North Dakota Surplus Prompts Additional Spending for TBED Initiatives
Useful Stats: Job Churning at Businesses with Fewer than Ten Employees by State, 2005
The U.S. Census Bureau has released a new data series tracking employment changes at the establishment level. This data allows users to track the expansion and contraction of employment within existing businesses and creation and destruction of jobs through the birth and death of firms. In addition, the Census Bureau has broken down the data by firm size, age, sector and state.
Governor Proposes $20.5M in Lottery Funds for Continuing Oregon Innovation Efforts
Gov. Ted Kulongoski unveiled his fiscal year 2009-11 recommended budget this week, highlighting the need for targeted investments in nanoscience, manufacturing, and renewable energy research based on recommendations developed by the Oregon Innovation Council.
SSTI's TBED Hall of Success goes LIVE!
Due to overwhelming interest, SSTI's first poster session, held at SSTI's 12th Annual Conference in Cleveland mid October, is now available online 24 hours a day - 7 days a week. You can view more than 35 posters celebrating why states, regions, universities and related organizations engage in technology-based economic development (TBED).
Annual Economic Impact of Biotechnology Exceeds $45 Billion in North Carolina
North Carolina's $1.2 billion dollar investment in bioscience over the past decade has helped to build a $45 billion dollar a year industry in the state, according to a new study released by the North Carolina Biotechnology Center. The report finds that North Carolina's bioscience employment numbers have grown 18.5 percent since 2001, the fastest in the nation.
Winners of i6 Challenge and Cluster Mapping Project Announced
Six teams were selected as winners of the i6 Challenge, a new innovation competition led by the U.S. Department of Commerce's Economic Development Administration (EDA), in partnership with the National Institutes of Health (NIH) and the National Science Foundation (NSF). The i6 Challenge seeks to identify and support the nation's best ideas for technology commercialization and entrepreneurship in six different regions of the country. The winning team from each region will receive $1 million from EDA to support their project and may be eligible for additional awards from NIH and NSF.
SBA Selects 10 Regional Efforts for Cluster
The Small Business Administration (SBA) announced the selection of 10 regional economic development and job creation efforts through a new pilot program, Innovative Economies, that supports small business participation in regional economic clusters. SBA's funding is designed to expand the opportunities and the role small businesses play in these regional collaborations. The awardees were selected from among 173 applicants. Awards went to organizations in: Alabama, California, Connecticut, Illinois, Michigan, Minnesota, Mississippi, North Carolina, Ohio and South Carolina.
SSTI Special Election Series: Governors Races 2010
With 37 governorships up for election in 2010, one thing is certain: Transitions in state and local economies are on the horizon. In a special series leading up to the November elections, SSTI is tracking news, reports, and analysis from the gubernatorial candidates to report on the most pressing issues for the tech-based economic development community. Over the next several weeks, we'll highlight announcements and campaign platforms from select states across the U.S. The first installment includes competing jobs plans in Iowa unveiled by incumbent Gov.
Michigan's Programs Having Significant Impact
Since 2006, Michigan's economic development programs designed to transition its economy from the traditional manufacturing-based economy to an economy driven by clusters of innovative manufacturers and service providershave led to more than 24,407 direct and indirect jobs created or retained, the creation of approximately 1,500 new companies and almost 900 patents.
U.S. Entrepreneurial Performance Remains Strong
The United States finished third out of 71 countries in entrepreneurship on the Global Entrepreneurship and Development Index (GEDI) according to a report commissioned by the SBA's Office of Advocacy. Denmark and Canada, respectively, were first and second due to strong scores across the three sub-indexes (i.e., Attitude, Activities, Aspirations). ). The U.S. finished first in the entrepreneurial aspiration sub-index but lagged behind in entrepreneurial attitude (6th) and activities (8th). The authors —Zoltan J.
