Fed Considers Connection between Universities, Economic Growth
It won’t come to any surprise to Digest readers that there’s a connection between universities and economic prosperity. In addition to educating students and advancing science and technological innovation, the localized economic impact of institutions, alone, provides a buffer to economic swings for many mid-sized and smaller cities and college towns. How best to incorporate universities into regional tech-based economic development strategies without compromising core missions is an art not every community has mastered.
Illinois Governor Proposes $100M to Improve Capital Access
In his recent combined State of the State and budget address on March 7, Illinois Gov. Rod Blagojevich proposed the formation of the Illinois Community Assets Fund (ICAF), a $100 million venture designed to increase access to capital and financing to economically distressed communities and populations that have had inadequate access to mainstream capital markets within the state. The assets of ICAF would be contained within the State Treasury, and the Illinois Department of Commerce and Economic Opportunity (DCEO) would administer the fund.
No Digest Next Week
The SSTI Offices will be closed Wednesday, October 6 - Monday, October 11 due to the SSTI conference and in observance of the Columbus Day holiday.
Due to SSTI’s 3rd Annual Conference next week, the SSTI Weekly Digest will not be published on October 8.
People
Rose-Hulman Ventures President Jim Eifert and Executive Vice President Brij Khorana resigned their positions to return to faculty duties at the Rose-Hulman Institute of Technology.
Tech Talkin' Govs 2005, Part Three
The first two installments of SSTI's annual look at how TBED will play in the 2005 legislative priorities of the governors can be found in the Digest archives on our website: http://www.ssti.org/Digest/digest.htm
Indiana
People & TBED Organizations
William Stephan has been appointed vice president of engagement for Indiana University, a new position aimed at furthing economic development and related outcomes.
People
The Louisiana Emerging Technologies Center announced Arthur Cooper will serve as its first executive director.
People
Don Hutchinson is the new director of the Mayor's Office of Economic Development for the city of New Orleans.
People
Jay Tieber is the new president of the National Association of Seed and Venture Funds.
People
The Purdue Research Foundation has appointed Robert J. Wichlinski as executive director of the new Purdue Technology Center of Northwest Indiana and Kathy DeGuilio-Fox as the center’s business development manager.
People
Indiana Gov. Joe Kernan has named David Dorff as the state's first director for the new Office of Small Business Advocacy.
People
Louisiana Gov. Kathleen Blanco has appointed Michael Olivier to serve as Secretary of Louisiana Economic Development. Olivier was president and CEO of the Harrison County Development Commission in Gulfport, Miss., for 17 years.
Louisiana Tech Fund Gets $2.3M for Startups
Two years following its creation, the Louisiana Technology Fund has $2.3 million to help the early-stage technology companies for which it was intended, the Baton Rouge-based Advocate reported earlier this month. The fund stems from 2002 legislation that revived Louisiana's Certified Capital Companies (CAPCOs) program.
Website, Reports Stress Importance of States' Fuel Cell Incentives
While the federal government supports fuel cell research, nearly every state across the country has taken a more active role in advancing the development and commercialization of fuel cell and renewable energy technologies, according to two recent reports from the North Carolina State University Solar Center. A web-based directory of more than 875 state and federal initiatives managed by the center helps prove that point.
People
The Board of Directors of BioCrossroads, Indiana's life sciences initiative, announced David Johnson would succeed Charles Schalliol as CEO.
Entrepreneurship Sustains Innovation and Boosts Growth
Public policies should seek ways to promote entrepreneurship in order to boost economic growth, according to a review of existing research by David Audretsch of Indiana University.
People
Indiana Gov.-elect Mitch Daniels recently named Michael "Mickey" Maurer as president of the Indiana Economic Development Corp.
People
Indiana Gov.-elect Mitch Daniels has named Chuck Schalliol as his budget director. Schalliol had been on loan from Eli Lilly and Co. since April to serve as president and CEO of Central Indiana's BioCrossroads.
Gubernatorial Election Results for 11 Races
Going into yesterday's elections, it was clear at least five states would have freshmen governors as three incumbents chose not to run for re-election and two incumbents lost their parties’ nominations to seek new terms. The five states were Missouri, Montana, Utah, Washington and West Virginia.
People
Norma Grace, vice chancellor for technology and economic development at the University of New Orleans, has been elected as the 2004-05 president of the Association of University Research Parks.
People
Louisiana Gov. Kathleen Blanco appointed state bond commisssion director Sharon Perez to serve as undersecretary for the Louisiana Department of Economic Development, and Secretary Michael Olivier named Dane Revette director of the agency's energy cluster.
People
Effective Jan. 1, Donald Kuratko will be executive director for Indiana University's Johnson Center for Entrepreneurship and Innovation. Kuratko is currently runs Ball State University's entrepreneurship program.
People
Cameron Carter is serving as interim president and CEO of Indiana's TechPoint, following Donna Gastevich's resignation to spend more time with her family.
People and Organizational News
The Indiana Proteomics Consortium has changed its name to Inproteo.