Governor Establishes Alabama Research Alliance by Executive Order
Last week, Governor Don Siegelman signed Executive Order Number 71, which establishes the Alabama Research Alliance, a partnership among Alabama’s research universities, the business community and state government. The mission of the research alliance is to foster economic development in Alabama by investing in existing and new research initiatives at Alabama’s research universities.
TBED Programs Changing with the Times
Economic downturns have a way of encouraging states, universities and communities to assess, refine and re-invigorate their strategies to promote growth and prosperity. The current recession is no exception. With the widely recognized roles played by science and technology in economic success, the news of changes and additions to tech-based economic development strategies from across the country is not too surprising. Here are some recent highlights:
Hawaii Lawmakers Pass Two Bills to Encourage VC Investment
To encourage investment in high tech companies, the Hawaii Senate recently passed Senate Bill 1695, authorizing $120 million for the State Private Investment Fund (SPIF) and Senate Bill 1696 to allow fiduciaries to make equity investments.
TBED Organizations & People Update
Robert Rosner, chief scientist for the Argonne National Laboratory, will be the lab's new director.
Tech Talkin' Govs 2005, Part Four
The first three installments of SSTI's annual look at how TBED will play in the 2005 legislative priorities of the governors can be found in the Digest archives on our website: http://www.ssti.org/Digest/digest.htm
Hawaii
People & TBED Organizations
Dr. Russ Lea has been named vice president for research at the University of South Alabama.
People & TBED Organizations
John Weete, president and executive director of the West Virginia University Research Corp., was named executive director of the Auburn Research and Technology Foundation. Weete starts his new position Sept. 1.
People & TBED Organizations
Gov. Linda Lingle announced 18 appointments to the Hawaii Innovation Council, which will work with groups statewide to increase the economic impact of Hawaii's innovation resources. Co-chairmen include Mark Benioff, Ron Higgins and Jay Shidler.
People & TBED Organizations
Heinz Endowments in Pittsburgh tapped Bomani Howze to help run its two-person Innovation Economy program.
Hawaii Commission Recommends Greater Accountability for High-Tech Investment Tax Credit Program
A recent report from Hawaii’s Tax Review Commission recommends the state eliminate or drastically overhaul its five-year old tax credit for high-tech investors. According to the report, the current credit provides no clear advantage to the state and appears open to taxpayer abuse. The commission was particularly troubled by the lack of data provided by taxpayers who were approved for the credit and by the lack of transparency concerning the credit within the state’s Department of Taxation.
Hawaii Supplemental Budget Request Expands Funding for Innovation Initiatives
Building on a successful legislative session in 2007, Gov. Lingle is requesting additional funds to supplement various ongoing TBED programs.
Hawaii, DOE Partner toward Ambitious Clean Energy Goals
With the goals of reducing crude oil consumption by a whopping 72 percent and identifying clean energy sources to cover 70 percent of the state’s energy needs by 2030, Hawaii has signed a memorandum of understanding (MOU) with the U.S. Department of Energy (DOE) to figure out exactly how to get the job done under the Hawaii Clean Energy Initiative.
Alabama Directs $35.8M to STEM Initiative
Alabama Gov. Bob Riley and lawmakers recently gave the state's Department of Education a substantial boost by increasing the budget for the Alabama Math, Science and Technology Initiative (AMSTI) by two-thirds for fiscal year 2008 – a leading example in science, technology, engineering and math (STEM) education.
People & Organizations
Bill Johnson, formerly the director of the Alabama Department of Economic and Community Affairs, left his position to become the grassroots coordinator of Gov. Bob Riley's re-election campaign. Doni Ingram, who was the agency's assistant director, is now acting director.
People
The Birmingham News reports Michael Alder, executive director of the Biotechnology Association of Alabama, is leaving to become director of technology finance at Brigham Young University.
People & Organizations
Yuka Nagashima was named executive director of Hawaii's High Technology Development Corporation.
People
Guin Robinson is the new director of the newly created Talladega office of the Alabama Technology Network.
Southern Growth Offers Index Tool for Creating Stronger Communities
The bottom line for all regional economic development initiatives should be improving the quality of life for the area's residents. A new report from the Census Bureau — revealing the increased percentage of the U.S. population living in poverty and median household income remaining flat again, after two years of decline — provides a not-too-subtle reminder for the technology-based economic development (TBED) field.
People
John Shields, president of the Alabama Technology Network since 1996, stepped down June 30. Mike Bailey is the new president.
Three for Rural America
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.
$120M Investment Fund Fails in Hawaii Legislature
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.
Tech Talkin’ Govs, Part V
The fifth installment of the Tech Talkin’ Gov’s series includes highlights from State of the State Addresses delivered in Alabama, Connecticut, Minnesota and Wyoming.
Alabama
Gov. Bob Riley, State of the State Address, Feb. 6, 2008
Hawaii’s Investment in State TBED Agencies to Increase Dramatically in Proposed Budget
Hawaii Gov. Linda Lingle has submitted her budget proposal to the state legislature for the fiscal biennium 2007-09, including significant increase in the amount allocated for certain state economic development entities. The High Technology Development Corporation (HTDC), a state agency that develops and supports Hawaii’s science and technology resources, would grow from average annual expenditures of $4.2 million in the 2005-07 biennium cycle to $9.8 million in the next cycle.
More Women Specializing in Biomedical, Environmental Engineering
Overall retention rates for female engineering graduates has remained steady over the last few years, and according to the latest survey from the American Society for Engineering Education, a significant percentage of women are focusing on the less traditional fields of engineering.
Tech Council News
Convergence Group Formed in Silicon Valley