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SSTI Digest

Geography: Virginia

Amended VA Budget Could Be Kind to TBED

Ah, the difference positive revenue figures make for some states' tech-based economic development (TBED) portfolios! In mid-December, Virginia Gov. Mark Warner introduced an amended 2004-2006 biennial budget that is the most favorable yet during the Warner term for programs to promote economic growth through strategic investments in science and technology.

“Having restored Virginia’s financial stability, we now face the challenge of maintaining it over the long term,” Gov. Warner said in his address to a joint meeting of the Senate Finance, House Finance, and House Appropriations Committees.

The opportunity to fine tune the state's TBED investments comes as 2004 revenue projections were estimated to be nearly $1 billion higher than originally forecast in 2003. In addition to cutting several taxes and shoring up the state's rainy day fund, Gov. Warner proposes the state supplement funding for dozens of initiatives and programs.

People

E. Dana Dickens announced he will step down from the Suffolk City Council (Va.) to become president of the Hampton Roads Partnership, a group promoting economic development in the region.

Useful Stats: NSF State S&E Profiles 2001-2003

The National Science Foundation (NSF) has updated its online center of state science and engineering (S&E) profiles to include data from 2001-2003. The site provides convenient access to a PDF or downloadable Microsoft Excel Worksheet of 31 indicators for each state. A spreadsheet with summary statistics for the entire U.S. also is available.

The profiles present dollar amounts and rankings for federal R&D obligations for 2002 by agency and performer for each state. Information included in each profile is compiled from several federal agencies, including NSF, the Small Business Administration, and the departments of Commerce, Education and Labor.

State S&E Profiles 2001-2003 is available at: http://www.nsf.gov/sbe/srs/nsf05301/start.htm

People

Jan Griffen has accepted the position of Director of Contracts for the National Institute of Aerospace. Griffen was formerly the director of federal programs for the Virginia Center for Innovative Technology.

People

Eugene Huang will replace Virginia Secretary of Technology George Newstrom, who is resigning after two years in the position.

NSF Identifies Best Minority SMET Programs

The need for programs to encourage science, math and technology education (SMET) among most minority groups becomes evident when one consider the nation’s need for a high skilled workforce, the growing portion of the total population divided among minority groups, and the low percentage most minorities represent of science and engineering professionals. The Louis Stokes Alliances for Minority Participation (LSAMP) program in the National Science Foundation (NSF) is one of three federal programs attempting to address the issue.

Different in its approach from the NASA and NIH efforts, the NSF program strives to increase the number of minority students completing a baccalaureate degree in a SMET-related field and enrolling in related graduate program by financially supporting partnerships among academic institutions, industry, government agencies, laboratories and professional organizations. Twenty-eight LSAMPs have been funded in 24 states since the program was created in 1991.

Science & Engineering: Offering Jobs for All Ed Levels

The vast majority of the nation's four million science and engineering (S&E) occupations are held by individuals with a bachelor's degree education or higher; however, a surprising 22 percent - 1.036 million - are not, according to a National Science Foundation (NSF) InfoBrief released last week. The analysis, based on the April 2003 Current Population Survey, reveals 5 percent of S&E workers hold only a high school diploma and 17 percent reported an associate's degree as their highest level of educational attainment.

While not argued in NSF's InfoBrief, the findings support arguments for the important role vocational education and community colleges can play in training a regional tech-based economic development workforce. This is particularly apparent when the data are sorted by occupational group.

Virginia Launches $12M Rural Broadband Initiative

One of the more interesting uses of funds from the national tobacco settlement with the states, Virginia officials announced a $12 million economic development and broadband technology infrastructure initiative to serve more than 25 towns, cities and counties of rural Virginia.

The Regional Backbone/Roots of Progress Initiative (RBI) will create 700 miles of new fiber optic cable that will connect five cities, 20 counties, 56 industrial parks and provide high-speed Internet access to nearly 700,000 citizens and more than 19,000 businesses throughout Virginia at a 20 percent reduction in high-speed Internet access costs. Construction is scheduled to begin in October and expected to be completed by January 2006.

People

The National Science Board recently named Mary Good to be the recipient of the 2004 Vannevar Bush Award for "her life-long contributions to science, engineering and technology, and for leadership throughout her multi-faceted career."

New Resources: ACA Launches Website

Best practices and a how to guide written by real practitioners of angel financing are just two of the new resources available through the Angel Capital Association (ACA). The following papers for understanding and growing a local seed capital activity within a region are available through the association's website:

HHMI To Fund New Va. Biotech Magnet Program

The Howard Hughes Medical Institute (HHMI) announced last month a partnership with the Loudoun County, Va., school district to donate $1 million per year to establish a biotech magnet program for area high school students.

The nonprofit’s support of the Loudoun district was made in connection with a tax break for a new research campus at Janelia Farm, scheduled to open in 2006. The district is hoping some of the nearly 300 scientists expected to work at the new facility will also sponsor student research programs and act as mentors.

An empty wing of the district’s new Dominion High School will house the program that will be open to students through a competitive application process. Students will attend the program every other day, while remaining at their home high school for other classes and extracurricular activities.

Impact Analysis Finds Virginia's CIT Surpassed 2003 Goals

The line was drawn in the sand a year ago. Some felt Virginia's Center for Innovative Technology (CIT), the Commonwealth's lead organization for science and technology, had been set up for failure in a partisan fight for limited public revenues. Like the rest of Virginia's economic development portfolio, CIT took a big hit in the budget cycle as Virginia dealt with a multibillion-dollar deficit in fiscal year 2003. CIT's budget was slashed to $7.8 million, yet its targeted total impact for the year was $266.8 million. Could it be done?

In a word, yes.

Dismissing all doubters, CIT released a report last week of its audited FY 2003 performance that shows economic impact totaling $318.6 million, a return of more than 40 times the Commonwealth's $7.8 million investment.