Two recent reports indicate the amount of venture capital financing increased in 1996, although the two reports differ on the amount of financing and the most active investors. Both surveys agreed that California and Massachusetts were the lead states in attracting venture capital.

The National Academy Foundation, a New York-based nonprofit organization, and President Clinton have announced the selection of 12 public high schools to pilot the Academy of Information Technology program. The program is intended to prepare predominantly at-risk high school students for careers in information technology fields. The program will provide a ninth-through-twelfth-grade curriculum with opportunities to partner with community colleges, universities, and businesses.

California Governor Gray Davis has appointed Joseph A. Raguso as Deputy Secretary for Strategic Technology for the Trade and Commerce Agency. Mr. Raguso currently serves as President and CEO for the San Diego Regional Technology Alliance (SDRTA), a position he has held since 1997. Mr. Raguso will begin serving in his new capacity on January 31.

Regardless of their potentially arbitrary nature, the political lines separating jurisdictions can wreak havoc on a region's ability to support innovation. Whether it's a boundary between two communities, two states or two countries, these imaginary lines define real rules of commerce (e.g. by the taxes levied, property values, etc.) as well as intangible concerns and perceptions.

The California Manufacturing Technology Center has begun a search process for qualified applicants to fill a number of economic development-oriented engineering positions. The CMTC seeks applicants with over eight years of hands-on manufacturing experience to: define and develop proposals, present to potential clients, perform and manage projects, and build a network of consultants.

Director, NASA Far West Regional Technology Transfer Center (FWRTTC), School of Engineering, University of Southern California

The mission of FWRTTC is to play a leading role in the commercialization of NASA technology, with the primary focus on technology developed in the three NASA field centers in its region; Ames Research Center, Jet Propulsion Laboratory, and Dryden Flight Research Center.

Milwaukee, St. Louis, and San Diego were named to receive a National Science Foundation (NSF) grant for developing system-wide reforms in K-12 science, mathematics, and technology education. The awards are part of NSF's Urban Systemic Initiative. The initiative supports science, math, and technology education reform in cities with the largest number of school-aged children living in poverty.

[Editor’s Note: The following discussion regarding the research’s relevance to state and regional TBED policy is SSTI’s. It will not be found in the working paper, nor do we mean to suggest these conclusions were drawn by professors Zucker and Darby.]

Keith Ridley was named manager of the Tennessee Valley Authority's (TVA) Valley Business Ventures, a new division created to increase jobs and capital investment in high-growth industries and in companies owned by women and minorities in the TVA region.

Job growth in information technology (IT) now exceeds the production of talent, according to a U.S. Department of Commerce's Office of Technology Policy (OTP) study, America's New Deficit: The Shortage of Information Technology Workers. A recent survey of mid- and large-size U.S. companies by the Information Technology Association of American (ITAA) concluded that there are about 190,000 unfilled IT jobs in the U.S. today due to a shortage of qualified workers.

As competition for leadership in stem cell research heats up across the nation, legal battles and the introduction of new legislation are becoming commonplace among many states. Following is a round-up of recent news on stem cell research legalities and legislation in several states.

NASA announced the award of cooperative agreements to establish new technology business incubators at three NASA Centers: the Goddard Space Flight Center (MD), the Langley Research Center (VA), and the Jet Propulsion Laboratory (JPL), combined with the Dryden Flight Research Center, (CA).

On June 25, Senators Bill Frist (R-TN) and Jay Rockefeller (D-WV) introduced a new bill, the Federal Research Investment Act (S. 2217). The purpose of the bill is to provide for the continuation of federal research investment in a fiscally sustainable way.

The State of Tennessee has created a private, not-for-profit corporation--- the Tennessee Technology Development Corporation---to stimulate economic development through Tennessee's science and technology resources.

The corporation's responsibilities include:

Bill Eads, the Tennessee governor's science and technology advisor, has announced his retirement.