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SSTI Digest

Geography: Ohio

TBED People & Orgs

Tom Walker is departing i2E to join TechColumbus as CEO. Walker, a founding member of i2E, has served the private nonprofit for 14 years. Walker replaces Tim Haynes, who has been serving as interim CEO.

Mark Herzog will step down as executive director of the Virginia Biotechnology Association on June 1. Herzog will serve as senior vice president for corporate and government affairs at Health Diagnostic Laboratory, a Richmond-based company that conducts clinical tests.

Mississippi Gov. Phil Bryant named Brent Christensen executive director of the Mississippi Development Authority. For the past 10 years, he has served as president and CEO of the Gainesville Area Chamber of Commerce in Florida.

James Grunke has been named the president and CEO of the Missoula Economic Partnership. Grunke has been the interim director for the past six months.

Steve VanNurden has been named president and CEO of Fitzsimons Redevelopment Authority, beginning in late May. VanNurden currently is chair of Mayo Clinic Ventures.

Higher Ed Funding Proposals Fizzle in FL, OH

Proposals introduced in Florida and Ohio would have changed the funding model for universities that meet certain benchmarks to elevate their standing for research and innovation. Both proposals ultimately were rejected, however. In Ohio, the state's plan for enterprise universities is on hold, and in Florida Gov. Rick Scott recently vetoed a bill to establish preeminent universities.

With broad support in both chambers, The Florida Legislature passed HB 7129, the Academic and Research Excellence and National Preeminence Act. The measure would have allowed the University of Florida and Florida State University to set tuition at differentiated and market rates with the ability to set tuition rates higher for different types of programs. The goal was to elevate the university system's global standing for research and innovation.

Ohio State, Ohio University Establish $35 Million Venture Capital Fund

The Ohio State University and Ohio University announced a new $35 million venture capital fund to address the lack of critical, early stage funding for innovative technology ventures in the state. Ohio State will contribute $20 million and Ohio University will provide the remaining $15 million. The universities also committed to leveraging their resources and assets to support entrepreneurial activity and venture creation in Ohio. Read the press release...

National Broadband Adoption Stagnant, TechNet Finds

A new report from TechNet finds that on the two-year anniversary of the National Broadband Plan aimed at getting more Americans to use broadband at home, the adoption rate remains about the same. The study identifies several reasons behind the plateau and calls for better coordination among policymakers and private stakeholders to improve adoption rates. Meanwhile, some states have big plans in the works to improve their broadband networks, including governors in Hawaii and New York pushing for funding to expand Internet access to underserved areas. Ohio's governor is taking a different approach in hopes of attracting new employers and cutting-edge researchers with a $10 million state-led initiative boasting broadband speeds that officials say would far exceed the rest of the nation. The TechNet report finds the number of Americans with broadband at home has remained around 65 percent since 2009 when the National Broadband Plan was implemented under the American Recovery and Reinvestment Act (ARRA). At the same time, smartphone adoption and apps usage has grown significantly.

Tech Talkin' Govs: Part V

The fifth installment of SSTI's Tech Talkin' Govs' series includes excerpts from speeches delivered in Ohio, Oklahoma and Pennsylvania. The first four installments are available in the Jan. 11, Jan. 18, Jan. 25, and Feb. 1 editions of the Digest. Ohio Gov. John Kasich, State of the State Address, Feb. 7, 2012 "And today I want to tell you about the best technology resource that you've never heard of. It's buried underground in Ohio. This will set us apart from every other state in America. "It's beyond high speed Internet. And I'm announcing today we're going to increase the speed of OARnet, from 10 gigabytes per second to 100 gigabytes per second and what does that mean? It's not Back to the Future with gigabytes. I mean, this really means something. ... This allows our research hospitals and universities to compete more successfully for the research grants that create breakthroughs in jobs. ... "We're also saying that it's not good enough to do research. If you don't commercialize and create jobs, what's the point? I can find you research on a top shelf in a building 140 years from now. Commercialize. Create jobs. Spinoff companies.

