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In the November 8, 1996 Issue:

SBA Develops ACE-Net


The Small Business Administration (SBA) has developed the Angel Capital Electronic Network (ACE-Net) to link small companies and investors through the Internet. Entrepreneurs will be able to put their prospectus on a secure database that can be searched by approved individual or "angel" investors. The goal of the network is to improve access to equity capital for small companies that need capital in the $250,000 to $5 million range.

All offering listings will be available by an on-line search engine that will permit the "angels" to identify companies in which they want to invest. The investors can look for a specific type of company, technology or market, investment size, geographic location, and minority-/women owned status. ACE-Net will also permit investors to place specific search criteria on the network and it will send an e-mail when a company is listed that meets their interests.

Info on ACE-Net is available on the World Wide Web at <http://www.sbaonline. sba.gov> and <http://ace-net.unh.edu>

More information is also available by contacting Jere Glover, Chief Counsel, SBA Office of Advocacy, at 202/205-6533.

The University of New Hampshire's Center for Venture Research is the lead organization responsible for maintaining the Ace-Net Internet database and home page. Interested companies and investors can gain access to the password-controlled network by contacting regional network operators.

The two network operators currently open are Technology Capital Network at MIT and The Capital Network, Inc. in Austin, Texas. The following organizations have been designated as network operators and will be offering access soon: Accelerate Technology Small Business Development Center (California); UCSD-CONNECT (California); North Carolina Biotechnology Center; Ben Franklin Partnership (Pennsylvania); Kansas Technology Enterprise Corporation; Advanced Technology Development Center (Georgia).


Incumbent Governors Re-elected


All incumbent governors that ran for re-election on Tuesday were re-elected. Only four gubernatorial races were for open seats (Indiana, New Hampshire, Washington, and West Virginia) and those elections resulted in no net gains for either the Democrats or Republicans. In New Hampshire, a Democrat was elected governor succeeding Republican Steve Merrill, while in West Virginia, a Republican will replace Democrat Gaston Caperton.

Governors elected on Tuesday:

Open SBIR Solicitations

Agency Release Date Closing Date
Commerce October 1, 1996 January 15, 1996
Defense (97.1) October 1, 1996 January 8, 1996
EPA November 13, 1996 January 15, 1996


Democrats Make Slight Gain in State Legislatures


As with other races this year, there was little overall change in the control of state legislatures, although the Democrats did make some progress, based on figures compiled by the National Council of State Legislatures.

Prior to the election:

After Tuesday's voting:

In three states, the House of Representatives changed from Republican to Democrat (California, Illinois, Michigan). In Nevada, the House had been tied, but is now led by the Democrats. In Indiana and Oregon, Republicans had a majority, but the membership is now tied between Republicans and Democrats. In Florida, the House changed from Democrat majority to Republican.

In four states, the Senate also switched to Democrat control (Connecticut, Maine, Tennessee, Vermont). Republicans picked up the Senate in two states (Iowa, Washington). In Kentucky, Democrats had a majority, but the membership is now tied between Republicans and Democrats.

Party Leadership in State Legislatures

 

House

Senate

Pre-Election Post-Election Pre-Election Post-Election
Democrats 23 26 23 24
Republicans 25 21 25 23
Tied 1 2 1 2



(Nebraska has a unicameral, non-partisan legislature and is not included in the totals.)

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