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The General Accounting Office (GAO) has released a report, "Tax Policy and Administration: Review of Studies of the Effectiveness of the Research Tax Credit," that concludes that much uncertainty remains about the responsiveness of research spending to tax incentives. There was mixed evidence that the amount of research and development spending stimulated by the federal credit equals or exceeds the cost of the lost revenue.

Milwaukee, St. Louis, and San Diego were named to receive a National Science Foundation (NSF) grant for developing system-wide reforms in K-12 science, mathematics, and technology education. The awards are part of NSF's Urban Systemic Initiative. The initiative supports science, math, and technology education reform in cities with the largest number of school-aged children living in poverty.

A Missouri businesswoman was named National Small Business Person of the Year by the Small Business Administration. Phyllis Hannan, president of Laser Light Technologies, received the award last week as part of the SBA's Small Business Week (June 2-8) celebration. Small Business Week is designated each year to honor the nation's small businesses and to highlight their contributions to the national economy and their local communities.

The Florida Manufacturing Extension Partnership (FMEP) is seeking a Director who possesses the skills that are needed for the corporation to excel. The applicant should be an innovator and entrepreneur as well as a leader and a team builder with excellent communication skills.

Seed Capital Venture Fund Manager