SSTI Digest

Sometimes when people are surrounded by others who share backgrounds, beliefs or opinions, they assume everyone thinks that way -- or should. It is one of the negative side effects or symptoms of the phenomenon known as "group think."

It could be easy, for example, for Digest readers deeply immersed in building tech-based economies - surrounded by college-educated researchers, scientists, MBAs, lawyers and engineers - to believe that obtaining a degree after high school is a fundamental key to future economic prosperity. Studies support the idea that the higher level of education attained, the higher one's income will be. We assume the only hurdles are affordability or access and set goals then to double the number of college graduates.

Encouraging economic growth in rural America is the topic of a recent report, a new $500 million economic development investment program, and an upcoming conference worth further investigation.

A child born in the U.S. today who obtains a master's degree directly after college and high school will have been in the job market for only 1-2 years in 2030. Many people in the tech-based economic development community want that girl or boy to study math, science or engineering. A more basic question, though, is where will that child live as a young adult? If you guessed in the West or South, you have a good chance of being right, based on the latest population projections from the U.S. Census Bureau.

The first conference mailer went to the post office yesterday, but we're too excited to delay announcing that the website for SSTI's 9th Annual Conference is now available to accept registrations and provide preliminary information for the tech-based economic development (TBED) community's premier professional development event of the year. The conference will be held on Oct. 19-21, 2005, at the beautiful Intercontinental Buckhead-Atlanta.

While Congress and the Administration are looking for ways to flatten or even reduce spending for research, entrepreneurship and innovation, leaders on the other side of the pond are committing hard currency to strengthening Europe's position in the global, tech-based economy.

In April, the Commission of the European Communities adopted a proposal to invest $4.2 billion Euros ($5.4 billion US) over seven years in the Competitiveness and Innovation Framework Programme (CIP).

With the recent passage of the state's biennial budget, North Dakota's universities and colleges can now compete for a share of $20 million in matching funds to create Centers of Excellence. The money is the first installment of the state legislature's $50 million commitment to the Centers program, which is the centerpiece of Gov. John Hoeven's initiatives to transform the state's economy toward science and technology.

The initiative, unveiled during Gov. Hoeven's 2004 State-of-the-State Address, is designed to pursue academic excellence and spur R&D, new technology, and job creation. Centers will be located on university campuses throughout the state and will focus on technology, aerospace, value-added agriculture, energy, advanced manufacturing, and tourism. Centers must match each state dollar invested with private or non-state public funds.

A ballot initiative designed to bolster the Ohio economy and create jobs by continuing the state’s public works infrastructure program and supporting the commercialization of science and technology-based research was announced last week by Gov. Bob Taft and other legislative leaders. The initiative, to appear on the Nov. 8 ballot, is a second attempt to pass funding for part of the state’s Third Frontier Project, which failed in its first go-round in 2003 (see the Nov. 7, 2003 issue of the Digest).

If approved, the ballot initiative would provide operating dollars to bolster the Third Frontier Project, prepare job-ready sites for industrial development, and renew the public works bond fund, including:

Gov. Donald Carcieri last month announced two new initiatives targeting Rhode Island's science and technology (S&T) and manufacturing industries. On April 12, Gov. Carcieri signed an Executive Order creating the Science & Technology Advisory Council. The council, staffed by a team of tech leaders from local academia, private business and government communities, will advise the governor and General Assembly on the state's S&T priorities, as well as address issues that impact the support and growth of an innovation economy.

The council's first task will be to assess the state's current capacity for innovation in S&T and suggest recommendations to strengthen its capabilities. In addition, the council will support the state's pursuit of federal research funding such as the National Science Foundation's Experimental Program to Stimulate Competitive Research.

Efforts to capitalize Hawaii's $120 million State Private Investment Fund (SPIF) collapsed Friday as a joint conference committee of the state legislature could not reconcile differences between House and Senate versions of the measure. Passage of Senate Bill 1695 was one of Gov. Linda Lingle's top economic development priorities for this legislative session.

The SPIF, created by the Hawaii legislature last year but left unfunded, is intended to encourage venture capital investments in state-based tech businesses using the Oklahoma Capital Investment Fund model of state-backed guarantees on private investments. Established in 1993, the Oklahoma program has been widely replicated in recent years.

States such as Oklahoma must leverage scarce resources if they hope to attract top scientists, stimulate development, and achieve measurable economic impact, says the latest impact report from the Oklahoma Center for the Advancement of Science and Technology (OCAST).

Over the past 17 years, OCAST has been successful in leveraging federal and private funds through its eight major program areas. Since its inception in 1987, OCAST has invested $118 million in R&D, technology commercialization and manufacturing modernization, which was used to attract more than $1.4 billion in private investments and federal funding, according to the report.

As low-skill, labor intensive jobs are increasingly replaced by technology or outsourced in the emerging knowledge-based economy, a two-tiered labor market has emerged, thus presenting a challenge for workers to either work cheaper or work smarter, says a new report from the Southern Growth Policies Board. Only one of those options is appealing for those trying to improve your standard of living.

Refusing to have the region left behind, Southern Growth developed a goal to create the talent pool needed to meet ongoing market needs and opportunities. The Southern Workforce Index is a working plan for tracking the South's progress in developing a knowledge-economy workforce and is intended as a guide for states to pursue their own individualized strategies.

Phil Bond, Under Secretary for Technology in the U.S. Department of Commerce, announced his resignation, effective May 13. A strong supporter of NIST and tech-based economic development, Bond will be missed as he becomes Senior Vice President for Government Affairs at Monster Worldwide.

Diane Duff, former director of economic development and commerce for the National Governors Association, is the new executive director of the Southern Governors' Association.

Gov. Bill Richardson appointed William Enloe, CEO of Los Alamos National Bank, to serve as chairman of the New Mexico Economic Development Partnership.

Randa Hayes is the new director of the business development and trade division of the Missouri Department of Economic Development.