SSTI Digest

New York Governor George Pataki, in his 10th State of the State Address last week, outlined a variety of initiatives designed to further promote tech-based economic development (TBED) in the state. From refining the state's Empire Zones program and strengthening the manufacturing sector to making New York a leader in renewable energy and academic research, the governor's agenda is not short on TBED items.

To strengthen the state's Empire Zones, a target of much criticism lately, Gov. Pataki proposes revising it in such a way that reduces the potential for abuse. A comprehensive interagency reporting system, new methods to advance significant economic development projects with "substantial job-creating potential" and accountability measures would be undertaken. Economically challenged communities targeted for redevelopment also would benefit under the governor's plan, which would extend the tax credit program by five years to July 31, 2009.

A new study examining the post-Sept. 11 economy of New York argues the city's traditional approach to economic development, one which has banked on a few favored sectors such as financial and business services, is outdated and should be reconceived.

Engine Failure, a report funded by the Rockefeller Foundation, states that many of New York's troubling trends predate the terrorist attacks on the World Trade Center. Such trends – the FIRE (Finance, Insurance and Real Estate) sector losing jobs and market share to the surrounding region and other major cities, among them – were only accelerated by the after-effects of the Sept. 11 attacks and gains in telecommunications technology. Thus, New York's normally reliable industries are expected to produce minimal employment growth in the coming years.

Merideth Andreucci has succeeded Michael Wilton as president of the USA Niagara Development Corp. Wilton was nominated by Governor George Pataki to serve as President of the New York State Higher Education Services Corp.

State Partnership with Texas Instrument Yields $3B Investment

From the outsider's perspective, it could be analogous to a world wrestling prize fight, except the punches and stakes are real. Two big, proud states wrestling for dominance in one lucrative industry — semiconductors.

For those keeping score, the venerable leader for a long time was Austin, Texas, with the university, Sematech, Dell Corp., and other industries. Austin boomed right along with the IT sector's explosion.

New York Ecomm has changes its name to The Executive Council of New York to better reflect the organization's broader membership and program offerings.

Hempstead (New York) Mayor James Garner was elected to serve as the 61st president of the U.S. Conference of Mayors during its annual meeting this week.

Lewis D. "Luke" Rich, a vice president and Western New York regional director for Empire State Development Corp., is taking early retirement at the end of the year.

Ellis Rubinstein, former editor of the magazine Science, has been appointed to serve as Chief Executive Officer of the New York Academy of Sciences.

Cian Robinson, executive director of Infotech Niagara, has left the position to consult privately.

More than $11 million in two New York State Assembly grants will support several new incubators for Brooklyn and Queens. The investments were recently announced by Assembly Speaker Sheldon Silver and Assembly members representing the two boroughs.

A $4 million investment for the creation of a SUNY Downstate Advanced Biotechnology Incubator project aims to spur the development of a new cluster of biotechnology and medical technology companies in Brooklyn. The project will provide affordable space, services and access to resources essential to start-up companies engaged in the commercialization of technologies developed at SUNY Downstate, as well as to other biotechnology and medical start-ups and early stage companies.

Once completed, the Advanced Biotechnology Incubator will accommodate approximately 32 new start-up companies that are expected to create an initial 200 jobs, with an estimated 400 new jobs within five years.

Kathleen Wise is the new Director of Programs for the New York Office of Science, Technology and the Advancement of Research. She fills the position vacated this summer by Keith Servis.

Earlier this week, New York Governor George E. Pataki and NY Senate Majority Leader Joseph L. Bruno unveiled a new funding program designed to recognize and support outstanding scientists and engineers who, early in their careers, show potential for leadership and scientific discovery in the field of biotechnology.

The James D. Watson Investigator initiative is part of the $225 million Gen*NY*sis program (Generating Employment through New York State Science), which was created to maximize the R&D potential of the life sciences research being conducted at New York State's public, not-for-profit and private academic research institutions.