MTDC Profiled in Latest SSTI Program Brief
Established in 1978 and entirely self-supported beginning in 1988, the Massachusetts Technology Development Corporation (MTDC) has one of the longest records of success for state-sponsored venture capital corporations. SSTI has completed an eight-page profile of MTDC as the fourth in an occasional series examining the diversity of approaches to technology-based economic development.
State & Local Tech-based ED Round Up
Birmingham, Alabama
City, Chamber Partner for Birmingham Future as Tech Mecca
If the corporate leaders, educators, scientists, and technology entrepreneurs who make up the Birmingham Area Technology Task Force have their way, Birmingham, Alabama in the 21st century will be a mecca for technology-based businesses and jobs.
Report Credits Worcester's Biotech Success to 1980s ED Policies
With the emphasis many state and local tech-based economic development organizations have placed on biotechnology over the past 12-18 months, few are far enough along in implementing their strategies to point to more than a handful of successes or new construction projects. The recent explosion in public investment of resources and policies toward developing local biotech capacity is largely based on the promise of anticipated economic gains in the near or not-so-near future.
Massachusetts House Announces $110M Plan to Encourage TBED
Details on a $110 million initiative to create more jobs and stimulate the Massachusetts economy were released yesterday by Massachusetts House Speaker Tom Finneran and other state leaders. The initiative, Mass Jobs: Investment and Opportunity, is an innovation-friendly plan to streamline government functions and encourage growth in emerging technology through capital formation, regional development, and stability in regulation and taxation.
TBED Comings and Goings
G. Michael Alder has been named executive director of the Biotechnology Association of Alabama.
MIT Launches $15 Million Research Grant Program
In an era of tight public budgets, sources of seed funding for early stage and developmental research projects with potential for commercialization is getting harder to come by. Many state initiatives to support these endeavors are subject to the same budget cuts as other areas, and small firms' interests in the federal Small Business Innovation Research (SBIR) program are increasing pressure for these already competitive grants.
Guide to Useful Stats: EconData.Net
With more than 1,000 links to socio-economic data sources, EconData.Net provides a convenient and valuable starting point for gathering information to understand regional economies. Funded by the Economic Development Administration, EconData.Net is a 100 percent free website offering easy access to state and sub-state socio-economic data for practitioners, researchers, students and data users in general.
Classified Research at MIT Should Be Off Campus, Panel Recommends
A Massachusetts Institute of Technology faculty committee has suggested that the university provide off-campus facilities to help faculty perform classified public service or research involving the nation’s security. In the Public Interest, a report of the Ad Hoc Faculty Committee on Access To and Disclosure of Scientific Information of MIT, presents recommendations for the university in handling classified work in the wake of the September 11 attacks.
State & Local Tech-based ED News
Buffalo
The Buffalo News reports InfoNiagara, a technology council serving 230 IT companies, has signed a reciprocal membership with the Amherst Chamber of Commerce to increase the benefits offered to both organizations' members. The chamber's 2,300 members gain access to InfoNiagara's training and professional development programs, according to the paper, while the tech council is able to offer its members a variety of insurance programs the chamber has in place.
People
Gary Neil Drummond has been elected chairmain of the board for the Economic Development Partnership of Alabama.
People
Douglas Foy, Secretary for Commonwealth Development for Massachusetts, announced his resignation effective in March.
Harvard Awards Program Seeks Innovators for 2002 Competition
The Institute for Government Innovation at Harvard University's John F. Kennedy School of Government recently announced open competition for its 2002 annual awards program.
Harvard Institute Publishes Profiles on State Economies
As a means of highlighting the performance and composition of state economies, Harvard's Institute for Strategy and Competitiveness, led by Dr. Michael Porter, has published profiles on all 50 states and the District of Columbia.
People
Gov. Don Siegelman has named Anne Payne to director of the Alabama Department of Economic and Community Affairs. Payne has been serving as ADECA's assistant director since last August.
Regional Councils in Massachusetts to Spur Job Growth
Massachusetts Governor Mitt Romney recently announced a plan to spur job growth in the state by tapping the expertise of area business, community and education leaders through Regional Competitiveness Councils. Six such councils will represent the Berkshires, Cape and Islands, Central, Northeast, Pioneer Valley and the Southeast regions of the state.
IT, Biotech Positioning in Massachusetts
Many states and communities are focusing their limited technology-based economic development funds toward cluster development, concentrating on those sectors in which some assemblage already exists within the jurisdiction. Proponents of the approach suggest the public sector is able to maximize its investments in those areas already showing some strength.
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.
Massachusetts' High Tech Sector Hit Hard by Recession, Report Shows
Massachusetts' high tech economy was hammered by the economic equivalent of a nor’easter throughout much of 2002, according to a report released by the Massachusetts Technology Collaborative (MTC). The Index of the Massachusetts Innovation Economy tracks nine industry clusters and 30 economic indicators and documents the declines experienced in the Massachusetts Innovation Economy, which is responsible for one quarter of all jobs in the state.
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.
People
Harvard University President Lawrence Summers announced his resignation this afternoon. Former Harvard president Derek Bok is to serve as interim president for the university.