The high tech economy of Massachusetts is emerging from the recent recession with its fundamental strengths in science, technology and entrepreneurship in good shape, according to the Executive Index of the Massachusetts Innovation Economy. Significant innovation in the state’s industries, however, is necessary to make up for the jobs lost since 2000, the index states.

Alaska Technology Councils To Merge

Massachusetts Governor Mitt Romney appointed Kathy Kottarodis to serve as the state’s first small business advocate. Kottarodis had been director of small business and entrepreneurship within the state’s office of business and technology.

Gov. Mitt Romney outlined a legislative package on Monday totaling $125 million designed to create more jobs. Many elements of the package target the science and technology communities.

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).

Many states and communities are focusing their limited technology-based economic development funds toward cluster development, concentrating on those sectors in which some assemblage already exists within the jurisdiction. Proponents of the approach suggest the public sector is able to maximize its investments in those areas already showing some strength.

Alaska Governor Frank Murkowski has named Edgar Blatchford, a journalism professor at the University of Alaska, to serve as commissioner for the Department of Community and Economic Development.

Harvard University President Lawrence Summers announced his resignation this afternoon. Former Harvard president Derek Bok is to serve as interim president for the university.

The Massachusetts Technology Council named Carol Meier as its new Executive Director, succeeding Katherine Raphaelson who is relocating to Washington D.C.

Columbus Tech Councils Merge

Massachusetts' high tech economy was hammered by the economic equivalent of a nor’easter throughout much of 2002, according to a report released by the Massachusetts Technology Collaborative (MTC). The Index of the Massachusetts Innovation Economy tracks nine industry clusters and 30 economic indicators and documents the declines experienced in the Massachusetts Innovation Economy, which is responsible for one quarter of all jobs in the state.

In an era of tight public budgets, sources of seed funding for early stage and developmental research projects with potential for commercialization is getting harder to come by. Many state initiatives to support these endeavors are subject to the same budget cuts as other areas, and small firms' interests in the federal Small Business Innovation Research (SBIR) program are increasing pressure for these already competitive grants.

While the 2002 election marked the return of Republican control of the U.S. Senate and the departure of a number of governors that had been strong supporters of investing in science and technology (e.g., John Engler of Michigan, Angus King of Maine, and Roy Barnes of Georgia), it may also mark the beginning point of a new group of governors that embrace technology-based economic development as a focal point of their administrations.

With more than 1,000 links to socio-economic data sources, EconData.Net provides a convenient and valuable starting point for gathering information to understand regional economies. Funded by the Economic Development Administration, EconData.Net is a 100 percent free website offering easy access to state and sub-state socio-economic data for practitioners, researchers, students and data users in general.

J.A. Hans Roeterink, chief technical officer and vice president of network operations for T-Systems in New York, is the new executive director of the Alaska Science & Technology Foundation. Roeterink begins Nov. 1, succeeding Jamie Kenworthy.

A Massachusetts Institute of Technology faculty committee has suggested that the university provide off-campus facilities to help faculty perform classified public service or research involving the nation’s security. In the Public Interest, a report of the Ad Hoc Faculty Committee on Access To and Disclosure of Scientific Information of MIT, presents recommendations for the university in handling classified work in the wake of the September 11 attacks.

Using patent filing and quality as a measure of innovation, “a dollar of venture capital appears to be about three times more potent in stimulating patenting than a dollar of traditional corporate R&D,” according to a July 2000 paper by Samuel Korton (Boston University) and Josh Lerner (Harvard University).

On April 19, the Massachusetts Supreme Judicial Court cleared the way for the Massachusetts Renewable Energy Trust Fund to begin operations with a unanimous ruling that the funding mechanism is constitutional.

President Clinton has announced his nomination of Dr. Mildred S. Dresselhaus to serve as Director of Energy Research at the Department of Energy. Dr. Dresselhaus is currently a professor in the Departments of Electrical Engineering and Computer Science and Physics at the Massachusetts Institute of Technology.