elections

With 37 governorships up for election in 2010, one thing is certain: Transitions in state and local economies are on the horizon. In a special series leading up to the November elections, SSTI is tracking news, reports, and analysis from the gubernatorial candidates to report on the most pressing issues for the tech-based economic development community. Over the next several weeks, we'll highlight announcements and campaign platforms from select states across the U.S. The first installment includes competing jobs plans in Iowa unveiled by incumbent Gov. Chet Culver (D) and challenger Terry Branstad (R).

The candidate elected as New Mexico's 27th governor will make history as the state's first female governor. Democratic nominee Diane Denish and Republican nominee Susana Martinez both offer plans largely focused on New Mexico's economic recovery and balancing the state budget. Denish's plan centers on support for small businesses such as greater access to capital and establishing a Federal Innovation Research Matching Grant program for small, high-tech companies. Martinez has proposed a variety of tax cuts and regulatory reform as well as a plan to revive the energy sector by encouraging producers to invest in new technology.

Both candidates for Wisconsin governor want to reorganize and refocus the state's agency for job creation. Tom Barrett (D) has proposed moving the Department of Commerce's economic development staff into a new Office of Job Creation headed by a director who would report directly to the governor. Scott Walker (R) would hire an experienced economic development professional to head up a newly consolidated agency that replaces the department. Uncertainty regarding the state's ongoing commitment to stem cell research also has become a focal point of the race with the two candidates on opposing sides of the issue. Throughout his term as governor, Jim Doyle, who is not seeking a third term, worked with the legislature to establish state incentives to promote and enhance the biotechnology industry and expand stem cell research. Media reports indicate Barrett supports embryonic stem cell research while Walker advocates adult stem cell research and would support a ban on embryonic stem cell research.

Proposals to cut taxes in order to generate job creation and to raise taxes to generate new state revenue are dominating the polls in several of the 36 states across the country where ballot measures appear. Voters also will be asked to decide on issues surrounding budgets, elections, environment, and education, among others. Missing from this year's slate of proposals is major bond funding for science and technology initiatives or R&D efforts. (Note: Ohio and Maine voters approved economic development bonds related to R&D earlier this year.) Only five states have proposed bond measures appearing on the November ballot totaling $1.9 billion, which is down significantly from 2008 when proposed bond measures totaled $18.4 billion, according to the National Conference of State Legislatures. A summary of select ballot initiatives are highlighted below.

California's next governor will inherit a dire budget situation and an unemployment rate that is above the national average. While the two main candidates vying for the job offer different visions for enhancing California's economy, both plans set forth policies and incentives to encourage renewable energy development and deployment and provide resources to support entrepreneurs. Jerry Brown (D) has a clean energy jobs plan that he says will produce half a million jobs in research, development, manufacturing, construction, installation, and maintenance over the next decade. His opponent, Meg Whitman (R), would enact tax cuts in targeted areas to support job growth, including increasing the R&D tax credit and eliminating the small business startup tax.

Two candidates vying for Georgia governor unveiled proposals to create technology jobs and invest in biomedical R&D. Democratic nominee Roy Barnes would expand the scope of the Georgia Research Alliance (GRA) to build on programs that accelerate technology transfer. Barnes credited the organization with a 20-year track record of helping create high-value companies based on university research. Republican nominee Nathan Deal would expand access to capital for biotechnology startups and create a Certified Capital Company (CAPCO) program to help fuel R&D. Georgia's current governor, Sonny Perdue, is term-limited in 2010. Both candidates offer job plans that aim to advance the state's position as a leader in the biotechnology industry.

Florida is one of many states without an incumbent governor participating in the 2010 gubernatorial election, as Gov. Charlie Crist, who served just one-term in office, will seek an open Florida U.S. Senate seat this fall in a race against former Florida House Speaker Marco Rubio and Democratic U.S. Rep. Kendrick Meek. Crist is running as in Independent. Policy aimed at job creation is the topic of much debate in Florida, where unemployment is around 12 percent. Gubernatorial candidates Rick Scott (R) and Alex Sink (D) recently provided detailed jobs plans and outlined proposals to achieve energy independence, which are highlighted in the second installment of SSTI's special election series.

All eyes are on New Jersey and Virginia as newly elected governors soon will unveil action plans and proposals for their first year in office. During the recent gubernatorial campaigns, Governors-elect Chris Christie and Bob McDonnell both outlined plans to transform their respective states’ economies and create high-paying jobs through targeted investments in renewable energy. The following is an overview of the energy proposals outlined during the campaigns.