What Makes for a Successful TBED Program?
During the states' fiscal crisis, a number of TBED programs were eliminated, while others survived. SSTI staff spent a fair amount of time analyzing what the survivors had in common, and we boiled the results down to three items that successful TBED programs have in common. While it may seem simplistic, the three commonalities are:
BFTP Seeks Director of Investment, Entrepreneurial Services
Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP), a nonprofit economic development organization based in Philadelphia, seeks someone to serve as director of its investment and entrepreneurial services. Established in 1982, BFTP exists to stimulate economic growth through innovation, entrepreneurship and the development and adoption of new technologies.
Final Week for SSTI Conference Discounts
The discounts ending this week on registration and accommodations for SSTI's annual conference will pay for much, if not all, of your round trip airfare to Philadelphia, so we encourage you to act soon on both. Or you can use the savings toward having one of your colleagues attend as well!
People
A two-year grant from the Pennsylvania Dept. of Community and Economic Development enabled Lehigh University to announce last week the appointments of Glenn Doell and Graham Mitchell to serve respectively as director of the office of technology transfer and director of the entrepreneurship program.
Massachusetts House Announces $110M Plan to Encourage TBED
Details on a $110 million initiative to create more jobs and stimulate the Massachusetts economy were released yesterday by Massachusetts House Speaker Tom Finneran and other state leaders. The initiative, Mass Jobs: Investment and Opportunity, is an innovation-friendly plan to streamline government functions and encourage growth in emerging technology through capital formation, regional development, and stability in regulation and taxation.
SW Penn Tech Sectors Still Growing, PTC Reports
The Pittsburgh Technology Council recently issued its annual State of the Industry Report, which reveals that in spite of an extended national recession that began in 2000, the region’s technology industries have held their own, at least through the mid-point of the current economic downturn. The report covers the 13-county southwestern Pennsylvania region and presents industry statistics for 2001, the last year for which complete data is available from government and other sources.
Programs with Results: 20-Year Investment in Ben Franklin Pays Off Big for Pennsylvania
Convincing politicians to make a multi-year investment in a state's economic future is challenging, particularly when commitments made in one budget cycle or administration can be forgotten or ignored so easily in the next legislative session. The FY 2003-04 funding struggle for Michigan's $50 million-per-year-for-20-years life science initiative provides ample evidence: $50 million dropped to $45 million and eroded to $32.5 million because of budget problems.
Pennsylvania Governor's New Budget Provides Generous Stimulus Package
Pennsylvania Governor Edward Rendell recently unveiled an economic stimulus program that will invest nearly $2 billion in bonds and loan guarantees. The stimulus program is intended to leverage at least $5 billion in private investment in economic development projects, creating jobs in Pennsylvania's small and mid-size cities and towns.
Key provisions of Plan for a New Pennsylvania include:
Institute for Government Innovation Launches 17th Annual Awards
The Institute for Government Innovations has announced it is accepting applications for the 17th Annual Innovations in American Government Awards, ultimately to identify outstanding examples of creative problem solving in the public sector.
Boston's Blessing: A Cluster of University-based Research Activity
Most practitioners who have been in the tech-based economic development field long enough know the presence of a strong research university can make the job much easier. New innovations and technologies to commercialize through licensing and spinoff companies, research facilities and experts to partner with local companies, and a constant supply of fresh graduates for the workforce are just a few of the benefits a research institution can offer the local and regional economy.
People
Congratulations to Steve Zylstra, his staff and the 1,500-plus members of the Pittsburgh Technology Council as they celebrate the organization's 20th anniversary.
Regional Councils in Massachusetts to Spur Job Growth
Massachusetts Governor Mitt Romney recently announced a plan to spur job growth in the state by tapping the expertise of area business, community and education leaders through Regional Competitiveness Councils. Six such councils will represent the Berkshires, Cape and Islands, Central, Northeast, Pioneer Valley and the Southeast regions of the state.
Carnegie Mellon Reviews University-Cluster Interrelationship
A study released last week by the Economic Development Administration (EDA) and Carnegie Mellon University's Center for Economic Development finds that, within a region, universities are best able to affect the growth of young, emerging clusters. The study, Universities and the Development of Industry Clusters, concludes a "university must have a large base of research and development in order to significantly impact a cluster..."
People
Jill Felix, chief executive officer of the University City Science Center in Philadelphia, has announced she is stepping down.
People
Massachusetts Gov. Mitt Romney appointed Ranch Kimball to serve as his new economic development secretary.
People
The Allegheny Conference on Community Development announced the following three staff appointments: Leigh McIntosh was named special projects director, Katherine Needham is a new senior vice president, and Roger Cranville will serve as senior vice president of business investment for the Pittsburgh Regional Alliance.
Pa. General Assembly Approves Economic Stimulus Plan
Shortly after a General Assembly vote last week, Pennsylvania Gov. Ed Rendell announced the bipartisan approval of the remaining components to the state’s economic stimulus package. The governor's plan is intended to fuel major new investment in communities across the state.
Nanotech Continues To Emerge In Massachusetts
Although Massachusetts' universities may be at the fore of nanotechnology research and development (R&D), they must continue to win on research for the state to stay competitive for federal funds, suggests a recent report by the Massachusetts Technology Collaborative (MTC) and the Nano Science and Technology Institute (NSTI).
PTC Finds Pa. Region's Tech Industry Marked by Increased Wages, Job Loss
A significant reduction in employment among southwestern Pennsylvania's technology industries in 2002 was not enough to offset signs of a turnaround, according to new data released by the Pittsburgh Technology Council (PTC). Over the second half of the year, a turnaround began to emerge and technology companies accounted for nearly 17.5 percent of the region’s workforce, PTC's annual State of the Industry Report shows.
Broadband Trends, Access Vary Across States
Looking to jumpstart the federal policy process regarding broadband Internet access, the Alliance for Public Technology (APT) has released A Nation of Laboratories, Broadband Experiments in The States, a report examining various broadband policies and programs nationwide.
Process and Product Innovation Key to Mfg Sector in Pa., Report Finds
With contributions of nearly $64 billion annually to the gross state product, manufacturing remains the largest of all industry sectors in Pennsylvania, according to a new report sponsored by the Team Pennsylvania Foundation. Data released by the nonprofit public-private partnership documents the role of manufacturing in Pennsylvania and analyzes the forces shaping the future of the industry.
MTC Seeks Manager for John Adams Innovation Institute
The Massachusetts Technology Collaborative (MTC) announces the creation of the Innovation Systems Division and a unique economic development initiative, the John Adams Innovation Institute, a vehicle for the state to make strategic investments in its knowledge economy.
People
Janice Bourque, president and chief executive officer of the Massachusetts Biotechnology Council, plans to step down once a replacement has been found.
People
Doros Platika is the new chief executive officer for the Pittsburgh Life Sciences Greenhouse.
People
Teri Ooms is the first director of the new Joint Urban Studies Center in Wilkes Barre, Penn.