Since her inauguration in January, Arizona Governor Janet Napolitano has pushed legislation intended to increase university tech transfer and commercialization (see related item in this issue). But will it work? Do economic incentives really encourage university researchers to pursue commercialization goals? Or are academics "pure" scientists, truly beyond monetary motives as many would argue?

Arizona Legislation to Encourage Tech Transfer Awaits Voters' Approval

Within two years, Indiana's agency for promoting economic development will become a quasi public-private partnership similar in concept to the Michigan Economic Development Corporation.

While in Minnesota, an agreement that resolved the budget impasse gives the state's lead science and tech organization a 12-month timeline to fully privatize from the state's support.

Timothy Monger is the new executive director for the Indiana Department of Commerce, Monger replaces Thomas McKenna, who has taken the position as cheif of staff to the Lieutenant Governor.

To help formulate the best approach for the state to deploy to help build a stronger technology sector, Arizona Governor Janet Napolitano has established a state advisory group of consisting entirely of high tech business leaders.

Todd Bankofier has been appointed president of the Arizona Technology Council.

Arizona Governor Janet Napolitano named Gilbert Jimenez to lead the Department of Commerce and has asked Gail Howard to serve as her policy advisor on economic development. Jimenez was Bank One International's Senior Vice President and Regional Manager for Mexico/Latin America. Howard comes to the administration from Arizona State University, where she has served since 1990 as the University's Director of Economic Development and Constituent Outreach.

Despite, or because of, the continuing fiscal crises facing nearly every state, technology-based economic development remains high on the agendas of most governors, as demonstrated in their recent speeches. Those excerpts pertaining to state efforts to build tech-based economies are provided below.

Many organizations are wondering if, when and how severe their budgets could be impacted by the economy and the continuing fiscal crises in the states. While foundation endowments also have taken a hit by the stock market slump, several are increasing their contributions in building local or statewide technology-based economies. Two recent examples highlight the trend and point toward a funding path few TBED efforts have fully tapped.

Several of the key economic development and science & technology positions have been filled by some of the nation's 24 new governors. Many of these individuals will be involved in setting the state's tech-based economic development agenda and determining budget cuts, reorganization plans or program eliminations to handle the money squeeze. In addition, a few other lead S&T agencies have announced top-level changes.

During a legislative season that was marked by heated discussions in most statehouses on what to cut or save, Indiana is one of a handful of states so far that focused considerable debate on planting the seeds for a stronger future through technology-based economic development.

For the second time in three years, the Lilly Endowment is demonstrating its strong commitment to Indiana University's role in life sciences education and research by awarding $50 million to advance the Indiana Genomics Initiative (INGEN).

Peter Slate will preside as chief executive officer over the Arizona Technology Enterprises, the newly created limited liability company formed by spinning off Arizona State University's technology transfer office.

Tucson gains Community Investment Business Center, New Tech Park building

Indiana Governor Frank O'Bannon unveiled a plan earlier this week to "Energize Indiana" that relies heavily on tech-based economic development.  Gov.

A new biotech report funded by a private foundation finds Arizona possesses many of the essential elements needed to become a national leader in the biosciences. Now, all the state needs is at least 10 years and a $1.4 billion public-private investment, according to the report Platform for Progress: Arizona's Bioscience Roadmap.

Some of the 200-plus ballot measures decided in the 2002 General Election held Tuesday were dedicated to promoting tech-based economic development (TBED). The results were generally mixed, however. Promoters of Michigan's Life Sciences Corridor were pleased with the failure of an initiative that would have dictated the allocation of the state's tobacco settlement funds, including a smaller amount than the state is currently spending on life sciences research.

The National Consortium of Entrepreneurship Centers (NCEC) presented on Tuesday the 2002 NASDAQ Entrepreneurial Excellence Awards to entrepreneurship centers at Babson College, Indiana University-Bloomington, and Saint Louis University.

Carl Russell has resigned as president and CEO of Tucson Technology Incubator Inc. Bo Statham, a consultant to UniSource Energy Corp. on new business development and a client adviser at the incubator, has been named interim president.

The Greater Flagstaff Economic Council has announced Lewis Humphreys is its new vice president. Humphreys was with the Greater Tucson Economic Council.

A massive state budget deficit, partisan squabbles, and a longstanding need to restructure the state's tax code almost derailed Indiana's largest commitment toward building a technology-based economy.

Of Arizona's 664,454 businesses, 98 percent qualify as small businesses with fewer than 100 employees, according to a study released by the Arizona Department of Commerce and the Arizona State University's Center for the Advancement of Small Business. The study was conducted by the Masters Consulting Group (MCG), an MBA student organization at ASU's College of Business.

Arizona

Albuquerque, New Mexico

Tenants of the Sante Fe Business Incubator have seen their one-story building increase from 10,000 sq. ft. to 30,000 sq. ft., according to a story by the Albuquerque Journal. The expansion is part of a $2.5 million project funded by the federal Economic Development Administration (EDA), the Regional Development Corporation and other agencies.

Few private foundations across the country have made a comparable commitment in size or duration toward improving a single state's ability to participate in a knowledge-based economy as the Lilly Foundation has for Indiana. The latest round, reported in this week's online Chronicle of Higher Education, promises a total of $138 million to match donations received by Indiana's accredited colleges and universities.