Ohio Governor Bob Taft today signed into law Am. Sub. House Bill 1, putting into place the newest components of his Third Frontier Project to foster tech-based economic development (TBED) and growth in Ohio.

With preparations for SSTI's 7th Annual Conference on October 20-22 well underway, we have received many questions from local, regional and state organizations wanting to host the premier event for the tech-based economic development profession in 2004. Because of the increased interest, SSTI has bumped up its schedule for selecting the 2004 site. We are accepting nominations of host organizations and locations for SSTI's 8th Annual Conference until July 11, 2003.

SSTI is declaring its independence from publishing an issue of the SSTI Weekly Digest on July 4. The Digest will resume on July 11.

With the state's current fiscal year winding down and a $1 billion deficit looming for the next one, Ohio has re-emphasized its commitment to building a stronger economic future through research and technology with a series of multi-million grant announcement over the past three weeks.

Kenneth Alfred will become the first executive director for the new Ohio Fuel Cell Coalition.

The National Business Incubation Association (NBIA) honored six top incubation programs, graduates and clients at its 17th International Conference on Incubation, held May 18-21 in Richmond, Va. Award winners are highlighted below:

The National Center for Public Policy and Higher Education recently released The Rising Price of Higher Education, which documents the rising costs of public education in the U.S. Using the data found in the report, SSTI has constructed a 50-state table presenting a comparison of the cost of tuition and fees at 2- and 4-year public institutions in 2001-02 vs 2002-03.

William "Sandy" White has been named president and CEO for the Columbus Technology Council.

During the past week, SSTI has made several additions to its website <http://www.ssti.org> that readers may want to note:

No region of the world encapsulates the aspirations of many metro and regional technology-based economic development programs as Silicon Valley, particularly to the benefits of having a cluster of technology companies feeding off of each other to the mutual benefit of all. The Valley was the global tech leader during the heyday of the IT boom, but is undergoing a tremendous structural shift since the dot-com bubble burst.

With more than 20 new governors and hundreds of newly elected state legislators, mayors and city council members across the country, many states and communities are seeing fresh faces in key positions that will influence the shape and direction of tech-based economic development policy, funding and program implementation. SSTI encourages its readership to get issues of the SSTI Weekly Digest in their hands to help bring your new partners into the larger tech-based ED community as soon as possible.

Central California's Regional Technology Alliance has changed its name to the Inland Empire techSOURCE.

With the passage of HB 675, the FY 03-04 Capitol Budget Bill, the Ohio Legislature approved funding for a $100 million Innovation Ohio Revolving Loan Fund and a second $50 million installment for the Wright Brothers Capital Fund. Both measures are key components of Ohio's $1.6 billion 10-year Third Frontier Project — the state's largest-ever commitment to expanding high tech research capabilities and promoting start-up companies to build high wage jobs.

Annually, SSTI looks at the various addresses given by the nation's governors at the beginning of the year. Over the next several weeks, the SSTI Weekly Digest will profile the excerpts concerning programs, policies and issues immediately affecting the tech-based economic development community.

Richard C. Atkinson, the president of the University of California system since 1995, will receive the prestigious 2003 Vannevar Bush Award from the National Science Foundation for lifetime contributions to the nation in science and technology.

Nonprofits looking for financial assistance, technology assistance or assistance in general may not need to look much further than one browser window. Two online resources, TechSoup and Gifts In Kind, offer a wide variety of tools that can help nonprofit organizations stretch tight budgets.

A Note from the Editor

Perhaps in no other sector are efforts to grow an industry so dependent on a strong public-private partnership as they are for biotech and the life sciences. Most of the research funding for the field flows from the government to universities and research institutions. Industry then steps up for clinical studies and commercialization.

SSTI extends its thanks to those of you who have participated in the 2003 SSTI Weekly Digest survey. As mentioned in a separate e-mail earlier this week, the survey results help us determine the editorial direction and content of future issues of the Digest and Funding Supplement. We're also open to suggestions for our website, publication catalog, investment portfolios and hairstyles, so the survey offers a great chance to express yourself.

NorTech is interested in hiring an Associate Director who will be responsible for all activities associated with one or more initiatives and ongoing high level support for the initiatives. The mission of NorTech is to ensure economic growth and leadership in Northeast Ohio by promoting entrepreneurially based globally competitive technology development and commercialization.