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.

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.

Brian Vogt has been appointed director of Colorado's Office of Economic Development and International Trade.

With Randall Olson's resignation, Pat Dillon has become the executive director for Minnesota Project Innovation.

Joe May, president of Colorado's community college system, announced his retirement, effective in February.

Robert Olsen, the director of the Fitzsimons Redevelopment Authority, will become the head of the Economic Development Administration's regional office in Denver.

Leroy Williams has been named as the new technology secretary for the state of Colorado. Williams, previously the state's chief information officer, will manage the Governor's Office of Innovation and Technology.

Paul Ray has left his position as director of the Colorado Office of Life Sciences and Biotechnology.

Colorado Governor Bill Owens has appointed Tim Fritz as the director of the Office of Aerospace and Aeronautics.

Sandy Layman was named commissioner of the Iron Range Resources and Rehabilitation Agency (IRRRA) earlier this month. IRRRA promotes economic development in Northeastern Minnesota.

Marc Holtzman, Colorado's former science and technology advisor, is taking the position as president of Denver University.

The University of Minnesota Duluth Center for Economic Development has named Elaine Hansen as its new permanent director.

Minnesota Technology Inc. has hired Wayne Pletcher as its new president.

Governor Bill Owen has named Trip Carter as the state's first aerospace advocate, the state's latest effort to help the industry, which employs approximately 110,000 residents and has $4 billion in revenues. Only Florida, California and Texas have larger stakes in the aerospace industry. As a result, the state has undertaken several initiatives over the past two years to develop and promote the industry's health as it goes through a transition period.

Manufacturing jobs in rural Minnesota numbered almost 120,000 in 2000, a 25 percent increase since 1990, according to a recent study by the Center for Rural Policy and Development and Minnesota Technology Inc., two agencies dedicated to helping industry in Greater Minnesota.

Minnesota Technology, Inc. (MTI), the state's leading tech-based economic development corporation, currently is searching for a dynamic individual with top-notch skills to help bring federal technology transfer activities to Minnesota companies.

Colorado

Last week, David Allen began his tenure as Assistant Vice President for Technology Transfer at the University of Colorado. Allen was the Assistant Vice President for Technology Partnerships at the Ohio State University.

Minnesota Technology Inc. (MTI), the leading technology-based economic development organization in the state of Minnesota, is seeking a Deputy Director to serve as the right hand to the CEO. This critical position will be responsible for the following:

Minnesota Technology, Inc. seeks candidates to fill the position of Technology Transfer Specialist. The incumbent will help bring Federal Technology Transfer activities to Minnesota companies by developing partnerships with federal labs, identifying opportunities for tech transfer activities in Minnesota companies, and assisting companies with the development of proposals, agreements and licenses. 

Legislation to be reconciled by a conference committee of the Minnesota State Legislature next week includes language creating a $15 million fund to support industry-university research collaborations. The North Star Research Coalition, a non-profit, tax-exempt corporation, would be established by the Board of Regents of the University of Minnesota to administer the one-time appropriation. 

At the same time civic and corporate leaders around the country are calling for more high school students to pursue a college education, and specifically science, technology and math degrees, the student's share of the cost for higher education is climbing to record highs.

The State of Colorado is creating an office to recruit and assist space technology businesses, the Associated Press reported. Approximately $240,000 has been raised for the office, which will be led by a yet-to-be-named "Colorado space advocate." One fourth of the funds are provided by the state, with the balance received from the private sector.