SSTI Digest

Southerners voiced that focusing on innovation and technology-based business operations, supporting entrepreneurship, identifying community asset, developing skilled workforce and increasing community involvement in economic development strategies are vital for the South to recover from the current economic downtown according to a recent report — The Road to Recovery is Named Main Street — from the Southern Growth Policies Board. The report was assembled using comments of over 2,300 citizens from communities across the south. During community gatherings and via online surveys, Southerners discussed not only the challenges and concerns caused by the Great Recession, but also the priorities and potential to build stronger regional economies. Participants provide states, regional economic development organizations and local governments with five key themes: look beyond industrial recruitment, reduce regulation, identify and build on community assets, revamp workforce training and facilitate partnerships.

The Small Business Administration (SBA) announced the selection of 10 regional economic development and job creation efforts through a new pilot program, Innovative Economies, that supports small business participation in regional economic clusters. SBA's funding is designed to expand the opportunities and the role small businesses play in these regional collaborations. The awardees were selected from among 173 applicants. Awards went to organizations in: Alabama, California, Connecticut, Illinois, Michigan, Minnesota, Mississippi, North Carolina, Ohio and South Carolina. Read the full release

Ray Gilley resigned as chief executive of the Metro Orlando Economic Development Commission after nine years on the job. Gilley was responsible for helping lure the Sanford-Burnham Medical Research Institute to Central Florida.

Peter Ginsberg joined the North Carolina Biotechnology Center as vice president of Business & Technology Development.

Leslie Smith was hired as the first general manager of TechTown, Detroit's research and technology park. A Detroit native, Smith previously served as director of business acceleration for the Michigan Economic Development Corp.

Deputy Director Jonathan Taylor will fill the position of director of the Texas Emerging Technology Fund following the resignation of Alan Kirchhoff earlier this month.

North Carolina's Golden LEAF Foundation is seeking proposals for a special $4 million initiative to improve STEM education for 4th-to-9th graders in rural, economically-distressed and/or tobacco-dependent regions of the state. Applicants must be a governmental entity or 501(c)3 organization, and are eligible to receive up to $750,000 in funding. The program is seeking projects that have a regional focus and connect educational outcomes to the needs of local industry sectors. Letters of intent are due September 7, 2010. Read more ...

Specialized and high-tech incubators provide crucial services and resources to promote and enhance Commercialization & Entrepreneurship, one of the six thematic tracks of this year's annual conference. Three sessions tied to this theme will be explored during SSTI's annual conference, focusing on direct lessons from successful and proven TBED programs, regional innovation clustering, and more. They include: Distributed, Non-University Models for Commercializing New Technologies Technology Entrepreneurship: Direct Contact Required Sustaining Entrepreneur-in-Residence & Mentoring Programs

Announcements of new incubators designed to hatch ideas, speed commercialization of university-based inventions, and grow technology-focused companies across the nation are detailed below.

Several components of Gov. Bev Perdue's JobsNOW small business package related to tech-based economic development efforts in North Carolina were approved in the FY11 budget signed into law on June 30. A program to provide matching funds for Small Business Innovation Research (SBIR) will see its budget more than double in the second year of the biennium and life science programs will receive more than $22 million in recurring appropriations. The enacted budget also extends to Jan. 1, 2013 the Qualified Business Investment Venture credit, which provides a capped incentive for angel investment in cutting-edge industry sectors. The governor had proposed raising the cap from $7.5 million to $10 million, a measure that was not included in the final budget.

North Carolina Governor Bev Perdue recently signed off on a package of economic incentives for small businesses, including tax credits for interactive digital media firms, particularly those that collaborate with the state's research universities or community colleges. Digital media companies, including video game studios, are eligible for a 15 percent income tax credit; 20 percent for higher education collaborations. The bill also provides a 35 percent tax credit for research performed within one of the state's Eco-Industrial Parks.

Read the bill ...

Andre Pettigrew, the director of the Denver Office of Economic Development, will become the first executive director of Climate Prosperity Inc., a Washington, D.C., climate-change think tank. LaCharles Keesee, the city's deputy chief financial officer, will assume an interim role as head of the city's economic development department until a final replacement is named.

The Ohio Development of Department has named Karen Shauri director of the Small Business Development Centers of Ohio.

Terri Shelton, director of the University of North Carolina Greensboro Center for Youth, Family, and Community Partnerships has been named the vice chancellor for research and economic development.

Holli Baumunk, vice president of the Metro Denver Economic Development Corporation, has been named president and CEO of the Colorado BioScience Association.

Georgia Gov. Sunny Perdue has tapped Heidi Green to replace Ken Stewart as commissioner of the State of Georgia's Economic Development Department. Green, who currently serves as deputy commissioner for Global Commerce, will assume the new role at the end of June. Beginning July 19, Stewart will become senior advisor on Industry Strategy at the Georgia Institute of Technology.

Marie Johns has been confirmed by the U.S. Senate as deputy administrator of the U.S. Small Business Administration. Johns will be the second-ranking official at SBA, with major responsibility for management, policy development and program supervision.

Tom Rankin has been selected to lead the Washington Clean Technology Alliance as president and chief executive.

Gov. Bev Perdue last week announced a number of proposals designed to grow the state's economy and create jobs by focusing on the small business sector. The JobsNOW Small Business Assistance Package involves three areas of assistance, including tax incentives, statewide support for small businesses, and expanding the N.C. business preference to help small businesses compete for state contracts. Proposals include tax credits for investors in innovative startup companies, expanding the cap from $7.5 million to $10 million on the qualified business venture tax credit, and providing a matching state grant to help North Carolina businesses compete for SBIR funding. Gov. Purdue also is expected to recommend adjustments to the biennial budget next week. Read the press release.

North Carolina State Treasurer Janet Cowell has announced credit services group Credit Suisse will serve as manager of the state's new $230 million innovation fund. The fund, drawn from public pension dollars, will invest in North Carolina-based technology businesses over the next five years. Though full investment guidelines have not yet been developed, investments will be aimed towards high-growth industries, including life sciences, clean energy and other high-tech industries. Read the announcement at: http://www.nctreasurer.com/News/Files/3152010_4123_TREASURER%20COWELL%20ANNOUNCES%20NC%20INNOVATION%20FUND%20FINAL.pdf.

Carl Bauer is retiring from federal service and leaving the National Energy Technology Laboratory effective Feb. 28, following a four-year tenure as the laboratory’s director.

Joining the Pittsburgh Life Sciences Greenhouse as executives in residence are Maureen Peszko and Michael Lang. Pierre Queiroz de Oliveira will be joining the program as an executive associate.

The North Carolina Biotechnology Center has tapped Gwyn Riddick, director of its Piedmont Triad Office, to lead a new statewide agricultural biotechnology initiative as the vice president, Ag/Bio Initiative.