Whether the reason is to spur more innovation among students, fight the brain drain of graduates or simply help to build tech-based economies, many states, communities and universities are targeting a portion of their efforts toward encouraging tech-based entrepreneurship among their young residents and college students.
More rigorous evaluations of local economic development programs and policies are feasible argues a recently released working paper by Timothy Bartik, a senior economist at The W.E. Upjohn Institute for Employment Research. Evaluating the Impacts of Local Economic Development Policies On Local Economic Outcomes: What Has Been Done and What Is Doable? stresses the importance of evaluation in local economic development.
Midwest Angel Network Association Launched in Illinois
Todd Bankofier has been appointed president of the Arizona Technology Council.
Alaska Governor Frank Murkowski has named Edgar Blatchford, a journalism professor at the University of Alaska, to serve as commissioner for the Department of Community and Economic Development.
Todd Bankofier has been appointed president of the Arizona Technology Council.
Alaska Governor Frank Murkowski has named Edgar Blatchford, a journalism professor at the University of Alaska, to serve as commissioner for the Department of Community and Economic Development.
John Harrison is Governor Bob Riley's pick to serve as director of the Alabama Department of Economic and Community Affairs. Harrison was the Mayor of Luverne, Alabama for the past 14 years.
Ellen Hemmerly has been named president of the nonprofit Association of University Research Parks.
David Iannucci is the new head of the Baltimore County Department of Economic Development.
Arizona Governor Janet Napolitano named Gilbert Jimenez to lead the Department of Commerce and has asked Gail Howard to serve as her policy advisor on economic development. Jimenez was Bank One International's Senior Vice President and Regional Manager for Mexico/Latin America. Howard comes to the administration from Arizona State University, where she has served since 1990 as the University's Director of Economic Development and Constituent Outreach.
Charles W. Steger, President of Virginia Tech. has been elected chairman of Virginia's Center for Innovative Technology. Paula S. Gulak, Founding Partner of SyCom Technologies, is the new Vice Chairman.
Dennis Yablonsky, chief executive officer for the Pittsburgh Life Sciences Greenhouse, is Governor Ed Rendell's pick to serve as Secretary of the Department of Community and Economic Development.
Central California's Regional Technology Alliance has changed its name to the Inland Empire techSOURCE.
Central California's Regional Technology Alliance has changed its name to the Inland Empire techSOURCE.
With the proper utilization of existing resources, the development of key new programs, strong leadership within state government and coordinated efforts among all programs and stakeholders, Kentucky has the opportunity to become a world leader in specific niches of the life sciences industry, says a report from the Governor's Life Sciences Consortium.
Cluster theories for explaining geographically distinct areas of economic activity have guided state and local economic development policy to varying degrees for the past 25 years. Encouraging cluster growth will be hot in one state’s strategies to encourage growth while cooling or completely absent from its neighbors.
When it comes to managing a portfolio of programs, do you know what really works to ensure they will have the most impact for building a tech-based economy? "Maximizing Impact: Evaluating Science and Technology Programs," one of four full-day pre-conference workshops to be held at SSTI's 9th Annual conference on Oct. 19-21, 2005, strives to answer the question.
There is increasing speculation that China's surge in the global economy is unsustainable, in part, because of its debt (see the Aug. 22, 2005 issue of Business Week). Closer to home, others point out, with the addition of the recent record U.S. budget deficits, America’s national debt will be too burdensome on generations X and Y and whatever letter comes next.
A new strategic plan focusing on the North Carolina Department of Commerce's four cornerstones of economic development success – a globally competitive workforce, investment in science and technology, a competitive business climate, and attractive communities prepared for economic development – has been released by the state's Economic Development Board.
With the passage of HB 675, the FY 03-04 Capitol Budget Bill, the Ohio Legislature approved funding for a $100 million Innovation Ohio Revolving Loan Fund and a second $50 million installment for the Wright Brothers Capital Fund. Both measures are key components of Ohio's $1.6 billion 10-year Third Frontier Project — the state's largest-ever commitment to expanding high tech research capabilities and promoting start-up companies to build high wage jobs.
Nearly $1.5 million in grants from the OneGeorgia Authority will go toward specific initiatives promoting technology-based economic development in Georgia. The awards are part of almost $7.5 million in grants and loans being awarded to 16 of the state's most economically distressed communities.
Since reaching a high point of almost 27,300 in 1998, the number of science and engineering (S&E) doctorates has dropped by 7 percent to just over 25,500 in 2001, reports a 2001 nationwide survey conducted for the National Science Foundation (NSF). The decline since 1998 has led to a rollback of total Ph.D.s to pre-1994 levels, the report states.
Cluster-based economic development has grown in popularity, but this has not always translated well for rural regions. Many rural areas do not possess the infrastructure necessary for many high-technology industries, and most areas face two major disadvantages — an inability to achieve economies of scale and possess or create a specialized division of labor; and the relocation of the labor force away from rural areas.
Many organizations are wondering if, when and how severe their budgets could be impacted by the economy and the continuing fiscal crises in the states. While foundation endowments also have taken a hit by the stock market slump, several are increasing their contributions in building local or statewide technology-based economies. Two recent examples highlight the trend and point toward a funding path few TBED efforts have fully tapped.
The National Science Foundation (NSF) plans to fund $9 million in new FY 2003 awards under the Partnerships for Innovation (PFI) Program, according to the program solicitation's recent release. To promote PFI, NSF will sponsor 15-25 partnerships among academe, government and the private sector that explore new approaches to innovation.
The purpose of the program, as defined in the PFI solicitation, is threefold: