People
James Roberson, president of the Research Triangle Foundation for the past 16 years, is retiring at the end of May.
NC Biotech Plan Ambitious
A new plan to grow North Carolina's biotech industry to 48,000 jobs by 2013 and 125,000 by 2023 was released earlier this month by the North Carolina Biotechnology Center, a state-supported nonprofit organization. If implemented, the 108-page plan would cost up to $650 million over five years. That figure does not include the "to be determined" cost for 15 of the plan's 54 recommendations.
The 54 action steps span a variety of objectives:
People
Teri Ooms is the first director of the new Joint Urban Studies Center in Wilkes Barre, Penn.
People
Robert Geolas, director of the Centennial Campus at North Carolina State, is resigning to become director of the new International Center for Automotive Research at the Clemson University.
North Carolina Innovation Economy Strong, BST Index Finds
Despite a sluggish national economy, North Carolina held its own over the last three years, according to a measure of 25 broad indicators of innovation, technology and economic growth released earlier this week. In all, Tracking Innovation: North Carolina Innovation Index 2003 considers more than 50 performance measures across five general categories, highlighting the state’s strengths and weaknesses.
People
Dr. Catherine Renault is the new program manager for the Center for Technology Applications at RTI International, Inc.
People
Carol Ann Dykes is the new president of the National Association of Management and Technical Assistance Centers.
North Carolina Creates Rural Entrepreneurship Institute
Coupling manufacturing's sharp employment drop with the perennial struggles of a rural economy and the current economic downturn can cause massive struggles for many of the country's sparsely populated areas. The closure or significant downsizing of one manufacturing plant can be terminal for a small, rural town.
Report Highlights Principles to Guide North Carolina’s New Economy
At a time when North Carolina is experiencing record-setting layoffs, the dot-com bubble has burst, and traditional industries are undergoing critical changes, North Carolina needs a cohesive, bipartisan economic development strategy that embraces the dynamics underlying the new economy, according to a new report issued by the Institute for Emerging Issues.
State Legislatures, Communities and Universities Take Economy Into Own Hands
The President wants $87 billion for the war in Iraq. Congress is looking at a month-long continuing resolution for the budget since final approval on most appropriation bills is at least that far in the future. Meanwhile, the persistence of the recession, the restructuring of U.S. manufacturing due in part to globalization, and the continued hemorrhaging of tax revenues has led several governors, state legislatures and community leaders to begin rethinking their economic development strategies.
People
Scott Doron has been promoted to director for the Southern Technology Council, the advisory council on innovation and technology policy issues for the Southern Growth Policies Board.
People
Robert McMahan has been named North Carolina's Science Advisor. In addition to advising the Governor on science and technology matters, McMahan will oversee the support staff for the North Carolina Board of Science and Technology. The advisor position will report to the secretary of the Department of Commerce.
Pennsylvania to Support Clean Energy Tech with New Fund
Breaking new technologies into traditional markets can be challenging, particularly in the energy field it seems. To help overcome that hurdle, the State of Pennsylvania has undertaken a $5 million initiative to help finance the implementation of clean and renewable energy technologies such as biomass and wind power.
Greater Philadelphia Acquires Road Map to Build Innovation Economy
Innovation Philadelphia, a public-private partnership, the Greater Philadelphia Chamber of Commerce, and the city of Philadelphia have developed a road map that identifies the future drivers of the Greater Philadelphia economy and provides a framework for developing these drivers.
People
Larry Moolenaar is the new Executive Director of the Eastern Carolina Council of Governments.
People
Dr. Donald Smith has been named interim chief executive officer of the Pittsburgh Life Sciences Greenhouse.
People
Dennis Yablonsky, chief executive officer for the Pittsburgh Life Sciences Greenhouse, is Governor Ed Rendell's pick to serve as Secretary of the Department of Community and Economic Development.
S&T Provides Foundation for New NC Strategy
A new strategic plan focusing on the North Carolina Department of Commerce's four cornerstones of economic development success – a globally competitive workforce, investment in science and technology, a competitive business climate, and attractive communities prepared for economic development – has been released by the state's Economic Development Board.
Ben Franklin Technology Partners Create Funding Vehicle to Aid Growth of Companies
Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP), an independent nonprofit economic development organization, has announced the Commonwealth of Pennsylvania's $2 million commitment to establish the Ben Franklin Investment Partners venture guarantee revolving fund. The fund is the first such development financing vehicle of its kind in the U.S.
Tobacco Settlement Board Commits Up to $20M for Life Sciences in Pa.
Pennsylvania's Tobacco Settlement Investment Board (TSIB) recently approved a commitment of up to $20 million to Birchmere Ventures III LP to invest in life sciences companies based in Pennsylvania. Birchmere Ventures III, a new fund jointly formed by Pittsburgh-based Birchmere Ventures and San Francisco-based Bay City Capital, will raise up to $150 million.
People
Dr. Doros Platika is the new chief executive officer of the Pittsburgh Life Sciences Greenhouse.
Pennsylvania Gov: $500M for Bioscience Research Initiative
Pennsylvania Gov. Ed Rendell is set to release his fiscal year 2006-07 budget request later this week, which is expected to significantly redesign the state's investment in biotechnology and life science research, according to materials released by the governor's office.
People
Dr. Melvyn Schiavelli, senior program officer for the Harrisburg Polytechnic Development Corporation, has been named acting president and CEO, succeeding Dr. Charles Clevenger.
POWER to Stem Brain Drain in Northeastern PA
Many areas of the country are experiencing a brain drain, an outmigration of recent college graduates leading to a decline in the available labor pool of entry level workers, young entrepreneurs and future civic leaders. A new initiative, however, hopes to reverse that trend in Northeastern Pennsylvania by strengthening the social, networking and professional relationships among young skilled workers in the Wilkes-Barre region.
People
Secretary of the Pennsylvania Department of Community and Economic Development for the past five-and-a-half years, Sam McCullough is resigning effective October 25.