White House Challenges to Entrepreneurs, Innovators and Citizen Solvers to tackle Nation's Tough Issues
In an attempt to solve the nation's challenges, the Obama administration recently launched challenge.gov. Challenge.gov — a prize platform that cultivates social problem solving — provides Americans with the opportunity to participate in federal government challenges. For their efforts, entrepreneurs, innovators and citizen solvers will be rewarded with prizes and recognition for solving tough problems. In the future, the site will promote and publish challenges from all the federal agencies.
Job Corner
The Baton Rouge Area Chamber seeks an executive director for its Regional Innovation Organization (RIO). The desired candidate will be a dynamic, visionary, and entrepreneurial leader who will launch a new regional acceleration entity that will lead entrepreneurial development in the Baton Rouge area. The individual will have direct responsibility for developing programming and capacity to support best-in-class business acceleration services that prepare companies for rapid growth in the region.
TBED People
Neal Wade will resign his position as director of the Alabama Development Office in November and has been named senior vice president of economic development for St. Joe, one of Florida's largest real estate development companies.
Arkansas Task Force Recommends State Investments in Tech Companies, Co-locating Economic Development Agencies
Venture Funding Remains Strong in Third Quarter Despite Ominous Signs
Venture capitalists invested $7.1 billion in companies during the third quarter of 2008, according to the latest Moneytree survey from PricewaterhouseCoopers and the National Venture Capital Association (NVCA). Though this figure represents a nine percent decline from the same period last year, investment levels still show little evidence of the current drought in venture-backed exits.
Universities Perform more than One-Third of Canadian R&D, Thirteen Percent of U.S. R&D
Universities in Canada are a major component of the country's science and technology ecosystem, and as gauged by funding, they performed 36 percent of Canada's R&D activities in 2007. In the U.S. comparatively, universities accounted for 13 percent of the R&D performed in the country.
Useful Stats: R&D Performed by Industry within U.S., Per State, 2002-2006
Federal TBED Funding and Programs Could Expand under Obama Administration
After two years of campaigning, President-elect Barack Obama has begun shaping the agenda for his coming administration. Though nothing is certain at this point, throughout his campaign, President-elect Obama reiterated his support for TBED-related initiatives and plans to increase funding for research and innovation.
Several Statewide TBED Issues Win Voter Approval
The outcome of Tuesday's election resulted in several wins and some defeats for TBED among the more than 150 ballot measures presented to voters across the nation. Outlined below are the unofficial election results of select ballot measures from each state's respective election office and local media reports as of Wednesday, Nov. 5.
Elected Governors Stress Importance of TBED and Economic Development
Dems Pick up Five State Legislative Chambers; GOP Picks up Four
Election Preview: Voters to Decide on Statewide TBED Issues
While the Presidential election takes center stage on November 4, voters in several states also will cast their votes on statewide ballot issues affecting the TBED community. In addition to the 11 gubernatorial races and more than 5,800 state legislative seats up for grabs, voters across the nation will consider measures to provide funding for public education, expand investment in alternative and renewable energy, lift restrictions on stem-cell research, and eliminate income tax and state spending caps.
Useful Stats: Funding Provided by NIH Grants per State, 2002-2006
In the 2002 report Signs of Life: The Growth of Biotechnology Centers in the U.S., Joseph Cortright and Heike Mayer suggested it would take more than a decade for biotech investment strategies to yield fruit - as measured by NIH funding and biocommercialization efforts.
TBED People
Southern Growth hired Ted Abernathy, Jr., former Executive Vice President & COO of the Research Triangle Regional Partnership, to serve as its Executive Director, filling the vacancy created by Jim Clinton's resignation in September.
Federal Officials, Governors, State Policymakers Share TBED Insight at SSTI Conference
SSTI's 14th Annual Conference agenda features some of the most relevant topics designed to help your efforts to support regional innovation, and this year we're going straight to the top to find out what federal officials, governors, and state policymakers envision on the road ahead for tech-based economic development. Brian McGowan, a senior Economic Development Administration official, will kick off the conference on Tuesday, Sept.