As state and local governments make tough funding choices with tight budgets, a new Economic Policy Institute (EPI) report shows adequate and effective funding of education is the best way to achieve faster growth, more jobs, greater productivity, and more widely shared prosperity.
The U.S. Department of Commerce and the National Academy of Public Administration (NAPA) recently released reports making recommendations to address the challenges faced by the manufacturing industry. One of the recommendations in the NAPA report suggests creating a strategic plan that articulates the "next generation" of the Commerce Department's National Institute of Standards and Technology (NIST) Manufacturing Extension Partnership (MEP).
Wanted: all managers in private-sector research and development (R&D) facilities. The Southern Growth Policies Board is conducting a nationwide survey to gain insight into drivers and policies of industrial R&D. The survey attempts to illuminate university-company relationships.
The U.S. Department of Labor (DOL) launched last month a $17.2 million national Biotechnology Worker Training Initiative in support of the President’s High Growth Job Training Initiative.
“This $17.2 million in training funds will recruit and train workers for jobs in the biotechnology field, which is expected to be one of the fastest growing sectors by 2012,” said Secretary of Labor Elaine Chao.
New manufacturer training funds, enhanced enterprise zones, and new economic development infrastructure loans are among the incentives included in Missouri's Jobs Now legislation, signed into law by Gov. Bob Holden on July 8. Passage of key elements of the package was one of the governor's top priorities for the legislative session and was considered critical for securing the new 1,200-employee H&R Block headquarters in downtown Kansas City, according to local news reports.
Economic development in Oregon recently has been given new life, thanks to the approval of $222 million in bills by Governor John Kitzhaber. The legislation, including $72 million for high-tech infrastructure and research over the next two years, is expected to increase public investment in biotechnology, engineering and other research.
The Greater Cincinnati Regional Technology Initiative has released revving up the tech engine, a strategic plan with more than 30 recommendations to improve Cincinnati's position in a tech-based economy. Giving themselves just 100 days to complete the plan when they started in Spring, the project was developed through six "Accelerator Teams" involving more than 200 volunteers from the three-state metro area.
The Advanced Technology Program (ATP) bridges the gap between the research lab and the marketplace, stimulating prosperity through innovation. Through partnerships with the private sector, ATP's early stage investment is accelerating the development of innovative technologies that promise significant commercial payoffs. ATP exhibits four primary strengths:
No matter which source one uses, venture capital investments continued their decline during the second quarter of 2001. The Moneytree™ survey, released this week by PricewaterhouseCoopers and Venture One, Inc., found a 21 percent decline from the previous quarter. Second quarter investments fell to $8.2 billion from $10.4 billion in the first three months of the year. Only 669 companies received funding, down 11 percent from the 752 firms funded during the first quarter.
What are you doing to protect your state or local economy from technological advances that will completely overturn an industry 10, 20, 30 years from now?
With the prospect of someday losing 27,000 high-paying tech jobs at 15 automotive engine and powertrain plants, Michigan has unveiled a plan to position the state as a leader when automotive applications of fuel cell technology make the internal combustion engine obsolete.
Last week, the U.S. Census Bureau released the Census 2000 Supplementary Survey Data (C2SS), compiled from 700,000 test households prior to the full census. C2SS provides a preliminary look at data similar to those that will be available next year from the Census 2000 long form.
Is the current concentration of effort toward the identification and licensing of intellectual property (IP) the best method to stimulate innovation? In a period seeing increased pressures on public research universities to identify alternate sources of funding, IP opponents may find economic considerations obfuscating the innovation argument:
The Federal Laboratory Consortium for Technology Transfer (FLC) is the nationwide network of federal laboratories that provides the forum to develop strategies and opportunities for linking the laboratory mission technologies and expertise with the marketplace. More than 700 major federal laboratories and centers and their parent departments and agencies are FLC members.
The general fiscal condition of state budgets is growing weaker, indicates a preliminary report released August 1 by the National Conference of State Legislatures (NCSL). State Budget & Tax Actions 2001 provides information on 46 states included in NCSL's annual survey. The remaining states – Massachusetts, New York, North Carolina, and Wisconsin – had budgets that were either not passed or awaiting the governor's approval.
The toll a lackluster economy is taking on Wall Street, manufacturing orders, and tech firm profits are well-known facts at this point. Tightening state and local tax revenues are also apparent. For households, less cash usually translates to changes in vacation travel plans and fewer purchases of luxury items, like bigger cars, expensive jewelry and – Internet access?
Ohio businesses experienced a 15 percent increase in overall Internet and website usage between 1999 and 2000, according to the 2001 report released by ECom-Ohio — a public-private collaborative project to increase Ohio's readiness for global electronic commerce.
The National Science Foundation has published Federal Funds for Research and Development: Detailed Historical Tables: Fiscal Years 1951-2001. The five-volume report includes seven tables (55-61) that present the data by state for the period 1970-1999. Federal R&D obligations are characterized by industrial, university, nonprofit, FFRDC and intramural performers.
The latest monthly update from http://www.econdata.net, an excellent portal for regional economic development related data on the web, included the following table prepared by the National Institutes of Health (NIH). The table presents the top 100 cities based on the total value of NIH research and development grants, contracts and training awards made in FY 2000.
On July 16, both houses of Wisconsin’s state Legislature passed a state budget including numerous incentives for technological development. The budget covers state spending for a two-year period that began July 1. Gov. Scott McCallum has until August 30 to approve the budget; several of the tech-related items were in the Governor's first state of the state and executive budget addresses.
Despite many indications that show strong potential for growth, Southern California's bioscience industry still faces challenges, according to a new report from the Los Angeles Regional Technology Alliance (larta). Released July 19, Heart of Gold: The Bioscience Industry in Southern California highlights the strengths of the region's industry and honestly assesses the ways that the industry can overcome its weaknesses. The report was created to present a full
Tom Murphy says when he first took office as Mayor of Pittsburgh in January 1994, the city was suffering from one of the worst inferiority complexes in its history. To be sure, Pittsburgh once was known first and foremost as being the capital of steelmaking in the U.S. By 1994, the devolution of U.S. steelmakers during the past 25 years had taken its toll on the steel city, physically, economically and psychologically.
The U.S. Department of Agriculture (USDA) has posted its selections for the FY 2001 Phase I solicitation of the Small Business Innovation Research (SBIR) Program. Using information obtained from Ruth Lange of the USDA SBIR Program Office and the USDA website, SSTI has prepared the accompanying table presenting the state-by-state distribution of proposals, awards and total funding provided for the Phase I cycle.
Birmingham, Alabama
The DOEd Office of Special Education and Rehabilitative Services, National Institute on Disability and Rehabilitation Research invites applications for Fiscal Year (FY) 2002 awards under the following programs. More information is available under the July 31 announcements of the Federal Register: http://www.ed.gov/legislation/FedRegister/announcements/
Growth in personal income tax has led to a revival of state tax revenues, the same source that led to the previous decline, according to a report released by the Nelson A. Rockefeller Institute of Government. The report indicates sustained growth in states' economies over the past three quarters, with increases in revenue from personal, sales and corporate taxes, creating optimism for the future of state budgets.