The Australian Government has enacted new rules to attract international private equity investment in the country’s venture capital community. The rules introduce tax concessions for international investors, including university endowment funds and venture capital fund-to-fund vehicles. The rules will treat these investors in the same way as pension funds, exempting them from capital gains tax on their Australian investments.
The National Science Foundation has launched the new, online Industrial Research and Development Information System (IRIS) to provide easy access to information on industrial R&D performance across a broad range of years and criteria.
A Letter from Bozeman, Montana
Location-based tax incentives to encourage the clustering of technology companies in distressed areas or around research universities has grown in popularity since Michigan's smart zones were created several years ago.
Securing the multi-year funding needed to properly ramp up technology-based economic development (TBED) initiatives can be difficult in states with annual budget cycles and tight revenue streams. Fortunately, there is one federal agency that provides financial assistance increasingly toward local and regional projects matching the interests of the nation's TBED community.
As part of a new initiative to address pressing ethical, legal and social questions raised by recent advances in genetic and genomic research, the National Human Genome Research Institute (NHGRI) has awarded approximately $20 million in grants to fund interdisciplinary centers within universities around the country over the next five years. NHGRI is one of the National Institutes of Health (NIH).
The need for programs to encourage science, math and technology education (SMET) among most minority groups becomes evident when one consider the nation’s need for a high skilled workforce, the growing portion of the total population divided among minority groups, and the low percentage most minorities represent of science and engineering professionals.
Measured over a three-year period, minority women-owned businesses had similar survival rates and employment growth compared to all women-owned firms, according to a recent series of federal reports. However, when measured against other minority women-owned firms, African American women-owned businesses showed greater job loss and lower survival rates.
Real median household income remained unchanged between 2002 and 2003 at $43,318, according to a report released last week by the U.S. Census Bureau. The report, Income, Poverty, and Health Insurance Coverage in the United States: 2003, includes data collected from the 2004 Annual Social and Economic Supplement to the Current Population Survey.
Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP), a nonprofit economic development organization based in Philadelphia, seeks someone to serve as director of its investment and entrepreneurial services. Established in 1982, BFTP exists to stimulate economic growth through innovation, entrepreneurship and the development and adoption of new technologies.
The discounts ending this week on registration and accommodations for SSTI's annual conference will pay for much, if not all, of your round trip airfare to Philadelphia, so we encourage you to act soon on both. Or you can use the savings toward having one of your colleagues attend as well!
The European Commission's 2001 European Innovation Scoreboard, characterizing the strengths and weaknesses in the capacity for innovation of the European Union (EU) and its member states, shows the EU continues to lag behind the U.S. and Japan.
The Biotechnology Industry Organization (BIO) released State Government Initiatives in Biotechnology 2001, the results of the first comprehensive survey of state government efforts to attract and grow the biotechnology industry. The report, prepared by Battelle Memorial Institute and the State Science and Technology Institute (SSTI), contains information from 48 states and shows state governments becoming increasingly active in recruiting and supporting biotechnology companies.
Nearly $43 million in grants were awarded October 1 to 74 non-profit organizations, including state and local governments, by the Commerce Department’s National Telecommunications and Information Administration (NTIA).
As Congress and the Bush Administration look at national economic stimulus packages, debate is beginning in some states to enact similar measures to reverse the direction of their local economies. Various tax cuts for businesses invariably are included in the states’ discussions.
A Rhode Island Economic Strategy: 10 Ways to Succeed Without Losing Our Soul recently was released by the Rhode Island Economic Policy Council. The report outlines 10 economic development initiatives through four themes centered on places, people, clusters and connections.
SSTI's fifth annual conference, Creating Opportunity: Tools for Building Tech-based Economies, will take place December 3-4, 2001, at the Omni William Penn in Pittsburgh, Pennsylvania. The conference agenda remains intact from the original mid-September dates with almost all speakers reconfirmed. (see the conference agenda on SSTI's webpage: http://www.ssti.org/Conf01/agenda.htm [expired] )
Gov. Don Sundquist has named Tony Grande to be the new Commissioner of the Tennessee Department of Economic and Community Development (ECD). Mr. Grande formerly was ECD Deputy Commissioner as well as its Assistant Commissioner of Tennessee business services and director of manufacturing services.
Gov. Don Sundquist has named Tony Grande to be the new Commissioner of the Tennessee Department of Economic and Community Development (ECD). Mr. Grande formerly was ECD Deputy Commissioner as well as its Assistant Commissioner of Tennessee business services and director of manufacturing services.
Marianne Hudson is leaving her position as Vice President - Marketing & Communications with the Mid-America Manufacturing Technology Center to become a program manager at the Kauffman Center for Entrepreneurial Leadership.
Bruce Johnson is the new Director of the Ohio Department of Development. Mr. Johnson formerly served in the Ohio Senate.
Senate nomination hearings were held this week for John Marburger, President Bush's nominee for Director of the Office of Science and Technology Policy, and Phillip J. Bond, nominee for the position of Undersecretary of Technology for the Department of Commerce.
Gov. Ronnie Musgrove is appointing Robert J. Rohrlack, Jr. as the new Director of the Mississippi Development Authority. Mr. Rohrlack is currently the Chief Executive for the Alliance for Economic Development in Gainesville, Florida.