SSTI Digest

New York City officials recently announced the launch of a $2 million seed fund to boost entrepreneurship and the local venture capital market. NYC Seed will provide up to $200,000 for seed-stage New York-based businesses and will offer mentoring and other support for client companies. The initiative is a partnership between several city and state organizations, including the Industrial Technology Assistance Corporation (ITAC), the New York City Investment Fund, the New York State Foundation for Science, Technology and Innovation (NYSTAR), the New York City Economic Development Corporation, and PolyTechnic University.
 

The Aerospace, Manufacturing and Information Technology (AMIT) Cluster of Southern Arizona has consolidated its operations with the Arizona Technology Council.

Automation Alley was one of 19 organizations chosen to receive 'E' and 'E-Star' Awards, given by the president to recognize American export excellence. The nonprofit Automation Alley, an SSTI affiliate, supports Southeast Michigan's economy through a collaborative culture that focuses on workforce and business development.

Raymar Dizon has resigned from the Maryland Venture Fund to become director of technology transfer at Mitre Corp.

Jim Hayes, the president of the Economic Development Partnership of Alabama, passed away on June 6 after a long illness. Hayes was considered one of the state's top experts on economic development.

Although the U.S. broadband infrastructure has expanded rapidly over the past decade, 45 percent of rural areas still lack access to high-speed Internet services. A recent issue brief from the National Governors Association (NGA) Center for Best Practices provides a number of strategies that have proven effective in expanding broadband access, particularly in underserved rural areas.
 
The brief highlights a number of state efforts that have been successful in expanding and improving service in recent years. These include the California Broadband Initiative, ConnectKentucky, Maine's ConnectME Authority and the New York State Council for Universal Broadband. Together, these profiles offer an overview of how states are approaching the digital divide.
 
NGA also presents a number of specific strategies that can be implemented in states with high-speed Internet gaps to create a comprehensive broadband access initiative. For example, the report provides a guide to 14 state tax credit programs that have been used to increase demand for broadband services or to encourage the development of new broadband infrastructure.
 

Earlier this month, the governors of Oregon and New York both outlined changes to the structure of their states’ lead economic development organizations.
 
Before Gov. Ted Kulongoski signed Executive Order 08-11 to reorganize the Oregon Economic and Community Development Department (OECDD), it consisted of three components:

• The Business and Trade Development Division, which performs business recruitment and efforts to engage small business and provides international trade and regulatory assistance;
• The Innovation and Economic Strategies Division, which primarily develops and administers programs to promote innovation, sustainability, and clusters within the state; and,
• The Community Development Division, which assists public infrastructure projects, such as building portable water and wastewater systems, in addition to administering Oregon’s Community Development Block Grants.

Dr. Michel Bitritto was named director of the new business incubator being run by the New Jersey Meadowlands Commission.

Dr. Peter Reczek was appointed executive director of the New Jersey Commission on Science and Technology.

Don Siegel, president of the Technology Transfer Society, will be dean of the School of Business at the University of Albany, SUNY, beginning in fall 2008.

Michael Skaggs, former president and CEO of Next Generation Economy Inc., was named executive director of the Nevada Commission on Economic Development.

Paul Wetenhall stepped down as executive director of High Tech Rochester (HTR) to become president of the Ben Craig Center in Charlotte. David Hessler, an HTR entrepreneur-in-residence, was appointed interim president in Wetenhall's stead.

Legislators passed the fiscal year 2008-09 budget last week, increasing spending by 4.9 percent over last year and investing in New York’s Upstate economy despite projected shortfalls for several years to come.
 
Lawmakers approved $700 million for the Upstate Revitalization Fund, an initiative that Gov. David Patterson continued to push forward following the resignation of Gov. Eliot Spitzer last month. In January, former Gov. Spitzer unveiled the Upstate proposal, asking lawmakers for $1 billion to encourage economic growth through targeted investments in high-technology development, agriculture, housing, transportation, and state parks (see the Jan. 23, 2008 issue of the Digest). Many of Gov. Spitzer’s initial requests for funding were fulfilled, including $120 million for the Regional Blueprint Fund - $200 million less than Gov. Spitzer’s recommendation - and $180 million for City-by-City investments, which was $65 million above the governor’s original recommendation. Additional components of the approved fund include:

Helene Schember became the first executive director of the Cornell Center for a Sustainable Future Dec. 3, joining the center as its first full-time staff member.