Ah, the difference positive revenue figures make for some states' tech-based economic development (TBED) portfolios! In mid-December, Virginia Gov. Mark Warner introduced an amended 2004-2006 biennial budget that is the most favorable yet during the Warner term for programs to promote economic growth through strategic investments in science and technology.

Just what makes firms productive? Economists continue to refine their thinking on the interactions that enhance productivity. Knowledge capital and knowledge relatedness play an active role in increasing firm competitiveness, especially in large, high-tech manufacturing sectors, according to a study presented at a recent conference of the Groupe de Recherche en Economie.

E. Dana Dickens announced he will step down from the Suffolk City Council (Va.) to become president of the Hampton Roads Partnership, a group promoting economic development in the region.

Money is following the jobs and excitement that represents China's economy these days according to an annual survey of equity investments in China mainland businesses. Compiled by Chinese venture capital (VC) research and consulting firm Zero2IPO, the fourth annual survey found 60 firms made 253 investments totalling $1.269 billion (US) in China mainland or mainland-related enterprises in 2004.

The line was drawn in the sand a year ago. Some felt Virginia's Center for Innovative Technology (CIT), the Commonwealth's lead organization for science and technology, had been set up for failure in a partisan fight for limited public revenues. Like the rest of Virginia's economic development portfolio, CIT took a big hit in the budget cycle as Virginia dealt with a multibillion-dollar deficit in fiscal year 2003.

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.

The National Science Foundation’s Division of Educational System Reform is funding cooperative agreements with 13 urban school districts: Birmingham, Chattanooga, Chicago, Fresno, Memphis, Miami, Minneapolis, Nashville, Newport News, Oklahoma City, Omaha, Pittsburgh, and Philadelphia to improve K-12 mathematics and technology education. The awards are aimed at districts that already have improvement programs in place.

The National Science Foundation (NSF) has recommended awards for 24 projects in communities around the country to help translate knowledge gained from basic research into new products, businesses and services, as well as to provide workforce education and training opportunities focused on innovation. Totaling more than $14 million, each averaging about $600,000 over two or three years, the first-ever Partnerships For Innovation (PFI) awards cover projects in 20 states and Puerto Rico.

This week, the National Science Foundation (NSF) announced the establishment of four new Materials Research Science and Engineering Centers (MRSECs) and two new Engineering Research Centers (ERCs).

The first $90 million has been awarded through NSF’s new program Information Technology Research (ITR) initiative. The goal of the program is to build US leadership in information technology (IT) through support of fundamental research and innovative applications of IT. The ITR program is designed to strengthen the nation’s IT knowledge base as well as the IT workforce.

If you consider North America's public investment to encourage economic growth through science and technology at the state or provincial government level, Ontario should be in your top 10. And the recent injection of $63 million for technology commercialization might have bumped the province of 12 million residents up a place or two.

Science Spending to Rise £1B Over Next 3 Years Alone

"..because we want Britain to be the most attractive location in the world for science and innovation, we are setting a new and ambitious target of increasing UK R&D investment as a proportion of national income from its current level of 1.9 percent to 2.5 percent by 2014 over the next decade."

One Goal would see Science Share of GDP Surpassing US before 2010.

Innovation policy approaches need to address specific challenges, problems and opportunities found in different types of regions, according to a new research paper from the Vienna University of Economics and Business Administration. The paper, One Size Fits All? Towards a Differentiated Policy Approach With Respect to Regional Innovation Systems, was presented at the recent German Institute of Economic Research conference.

Michigan small businesses receiving state and federal grants for research and development will be able to put more of those funds into their work, with legislation unanimously passing the state Senate last week.

Scientific research, technological development and innovation are the heart of a knowledge-based economy, and in order to strengthen this sector in Europe, the European Union’s (EU) research budget needs to be doubled, according to a new plan released by the Commission of The European Communities.

One of the more interesting uses of funds from the national tobacco settlement with the states, Virginia officials announced a $12 million economic development and broadband technology infrastructure initiative to serve more than 25 towns, cities and counties of rural Virginia.