Proposed Michigan Budget Offers New Incentives for Job Creation
Gov. Jennifer Granholm unveiled her fiscal year 2009 budget last week, proposing to refinance a portion of the state’s general obligation and taxable tobacco bonds and reduce spending across nearly all state departments in order to finance new proposals without raising taxes.
Vermont EPSCoR, Public TV Offer Series on State's Scientific Discoveries
State universities and research programs depend on public support to develop and commercialize new technologies, but the actual science involved in these discoveries can seem intimidating and arcane to the layman. How then should a state go about engaging the public in scientific research?
SSTI Job Corner
More information on these opportunities and others is available at http://www.ssti.org/posting.htm.
As State Revenues Recede, Some S&T Cuts Made
The latest semi-annual state fiscal survey, released jointly this week by the National Association of State Budget Officers and the National Governors' Association, reconfirms the increasing pressure on state coffers found six months ago. Slowing revenues and increasing Medicare and health care costs have resulted in 16 states reducing expenditures in the current fiscal year by $1.6 billion. Eleven states also are reducing their FY 2002 revenue projections.
Gov. Douglas Introduces Four-part Strategy to Promote Vermont TBED
In his inaugural address last week, Vermont Gov. Jim Douglas announced a four-part plan to bolster research and high-tech economic development. The governor’s Vermont Way Forward strategy would promote high-tech business, particularly in the state’s emerging environmental engineering industry. In addition, the strategy includes a plan to make Vermont what the governor says would be the country’s first “e-state,” one in which universal access to broadband and wireless technology are available anywhere within the state’s borders.
People
John Maxson, former president of the Illinois Coalition, was named CEO of The Greater North Michigan Avenue Association.
Michigan Creates $150M VC Fund and Broadens Mfg Tax Credits
Last Thursday, Gov. Jennifer Granholm signed bills to aid Michigan’s tool and die industry and to promote new venture capital investment in the state’s high-tech industries.
People
Connecticut Lt. Gov. M. Jodi Rell was sworn in as the state’s 87th governor on July 1, taking over from former Gov. John Rowland, who resigned amid a federal corruption investigation and a threatened impeachment for allegedly accepting gifts from employees and state contractors. Senate President Pro Tem Kevin Sullivan was sworn in as Lieutenant Governor. Rell is a Republican, while Sullivan is a Democrat.
Vermont Prepares for Wi-Fi with New Broadband Initiative
The city of Montpelier, Vt., will soon join the ranks of other high-tech cities as it prepares to implement its first Wi-Fi “hotzone” in the central downtown area. With support from Senator Patrick Leahy (D-Vt), city officials and local businesses, the Vermont Broadband Council recently launched MontpelierNet, a high-speed Internet network that will bring wireless broadband Internet access to the city.
Michigan Legislature Frees Fed R&D Grants from State Taxes
Michigan small businesses receiving state and federal grants for research and development will be able to put more of those funds into their work, with legislation unanimously passing the state Senate last week.
People
Robin Siss, Vermont's first commissioner for the Department of Information and Innovation, has announced her resignation. Siss began the position in August. Denise Fehr will serve as acting commissioner.
UVM Tech Center Advances Governor’s Initiative
The launch of a targeted small business development program designed to foster the success of new high growth, high-tech firms in Vermont was announced last month at a press conference by Sen. Patrick Leahy, Gov. James Douglas and University of Vermont (UVM) President Daniel Fogel.
States Take Steps on Outsourcing
One of the hottest political topics this year is the outsourcing of U.S. jobs to other countries. A Google search on "outsourcing" returns about 4.8 million pages. Reports from Gartner, Forrester Research, McKinsey & Company, AeA, and the Institute for International Economics, among others, have looked at the topic and fed the interest.
People
The University of Vermont announced that Janice St. Onge has joined the Vermont Business Center as the director of business education.
Report Offers Guidelines For Sustaining Diversity Efforts in S&T
Prompted by confusion over the dual rulings in the University of Michigan affirmative action cases last year, the American Association for the Advancement of Science (AAAS) and the National Action Council for Minorities in Engineering have released a new report to clarify the legalities and offer options for implementing and sustaining diversity programs within science, technology, engineering and mathematics (STEM) fields.
Manufacturing and the Future of the Industrial State: A Michigan Case Study
During the recent past, heavy loss of manufacturing jobs has created considerable economic upheaval in several states, particularly the industrial heartland of the country where manufacturing represents more of a state's private payrolls than the national average. Michigan, alone, lost 18 percent of its manufacturing-related jobs from 2000 to 2003, a staggering 163,000 mostly high-wage jobs. Still, the manufacturing sector comprises 17 percent of the total jobs in the Great Lakes state.
People
Connecticut Gov. Jodi Rell named Marie O'Brien to oversee the Connecticut Development Authority.
Nurturing Creative Economy Key to Growth in Vermont
This past fall, Vermont released what may be the nation's first statewide effort to lay out an economic development strategy based on the creative economy theories advanced most prominently by George Mason professor Richard Florida.
People
Marlo Jenkins will be the new managing director of TechTown, Wayne State University's research and technology park.
Report Could Have Implications for Connecticut Job Growth, Education
Gov. Jodi Rell recently announced the results of a study of the strengths and weaknesses of Connecticut’s infrastructure for innovation, technology transfer and development of new businesses. A report prepared for the Connecticut Technology Transfer and Commercialization Advisory Board of the governor's Competitiveness Council presents the results.
People
The Great Lakes Entrepreneur's Quest has hired Arthur DeMonte as its first executive director. DeMonte was global director of the e-Business Technology Center at Dow Chemical.
Foundations Commit $100M for Detroit’s Next Economy
Ten foundations have joined forces to create an eight-year $100 million New Economy Initiative for southeastern Michigan, with a goal of transitioning the region’s economy toward more knowledge-intensive industries. Three foundations, Ford, Kellogg and Kresge – each created from the personal fortunes made by some of the founders from the state’s historic economic bases – have contributed $25 million toward the effort. Additional support ranging from $1.5 million to $10 million is being provided by seven other community foundations.
Report Finds Michigan’s University Research Corridor an Asset to Economy
Public universities in most states compete with other state priorities for appropriations each year or two-year budget cycle. With the state’s fiscal year ending Sept. 30, no new budget passed by the legislature and a projected state revenue deficit of more than $1.5 billion for 2008, universities in Michigan may feel greater pressure to assert their importance to the state’s economy.
People & TBED Organizations
Edward Bowman Jr. was selected as chairman of Connecticut Innovations. Bowman replaces Elaine Pullen, who resigned to focus on her consulting business.
Recent Research: Dimensions of an Individual Global Mindset
Successful companies are forced to change business strategies as market realities shift. It happens all of the time. Browse the business section of your local bookstore and you'll see dozens of titles preaching the need for companies to adopt, adapt and innovate. The continuing restructuring of the U.S. durable manufacturing sector, as alluded to in the Useful Stats piece below, is a vivid example of the importance of abandoning old mindsets for industry: change or die.