People
Carolyn Stark is the new director of the Austin Technology Council, filling the position vacated by Paul Toprac.
People & Organizations
John Butler, director of the Institute for Innovation and Creativity, was appointed distinguished scholar and adjunct professor at Babson College.
People
Mary Lawyer is leaving the Iowa Department of Economic Development to be the president and CEO of Des Moines' Downtown Community Alliance, effective Sept. 14.
People
Ramiro Cavazos is resigning as economic development director for the City of San Antonio to become director of research and economic development for the University of Texas Health Science Center, effective Nov. 3.
People
The Northeast Iowa Business Accelerator named Brian Dalziel as its first regional director.
Texas Puts $50M into Gene Institute
Coming off the heels of the state legislature's approval of a new Emerging Technologies Fund (see the June 13 issue of the Digest), Gov. Rick Perry announced last Saturday that Texas would provide a $50 million grant to establish the Texas Institute for Genomic Medicine (TIGM).
People
Gov. Tom Vilsack announced that Mary Lawyer will serve as acting director of the Iowa Department of Economic Development. Mike Blouin resigned from the position last week to launch his campaign to become the state's next governor.
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
Richard Greene, director of the Arlington Technology Incubator and former mayor of Arlington Texas, has been appointed regional administrator of the U.S. EPA.
People
The Sacramento Regional Technology Alliance is losing its executive director as Clare Emerson has announced she is relocating to oversee AEA's Texas office.
Local TBED Briefs
Iowa: Davenport Sells City Land for Tech Incubator
People
Holmes Foster, chairman of the Iowa Values Fund, has announced his resignation.
2001 Texas Legislature Acts Favorably For Tech-Based ED
More than $800 million for science, engineering, research, and commercialization activities
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.
Signs of the Times: Dell's Hometown Plans for Future
If one were asked to identify localized examples of the economic spectacle that was the late 1990s, the metro region of Austin, Texas would be on most short lists. A recently completed economic development plan from the tech-soaked Austin suburb of Round Rock, however, reflects the fundamental upheaval or disruption that characterizes the economies of many regions of the country.
People
Stefanie Sanford has joined Texas Governor Perry's office as Policy Director for Technology & Telecommunications
Texas Workforce Plan and Governor’s Budget Priorities In Sync
With his past efforts to strengthen the state’s position in the tech-based economy, new Texas Governor Rick Perry’s budget priorities — $251 million in new spending for college scholarships and math & science programs — should come as no surprise.
People
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.
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
Texas Governor Creates Biotech Council
Last week, Texas Governor Rick Perry announced the formation of the Governor's Council on Science and Biotechnology Development. The Council will strive to create a seamless system of innovation from the laboratory to the marketplace in rapidly developing areas of biotechnology — such as biopharmaceutical development, bioinformatics, genomics and nanotechnology.
Texas Governor Vetoes $570M in Spending from Proposed Budget; Slashes University Funding
Last week, Texas Gov. Rick Perry signed off on the state’s budget, but not before making substantial use of his line-item veto. Overall, the approved $151 billion FY 2008-2009 budget increases general revenue spending by $7.7 billion (11.8 percent) over the current biennium. Much of that new spending will support education in the state; however, a number of programs, particularly those connected to higher education, failed to receive the governor’s approval.
People
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.
People
Randy Weiss will serve as an entrepreneur-in-residence within the University of Iowa Research Foundation.