The creation and subsidization of CAPCOs, certified capital corporations intended to encourage venture capital (VC) investment, is one of the more controversial policies some states have adopted to encourage the growth of tech-based economies. With substantial revisions to Colorado's short CAPCO experiment this month, questions are raised once again for other states that either have passed or are considering various approaches to increasing the availability of risk capital for new tech firms.

Legislators in Utah have passed a constitutional amendment that, with approval by voters, would allow the state's universities to take ownership in private businesses in exchange for intellectual property. The proposed amendment cleared the Utah State Legislature with relative ease, despite some concerns it will thwart the incentive of researchers wanting to commercialize their results.

With the goal of encouraging interdisciplinary and collaborative research, the Research Business Models Subcommittee of the National Science and Technology Council (NSTC) has issued a list of initiatives to improve management of academic research grants made by various agencies of the federal government. The recommendations are also expected to result in greater consistency across agencies in award policies and reporting requirements.

With contributions of nearly $64 billion annually to the gross state product, manufacturing remains the largest of all industry sectors in Pennsylvania, according to a new report sponsored by the Team Pennsylvania Foundation. Data released by the nonprofit public-private partnership documents the role of manufacturing in Pennsylvania and analyzes the forces shaping the future of the industry.

The Massachusetts Technology Collaborative (MTC) announces the creation of the Innovation Systems Division and a unique economic development initiative, the John Adams Innovation Institute, a vehicle for the state to make strategic investments in its knowledge economy.

George Bald, Commissioner of the New Hampshire Department of Resources and Economic Development, has announced his resignation to become executive director of the Pease Development Authority.

George Bald, Commissioner of the New Hampshire Department of Resources and Economic Development, has announced his resignation to become executive director of the Pease Development Authority.

Janice Bourque, president and chief executive officer of the Massachusetts Biotechnology Council, plans to step down once a replacement has been found.

Cynthia Helphingstine is the new vice president for business development for Inproteo (formerly the Indiana Proteomics Consortium).

Andrea Lohneiss, community development director for Riverhead, N.Y., is leaving to become Suffolk County's commissioner of economic development.

The Georgia Department of Industry, Trade and Tourism, in partnership with the University System of Georgia, has appointed Page Siplon and Michael Hale as directors of the Maritime Logistics Innovation Center and the Middle Georgia Innovation Center for Aircraft Lifecycle Support, respectively.

SSTI welcomes Rhiannon Mehring to its staff as a research associate.

Doros Platika is the new chief executive officer for the Pittsburgh Life Sciences Greenhouse.

Sherrie Priesche, the science and technology advisor to New Jersey Governor James McGreevey, has been appointed as the new executive director for the New Jersey Commission on Science and Technology.

James Roberson, president of the Research Triangle Foundation for the past 16 years, is retiring at the end of May.

George Swift is the first executive director for the new Southwest Louisiana Partnership for Economic Development.

The University of Vermont announced that Janice St. Onge has joined the Vermont Business Center as the director of business education.

Kay Wade is the new president of the Oklahoma Professional Economic Development Council. Ms. Wade retains her position as director of the Center for Business Development at the Meridian Technology Center.

The Wright Center for Innovation for Advanced Data Management and Analysis named Charles Walsh as its first president.

The lack of encouraging news in the culminating report from the National Science Board’s (NSB) three-year study of America’s science and engineering (S&E) workforce is offset only by the urgent call to recognize and counter increased global competition and disturbing demographic trends and projections.

The Science and Engineering Workforce: Realizing America’s Potential concludes:

A $100 million initiative announced last week by the Lilly Endowment Inc. will help Indiana's colleges and universities attract and retain more faculty and students. The Lilly Endowment, a private philanthropic foundation based in Indianapolis, supports community, educational and religious causes.

Addressing a joint session of Rhode Island's General Assembly, Gov. Don Carcieri unveiled last week a fiscal year 2005 budget that includes funding for several technology-based economic development (TBED) initiatives.

Preliminary findings from an annual survey conducted by the National League of Cities (NLC) reveal economic and fiscal conditions are worsening in many of America's cities and towns. A large segment of those surveyed by NLC also reported improvements in areas such as the vitality of their downtowns, increased efficiency in service delivery, and preparedness for emergencies and homeland security.

The need for tax cuts, reduced and simplified regulations, a well-trained workforce, lower employee health care costs, and a state-sponsored industry advocate are among the top concerns shared by a core group of Minnesota manufacturers.

When this year's high school freshmen receive their diplomas in four years, it will mark the largest and most competitive graduating class ever, according to a new study. Released by the Western Interstate Commission for Higher Education (WICHE), ACT Inc. and the College Board, the study projects the number of high school graduates will peak in 2008-09 at 3.2 million.