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SSTI Digest
Virginia Governor Creates Office for Telework, Broadband
With an eye toward easing traffic congestion, air pollution, and distributing employment opportunities more widely around Virginia, Gov. Timothy Kaine has created an Office of Telework Promotion and Broadband Assistance. The Office will encourage and promote telework activities for public and private employers, and work to advance innovative models that expedite the deployment of "last-mile" broadband technologies throughout the Commonwealth.
"Telework is a family-friendly, business-friendly public policy that helps us recruit and retain a high-quality workforce in a competitive job market," Governor Kaine said. "It also protects environmental quality and promotes energy conservation by reducing traffic congestion and vehicle emissions. Telework also allows a better balance between work and family."
Useful Stats: Revised Per Capita Personal Income by State, FY 2003-2005
The U.S. Bureau of Economic Analysis (BEA) recently released revised estimates of state personal income from 2003-2005. According to BEA's data, the U.S. as a whole showed an increase of 9.64 percent in per capita personal income over the three years. Twenty-seven states experienced per capita personal income growth greater than the national average. The District of Columbia ranks first at 15.66 percent, followed by Wyoming (13.96 percent), Hawaii (13.81 percent), Oklahoma (13.21 percent), Nevada (12.61 percent), Alabama (12.46 percent), Florida (12.38 percent), New Mexico (12.33 percent), Maryland (12.18 percent) and Idaho (12.01 percent).
The District of Columbia topped the nation in per capita personal income from 2003-2005. The remaining top 10 states showed little movement over the three-year period — Connecticut, New Jersey, Massachusetts, Maryland, New York and New Hampshire held their ranks among the top seven, respectively, and Colorado remained at 9. However, Minnesota dropped two ranks to 10 in 2005 and Virginia moved up two ranks to 8 in 2005.
What's Next for TBED?
While politicians across the nation are worrying about where their paycheck will come from in January, TBED programs are determining the best investments elected officials should make for transforming regional economies to be more competitive in a knowledge economy. Join SSTI in Oklahoma City Nov. 1-2 to learn about some of the most successful TBED strategies around the country and trends that should influence future directions. More information is available at http://www.ssti.org/conference06.htm.
Job Corner: SDBIO Seeks Executive Director
The South Dakota Biotech Association (SDBIO) is seeking an executive director to manage and coordinate its daily operations, communications initiatives, government relations, member services, and marketing. The executive director will establish a yearly budget and determine funding sources, develop a strategic plan for growth and expansion, and carry out duties, as set by the board of directors. A bachelor's degree is required; an MBA or J.D. degree is preferred. Background experience with government or business also is preferred. More information on this opportunity and others is available through the SSTI Job Corner at http://www.ssti.org/posting.htm.
OCAST Allocates its $10M Budget Increase
The Oklahoma Center for the Advancement of Science and Technology has announced a trio of new programs. Last month, the OCAST governing board approved a business plan for 2007 that committed $10 million of recently appropriated revenue for high-tech development. OCAST is devoting much of this funding to a new seed capital program, awards for plant science research, and a program to encourage the use of nanotechnology in manufacturing.
The OCAST Seed Capital Fund is a $5 million program to provide an accessible source of seed capital to technology entrepreneurs. Firms may apply for equity and other investments, with the stipulation that they receive additional co-investment from private or other non-state capital sources. OCAST's board and an appointed Investment Committee will oversee the program's operations. The Fund will issue its first RFPs in January 2007.
U.S. Toppled in Global Competitiveness Report
Falls from First to Sixth in Updated Index from World Economic Forum
Switzerland, Finland and Sweden are the world's most competitive economies, according to The Global Competitiveness Report 2006-2007 released Tuesday by the World Economic Forum. Denmark, Singapore, the U.S., Japan, Germany, the Netherlands and the United Kingdom complete the top 10 list, but the U.S. shows the most pronounced drop, falling from first to sixth.
"The top rankings of Switzerland and the Nordic countries show that good institutions and competent macroeconomic management, coupled with world-class educational attainment and a focus on technology and innovation, are a successful strategy for boosting competitiveness in an increasingly complex global economy," said Augusto Lopez-Claros, chief economist and director of the World Economic Forum's Global Competitiveness Network.
Tennessee Innovation Strategy Targets High-Tech Research Jobs
Gov. Phil Bredesen has released a comprehensive job creation strategy with a particular focus on producing high-quality research jobs by supporting statewide innovation. Announced earlier this month, "Next Steps: Job Creation" is a four-point plan intended to attract and foster new businesses.
The strategy addresses the state's need to develop a more skilled workforce, invest in broadband and utility infrastructure, encourage local economic development leadership, and provide incentives to high-tech entrepreneurs. Bredesen, who has unveiled the plan with less than two months remaining in his bid for re-election, believes that the plan will help spur the state's job market by creating a more appealing business climate. One part of the plan, the new Innovation Tennessee initiative, will directly assist entrepreneurs and researchers in bringing their ideas to market.
Milken Finds California, U.S. Lead Biotech Transfer
Separate MERIT Study of European Tech Transfer Contradicts Some Conclusions
A new study from the Milken Institute confirms the success of California universities in commercializing life science research and reaffirms the international leadership of the U.S. in transfer of biotechnology from universities. Using some of the same data, however, a recent paper from the Netherlands found European tech transfer rates have been generally underestimated and intercontinental comparisons not as easy as one might assume.
Milkens Findings
Whither U.S. Industry?
The stock market is flirting with record highs. Venture capital coffers are overflowing. Most states and national tax revenues are greater than projected. The bad boys of Enron and Worldcom are in jail. Everythings right in the corporate world, right?
Perhaps. But the generalized character of the U.S. industrial sector emerging in the 21st century seems to be one quite different than the past according to three new papers and tech-based economic development efforts will see the impact if several trends in particular continue to develop along their current lines.
Job Corner: EMTEC Seeks Candidates for Three Positions
The Edison Materials Technology Center (EMTEC), a collaborative technology development organization based in Ohio, has position openings for a Small Business Development Center (SBDC) program lead center director/business counselor and two Procurement Technical Assistance Center (PTAC) program positions. The SBDC position is responsible for directing a nine-county SBDC program in the Dayton region. The two PTAC positions, respectively, are responsible for directing a 33-county PTAC program in the Dayton, Cincinnati and Columbus regions and for providing counseling efforts to the PTAC office in the Columbus region. More information on these opportunities is available through the SSTI Job Corner at http://www.ssti.org/posting.htm.
How Should TBED Adjust to the Changing Face of U.S. Industry?
How Should TBED Adjust to the Changing Face of U.S. Industry? Join your peers and colleagues from around the country at SSTI's annual conference to discuss the trends described in "Whither U.S. Industry" (see story above) and other critical issues. More information is available at http://www.ssti.org/conference06.htm.
SSTI Conference Brochure Available Online
SSTI is pleased to give regular Digest readers the first peek at a PDF version http://www.ssti.org/Conf06/brochure.pdf of the brochure for SSTI's 10th Annual Conference, Transforming Regional Economies, to be held in Oklahoma City on October 31- November 2, 2006.
A quick glance at the brochure reveals why the event is the premier professional development experience of the year for the tech-based economic development (TBED) community. The brochure includes:
- The full conference agenda with a keynote address focusing on the role of the media transforming regional economies;
- 23 breakout sessions covering the most important issues for today's TBED practitioner, drawing session presenters, panelists and participants from the country's top organizations;