SSTI Digest
Geography: Texas
TBED Comings and Goings
The Arlington Technology Incubator (Texas) has selected Geoffrey Grant to serve as the new director beginning July 1.
People
Richard Greene, director of the Arlington Technology Incubator and former mayor of Arlington Texas, has been appointed regional administrator of the U.S. EPA.
Dallas-Fort Worth Adds Building Blocks for TBED
During the past two years, efforts have been launched in the Dallas-Fort Worth metroplex to boost its capacity for building a technology-based economy. The efforts have been directed toward increasing public-private cooperation, especially across organizations and jurisdictions that traditionally have thought of themselves as competitors, and conducting a critical review of the area's strengths and weaknesses.
People
Carolyn Stark is the new director of the Austin Technology Council, filling the position vacated by Paul Toprac.
Texas Governor Creates Biotech Council
Last week, Texas Governor Rick Perry announced the formation of the Governor's Council on Science and Biotechnology Development. The Council will strive to create a seamless system of innovation from the laboratory to the marketplace in rapidly developing areas of biotechnology — such as biopharmaceutical development, bioinformatics, genomics and nanotechnology.
Governor Perry described the Council's mission as one that will ultimately bring more research dollars to Texas higher education institutions, encourage university researchers to get products that advance the quality of life to the market, and create biotechnology jobs — and growing companies — across Texas.
Among its responsibilities, the 36-member Council will work to identify ways institutions of higher learning can coordinate efforts to attract federal research funds. Currently, Texas ranks sixth in research funds received from the National Institute of Health and third overall in research expenditures.
Signs of the Times: Dell's Hometown Plans for Future
If one were asked to identify localized examples of the economic spectacle that was the late 1990s, the metro region of Austin, Texas would be on most short lists. A recently completed economic development plan from the tech-soaked Austin suburb of Round Rock, however, reflects the fundamental upheaval or disruption that characterizes the economies of many regions of the country.
Round Rock has grown quickly, doubling in population during the last decade to become the second largest city in the Austin-San Marcos metro area. It is experiencing for the first time, like many other cities emerging in a decade marked by rapid urban sprawl, the challenges of a recession.
2001 Texas Legislature Acts Favorably For Tech-Based ED
More than $800 million for science, engineering, research, and commercialization activities
Each year a few state legislatures are more active than others on issues affecting efforts to grow tech-based economies. With $385 million for research infrastructure, $45 million committed to commercialization and seed financing, nearly $150 million for university and life science research, more than $300 million for college scholarships, authorization to create university commercialization centers, a series of tax credits, and $20 million for a biotech park, the recently concluded 77th legislative session in Texas was one of the busiest and most aggressive proponents nationally for technology-based economic development (TBED).
People
Stefanie Sanford has joined Texas Governor Perry's office as Policy Director for Technology & Telecommunications
Texas Workforce Plan and Governor’s Budget Priorities In Sync
With his past efforts to strengthen the state’s position in the tech-based economy, new Texas Governor Rick Perry’s budget priorities — $251 million in new spending for college scholarships and math & science programs — should come as no surprise.
According to a recent article in the Austin American Statesman, Governor Perry’s budget recommendations will include $211 million in increased funding for college scholarships for lower-income students and $40 million for a new Master Math Teacher program to encourage more K-12 math instruction. Governor Perry cited a technically skilled workforce, built on a strong math and science education, as being needed for the state’s technology economy.
The move, consistent with Perry’s activities while serving as Lieutenant Governor, may foreshadow the Lone Star State taking a more active role in encouraging tech-based economic development.
People
Joel Bauman, Senior Policy Analyst with the Southern Technology Council, is leaving to attend the University of Texas - Austin. Joel has been a great resource for SSTI over the past few years and we wish him success in business school
Texas Passes R&D Tax Credit
On October 1, Texas will begin offering a tax credit for business research and development expenditures. The new law, Texas Senate Bill 441, provides Texas corporations with a franchise tax credit equal to five percent of eligible R&D expenses for up to 50 percent of a company’s total franchise tax liability. Unused portions may be carried forward for up to 20 years.
To be eligible for the credit, R&D expenditures must occur within a Texas Strategic Investment Area, which include: counties with unemployment rates above the state average and per capita income below the state average; or federally designated urban enterprise communities or urban enhanced enterprise communities.
Senate Bill 441 requires the state comptroller to prepare a biennial report on the impact of the R&D tax credit.
A copy of the bill can be viewed on the Texas Legislature website: http://www.capitol.state.tx.us/
Texas Unveils Science & Technology Strategic Plan
Texas' Science and Technology Council recently released a science and technology strategic plan. The Council's vision is to make Texas the nation's leader in science and technology in the 21st century. The plan's premise is that technology is the economic force driving much of the state's current wealth and job creation. The report develops a series of recommendations with the intent of developing the research capacity and human resources Texas will need to ensure economic prosperity in the next century.