, a report by the National Institute of Standards and Technology (NIST).
Jeff Bond, former long-time manager of the BMDO SBIR program, has been named Acting DoD SBIR/STTR Administrator, replacing the retiring Ivory Fisher.
The University of Nebraska Technology Park has named Steve Frayser as president.
Jeff Bond, former long-time manager of the BMDO SBIR program, has been named Acting DoD SBIR/STTR Administrator, replacing the retiring Ivory Fisher.