People
Oleg Kagonovich has been promoted to the position of CEO of the Sacramento Area Regional Technology Alliance. He formerly served as Chief Operating Officer.
Silicon Valley Index Paints Complex Picture for Region's Economy
As a percentage, Silicon Valley has lost more jobs over the past four years than any U.S. metropolitan area since 1939, but evidence shows the region is stabilizing with a return to levels reminiscent of the late 1990s. Funding for venture capital is up, per capita income is increasing, and research and development funding has reached new highs. Yet, the region's most striking feature of late is, perhaps, the way it is growing, according to the 2005 Index of Silicon Valley.
People
Victor Hwang, the immediate past president of Larta Institute, has co-founded T2 Venture Capital.
People & TBED Organizations
Rick Homans announced that he will step down as executive director of the New Mexico Spaceport Authority, effective July 27.
People & TBED Organizations
The New Mexico SBIR Outreach Center exists again, following a year's hibernation.
People
New Mexico Gov. Bill Richardson appointed Fred Mondragon as the director of the state's economic development department. Mondragon had been economic development director for the city of Albuquerque.
People & TBED Organizations
Christopher Hansen will succeed William Archey as AeA's next president and CEO. Hansen will start on Nov. 15, overlapping with Archey until February 2008 to ensure a smooth transition.
People & TBED Organizations
Dr. Daryush Ila was chosen to serve as executive director of the Alabama EPSCoR Steering Committee. Ila heads the Alabama A&M University Research Institute.
Milken Report Provides Suggestions for Better Biotech Funding
In a time of tightening budgets and funding shortfalls, many institutions are searching for innovative sources of capital to finance their investment needs. Financial Innovations for Accelerating Medical Solutions, a recent report from the Milken Institute, provides some insight on inventive ways to raise capital for the biotechnology industry.
People
William Carney is the new president and CEO of the Inland Empire Economic Partnership, a private, nonprofit regional economic development organization in southern California. Carney replaces Paul Hiller, who left earlier this month to take a similar job in Boise, Idaho.
Renewable Energy Measure Approved in Washington, Fails in California
Two states had measures on the ballot to address energy conservation and encourage alternative energy production and technology. While Washington's measure passed, California's failed.
New Mexico Governor Proposes Education, Research and Energy Initiatives for 2007
New Mexico Gov. Bill Richardson recently announced a series of budget requests for the 2007 legislature intended to increase access to public universities and to support research and investment in emerging technologies. Together, the requests call for more than $120 million in state investment in higher education quality and affordability, supercomputing and stem cell research, and new energy initiatives.
Higher Education
Gov. Schwarzenegger Uses Executive Order to Develop Broadband Policy
In late October, Gov. Arnold Schwarzenegger signed an executive order designed to stimulate the growth and utilization of broadband networks throughout the state of California. Some the major components of this initiative include:
People
Art Garcia has resigned as director of the Community Development Financial Institutions (CDFI) Fund to accept a job with the U.S. Department of Agriculture in his home state of New Mexico.
People
New Mexico Gov. Bill Richardson has appointed Stephan Helgesen as director of the Office of Science and Technology at the state Economic Development Department.
New Mexico Gov. Wants $100M for Private Spaceport
Nearly 40,000 people in 120 countries have placed deposits with the British commercial space company for the opportunity to become tourists in space, according to Virgin Galactic. Last Tuesday, New Mexico's governor said he wants the state to spend $100 million over the next three years to help get them there.
Workforce Readiness Issues to be Tackled in Texas, Los Angeles
On paper, the Jan. 4 FedEx Rose Bowl, which pits the Universities of Texas and Southern California against each other, will decide college football's national champion.
People
Eric Griego was appointed assistant secretary of economic development for the New Mexico Economic Development Department.
People
Gov. Arnold Schwarzenegger has selected Brian McGowan to replace Yoland Benson as deputy secretary for economic development in California's Business, Transportation and Housing Agency. McGowan, San Bernardino County's economic development administrator, will start his new position in January. Gov. Schwarzenegger also has appointed Teresa Takai as the state's first Cabinet-level chief information officer.
Not All Is Rosy for Middle Class, Silicon Valley Index Shows
According to the latest index from JointVenture Silicon Valley, 2007 looks like a pretty good year compared to 2006 when you look at many standard measures of economic performance. There were 28,000 new jobs created, a 1.5 percent increase in population, and 21 percent growth in solar and wind energy installations. Water use also dropped 6 percent, venture capital investments were up 11 percent, median household income rose, and city revenues were up 37 percent.
New Mexico Governor Signs Budget Bills, Vetoes Capital Package
New Mexico’s 2008 legislative session wrapped up last week, resulting in no final action on several TBED-related bills and leading Gov. Bill Richardson to call a special legislative session to address his health care reform agenda.
Three VC Firms Picked to Extract Green Tech from Federal Labs
Last week, three venture capital firms were chosen by the Department of Energy (DOE) to participate in its new Entrepreneurship in Residence (EIR) program, a pilot initiative designed to get advanced energy technologies out of the federal labs and into the marketplace. In the program’s design, an entrepreneur affiliated with each venture capital firm will work with the selected DOE laboratory staff in order to identify and evaluate marketable technologies.
Cities Pursue Innovative Strategies to Grow Clean Technology Businesses
As renewable energy and environmental technologies emerge as some of the promising industries for high-tech economic development, more cities are seeking new ways to boost clean technology research and businesses. Austin, San Jose, Berkeley, Pasadena and Boston have been singled out for their efforts to promote cleantech industries by SustainLane Government, a nonprofit Internet-based organization that provides current practices and news about municipal sustainability.
People
Oleg Kaganovich will resign as CEO of the Sacramento Area Regional Technology Alliance (SARTA) in June 2007, but remain a member of SARTA's board of directors.
New Mexico Legislature: Tax Credits, Energy Initiatives among Successes of 2007 Regular Session
With the close of its 2007 regular session, the New Mexico State Legislature wrapped up "one of the most productive sessions in state history." Those were the words of Gov. Bill Richardson, following the legislature's adjournment last month. The governor had outlined a number of economic development and energy initiatives in his 2007 State of the State Address that he hoped would be brought to bear (see the Jan. 15, 2007 issue of the Digest).