Tech Talkin' Govs, Part I
North Carolina Charts a New Innovation Framework
Listen to SSTI's Interview with Peter Longo of Connecticut Innovations
SSTI has an effective new learning tool for TBED policymakers and practitioners seeking guidance in approaches to building and sustaining tech-based economies.
Missouri, Ohio and Texas Governors Seek Increased Support for TBED Efforts
Not all of the news coming out of governors' offices is bad for TBED strategies. For example, just in the past week, governors in Missouri, Ohio and Texas proposed increases in state investments for job creation in emerging fields, higher education scholarships, and technology commercialization and research programs. The following overview provides highlights of their recommendations for TBED proposals in the upcoming fiscal year or biennium.
Tech Talkin' Govs, Part V
The fifth installment of the Tech Talkin' Govs series includes highlights from state of the state, budget and inaugural addresses from governors in Alabama, Michigan, Ohio, Oklahoma, Pennsylvania and Utah.
Asian Countries Announce Major Technology Investments
As the U.S. Congress is ironing out the details of the stimulus package, the final share of science and technology investments within the bill is not known at this time. However outside of the U.S., other countries have recently announced their own proposals to improve the research and innovation infrastructure of their countries.
Listen to SSTI's Interview with Tom Rogers and Shawn Carson of Technology 2020
SSTI has an effective new learning tool for TBED policymakers and practitioners seeking guidance in approaches to building and sustaining tech-based economies.
Tech Layoffs Reach Seven-year High in First Quarter of 2009
The need for state and local support for tech-based economic development grows more critical in the current recession, based on recent unemployment reports for key technology sectors. Layoffs at high-tech companies during the first quarter of 2009 were at their highest point since 2002, according to outplacement firm Challenger, Gray and Christmas. Reported job losses at tech companies totaled 84,217, up 27 percent over the fourth quarter of 2008 and up 485 percent over the first quarter last year.
Kauffman Analyzes the Ups and Outs of Startup Job Growth and Mortality
Growth is most noticeable in dogs, cats and humans when they are puppies, kittens and infants. A new analysis by the Kauffman Foundation looking at the Census Bureau's Business Dynamics Statistics reveals the same phenomenon in businesses: growth, as measured by net employment, is most significant for younger companies compared to their more mature counterparts. Infant mortality of young firms is very high, though - nearly 20 percent of all jobs at very young startups are lost due to the businesses failing within the first year.
NYSTAR Remains Stand-Alone Entity in Enacted Budget
Legislators in New York rejected Gov. David Paterson's proposal to consolidate the state's primary organization for supporting and enhancing technology-based economic development into the state's traditional economic development organization (see the Dec. 17, 2008 issue of the Digest).
Budget Woes Slow Momentum for New Jersey Stem Cell Program
Funding for the New Jersey Commission on Science and Technology, which administers the state's stem cell research program, would be cut nearly in half under Gov. Jon Corzine's FY10 budget recommendation. The commission is slated to receive $10.4 million, a decrease of $9.9 million from the FY09 adjusted appropriation, to administer grant programs focused on commercializing new technologies, develop early-stage growth companies and business incubators, and enhance New Jersey's stem cell research capability.
Tech Talkin' Govs, Part III
Kansas Gov Puts TBED Programs in Jeopardy with Budget Request
IL Unveils New Private, Nonprofit Partnership to Support Economic Competitiveness
At his State of the State address last week, Gov. Bruce Rauner announced that Illinois’ principal economic development organization, the Illinois Department of Commerce & Economic Opportunity, as well as some of the state’s business leaders will collaborate to organize a newly formed private, nonprofit organization exclusively focused on increasing Illinois’ competitiveness for job creation and investment.
RI Gov Backs $51M Plan to Jumpstart State’s Innovation Economy
Last week, Rhode Island Gov. Gina Raimondo proposed more than $51 million in investments focused on reinvigorating the state’s economy through innovative industries with the release of her fiscal year 2017 budget request.
CBPP Report: State Job Creation Strategies Often Misguided
State economic development policies that focus on deep income tax cuts or tax breaks to lure companies from other states ignore fundamental data points about job creation, and as a result are more likely to fail, according to a recently released report from the Center on Budget and Policy Priorities. While alluding to the importance of encouraging entrepreneurship and firm survival more broadly, the authors also argue that public investments should be targeted at helping build a skilled workforce and improve the
Nevada Reestablishes Office of Science, Innovation, and Technology
As part of Nevada’s efforts to better prepare its workers to compete in the state’s technology industries, Gov. Brian Sandoval announced the reestablishment of the state’s Office of Science, Innovation and Technology, naming Brian Mitchell its program director.
MA Considers $918M Investment in Five-Year Economic Development Push
Massachusetts legislators are debating the future of Gov. Charlie Baker’s $918 million economic development proposal, including investments in local infrastructure, emerging technologies, community-based innovation, brownfields cleanup, Gateway Cities development and workforce development. The proposal would implement several of the action items from Baker’s economic strategic plan, issued last November, over the next five years.
MA, RI Govs Announce Strategies for State Innovation Economies
Governors in Massachusetts and Rhode Island have released details about their plans to boost innovative businesses in their respective states. Massachusetts Gov. Charlie Baker offered a strategic plan to guide his administration’s economic development efforts, with an emphasis placed on fostering a culture of innovation and entrepreneurship. Rhode Island Gov. Gina Raimondo announced the launch of three new incentive programs aimed at research-driven companies.
Over $2B in Investments Announced at NY’s Regional Economic Development Awards
New York Gov. Andrew Cuomo announced $2.25 billion in economic and community development awards as part of the fifth installment of the state’s Regional Economic Development Council (REDC) Initiative. Of this total, $1.5 billion over the next five years will go to the three regions (Central New York, Finger Lakes, and the Southern Tier) that were selected as the winners of the Upstate Revitalization Initiative.
S&T Figures Prominently In Federal Recovery Plans
ITIF Provides Insight Into Stimulus' Potential Impact on High-Tech Employment
Tech Talkin' Govs, Part II
Indiana Governor Launches Office of Small Business and Entrepreneurship
Indiana Gov. Mike Pence has announced details of a realignment of the state's services for small business owners and entrepreneurs through the establishment of a new Office of Small Business and Entrepreneurship (OSBE). The office will incorporate the Indiana Small Business Development Center, the Procurement Technical Assistance Centers and several small business specialty programs. OSBE will offer business consulting, as well as bringing together universities, private sector businesses and government stakeholders.