Innovation Philadelphia, a public-private partnership, the Greater Philadelphia Chamber of Commerce, and the city of Philadelphia have developed a road map that identifies the future drivers of the Greater Philadelphia economy and provides a framework for developing these drivers.
San Pablo, CA, College to Use $2.1M EDA Grant to Build Biotech Incubator
Stephen Jeffery has been appointed the new president/executive director of the Technology Association of Georgia.
Sandy Layman was named commissioner of the Iron Range Resources and Rehabilitation Agency (IRRRA) earlier this month. IRRRA promotes economic development in Northeastern Minnesota.
To develop and promote higher education research facilities and faculty in Virginia, Gov. Mark Warner proposed $218.8 million in his fiscal year 2006-08 biennial budget proposal for investment in university R&D. In response, state institutions of higher education have pledged to match the governor's proposal with a $299 million commitment.
Nearly 40,000 people in 120 countries have placed deposits with the British commercial space company for the opportunity to become tourists in space, according to Virgin Galactic. Last Tuesday, New Mexico's governor said he wants the state to spend $100 million over the next three years to help get them there.
Following months of debate that ended in a veto last month by Gov. Jennifer Granholm, an agreement was made last week on a $600 million tax relief package for businesses, which now awaits the governor's anticipated signature. Gov.
One of the most critical federal partners involved either directly or indirectly in determining the success of most state tech-based economic development strategies seeks input from the science and engineering (S&E) community in the development of its next five-year plan.
On paper, the Jan. 4 FedEx Rose Bowl, which pits the Universities of Texas and Southern California against each other, will decide college football's national champion.
Most of the media coverage for the MoneyTree™ Survey of venture capital investments, prepared quarterly through collaboration of PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association, focuses on the amount of money invested in a particular state or region during the given period and its change relative to another given time period.
With the upcoming two Monday holidays for Christmas and New Year's Day, the next issue of the SSTI Weekly Digest will be published on Jan. 9, 2006. The Funding Supplement will reconvene publication the week of Jan. 9 as well.
The Army last week announced the creation of a $25 million Venture Capital Initiative (VCI) to satisfy a critical Army technology requirement — obtaining lighter, more efficient power sources for individual soldier systems.
A 19-year veteran of the technology-based economic development field has co-authored a guide that outlines strategies for growth in the knowledge-based economy. The Keys to Growth in the New Economy:Investing in Discovery, Engineering, and Entrepreneurship draws on the experiences of John Ahlen, who has led the Arkansas Science and Technology Authority (ASTA) since 1984. The report is co-authored by Mark Diggs, Chairman and CEO of Maryland-based Ontology Works, Inc.
Royalties on product sales from technology developed by Canadian and U.S. academic research institutions jumped to $845 million in 2001, up 12 percent from the previous year, according to the AUTM Licensing Survey: FY 2001. Gross licensing income received from licenses and options, however, declined from $1.26 billion in FY 2000 to only $1.071 billion in FY 2001 as 7 percent fewer new licenses and options were executed.
Initial public offerings (IPOs), the darlings of the dot-com boom, would be put on the endangered species list if they were a plant or animal — based on how few have been seen in the past year. Investor sentiment toward IPOs has been almost as negative since the bubble burst as the IT hype was positive before. But is the aversion to IPOs warranted? Have IPOs really become more risky than they were in years past?
Congress begins consideration of the Economic Development Administration (EDA) reauthorization legislation, which continues to include several initiatives to promote tech-based economic development. With the current authorization due to expire on September 30, 2003, the new legislation would authorize EDA's operations for five more years, beginning in FY 2004 and extending to FY 2008. The Administration's proposal includes $331.03 million for assistance programs and planning grants.
Within two years, Indiana's agency for promoting economic development will become a quasi public-private partnership similar in concept to the Michigan Economic Development Corporation.
While in Minnesota, an agreement that resolved the budget impasse gives the state's lead science and tech organization a 12-month timeline to fully privatize from the state's support.
Gov. Jon Huntsman Jr. released last week his fiscal year 2007 budget request, providing a substantial boost in funding for the Utah Science, Technology and Research (USTAR) Initiative. In FY 2005, the legislature appropriated $4 million to fund the initial phase of the initiative. This year, the governor is recommending $62 million for infrastructure and programs.
Over the last 15 years, few states have been as focused on investing in higher education to encourage sustainable economic prosperity as Georgia. At SSTI's 9th Annual Conference on Oct. 19-21, 2005, presenters made the case that the southern state is a national leader in American higher education.
An increasing number of states are realizing the potential role renewable energy can play in their tech-based economic development strategies (TBED) and future growth.
Britain’s Pre Budget Report 2005, released Dec. 5, calls for the United Kingdom to double spending for stem cell research to £100M within the next two years and launch a number of new initiatives to sustain innovation and science.
In China, leaders of the rapidly growing nation dogged by soaring energy needs and unrelenting pollution problems made a commitment to double the nation’s use of renewable energy resources within the next 15 years.
Tuition at South Carolina's four-year public institutions increased by 106 percent over the five-year period, 1999-2004, the highest such increase in the nation, according to the Department of Education's National Center for Education Statistics (NCES).
A bill that includes $20 billion for state fiscal relief was to be voted on by U.S. senators Thursday, according to the Federal Funds Information for States (FFIS), a joint subscription service of the National Governors' Association and the National Conference of State Legislatures.
Whether it is oil, gas, logging or fishing, only one other state in the nation, Alaska, is as dependent on natural resource extraction as Wyoming. Using tech-based economic development to diminish the impact of the boom and bust cycles experienced by all "colonial" economies to diversify the state's economy has been one of the goals of Alaska's gubernatorial leaders since 1988, with the creation and continuation of the Alaska Science and Technology Foundation (ASTF).
The continuous decline of venture capital investing persisted in the First Quarter 2003 with total investments of $3.8 billion, down from the prior quarter of $4.3 billion, according to the latest PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree™ Survey. A total of 623 companies received funding in the first quarter compared to 726 companies in the fourth quarter of last year.