With the announcement of the first 30 grants under the Federal and State Technology Partnership (FAST) less than two weeks old (see the October 5 issue of the Digest), the new federal program supporting state efforts to encourage small business technology development and commercialization is in danger of being cancelled.

"If technology is at the core of the Innovation Economy, then investment in research and development is one of the principal drivers in the creation of that technology."

After nearly ten years as the head of America's space program, NASA's longest-serving Administrator, Daniel S. Goldin, has announced his resignation, effective November 17, 2001. He also announced he has accepted an interim position as a Senior Fellow for the Council on Competitiveness in Washington D.C., as he transitions into the private sector.

If one were asked to identify localized examples of the economic spectacle that was the late 1990s, the metro region of Austin, Texas would be on most short lists. A recently completed economic development plan from the tech-soaked Austin suburb of Round Rock, however, reflects the fundamental upheaval or disruption that characterizes the economies of many regions of the country.

Richard Bendis, president and chief executive officer of the Kansas Technology Enterprise Corporation (KTEC), has accepted an offer to lead the newly created Innovation Philadelphia Corporation. Mr. Bendis has been involved with KTEC since the organization was created in 1987. He was appointed to the KTEC board of directors by the Governor and served as the board’s first chairman. Mr. Bendis served as interim president in 1994 before being named president in 1995.

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.

Alabama

A Letter from Bozeman, Montana

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. 

California 

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] ) 

Many states are now pursuing seed and venture investment strategies to support the growth of clean energy businesses. Last month, Pennsylvania concluded a year-long series of meetings with private sector investors, financial experts, and nonprofit state energy funds and introduced a $90 million strategy to leverage public and private capital for renewable energy. The plan links economic development and environmental protection in a manner intended to promote the state as a leader in emerging clean energy industries.

 

Earlier this month, representatives from the clean energy community in all 50 states met in St. Louis to address the growing need for alternatives to fossil fuels. Advancing Renewable Energy: An American Rural Renaissance, a national conference sponsored by the U.S. Departments of Agriculture (USDA) and Energy (DOE), hosted a range of discussions on the future of renewable energy technologies and President Bush's Advanced Energy Initiative.

 

Wind power is the fastest-growing method of renewable power generation in the U.S. This new attention is due to the fact that, over the past 20 years, the cost of harnessing wind for the production of electricity has fallen 90 percent. The relative affordability of wind power has made wind a prime target for investment by states looking to increase their energy independence and to reduce their contribution to global climate change. A recent study suggests there might be another justification for this investment.

During his keynote address at this month's renewable energy conference in St. Louis, President Bush informed attendees that the number of U.S. ethanol plants is expected to increase 40 percent in 2007. As the market for biofuels like ethanol grows, many states are creating plans to support businesses and research that can fill the current need for renewable alternatives at the pump. Among the states having taken steps to build a profitable alternative fuels industry and cleaner and safer highways are Michigan and Tennessee.

The Georgia Environment Facilities Authority (GEFA) has released the second draft of its State Energy Strategy for Georgia to encourage public discussion about the state's plan to develop an affordable and diverse energy supply. The plan calls for a thorough analysis of the states energy efficiency and renewable energy potential, as well as a statewide technology transfer program to support the commercialization of clean energy research at Oak Ridge National Laboratory and Georgia's research universities.

 

Clean Edge's annual report on clean technology trends was released earlier this year and includes valuable data for any state building a comprehensive plan to encourage alternative energy technologies. The research and publishing firm, which actively supports investment in clean energy technologies, predicts rapid growth in clean energy markets by 2015.

The two position opportunities described below were recently posted on the SSTI Job Corner. More information, including complete details on responsibilities, qualifications and application deadlines (when available), is available at http://www.ssti.org/posting.htm.

Last Tuesday's elections resulted in the selection of 11 new governors across the country, and could lead to important changes for TBED communities in many states. Six races resulted in a change of party affiliation in the top state position, including races in Arkansas, Colorado, Maryland, Massachusetts, New York and Ohio. All six governorships changed from Republican to Democratic administrations. This is the first time in 12 years that a majority of governors have been Democrats.