Technology-focused incubators are an important component to fostering entrepreneurial development in a region by nurturing businesses in the earliest stages of development and helping them grow into larger companies that employ high-wage workers and bring new technologies to the market. The following select announcements provide an overview of new incubators from across the nation, illustrating the vital role of entrepreneurial development in growing high-tech regional economies.

The demand for highly qualified talent in Massachusetts' bioscience industry will add more than 10,000 life sciences workers to the state's workforce by 2014, according to a recent report prepared by the University of Massachusetts Donahue Institute.

Foreign-born and ethnic workers continue to rapidly grow in their importance to the U.S. innovation economy, according to two recent studies that address this issue by examining the links between these groups and patenting activity.

According to figures released last week by the Bureau of Economic Analysis (BEA), 85 percent of the nation's 363 metro areas experienced growth in real GDP from 2005 to 2006. For the U.S. metro areas as a whole, the aggregate GDP in current dollars was $11.79 trillion in 2006 - about 90 percent of the U.S. GDP.

John Hindman announced his resignation as secretary of the Kentucky Cabinet for Economic Development.

Governor Rick Perry recently announced Alan Kirchhoff of Austin has been promoted to director of Texas Emerging Technology Fund (TETF). Kirchhoff replaces longtime Perry advisor and former TETF director Mark Ellison, who left the Governor's Office to become associate vice chancellor of economic development for the Texas A&M University System beginning Oct. 1, 2008.

This week, Congress passed H.R. 1541, a continuing resolution that extends the SBIR program in its current state until July 31, 2009. The extension provides another four-month window for the two chambers to develop a compromise toward full reauthorization. 

Many agencies may see Congress passing their annual appropriations bill six months into the fiscal year as worth the wait, given the increases most science, technology and economic development supporting programs experienced. While some budget bump ups are modest, accommodating little more than inflation and Congressional earmarks, others should result in more grants flowing to researchers, universities, small businsses, and TBED organizations.

The enacted budget funds the Department of Agriculture (USDA) at $106 billion for FY09, with increases over FY08 funding for several programs related to TBED. Most of the USDA appropriation, $86.6 billion, is reserved for mandatory spending programs such as food and nutrition assistance and farm commodity programs.

The FY09 enacted budget provides $9.3 billion for the Department of Commerce, up $1.6 billion over FY08. Much of this additional funding will support the 2010 U.S. Census and not TBED-related and research activities.

The FY09 enacted budget provides $9.3 billion for the Department of Commerce, up $1.6 billion over FY08. Much of this additional funding will support the 2010 U.S. Census and not TBED-related and research activities.

The enacted FY09 Appropriations bill authorizes $512 billion for the Department of Defense (DoD) base as well as $66 billion for operations in Iraq and Afghanistan. The Defense Advance Research Projects Agency (DARPA) received $3.1 billion, an increase from the 2008 appropriation of $2.95 billion.

The Department of Education's FY09 total budget appropriation is $66.5 billion.

The FY09 education budget includes specialized funding toward a few K-12 math and science programs:

The FY09 budget provides $27 billion for the Department of Energy (DOE), a nine percent increase over the FY08 enactment.

The Department of Homeland Security (DHS) was one of three federal agencies whose budget was enacted in September 2008. Since the department's funding was finalized last year, only minimal funding is provided in the current bill.

The FY09 enacted budget includes $38.6 billion for the Department of Housing and Urban Development, a $3 billion increase over the 2008 appropriation. The Office of Policy Development and Research (PD&R) received $18.1 million for personnel compensation and benefits.

The FY09 omnibus awards $15.3 billion to the Department of Labor, a 4.1 percent increase over the previous fiscal year.

The FY 2009 Department of Transportation's (DOT) total budgetary resources are $67.2 billion. Funding for the NextGen technology is more than doubled, providing $688 million for the transformation from radar-based to satellite-based air traffic systems to help meet the nation's rapidly growing demand for air travel.

The FY09 enacted budget provides $1.16 billion for the Treasury Department, not including the IRS. Though the overall appropriation for the department dropped, TBED-related funding increased.

The Environmental Protection Agency (EPA), received $7.6 billion in FY09, $174 million above the 2008 appropriation. Science and Technology activities, including research and development activities, are funded at $790 million in FY09, $30 million above the FY08 appropriation.

NASA received $17.8 billion in FY09, a 2.2 percent increase from the previous fiscal year's amount of $17.2 billion. It is distributed as follows:

In FY09, the National Science Foundation received $6.49 billion, a 5.9 percent increase of $363 million over FY08. More than three-fourths of the total supports non-defense research and related activities, 13 percent will be for education and human resources, and 2.3 percent of the total is for major research equipment and facilities construction.

Several regional commissions and authorities receive annual federal appropriations for economic improvement activities within specific geographic regions, including the Appalachian Regional Commission, Delta Regional Authority and Denali Commission.

The enacted budget sets funding for the Small Business Administration (SBA) at $546.6 million for FY09, excluding funds for the disaster loan program. Most of SBA's capital programs and its contracting and counseling programs have had their appropriations boosted above FY08 levels.

For many states facing a challenging budget year, level funding for science and technology is welcome news to the tech-based economic development (TBED) community. With the passage of the American Recovery and Reinvestment Act earlier this year, governors are seeking solutions to stimulate their respective states' economies through new and expanded programs within specific priority areas.

Last week, the U.S. Department of Treasury released the details of its plan to award $100 million in grants to community-based financial institutions. These funds, along with an additional $3 billion in tax credit authority, were allocated to Treasury programs by the American Recovery and Reinvestment Act (ARRA) last month.