SSTI Digest

The role of a technology incubator or accelerator for supporting nascent firms generally is regarded with the utmost importance by the tech-based economic development community. Tech incubators provide essential resources for startup companies to develop and commercialize new technologies, leading to the creation of high-quality jobs.

With estimates suggesting there could be as many as 5,000 incubators of all shapes and sizes worldwide, finding the latest and best practices for tech business incubation could be a challenge. Fortunately, award programs, such as the currently open SSTI's 3rd Annual Excellence in TBED Award, can help call attention to some of the most successful approaches.

In the midst of a national economic recession contributing to a record number of job losses in traditional industries, forward thinking states are exploring ideas and committing funds to help grow and diversify their economies and strengthen their renewable energy portfolios.

Over the past several months, governors, legislators and economic development groups have announced new initiatives aimed at job growth and energy independence in the new economy. The following overview provides a sampling of green energy initiatives and investments from numerous proposals and announcements across the nation.

In support of Gov. Bill Richardson's proposal to develop a workforce trained for 21st century jobs, the New Mexico State Legislature passed two bills this session allocating funds and creating training programs for green jobs. Lawmakers also supported a technology transfer initiative and several measures aimed at growing the state's solar industry.

HB 622 creates a green jobs fund from which higher education institutes will create green job training programs. The fund was initially designed to receive money from bonds issued by the New Mexico Finance Authority; however, that provision was eliminated and now the fund will receive appropriations from federal green jobs programs and any other allocations, according to an article in The New Mexico Independent.

The following overview is a synopsis of select recent announcements from research parks across the nation, including groundbreakings and development plans to support vibrant regional economies based on science, technology and innovation. 

The third installment of the Tech Talkin' Govs series includes highlights from state of the state, budget and inaugural addresses from governors in Minnesota, Missouri, Nevada, and New Mexico.

Minnesota
Gov. Tim Pawlenty, State of the State Address, Jan. 15, 2009

Publisher's Note: SSTI notes with much sadness the March 5 passing of Indiana State Sen. David Ford, following a battle with pancreatic cancer. David was a good friend not only of SSTI's, but also of the tech-based economic development community across the nation. In addition to being a tireless and cheerful advocate for investing in science and technology, he was also a gentleman in the true sense of the word, and we miss him greatly.

David Abbott, executive director of the George Gund Foundation, was elected the new chairman of the Northeast Ohio-based Fund for Our Economic Future. Abbott replaces Robert Briggs of the GAR Foundation, who had served as chairman since the Fund was formed in 2004.

Birgitte Ahring has joined Washington State University as the director of the Center for Bioproducts and Bioenergy and as the Battelle Distinguished Professor, based at WSU Tri-Cities.

New Mexico’s 2008 legislative session wrapped up last week, resulting in no final action on several TBED-related bills and leading Gov. Bill Richardson to call a special legislative session to address his health care reform agenda.

 

Gov. Richardson signed the General Appropriations Act of 2009 and the Junior Budget Bill with minimal vetoes but vetoed a Capital Outlay package, which included $2 million to the board of regents of Northern New Mexico for a proposed solar energy research park ($1 million less than requested) and $3.5 million for clean energy grants to public entities for innovative energy projects within the Energy, Minerals and Natural Resources Department. The legislature passed the capital bill again, giving the governor until March 5 to approve it with individual line-item vetoes, if he deems necessary.

 

John McIver is serving as interim vice president for research and economic development at the University of New Mexico while the school searches for a permanent replacement to Terry Yates, who passed away in December.