SSTI Digest
People
Lloyd Chestnut, vice president of research at the University of Montana is leaving to take the position as vice president for research and technology transfer at the University of North Texas.
Christopher C. Foster is the new state technology coordinator at the Maryland Department of Business and Economic Development.
Chris Matthews is the president of the new Chattanooga Technology Council, which held its official kickoff event earlier this month.
Katherine O'Dea has been named executive director of the Rhode Island Technology Council.
People
Lloyd Chestnut, vice president of research at the University of Montana is leaving to take the position as vice president for research and technology transfer at the University of North Texas.
People
Christopher C. Foster is the new state technology coordinator at the Maryland Department of Business and Economic Development.
People
Chris Matthews is the president of the new Chattanooga Technology Council, which held its official kickoff event earlier this month.
People
Katherine O'Dea has been named executive director of the Rhode Island Technology Council.
People
Dr. Leonard Peters is the new director of the Department of Energy's Pacific Northwest National Laboratory.
People
Tom Walker has been named executive vice president and chief operating officer of the Oklahoma Technology Commercialization Center.
People
Congratulations to Steve Zylstra, his staff and the 1,500-plus members of the Pittsburgh Technology Council as they celebrate the organization's 20th anniversary.
RI Governor to Legislature: Double Slater Funding, Attract VC
Rhode Island, like nearly every state in the country, is facing a projected budget deficit in FY 2004. To deal with a $175 million or 6.6 percent shortfall, 21 agencies are facing budget reductions in Governor Don Carcieri's first budget request to the Rhode Island General Assembly. However, demonstrating his commitment to "make strategic investments to promote job growth," Gov. Carcieri calls for increased support for several tech-based economic development initiatives. Topping the agenda is doubling funding for the Slater Centers of Excellence program to $5 million in FY 2004. Gov. Carcieri also proposed eliminating the state's graduated licensing fees to help Rhode Island start-up tech firms and spending $800,000 to jump-start two biotech initiatives.
Fiscal Stress Pervasive in Nation's Cities, State Budget Crises Not Helping
Three-quarters of the nation's cities surveyed by the National League of Cities (NLC) report they are less able to meet their financial needs this year than they were a year ago. This is a sharp increase over the 55 percent of cities that said they were less able to meet financial needs in last year's survey by NLC, the oldest and largest national organization for American cities. The preliminary survey results are based on initial responses from officials in 145 cities to NLC's State of America's Cities Survey on Fiscal Conditions, conducted in February 2003.
Factors contributing to the worsening financial picture in cities include a decrease in aid from state governments. More than one-third of the surveyed cities (36 percent) said the decrease in state funds is the largest source of revenue decline in their cities. At the same time, most cities (81 percent) report they increased spending on public safety in 2003.
Washington Leads in New Company Creation, Index Finds
Washington State still ranks first nationally in the creation of new companies, according to the third annual Index of Innovation and Technology released by the Washington Technology Center (WTC), a state-funded organization that fosters technology employment growth. The Index also shows the number of patents earned by Washington inventors increased by 11 percent from 2000 to 2001.
WTC's Innovation Index considers more than 40 key indicators to characterize the health of the state's innovation economy. Growth, financial capacity, human potential, competitiveness, quality of life, and innovation capacity in Washington all are assessed.
Minnesota Manufacturers Facing Stiff Chinese Competition, MTI Survey Says
Minnesota manufacturers are cutting payrolls, bidding low and scrambling to compete with the giant threat of cheap labor and enhanced manufacturing facilities offered in China, according to a recent survey of Greater Minnesota manufacturing companies.
Funded by Minnesota Technology, Inc. (MTI), the state's lead technology-based economic development organization, the survey finds that most of Minnesota's outstate manufacturing companies are facing increased competition, specifically from Chinese manufacturers. Half of all respondents said that Chinese competition is hurting their business, and others suggested manufacturers have yet to see the benefits of trade with China touted by many free marketers. Of those who said Chinese manufacturing had hurt their business: