Montana Legislature Passes $60 Million VC Act
Venture capital investments in Montana may have become a little more attractive last Friday as the Montana House of Representatives passed the Montana Equity Capital Investment Act, moving the legislation to Gov. Brian Schweitzer for his consideration and expected signature.
Montana Gov. Wants More Than $20M Endowment for Economic Development
With a state legislature that only meets for 90 days every two years, opportunity for positive change in Montana's public-supported efforts to build a tech-based economy is limited. For the proposed $20 million Big Sky Economic Development Trust Fund - one of new Gov. Brian Schweitzer's largest economic development initiatives - the 90th day, April 26, is fast approaching.
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
Heinz Endowments in Pittsburgh tapped Bomani Howze to help run its two-person Innovation Economy program.
Montana Fund-of-Fund Launches after Two-year Delay
A long-delayed equity capital program in Montana is on its way to becoming a reality. Montana, which received no venture capital investment in 2006 according to the PricewaterhouseCoopers Moneytree survey, has struggled to attract the interest of venture capital firms. The Montana Equity Capital Investment Act, sponsored by State Sen. Jeff Mangan and signed by Gov. Brian Schweitzer in 2005, was intended to make the state more attractive to outside investors, but never seemed to get off the ground.
People
The Montana SBIR Outreach Program is changing its name to the Montana Technology Innovation Partnership.
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
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.
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
Evan Barrett was named chief business officer of The Governor's Office of Economic Opportunity in Montana.
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
People
Former president and CEO of the Columbus Technology Council William "Sandy" White is the new CEO of the University of Alabama at Birmingham Research Foundation.
NBIA Honors Top Incubation Programs
The National Business Incubation Association (NBIA) recently held its 18th International Conference in Atlanta, honoring excellence in business incubation programs, graduates and client companies. NBIA, a nonprofit organization, works to advance incubation and entrepreneurship. This year’s recipients include:
Useful Stats: 2001 Federal Extramural R&D by State
The National Science Foundation has released a new statistical report entitled Federal Funds for Research and Development: Fiscal Years 2001, 2002, and 2003. Included among the 112 tables are 10 presenting the 2001 data by geographic distribution, performer and federal agency.
People
David Gibson, chief business officer of The Governor's Office of Economic Opportunity in Montana, has accepted a new position as associate commissioner for economic development. Beginning Jan. 3, Gibson will serve under Commissioner of Higher Education Sheila Stearns.
People
Montana Gov.-elect Brian Schweitzer tapped Tony Preite to serve as director of the state Department of Commerce. Priete is currently director of the office of commercialization and economic development outreach at the University of Montana and is a former regional director for the Colorado office of the Economic Development Administration.
FY 2004 TOP Awards to Address Digital Divide in 22 States, D.C.
Earlier this month, the U.S. Department of Commerce's National Telecommunications and Information Administration announced $14.4 million in Technology Opportunities Program (TOP) grants to 27 organizations in 22 states and the District of Columbia. Historically, TOP has been one of the most competitive tech-based economic development grant programs offered by the federal government, and 2004 was no exception – 494 applications were received, requesting $277.1 million.
DOL Announces WIRED Awards
The U.S. Department of Labor (DOL) recently announced the 13 recipients for one of the most anticipated new federal workforce programs to be launched in several years. The $195 million Workforce Innovation in Regional Economic Development (WIRED) program attempts to integrate human capital issues of talent and skill development into larger technology-based economic development strategies.