Expanded Funds for TBED in North Carolina FY 2008-09 Budget Adjustment
Operating with a $152 million surplus for the current fiscal year, Gov. Mike Easley unveiled his recommended budget adjustments for FY 2008-09 earlier this week, providing additional funding for university projects and expanding TBED initiatives. North Carolina is one of a shrinking number of states to still project black ink for its next fiscal year.
Southern States Advance Several TBED Initiatives into 2009
Legislators in Alabama, South Carolina and Tennessee recently approved spending plans for the upcoming fiscal year. Highlights of appropriations supporting TBED are included below.
Alabama
People & TBED Organizations
The U.S. Department of Commerce's Economic Development Administration (EDA) recently announced Ben Franklin Technology Partners (BFTP) as the winner of the "Excellence in Technology-led Economic Development" award, as part of EDA's Excellence in Economic Development Awards 2008. BFTP, created in 1983, has regional offices in Lehigh Valley, Philadelphia, Pittsburgh and State College.
People & TBED Organizations
The Aerospace, Manufacturing and Information Technology (AMIT) Cluster of Southern Arizona has consolidated its operations with the Arizona Technology Council.
NIH Changes Peer Review, Commits $1B for Transformative Research
As annual appropriations for the National Institutes of Health (NIH) flattened – at the same time more and more states and universities are increasing their investments in academic bioscience research capacity – competition for NIH grants has heightened. Reports indicate investigators in the early stages of their careers and transformative research have been the victims of the squeeze.
Incubator RoundUp: Encouraging Entrepreneurship and Supporting Tech Commercialization
Technology-focused incubators are an important component to fostering entrepreneurial development in a region by nurturing businesses in the earliest stages of development and helping them grow into larger companies that employ high-wage workers and bring new technologies to the market. The following select announcements provide an overview of new incubators from across the nation, illustrating the vital role of entrepreneurial development in growing high-tech regional economies.
People
Peter Hermann was selected as the N.C. Technology Association's new CEO. Hermann replaces Joan Myers, who took a position with a software company.
People & TBED Organizations
E. Norris Tolson is officially the president and CEO of the North Carolina Biotechnology Center, having served as interim CEO since January.
North Carolina Lawmakers Fund Major Research, Education, TBED Initiatives
After running on a month-long stopgap budget, North Carolina lawmakers reached a $20.7 billion budget agreement for fiscal year 2007-08 earlier this week that includes funding for major research initiatives, public and higher education, and TBED-related items.
People & TBED Organizations
Tom Clarkson is the new chief executive officer of Wake Forest University's Babcock Demon incubator. Clarkson replaces Paul Briggs, who retired.
People & TBED Organizations
Joan Myers resigned as president and chief executive of the North Carolina Technology Association to join the global public policy division at a local software company. Myers' resignation is effective Aug. 21.
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.
People & TBED Organizations
The Idaho communities of Greenleaf, Homedale, Grand View, Marsing, Melba, Parma and Wilder have formed the Western Alliance for Economic Development.
People
Christopher Price is the executive director for the Piedmont Triad Research Park and senior vice president, Wake Forest University Health Sciences.
RTI International Seeks Economic Development Analyst
RTI International, an independent, nonprofit research organization based in Research Triangle Park, N.C., is seeking someone for the position of economic development analyst.
North Carolina Research Campus Announced
Two years ago, Kannapolis, N.C., was reeling from the announcement that Pillowtex Corp, a major textile manufacturer, was filing for bankruptcy. Pillowtex's failure resulted in more than 4,500 jobs lost in just two North Carolina counties and thousands more in the Southeast U.S.
People
The Fuqua School of Business at Duke University announced that Jon Fjeld is the executive director of its recently unveiled Center for Entrepreneurship and Innovation.
People
The Greensboro, N.C.-based Nussbaum Center for Entrepreneurship has a new president, Michael Hentschel.
People
Dan Lynch was named president of the Greensboro Economic Development Partnership.
Task Force Created to Attract VC to Southern Region
The South represents 20 percent of the nation's economic activity but attracts only 9 percent of the total U.S. venture capital invested. In an effort to bring those numbers closer together, the Southern Growth Policies Board recently announced the creation of a multi-state task force dubbed VentureSouth. Virginia Gov.
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.
Index Reveals South Lags Overall U.S. Workforce
As low-skill, labor intensive jobs are increasingly replaced by technology or outsourced in the emerging knowledge-based economy, a two-tiered labor market has emerged, thus presenting a challenge for workers to either work cheaper or work smarter, says a new report from the Southern Growth Policies Board. Only one of those options is appealing for those trying to improve your standard of living.
People
Diane Duff, former director of economic development and commerce for the National Governors Association, is the new executive director of the Southern Governors' Association.
TBED Efforts to Double Size of Western Carolina University
Western Carolina University (WCU) Chancellor John Bardo recently unveiled plans for a comprehensive regional economic development strategy that would more than double the size of the campus and promote university-industry partnerships.