SSTI Digest

New York Governor George Pataki recently announced a multimillion plan to transform the aging 300-acre W. Averell Harriman State Office Building Campus in Albany, N.Y., into a world-class research and development technology park.  "The transformation of the Harriman Campus will provide opportunities for researchers and entrepreneurs to work together right here in the Capital Region, attracting technology businesses and building new industries, to create high quality, high-tech jobs for 21st century," Gov. Pataki said in a press release.  The plan paves the way for $304 million in combined public and private investment to help renovate aging facilities at the campus and to develop new office space. 

Small businesses bearing a critical role to the regional economies of upstate New York must overcome several barriers to growth if they are to enjoy future success, suggests a report by the Buffalo Branch of the Federal Reserve Bank of New York. Conducted in partnership with the Center for Governmental Research, a non-profit organization based in Rochester, N.Y., Small Business: Big Challenge — A Survey of Small Firms in Upstate New York identifies the chief barriers to growth of more than 4,000 small businesses in western and central New York State. The survey also spells out the ways new technologies have impacted the region's small firms, more than one-third of which were reported to have expanded in the last three years.

James Hayward, CEO of a biotech materials supply company, has been named the first chairman of the Long Island Life Sciences Initiative. Joseph Scaduto is serving part-time as the new executive director for the group.

With disaster comes opportunity for dramatic changes to occur through the healing and rebuilding processes. Floods, hurricanes and tornados have helped to energize devastated areas into becoming more vibrant communities. The deep recession of the late 80s and restructuring of many key industrial sectors ushered in many state tech-based economic development programs, the benefits of which are being felt more than a decade later.  In The Future of the Tech Savvy City, Joel Kotkin, a senior fellow at the Center for an Urban Future, argues that the need to rebuild New York City with the World Trade Center attacks and its aftermath can be the impetus to strengthen the city's position in a knowledge-based future. 

Declaring September “Nonprofits & Technology Month,” the Foundation Center has launched a website presenting myriad financial and technical assistance resources to support the acquisition and use of information technology in nonprofit organizations. Included in the site are several categories including: Community Development Resources; Corporate Funders; Digital Divide Resources; Disability Resources; Federal Government Resources; Foundations; E-Philanthropy Resources; Other Funding Sources; Software/Hardware Resources; Technology Assistance and Training Resources; Technology News, Newsletters, and Online Forums; Telecommunications Resources; and Web Development Resources. The site is http://fdncenter.org/pnd/npotech/ 

With so much attention given to increasing private seed and venture capital activity as a means of growing tech-based economies, one might expect that encouraging and attracting community development venture capital (CDVC) – that is, equity investments and entrepreneurial assistance to meet both profit targets and community development goals – would be a common element of a state or local community’s portfolio of economic development tools. Increasingly it is, according to the first in-depth research on the state of the CDVC industry, released recently by the Community Development Venture Capital Alliance (CDVCA). In fact, the study, prepared by Harvard Ph.D candidate Julia Sass Rubin, found more than 50 CDVC providers actively investing or in formation at the beginning of 2000 – up from a mere handful only five years ago. The combined capitalization of these providers at the end of 1999 was $300 million.

With the 1994 School-to-Work Opportunities Act sunsetting this year and the increasing importance of developing a skilled workforce for a tech-based economy, many are asking if the initiatives launched or expanded by the Act have been successful. According to School-to-Work: Making A Difference in Education, a new report from the Institute on Education and the Economy at Columbia University, early results are encouraging, but there are areas for improvement given the opportunity presented by reauthorization.  To prepare their findings the Institute reviewed the findings and conclusions of more than 130 local, state, regional, and national studies completed on School-to-Work programs. A complete bibliography is included at the end of the document.  Accomplishments 

In what could be the largest private sector commitment yet to a single industry/university research center, Corning, Kodak ,and Xerox have combined to pledge a staggering $45 million toward establishing a Center of Excellence in Photonics and Optoelectronics in Rochester, N.Y. The three corporate giants also committed to help raise another $30 million from other private sector companies for the new partnership involving New York State, higher education, and private enterprise. University partners include the University of Rochester, the Rochester Institute of Technology, the University at Albany, Rensselaer Polytechnic Institute, Alfred University, and Cornell University.

Whether it is proposal A, proposal B, or some combination of A and B, university research and development efforts in New York stand to gain an additional $40-50 million per year for the next five years. The new funding would be in addition to the $135 million injection of state funding directed toward university research excellence through the New York State Office of Science, Technology and Academic Research (NYSTAR). While both proposals focus heavily on university research, the initiatives vary substantially.

With significant emphasis on academic research and commercialization, the New York Office of Science, Technology, and Academic Research (NYSTAR) has provided Governor George Pataki its first strategic plan. The $130 million NYSTAR, which absorbed the functions of the NY State Science and Technology Foundation, was formed in 1999 as a result of the state’s Jobs 2000 legislation (see the 12/3/99 issue of the SSTI Weekly Digest). 

The plan calls for several new academic initiatives: 

New York Governor Pataki has nominated Dr. Russell Bessette to serve as the Executive Director of the New York Office of Science and Technology (NYSTAR). His appointment is subject to confirmation of the New York State Senate. Dr. Russell Bessette is a clinical professor at the SUNY Buffalo School of Medicine's Department of Surgery, the Executive Director of Research at the Buffalo Technology Transfer Center at Sisters Hospital in Buffalo and a reconstructive plastic surgeon at the Head and Neck Center at Sisters Hospital.

Governor Pataki appointed Dr. Roland Schmitt, president emeritus of Rensselaer Polytechnic Institute, as chairman of the NYSTAR advisory board.