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.
Private Funding Gives Washington Life Sciences Discovery Fund Early Boost
With the first round of state funding not expected until April 2008, private foundations have stepped in to provide a jumpstart for the Life Sciences Discovery Fund (LSDF). Last week, six Washington-based research teams were awarded more than $4.5 million in private funding to support projects that improve health care quality and capitalize on economic development opportunities within the state.
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.
Vermont EPSCoR, Public TV Offer Series on State's Scientific Discoveries
State universities and research programs depend on public support to develop and commercialize new technologies, but the actual science involved in these discoveries can seem intimidating and arcane to the layman. How then should a state go about engaging the public in scientific research?
SSTI Job Corner
More information on these opportunities and others is available at http://www.ssti.org/posting.htm.
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.
Gov. Douglas Introduces Four-part Strategy to Promote Vermont TBED
In his inaugural address last week, Vermont Gov. Jim Douglas announced a four-part plan to bolster research and high-tech economic development. The governor’s Vermont Way Forward strategy would promote high-tech business, particularly in the state’s emerging environmental engineering industry. In addition, the strategy includes a plan to make Vermont what the governor says would be the country’s first “e-state,” one in which universal access to broadband and wireless technology are available anywhere within the state’s borders.
People
John Maxson, former president of the Illinois Coalition, was named CEO of The Greater North Michigan Avenue Association.
People
Kim Zentz, CEO of the Spokane Transit Authority, announced she will take a one-year position as interim executive director of the Spokane Intercollegiate Research and Technology Institute.
Vermont Prepares for Wi-Fi with New Broadband Initiative
The city of Montpelier, Vt., will soon join the ranks of other high-tech cities as it prepares to implement its first Wi-Fi “hotzone” in the central downtown area. With support from Senator Patrick Leahy (D-Vt), city officials and local businesses, the Vermont Broadband Council recently launched MontpelierNet, a high-speed Internet network that will bring wireless broadband Internet access to the city.
Michigan Legislature Frees Fed R&D Grants from State Taxes
Michigan small businesses receiving state and federal grants for research and development will be able to put more of those funds into their work, with legislation unanimously passing the state Senate last week.
Nurturing Creative Economy Key to Growth in Vermont
This past fall, Vermont released what may be the nation's first statewide effort to lay out an economic development strategy based on the creative economy theories advanced most prominently by George Mason professor Richard Florida.
People
Marlo Jenkins will be the new managing director of TechTown, Wayne State University's research and technology park.
People
Patrick Tam resigned last month as executive director of the Spokane Intercollegiate Research and Technology Institute.
Seattle Tops Visa’s List of Most Innovative Cities
A Visa analysis of innovation and creativity among the nation’s top 50 metro areas has Seattle ranked first in combined scoring, followed by Austin, Nashville, Minneapolis and Washington, D.C. Visa’s Innovation Index measures entrepreneurialism, community support and creativity on a per capita basis throughout the major Metropolitan Statistical Areas.
People
The Great Lakes Entrepreneur's Quest has hired Arthur DeMonte as its first executive director. DeMonte was global director of the e-Business Technology Center at Dow Chemical.
Report Offers Guidelines For Sustaining Diversity Efforts in S&T
Prompted by confusion over the dual rulings in the University of Michigan affirmative action cases last year, the American Association for the Advancement of Science (AAAS) and the National Action Council for Minorities in Engineering have released a new report to clarify the legalities and offer options for implementing and sustaining diversity programs within science, technology, engineering and mathematics (STEM) fields.
Manufacturing and the Future of the Industrial State: A Michigan Case Study
During the recent past, heavy loss of manufacturing jobs has created considerable economic upheaval in several states, particularly the industrial heartland of the country where manufacturing represents more of a state's private payrolls than the national average. Michigan, alone, lost 18 percent of its manufacturing-related jobs from 2000 to 2003, a staggering 163,000 mostly high-wage jobs. Still, the manufacturing sector comprises 17 percent of the total jobs in the Great Lakes state.
Michigan Governor: States Urged to Address Manufacturing Crisis
Michigan Governor Jennifer Granholm has vowed to enlist her fellow governors in the fight to maintain the nation’s vital manufacturing industry. At a recent meeting of automotive industry executives and experts in Traverse City, Mich., Granholm used her keynote speech to call for actions that will stave off the loss of manufacturing jobs in the U.S.
Blatant SSTI Conference Plug
Blatant SSTI Conference Plug
People
Jeff Morris has been named Director of the Northwest Energy Technology Collaborative.
Sneak Peek at SSTI's Annual Conference: Capitalizing on the Academic Research Enterprise
Balancing the role of universities and colleges in economic development can be tricky, as Dr. Bok points out in his new book (see article above), but its important role in building stronger tech-based economies cannot be overstated. SSTI’s 7th annual conference, to be held in Seattle on October 21-22, presents the best opportunity of the year for developing a great understanding of the most effective ways for local and state economies to benefit from the academic research enterprise.
Pre-conference Workshops Focus on Burning Issues
Two of the most critical issues in today's tech-based economic development (TBED) involve money — funding for companies and funding for TBED programs.
Spokane Authors Strategic Plan for Innovation Economy
The City of Spokane and a group of local organizations have penned a strategic plan designed to help the city and the Inland Northwest achieve an Innovation Economy.