Cleveland Clinic Innovations Receives Unexpected $10M Donation

West Virginia coal-mining and farming businessman James C. Justice II confirmed a $10 million donation to Cleveland Clinic Innovations this week, according to an article in the Cleveland Plain Dealer. The gift will be used to establish a chair in medical innovation, to fund patent applications and to provide space and seed funding to early stage businesses. Inspired by the move, Cleveland Clinic Innovations Chairman Thomas Graham announced that he will contribute an additional $1 million for patent applications.

TBED People

The Idaho Department of Commerce has named Gynii Gilliam as its new chief economic development officer. Gilliam brings more than 20 years of experience to the position. Most recently, she served as executive director of Bannock Development Corporation.

David Kerr, director of the Missouri Department of Economic Development, will step down from the position Dec. 31.

Tim McLaughlin and Bob Merritt have been selected for leadership positions within the Delaware Economic Development Office. McLaughlin, formerly with the Delaware State Housing Authority, is taking over as director of business development, overseeing DEDO's recruitment efforts. Merritt, who was vice president of the First National Bank of Wyoming's loan department, joins DEDO as capital resources director, overseeing management of Delaware's Strategic Fund.

TechColumbus has appointed Tim Haynes, vice president for membership and marketing, as interim CEO beginning Jan. 1. Previously, Ted Ford, who spent six years as the organization's CEO, announced his plans to leave the post at the end of this year.

Universities Commit to Initiatives that Foster Innovation and Entrepreneurship

With increasing pressures from state and local policymakers to show a return on investment, universities and colleges across the country are stepping up their efforts to transform innovative ideas into ready-for-market products and develop a new generation of entrepreneurs that will spur regional and state economic growth. Recently, several universities announced new initiatives to foster innovation and build entrepreneurial capacity including: Auburn breaking ground on a new $28.8 million science center; Harvard's Innovation Lab opening its doors; and, The LaunchPad Ohio announcement at four universities in Northeast Ohio.

Auburn Science Center

Election Results: Higher Ed Financing Measures Pass in LA, TX

Louisiana and Texas voters approved measures to provide funding sources for student loans while voters in Colorado rejected a measure that would have temporarily increased taxes to offset cuts for public schools and colleges. Meanwhile, Ohio voters repealed a bill passed earlier this year limiting collective-bargaining rights of state employees. Official results are outlined below:

TBED People & Orgs

Jeffrey Brancato has recently joined NorTech as vice president. Prior to joining NorTech, Brancato was the associate vice president for Economic Development at the University of Massachusetts.

Randal Charlton has announced his retirement as executive director of TechTown, the Wayne State University research and technology park. Leslie Smith, the general manager of TechTown has been appointed to fill the position beginning Nov. 1.

Martin Briley has been named CEO and president of the Virginia Economic Development Partnership. Since 1997, Briley has been executive director of the Prince William County Department of Economic Development.

Richard Baier, Nebraska's Department of Economic Development director plans to step down at the end of Oct. to take an executive-level position with the Nebraska Chamber of Commerce.

Which Metrics Really Matter?

We've all heard politicians overhype a development project — it could be the recruitment of a large manufacturer or a new economic development-related public initiative. We cringe as the figures are often unrealistic, under-researched or over-multiplied. A front page article in a recent Wall Street Journal (subscription required) highlighted this problem quite plainly. Public radio program, This American Life, thought it worth an entire hour-long episode.

Governors' Races and Ballot Preview 2011

In what is considered typical for an odd-numbered year, only 34 questions have been certified in nine statewide ballots this election year. Some of those measures include redirecting funds to support higher education, revenue enhancements for states, and repealing legislation that limits collective bargaining for public employees.

Ballot Initiatives

Colorado
Voters in Colorado will decide on a measure to increase the state income and sales tax to 5 percent and 3 percent, up from 4.63 percent and 2.9 percent, respectively. Reports estimate the measure would generate about $3 billion to help fund education. The measure is Proposistion 103.