KTEC Unveils New Seed Fund for Technology Companies
The Kansas Technology Enterprise Corporation (KTEC), the state's lead corporation to promote advanced technology economic development, has developed a new investment program to help early-stage technology companies get the capital boost they need.
Biotech in North Carolina Gets $64.5M Boost
More workers in North Carolina will be trained for jobs in biotechnology, thanks to the Golden LEAF Foundation's recent $60 million commitment to the emerging industry. In all, $64.5 million is going toward a training initiative, with North Carolina's biotech industry expected to contribute $4.5 million.
Western North Carolina Looks to Speed TBED in 'Future Forward' Plan
After months of analyzing data and hundreds of interviews, organizers of western North Carolina's Future Forward economic development strategy only await the study's approval by local governments. Future Forward is aimed at improving economic development conditions for 12 counties in the Western Piedmont and Mountains of North Carolina located in the 10th and 11th Congressional Districts — Alexander, Burke, Caldwell, Catawba, Iredell, Lincoln, Rutherford, Avery, Mitchell, Watauga, Wilkes and McDowell counties.
People
Kenneth Lynn has been appointed president of KCCatalyst. Lynn formerly was a consultant to biotechnology companies assisting in technology acquisition, strategic planning, and commercial development.
People
Earlier this month, Gov. Ernie Fletcher announced Darrell Brock and Jim Host as new co-chairmen of ConnectKentucky. Brock, commissioner of the governor's Office for Local Development, and Commerce Cabinet Secretary Host joined existing chairman John Hall, retired chairman and CEO of Ashland Inc.
People
David Winwood is the new director of North Carolina State University's Centennial Campus.
People
Kansas Gov. Kathleen Sebelius named Howard Fricke to serve as secretary of the state's Commerce Department.
NC Biotech Plan Ambitious
A new plan to grow North Carolina's biotech industry to 48,000 jobs by 2013 and 125,000 by 2023 was released earlier this month by the North Carolina Biotechnology Center, a state-supported nonprofit organization. If implemented, the 108-page plan would cost up to $650 million over five years. That figure does not include the "to be determined" cost for 15 of the plan's 54 recommendations.
The 54 action steps span a variety of objectives:
People
Robert Geolas, director of the Centennial Campus at North Carolina State, is resigning to become director of the new International Center for Automotive Research at the Clemson University.
Kansas Legislature Wants $500M for TBED Strategy
Flanked by the Kansas Senate President and House Speaker, Republican legislators unveiled on Tuesday a two-pronged agenda to encourage entrepreneurship and biotechnology across the state. The plan calls for the state to invest at least $500 million over the next 10 years through a variety of new programs to encourage research, innovation and technology commercialization.
North Carolina Innovation Economy Strong, BST Index Finds
Despite a sluggish national economy, North Carolina held its own over the last three years, according to a measure of 25 broad indicators of innovation, technology and economic growth released earlier this week. In all, Tracking Innovation: North Carolina Innovation Index 2003 considers more than 50 performance measures across five general categories, highlighting the state’s strengths and weaknesses.
People
Dr. Catherine Renault is the new program manager for the Center for Technology Applications at RTI International, Inc.
People & TBED Organizations
Tom Clarkson was named the new director of Wake Forest University's Babcock Demon Incubator, replacing Paul Briggs.
People
Tim Witsman recently resigned as president of the Wichita Area Chamber of Commerce to pursue other opportunities in the community. Witsman headed the area's lead economic development agency for 15 years.
S&T Provides Foundation for New NC Strategy
A new strategic plan focusing on the North Carolina Department of Commerce's four cornerstones of economic development success – a globally competitive workforce, investment in science and technology, a competitive business climate, and attractive communities prepared for economic development – has been released by the state's Economic Development Board.
Does the “Cluster” Concept Address Equity?
A new report, Just Clusters: Economic Development Strategies that Reach More People and Places, from Regional Technology Strategies, Inc. (RTS) finds that while cluster-based economic development strategies have the potential to expand opportunities for disadvantaged populations and rural regions, most current cluster strategies do not pay attention to equity issues. The project was made possible through a grant from the Ford Foundation.
People
Larry Moolenaar is the new Executive Director of the Eastern Carolina Council of Governments.
Gleanings from the TBED Presses
Two of SSTI's sister organizations for promoting technology-based economic development (TBED) had items of potential interest to the readers of the SSTI Weekly Digest in their e-newsletters this week. The highlights below include links for more information.
Southern Growth Policies Board Offering Knowledge Economy Toolkit
The Southern Growth Policies Board has released a toolkit to help communities understand the knowledge economy and how new economic forces affect quality of life and economic development. Seeing the Future: The Knowledge Economy seeks to inform people about the knowledge, skills and resources needed to compete in today’s economy.
North Carolina Outlines Broad Biotech, TBED Strategy
Biotechnology has enormous potential for North Carolina's future, but the state's economic development strategy must be broader than any single industry and must include growth-from-within strategies, concludes a report published by the Institute for Emerging Issues at North Carolina State University.
People
Lt. Gov. Gary Sherrer has left his position as secretary of the Kansas Department of Commerce and Housing to become executive vice president with GoldBanc Corp. Sherry Brown, who had retired from the department, will return to serve as interim secretary.
People
Sandy Johnson, interim CEO of the Mid-American Manufacturing Technology Center, was appointed to the position on a permanent basis.
TBED People
Ken Berlack, formerly communications director for the National Commission on Entrepreneurship, has joined KCCatalyst, a regional organization dedicated to encouraging technological innovation and entrepreneurship in the Greater Kansas City area.
People
Two of North Carolina's state-created non-profit science and technology centers announced new leaders last week. David Rizzo is the new president and chief executive officer of MCNC. and Leslie Alexandre will serve in the same position for the North Carolina Biotechnology Center.
People
Matthew McClorey is the new president and chief executive officer of Kansas Innovation Corp. McClorey formerly served as vice president for business development & portfolio management at KTEC, a position now filled by Michael Peck.