A community essentially has two options for strategies to diversify its economic base: traditional economic development or technology-based economic development (TBED). The traditional approach of recruiting or inducing companies to relocate to their community from elsewhere creates an atmosphere of competition, rivalry and one-upmanship among cities and regions as they bid to buy firms' location decisions. Often, it is also difficult for small and mid-sized communities to compete on these terms.

Robert Chernow was appointed to the newly created position of vice provost for entrepreneurship at Rensselaer Polytechnic Institute.

ACCRA, a national nonprofit research organization, has named Jeffrey Blodgett of the Connecticut Economic Resource Center (CERC) as president of the Board of Directors for 2005-06, beginning July 1.

Yesterday proved a big day for supporters of stem cell research as measures advanced in both Connecticut and Massachusetts. The Massachusetts law described in the May 16 issue of the Digest became law immediately after the state Senate voted 35-2 and the House voted 112-42 to override Gov. Mitt Romney's veto.

New York's lead agency for promoting tech-based economic development (TBED) in the state soon will have a new name, if not a complete makeover. Under enacted budget legislation, the New York Office of Science, Technology and Academic Research (NYSTAR) will become the New York State Foundation for Science, Technology and Innovation by Jan. 1, 2006.

Recognizing the benefits of a skilled workforce to match the new manufacturing and high-tech jobs of the 21st Century, states are turning to worker training and retraining programs in order to remain economically competitive. During the past month, Tennessee, Nebraska and Connecticut committed a combined total of $37 million for worker training initiatives.

While the topic of embryonic stem cell research has been at the forefront of S&T policy since 2001, attention has shifted to the states in the last six months. Last fall, California voters overwhelmingly approved a $3 billion bond issue to support embryonic stem cell research over the next decade.

New York's Empire Zones Program dodged a veto from Gov. George Pataki as an agreement was met with the legislature to restructure the program. The state budget, signed into law last week, extends the program and allows for an additional 12 zones to be created throughout the state.

Craig Watters is serving as interim director of the Falcone Center for Entrepreneurship at Syracuse University. Past director Nola Miyasaki has relocated to Hawaii to join a biotech company.

George "Mick" Stadler is the new CEO for the incubator at the Rochester Institute of Technology.

Last week's Digest reported on three reports that have been issued recently raising concerns about America's standing in the world in encouraging innovation. Each of the reports suggested stronger action on the part of the public and the private sector to ensure the U.S. will remain competitive.

Michael Tentnowski is the new director of the Rensselaer Polytechnic Institute Incubator.

Chandler Howard, co-president of Bank of America, is leaving to become president and CEO of Connecticut Innovations.

Policymakers and practitioners continually seek new ideas to integrate into their overall TBED strategies in order to capitalize on innovative approaches and remain a competitive force in the global marketplace. Over the last few months, two new concepts in TBED aimed at supporting higher education have surfaced in New York and Wisconsin with two distinct goals: achieving the status of a world-renowned research capital and increasing college graduates to raise per capita income.

 

Jeffrey Boyce was named the assistant vice president of the Research Foundation of the State University of New York. Boyce had been the deputy commissioner for manufacturing services at Empire State Development.