Foundations Commit $100M for Detroit’s Next Economy
Ten foundations have joined forces to create an eight-year $100 million New Economy Initiative for southeastern Michigan, with a goal of transitioning the region’s economy toward more knowledge-intensive industries. Three foundations, Ford, Kellogg and Kresge – each created from the personal fortunes made by some of the founders from the state’s historic economic bases – have contributed $25 million toward the effort. Additional support ranging from $1.5 million to $10 million is being provided by seven other community foundations.
Report Finds Michigan’s University Research Corridor an Asset to Economy
Public universities in most states compete with other state priorities for appropriations each year or two-year budget cycle. With the state’s fiscal year ending Sept. 30, no new budget passed by the legislature and a projected state revenue deficit of more than $1.5 billion for 2008, universities in Michigan may feel greater pressure to assert their importance to the state’s economy.
Assessing Incubator Performance: NBIA Releases Toolkit to Aid Impact Measurement
As with every public policy or program to promote economic development, TBED initiatives can fall victim to critics’ concerns regarding the value of these approaches if performance measurement is not an integral component of your efforts. Fair assessment of impact, though, remains a thorny issue for many TBED strategies because of the early stage of investment (e.g. support for university research, entrepreneurship education or even seed capital).
SSTI Welcomes Newest Members
It is only through the involvement of the each and every one of our more than 185 members that SSTI is able to continue its mission -- to lead, support and strengthen efforts to improve state and regional economies through science, technology and innovation. Together, we’re growing a strong and vibrant tech-based economic development community. New members include:
State Sponsors
Kansas Bioscience Authority
SSTI Wants to Visit Your City and Bring 400 of Our Closest Friends
This is your opportunity to shine in the spotlight! By hosting SSTI’s 14th Annual Conference in 2010, you can increase your national and international visibility by showcasing the success of your state and/or community’s tech-based economic development efforts to thousands of TBED professionals.
Ohio Governor Counters Recession with $1.7B Economic Stimulus Proposal
Responding to a statewide economic downturn, Gov. Ted Strickland announced two major TBED initiatives, injecting more than $1 billion into job creation and offering a free year of tuition at Ohio public universities for high school seniors.
Proposed Michigan Budget Offers New Incentives for Job Creation
Gov. Jennifer Granholm unveiled her fiscal year 2009 budget last week, proposing to refinance a portion of the state’s general obligation and taxable tobacco bonds and reduce spending across nearly all state departments in order to finance new proposals without raising taxes.
SSTI Job Corner
A complete description of this opportunity and others is available at http://www.ssti.org/posting.htm.
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
SSTI Job Corner
More information on these opportunities and others is available at http://www.ssti.org/posting.htm.
Feeling out of the loop? Here's how to get in the loop...
Membership in SSTI allows access to the most extensive network of current and past practitioners, academics and policymakers who are attempting to speed commercialization and encourage innovation.
Joining SSTI places your organization with today’s TBED leaders. SSTI connects you to active members in 46 states, Puerto Rico and Canada, enabling you to share experiences and best practices with your peers from across the continent.
SSTI Welcomes Newest Members
The following recently became SSTI affiliates or supporters:
Ohio Governor Wants $1B for Energy Tech
Coming a little late in the year to be included among our Tech Talkin’ Govs series (see Digest issues for Jan. 8, 15 and 29 and Feb. 19), Ohio Gov. Ted Strickland delivered his first State of the State Address on Mar. 14. Below are excerpts from his address calling for a $1 billion investment in alternative and renewable energy technologies over four years.
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.
SSTI: Working to Provide You with the Information You Need to Succeed
SSTI serves as the TBED community’s go-to resource and strategic partner when dealing with TBED issues. SSTI’s unique ability to address the information needs of its members comes from the fact that SSTI’s staff and board have been “in the trenches” of technology-based economic development. SSTI’s president, vice president and board members, including former Governors John Engler of Michigan and Michael Dukakis of Massachusetts, have more than two decades’ of direct policy development and service delivery experience.
An SSTI Editorial: For the New Year, Something Has to Change. Perhaps You.
Diffusion of effort can be a great thing in fostering local or regional economic development because there are so many fronts on which the battle must be fought: workforce; business retention and recruitment; entrepreneurship; infrastructure; investing; and, science and technology addressing the needs of different sectors such as manufacturing, retail, service, financial or information technology.
2004 S&T Calendar Filling Up
240 events already posted on SSTI's web calendar
Although only a few events remain for 2003, SSTI's web calendar of science and technology (S&T) items has brief descriptions and contact links for 240 regional or national conferences, meetings and workshops planned for 2004.
2003 S&T Calendar Filling Up
Although only a few events remain for 2002, SSTI's web calendar of S&T items has brief descriptions and contact links for more than 120 regional or national conferences, meetings and workshops planned for 2003.
As State Revenues Recede, Some S&T Cuts Made
The latest semi-annual state fiscal survey, released jointly this week by the National Association of State Budget Officers and the National Governors' Association, reconfirms the increasing pressure on state coffers found six months ago. Slowing revenues and increasing Medicare and health care costs have resulted in 16 states reducing expenditures in the current fiscal year by $1.6 billion. Eleven states also are reducing their FY 2002 revenue projections.
ACE-Net to Privatize by Sept. 1
The Angel Capital Electronic Network (ACE-Net) will be privatized by September 1, 2000. The Internet-based listing service for growing companies and angel investors has been run by the U.S. Small Business Administration (SBA) Office of Advocacy.
People
John Maxson, former president of the Illinois Coalition, was named CEO of The Greater North Michigan Avenue Association.
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
Ohio Department of Development Director Bruce Johnson has been sworn in as the state's lieutenant governor. Johnson is expected to serve both positions for the balance of Gov. Bob Taft's term.
People
Jafar Karim is the new director of the Governor's Office of Economic Development in South Dakota.