Angel & Venture Capital News
Boise Gains First Angel Investor Network
Michigan Creates $150M VC Fund and Broadens Mfg Tax Credits
Last Thursday, Gov. Jennifer Granholm signed bills to aid Michigan’s tool and die industry and to promote new venture capital investment in the state’s high-tech industries.
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 Michigan Economic Development Corporation has named Sandy Ring to the new position of vice president for economic development policy.
People
Lizabeth Ardisana was elected Chairperson of the Michigan Hispanic Chamber of Commerce, becoming the first woman to hold the position in the state.
People
The Idaho Economic Development Association has named Jan Rogers as new president.
Proposed Michigan Budget Offers New Incentives for Job Creation
Gov. Jennifer Granholm unveiled her fiscal year 2009 budget last week, proposing to refinance a portion of the state’s general obligation and taxable tobacco bonds and reduce spending across nearly all state departments in order to finance new proposals without raising taxes.
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
Mike Leavitt of the Idaho National Engineering and Environmental Laboratory has been appointed the Co-chair of the Federal Laboratories Consortium State and Local Government Committee.
People and Organizational News
The first director of the new Automation Alley Technology Center will be Thomas Anderson.
TBED Comings and Goings
Thomas Anderson is the new director of the Automation Alley Technology Center in Michigan.
Tech Talkin' Govs V
In SSTI's final look at the 2003 State of the State Addresses and Inaugural Addresses, we find the importance of building technology-based economies continues to be emphasized by governors across the country, despite – or because of – the down economy. Below are excerpts from speeches given in Michigan, Minnesota, Oklahoma, Rhode Island and Texas.
People
Idaho Falls businessman LaMoyne Hyde was appointed by Gov. Dirk Kempthorne to serve as Director of the Idaho Department of Commerce.
People
William Rosenberg has resigned from his position as CEO of the Michigan Broadband Authority. which approved its first loan at the end of March for wireless broadband service in several small towns.
People
Elizabeth Sellars is the new manager of Idaho Operations for the Department of Energy.
People
Michael Witt has been appointed Executive Director of MichBio, the state's bioscience industry association.
People
Doug Rothwell, President and CEO of Michigan Economic Development Corp. until the end of Gov. Engler's administration in January, has accepted the position of executive director for worldwide real estate at General Motors Corp.
People
Howard Bell is the new executive director of Wayne State University's Research and Technology Park. One of the state's SmartZones, the park was recently named the permanent site for Michigan's $50 Million NextEnergy Center.
People
Laurence Gebhardt has been selected to serve as the first director of Idaho's TechConnect East.
People
Gary Mahn, director of the Idaho Department of Commerce, has announced he will resign from the position at the end of the year.
Wayne State University to House Michigan's NextEnergy Center
Michigan's NextEnergy Center, the central component of Gov. John Engler's $50 million fuel cell initiative, will be located within Wayne State University’s Research and Technology Park in Detroit, the Michigan Economic Development Corporation (MEDC) recently announced. Wayne State is situated in the Woodward Technology Corridor, one of 11 SmartZones located across Michigan.
Communities Team with Federal Labs to Promote Tech-based ED
With more than 700 facilities around the country, federal laboratories and research centers can provide many resources for communities to tap as they strive to develop tech-based economies: technologies available for transfer and commercialization; facilities and technical staff available to partner with companies and universities for research; and, connections to funding and procurement opportunities.
People
Former Lansing Community College president Paula Cunningham is the new director of the Michigan Department of Labor and Economic Growth.
EDA Increasingly TBED Friendly, Sampson to Keynote at SSTI's Conference
A review of recent grant announcements from across the country reveals the growing importance the Economic Development Administration (EDA) places on supporting technology-based economic development projects. EDA's emphasis on technology-led economic development is expected to be the focus of a keynote address delivered by Dr. David Sampson, Assistant Secretary of Commerce for Economic Development and EDA head, at SSTI's Sixth Annual Conference this October 2-3.