AUTM: University Tech Commercialization Revenues Continue to Rise
The promise of high-wage jobs, increased business competitiveness and wealth creation makes the commercialization of university research a central element in the technology-based economic development strategies of many states, provinces and regions of North America.
People
The Chicago based Committee of 200, an organization of leading women in business, has named Diane Graham as its new chair.
People
Patrick Rea recently was selected as administrator for the Small Business Administration's six-state region involving Indiana, Illinois, Michigan, Minnesota, Ohio and Wisconsin.
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
People & TBED Organizations
Dr. Daryush Ila, head of the Alabama A&M University Research Institute, was elected to serve as the executive director of the Alabama EPSCoR Steering Committee.
Seven States Share $92M from National Math and Science Initiative
Nonprofit entities in Alabama, Arkansas, Connecticut, Kentucky, Massachusetts, Virginia, and Washington will receive $13.2 million over six years for training and incentive programs for Advanced Placement (AP) and Pre-Advanced Placement Programs. The grants will be used for extensive training of teachers, identification of lead teachers, additional "time on task" for students, and financial incentives based on academic results.
People & Organizations
Robin Schabes, Chicago Mayor Richard Daley's special assistant for technology, has announced her resignation. Schabes staffed the Mayor's Council on Technology Advisors.
TBED Comings and Goings
G. Michael Alder has been named executive director of the Biotechnology Association of Alabama.
TBED Comings and Goings
Tucked in the fine print of Illinois' budget bills was language to merge seven financing agencies, according to the June 11 edition of The Bond Buyer. Among the agencies included in the merger are the Illinois Development Finance Authority, the Illinois Research Park Authority (inactive), the Illinois Community Development Authority and the Illinois Rural Bond Bank.
Specialized Tech Incubators and Research Parks Hope to Build Clusters
Several recent project announcements highlight communities using incubators and research parks, some of the tools for technology-based economic development, in specialized formats to capitalize on existing strengths and nurture additional growth of clusters of related tech firms. Such targeted approaches can help to focus other TBED activities for additional benefits.
People in TBED
Illinois Governor Rod Blagojevich has nominated Jack Lavin to run the newly named Department of Commerce and Economic Opportunity. The agency was formerly called the Department of Commerce and Community Affairs. Lavin was chief financial officer for Rezco Enterprises.
People
Illinois Governor Rod Blagojevich has appointed Julie Curry as deputy chief of staff for economic development and labor.
TBED Briefs
Midwest Angel Network Association Launched in Illinois
People
John Harrison is Governor Bob Riley's pick to serve as director of the Alabama Department of Economic and Community Affairs. Harrison was the Mayor of Luverne, Alabama for the past 14 years.
New Govs Usher in New S&T Personnel
SSTI continues a series begun in last week's Digest, highlighting key economic development and science & technology positions being filled by some of the nation's 24 new governors. Many of these individuals are expected to help set the state's tech-based economic development agenda and determine budget cuts, reorganization plans or program eliminations.
Illinois Governor's Budget Outlines TBED Activities
Speaking to a joint session of the House and Senate, Illinois Governor Rod Blagojevich recently presented his first budget, one that addresses a $5 billion budget crisis.
People
Pam McDonough, director of the Department of Commerce and Community Affairs for the past four years, has been appointed to the Illinois Labor Relations Board by outgoing Governor George Ryan. Joseph Hannon will serve as the department's director for the remainder of Ryan's term, which ends in January.
TBED People
Jacque Shaia, director of the Economic Development Partnership of Alabama, is leaving to pursue a doctorate degree at the University of Alabama.
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.
Illinois Creates $60 Million Tech VC Fund
The Illinois General Assembly has passed legislation to encourage venture capital investment in technology businesses across the state. HB3212 creates the Technology Development Fund, which permits the State Treasurer to use up to 1 percent of the state's total investment portfolio for equity investments through Illinois venture capital firms.
Illinois Quadruples Number of Technology Enterprise Corporations
On Thursday, Illinois Governor George Ryan announced nearly $3 million in state grants for eight Illinois Technology Enterprise Corporation (ITEC) centers, quadrupling the number of ITECs. Funded by the Illinois Department of Commerce and Community Affairs (DCCA), the centers assist technology-based start-up businesses and serve as incubators for the new ventures.
People
The Illinois Biotechnology Industry Organization has appointed David Miller to serve as president, effective September 3.
People
Jim Hayes is serving as interim president of the Economic Development Partnership of Alabama as the group works to fill the position. Hayes was a former director of the Alabama Development Office.
Tech-based ED Prominent in Illinois Governor's '07 Budget Request
Stem cell research, an expanded tax zone redevelopment initiative and faculty/researcher recruitment are all beneficiaries in the fiscal year 2007 budget proposal submitted by Illinois Gov. Rod Blagojevich last week. In addition, while overall funding for the state Department of Commerce and Economic Opportunity (DCEO) is down 16 percent from the FY 2006 appropriation, the governor's request includes several new programs to assist technology entrepreneurship.
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: