The Difficult Task of Clogging the Brain Drain
Growing and keeping an educated workforce, one ready to help build a technology-based economy, is one of the greatest challenges even the most high-tech areas. The problem can be quite severe. For example, a new statewide survey of Florida college students, conducted by Leadership Florida and Nova Southeastern University, revealed that only 48 percent of the students plan to remain in Florida after graduation.
New Jersey Plans $450M Stem Cell Referendum
State Also Begins Work on $150M Stem Cell Research Center An agreement between Gov. Jon Corzine and state legislative leaders will result in a $450 million bond referendum being put before New Jersey voters this fall. If approved, the money will be used to augment support for the state’s stem cell research initiative over the next 10 years.
People
Nick Sacia is the new executive director of the St. Johns County Chamber of Commerce in St. Augustine, Fla.
People
Enterprise Florida selected Louis Laubscher to replace Howard Haug as its new senior vice president and COO.
People
Rosellen Kraus has announced she will be leaving the Central Florida Technology Partnership at the end of the summer.
Fireworks on the Fourth for NJCS&T?
The Fourth of July might just be a paid holiday for New Jersey's tech-based economic development agency after all. Since Governor James McGreevey released his FY 2004 budget request six months ago, the New Jersey Commission on Science and Technology has been living under a June 30 death sentence. Facing a deficit forecast in excess of $4 billion, the governor had called for the elimination of the $15 million program.
Florida Selects Three Centers of Excellence
To help build the state's technology sectors, Governor Jeb Bush and the State Board of Education have selected Florida's first three Centers of Excellence. The Centers are designed to foster innovative, cutting-edge technology research at Florida’s colleges and universities, develop commercially viable applications for that research, and recruit high-tech industries and thinkers to the state.
The three projects are:
People
Ed Linsenmeyer, with the Naval Surface Warfare Center, has been elected to serve as the Chair of the Federal Laboratories Consortium for Technology Transfer at the FLC's recent annual meeting. Larry Dickens, with the Oak Ridge National Laboratory, was elected Vice Chair.
People
Gov. James McGreevey recently appointed Alfred Koeppe as the new Chairman of the Economic Development Authority of New Jersey.
People & TBED Organizations
President Bush announced he will nominate Assistant Secretary of Commerce Sandy Baruah to serve as the administrator of the Small Business Administration.
The Rensselaer County Regional Chamber of Commerce has created the Economic Development Partnership to help businesses relocate to or expand in the county.
SSTI Job Corner
Complete descriptions of these opportunities and others are available at http://www.ssti.org/posting.htm.
Study Says Florida Needs Skilled Workers and Early-stage Support for High-Tech Growth
Though the state of Florida has aggressively pursued research investment over the past few years, particularly in the life science, a new report finds the state is still struggling to build a sufficient pool of highly-skilled workers for its high-tech companies. The study, which was conducted at the behest of 19 local economic development organizations, finds the state has not yet made a complete transition from an agriculture- and real estate-based economy to one built on high-tech industry and innovation.
Florida Legislature Injects Itself into Centers of Excellence Program, Redirects Funding
People
Connecticut Innovations appointed Dr. David Reed to the position of executive in residence.
Florida Leverages Advantages in Biotech to Prepare for Space Shuttle’s Demise
The end of the space shuttle program in 2010 has many state and local governments uncertain about the future of the aerospace industry. A recent NASA report estimated that as many as 10,000 contractor jobs could be lost at spaceflight centers across the country by the time the program ceases operation. Florida's John F. Kennedy Space Center would be the hardest hit, with as many as 80 percent of its current workforce lost in the next 2-3 years.
Knight Foundation Funds Creative Community Initiative
The John S. and James L. Knight Foundation, in partnership with the Richard Florida Creativity Group (RFCG), recently announced the formation of the Knight Creative Communities Initiative in three metropolitan areas of the country: Charlotte; Duluth, Minn./Superior, Wisc.; and, Tallahassee. The goal of the initiative, utilizing Dr. Florida’s theories on the importance of creativity and innovation for economic growth, is to produce through community dialogue a vision to enhance each region’s environment for ingenuity.
Florida Budget Crisis Affects TBED Initiatives; $450M Biotech Fund Running on Empty
Beginning in 2003 with its $510 million investment to lure the Scripps Research Institute (see the Oct. 31, 2003, issue of the Digest), the state of Florida has drawn national attention over the past few years for its aggressive pursuit of major life science research institutions. This year, however, it looks like that strategy will have to be put on a temporary hiatus.
People & TBED Organizations
Dr. Michel Bitritto was named director of the new business incubator being run by the New Jersey Meadowlands Commission.
Dr. Peter Reczek was appointed executive director of the New Jersey Commission on Science and Technology.
Don Siegel, president of the Technology Transfer Society, will be dean of the School of Business at the University of Albany, SUNY, beginning in fall 2008.
Incubator RoundUp: Growing and Sustaining High Technology Companies
Offering customized workspace such as wet laboratories and specialized research equipment is one of the many benefits provided by technology-focused incubators. Access to university research, business mentoring and administrative support services often accompany the reduced rent facilities with the goal of growing technology companies into successful, self-sustaining enterprises. Following are select announcements of recently launched incubators and partnerships from across the nation.
Florida Pension Fund to Invest $1.95B in 'Technology and Growth' Industries
Florida Gov. Charlie Crist paid a visit to Wall Street last week to celebrate the signing of a new law that will increase the state retirement fund's investment in high-tech industries. Under the new legislation, the Florida State Retirement System will dedicate up to 1.5 percent of the system's trust fund to technology and growth investments. The Miami Herald estimates that this could provide nearly $2 billion for high-tech industries in the state.
Recent Research: Do State Merit-Based Scholarship Initiatives Decrease Enrollment in the STEM Fields?
Since the inception of the HOPE scholarship program in Georgia 15 years ago, the number of state-sponsored merit-based scholarship initiatives to increase the number of students attending in-state colleges and universities has increased throughout the country. One such statewide initiative, Florida’s Bright Futures Program, was established in 1997 and has since become the second largest merit-based scholarship program in the U.S. At the recent annual forum of the Association of Institutional Research held in Seattle, Dr.
Enacted Budget Allocates $79M to Promote Energy Diversity in Florida
Gov. Charlie Crist signed the fiscal year 2008-09 budget into law last week, allocating nearly $79 million for energy-related projects to increase research and stimulate development and commercialization of alternative and renewable energy sources throughout Florida.
Useful Stats: 2006 Industrial R&D Intensity per State
According to National Science Foundation (NSF) data released two weeks ago, companies spent in aggregate $247.7 billion on R&D expenditures performed in the U.S. in 2006. Leading the nation was California, with $58.4 billion in industrial R&D, followed by Michigan ($16.5 billion), Massachusetts ($15.6 billion), New Jersey ($14.6 billion), and Texas ($13.3 billion).
OPPAGA Recommends Next Steps for Florida Biotech
A recent report by the Florida Legislature’s Office of Program Policy and Government Accountability (OPPAGA) recommends the state’s next steps to develop its biotechnology industry should include the creation of a privately managed early-stage capital fund for investing in start-up companies, to be financed by the Legislature.
Stem Cell Research Target of More State Dollars in Iowa, Md., Fla.
In Iowa
Less than two weeks after his inauguration, Iowa Gov. Chet Culver called for the state legislature to lift the state ban on embryonic stem cell research. The ban was first instituted in 2002.