SSTI Job Corner
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Lawmakers Approve Funding for TBED Initiatives in State Budgets
Three states recently wrapped up their 2008 legislative sessions, resulting in the passage of operating and capital budgets for the upcoming fiscal year. State lawmakers approved funding for new and existing TBED initiatives aimed at diversifying the states' economies through increased investments in energy programs, higher education research initiatives and science, technology, engineering and mathematics (STEM) fields.
South Dakota
South Dakota Changes Tactics in the Battle for High-Tech Jobs
South Dakota recently announced it is reorganizing its programs to support entrepreneurs and high-tech start-ups. Instead of offering assistance to new firms through small, targeted programs, the state will reallocate the funding for these smaller programs into a larger fund with fewer restrictions on how that money can be spent. The change will allow the state greater leeway to assist expanding businesses, many of which were not eligible for the existing support programs.
People
Michael Relyea was named deputy executive director of the New York State Office of Science and Technology Academic Research.
People
Mel Ustad, current interim vice president for research at the University of South Dakota, is the new director of the state's first Office of Commercialization.
South Dakota Creates Office of Commercialization
To fulfill a goal within the state's 2010 Initiative of becoming a recognized leader in research and technology development, the South Dakota Department of Tourism and State Development will operate an Office of Commercialization under the direction of Mel Ustad, current Interim Vice President for Research at the University of South Dakota.
People
Jafar Karim is the new director of the Governor's Office of Economic Development in South Dakota.
People
The Center for Economic Growth has selected F. Michael Tucker as its new president and CEO. Tucker replaces Kelly Lovell, who left the position in December to become president and CEO of International Business Development Group.
New York Announces Rural Cluster Development Initiative
Implementing successful technology-based development initiatives in rural areas is an ongoing challenge for many parts of the country. Earlier this month, New York Gov. Elliot Spitzer signed legislation establishing a new program to stimulate employment and income growth by promoting cluster-based strategies in rural regions of the state. Sponsored by Sen. George H.
People & TBED Organizations
Jerome Mahone is the new director of Venture Creations, a business incubator at Rochester Institute of Technology.
ASME Seeks Project Manager
ASME is seeking a Project Manager responsible for the research, planning, launch and growth of strategic initiatives in the areas of industry relations/corporate services and young engineers. The individual will play a key role in the project management of strategic initiatives to help meet the priority objectives of the ASME Board of Governors.
Iowa Charts 10-year, $302M Biosciences Plan
A recent study completed for Iowa calls for continued investment in the biosciences - a 10-year, $302 million plan - to grow the industry and to create new job opportunities for the state.
South Dakota Dedicates $2.8M to University Research Centers
Gov. Mike Rounds announced last week the creation of four new specialized research centers at the state's public universities. The $2.8 million in awards mark South Dakota's first foray into using university-based research investments as a tool to grow the state's economy, the governor said.
The four 2010 Research Centers are:
New York CATs to Keep State Competitive after Decennial Re-compete
One of the recurring issues in many states for financing centers as part of their tech-based economic development portfolio is whether or not the organizations resulting from the multi-year, multimillion grants should become financially self sufficient at the end of the grant term.
People
Gov. Mike Rounds announced Steve Zellmer will replace Dave Snyder, who resigned his position as board member for the South Dakota Science and Technology Authority. Zellmer previously served as Commissioner, Bureau of Finance and Management and Secretary of Revenue in Pierre.
People
Mark Benedetto, president of the University of Sioux Falls, has been elected chairman of the Sioux Falls Area Chamber of Commerce.
People
The South Dakota School of Mines and Technology has named Dr. Gautam Pillay to the new position of vice president for research. Pillay was executive director of the Inland Northwest Research Alliance.
People
The Piedmont Triad Entrepreneurial Network recently selected Lisa Blakely, a former Bank of America executive, as its CEO.
People
Merideth Andreucci has succeeded Michael Wilton as president of the USA Niagara Development Corp. Wilton was nominated by Governor George Pataki to serve as President of the New York State Higher Education Services Corp.
Chip Wars, Part II?
State Partnership with Texas Instrument Yields $3B Investment
From the outsider's perspective, it could be analogous to a world wrestling prize fight, except the punches and stakes are real. Two big, proud states wrestling for dominance in one lucrative industry — semiconductors.
People and Organizational News
New York Ecomm has changes its name to The Executive Council of New York to better reflect the organization's broader membership and program offerings.
ISU's Research Park Provides Economic Boon to Iowa
A recent study by Iowa State University researcher David Swenson suggests the ISU Research Park's substantial and diverse economic activity bolsters Iowa's economy. Focusing on current tenants, Swenson's research shows that the park links directly to almost $88 million in total industrial output. Businesses that provide goods and services to park customers and employees are said to generate an additional $46.3 million in economic activity.
SBIC Bill Could Have $200M Impact on VC Availability
U.S. Senator Olympia Snow (R-Maine) recently introduced a bill to boost the flow of venture capital to small businesses by allowing tax-exempt entities, such as pension funds and university endowment funds, to invest in Small Business Investment Companies (SBIC) without incurring unrelated business taxable income.
People
South Dakota Governor Mike Rounds announced Friday that John Calvin has been named Secretary for the Department of Tourism and State Development. The newly formed department combines the Governor’s Office of Economic Development, Department of Tourism, Office of Tribal Relations, Division of Cultural Affairs, and the South Dakota Housing Development Authority.
$50M Biotech Initiative Proposed for Iowa
Governor Tom Vilsack has announced a plan to invest $50 million into the creation of a life sciences initiative to help establish Iowa as a leader in the life sciences. Developed with the Regents Universities, Iowa Business Council and leaders in Iowa's biotechnology industry, the biotech plan's success hinges on a three-part strategy: