Idaho Partnership Creates Regional S&T Office
Governor Dirk Kempthorne has announced the creation of TechConnect East, a regional science and technology office to be located at the Idaho State University Incubation Center in Pocatello, Idaho.
ISU's Research Park Provides Economic Boon to Iowa
A recent study by Iowa State University researcher David Swenson suggests the ISU Research Park's substantial and diverse economic activity bolsters Iowa's economy. Focusing on current tenants, Swenson's research shows that the park links directly to almost $88 million in total industrial output. Businesses that provide goods and services to park customers and employees are said to generate an additional $46.3 million in economic activity.
SBIC Bill Could Have $200M Impact on VC Availability
U.S. Senator Olympia Snow (R-Maine) recently introduced a bill to boost the flow of venture capital to small businesses by allowing tax-exempt entities, such as pension funds and university endowment funds, to invest in Small Business Investment Companies (SBIC) without incurring unrelated business taxable income.
People
Elizabeth Sellars is the new manager of Idaho Operations for the Department of Energy.
People
John Kotek, formerly with Argonne National Laboratory-West, has been named deputy manager of the Department of Energy's Idaho Operations Office. The office oversees the Idaho National Engineering and Environmental Laboratory.
People
LaMoyne Hyde, director of the Idaho Department of Commerce, also announced he will resign his position by the end of the year.
Local TBED Briefs
Iowa: Davenport Sells City Land for Tech Incubator
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Bill Shipp, president of Bechtel BWXT Idaho and lab director of the Idaho National Engineering and Environmental Laboratory, is retiring effective Oct. 25. Paul Divjak will be his replacement.
People
Holmes Foster, chairman of the Iowa Values Fund, has announced his resignation.
Lean Budget Doesn't Stop Idaho's TBED Agenda
Idaho Governor Dirk Kempthorne dedicated a portion of Monday's State of the State and Budget Address to describing how tight the 2005 fiscal environment would be for his state. The temporary sales tax will lapse, costing the state $170 million in foregone revenue. The one-time $83 million in federal bailout funds are depleted. State employees will get a 27th biweekly paycheck this calendar year, resulting in an additional budgetary burden of approximately $20 million.
People
The Acting Director for the Idaho Department of Commerce is Roger Madsen. Madsen also is serving as director of the state Department of Labor.
People
The Idaho Economic Development Association has named Jan Rogers as new president.
Conference Profile: Federal Laboratory Consortium
The Federal Laboratory Consortium for Technology Transfer (FLC) is the nationwide network of federal laboratories that provides the forum to develop strategies and opportunities for linking the laboratory mission technologies and expertise with the marketplace. More than 700 major federal laboratories and centers and their parent departments and agencies are FLC members.
Collaborative Planning Focuses Regional Development Efforts
Economic development leaders within the Cedar Rapids/Iowa City Technology Corridor have joined other areas of the U.S. in marketing the area as one unified region. Elected representatives from 10 cities and two counties located in the Cedar Rapids/Iowa City Technology Corridor recently signed a joint proclamation as a statement of support for the Corridor’s targeted industry cluster development regional efforts.
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John Glerum, former president and CEO of Ore-Ida Foods, has been named science and technology coordinator for the Idaho Department of Commerce. Glerum also will serve as director of the new Technology and Entrepreneurial Center, to be built on the campus of Boise State University West.
NCOE Report Says Entrepreneurs Healthy for Economy
Building Entrepreneurial Networks, a major report on how and why networks of entrepreneurs nurture economic growth in communities across the country, was released Wednesday by the National Commission on Entrepreneurship (NCOE).
To illustrate the importance of entrepreneurial networks, NCOE’s seventh report profiles five organizations in Idaho, North Carolina, Oklahoma, Pennsylvania and Texas that have succeeded in developing unique entrepreneurial networks.
Idaho Charts Aggressive Course for Tech-based Future
Science policy and tech-based economic development have taken center stage in Idaho with last week’s release of the Idaho Science and Technology Strategy and the supporting new initiatives included in Governor Dirk Kempthorne’s recent budget message.
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The NASVF Net News reports Alexa Heffernan has been named Executive Director of the Iowa Business Council. Myrt Levin retired in December.
Iowa Researcher Finds Limits to the Economic Impact of Ethanol
In recent years, Iowa, like many midwestern states, has experienced a boom in ethanol production. Iowa's natural competitive advantage in growing and processing corn has helped it to move to the forefront of the emerging biofuels industry. The state provides numerous incentives and assistance programs through its Department of Natural Resources to help spur the creation of ethanol-related companies and jobs.
People & TBED Organizations
James Ellick is taking a leave of absence as director of the Idaho Department of Commerce for personal reasons.
Reports Examine Two States' Experience with Economic Incentives
Incentive packages to attract companies are nothing new in economic development. In recent years, though, incentives have been used to recruit technology companies, and these incentive packages are growing in scope and complexity, with some in the hundreds of millions of dollars. Two recent reports that take a close look at experiences in North Carolina and Iowa may be of interest to communities and states using incentive packages to recruit companies to their area.
North Carolina
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Bill Shipp has been promoted to president and general manager of the Idaho National Engineering & Environmental Laboratory. Currently laboratory director, Shipp will take his new position August 1. Mr. Shipp also serves as Science & Technology Advisor to Idaho Governor Dirk Kempthorne.
People
Ann Rydalch has been elected to serve as chair of the Federal Laboratory Consortium for Technology Transfer. Ms. Rydalch works for at the Idaho National Engineering & Environmental Lab. Outgoing chair C. Dan Brand will be retiring this summer.
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Gary Carter is stepping down as the executive director of the Tax Increment Financing Commission in Kansas City to become a senior vice president of Davenport One, a regional economic development agency in Davenport, Iowa.
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Randy Weiss will serve as an entrepreneur-in-residence within the University of Iowa Research Foundation.