With state revenues posting a surplus, Florida Gov. Jeb Bush used his 2006-07 budget proposal to make his largest request yet to support efforts to diversify the state's economy through technology-based economic development (TBED). In total, the budget provides $630 million for several new research-focused initiatives, business recruitment funds, and other economic development programs.

With a $310 million commitment passed by the state legislature and as much as $200 million in additional support from the county government, the California-based Scripps Research Institute has agreed to locate its first branch or satellite office in northwest Palm Beach County, Fla. In return for the financial support, Scripps is to work toward employing as many as 545 workers on the site by 2011.

The SSTI Weekly Digest and Funding Supplement will resume publicaton October 31 as the office will be closed to attend SSTI's 7th Annual Conference, Building Tech-based Economies: From Policies to Practice, on Oct. 20-22.

Yes, only 10 open seats remain for SSTI’s 7th Annual Conference, Building Tech-based Economies: From Policy to Practice. With nearly three weeks remaining before the October 21-22 event in Seattle, SSTI anticipates it will have to close registration in the coming days based on the phenomenal response to this year’s great slate of 24 breakout sessions, great plenary sessions and wonderful location. If you are planning to attend, we encourage you to register as soon as possible.

SSTI's 7th Annual Conference, to be held in Seattle on Oct. 21-22, is now less than one month away. If you are planning to join 300 of your colleagues from more than 40 states at Building Tech-based Economies: From Policy to Practice, here are a few tips to save your organization a little money:

Seats Available for Developing Angel Organizations, Financing TBED Workshops

The Florida Venture Forum named Robin Kovaleski as the first executive director for the organization.

The availability and use of equity capital for early-stage investments varies greatly across the country. Seen as an integral component of most tech-based economic development, access to venture capital (VC) is on the agendas of several states — but several different approaches are used to address the problem. Recent announcements in four states illustrate the point:

Tight budgets are causing many state and local tech-based economic development (TBED) programs to delay new initiatives, even forcing some to scale back on the services already provided. But mottos like "getting more bang for the buck" and "doing more with less" are fast becoming tired, transparent clichés.

Manufacturers continue to shed thousands of American jobs — at a rate of 80,000 per month over the past three years, according to the New York Times. The realities of globalization are settling in as small and mid-sized manufacturers are hit hard with competition from around the world.

Blatant SSTI Conference Plug

Jeff Morris has been named Director of the Northwest Energy Technology Collaborative.

Balancing the role of universities and colleges in economic development can be tricky, as Dr. Bok points out in his new book (see article above), but its important role in building stronger tech-based economies cannot be overstated. SSTI’s 7th annual conference, to be held in Seattle on October 21-22, presents the best opportunity of the year for developing a great understanding of the most effective ways for local and state economies to benefit from the academic research enterprise.

Enterprise North Florida Corp. is closing after 11 years of operation.