The Pennsylvania Department of Community and Economic Development, in concert with the Pennsylvania State University, are presenting the inaugural Creating Pennsylvania’s Future: A Higher Education, Economic and Community Development Summit, aimed at energizing institutions of higher education, busi

Dennis "Mickey" Flynn is the new president of Pennsylvania BIO.

Former Massachusetts State Senator Peter Larkin is the senior vice president and chief operating officer for the Massachusetts Biotechnology Council.

Rebecca Bagley is the new Deputy Secretary for Technology Investment in the PA Dept. of Community and Economic Development.

After nine years as deputy director of the National Science Foundation, Dr. Joseph Bordogna is resigning. He will return to the University of Pennsylvania as Alfred Fitler Moore Professor of Engineering.

Richard Overmoyer, deputy secretary for technology investment at the Pennsylvania Department of Community and Economic Development, is leaving to join the lobbying group, GSP Consulting.

The challenge for industry, academic leaders and policymakers in Massachusetts over the next few years is to translate the competitive strengths of the state's economy into new companies and new jobs, the ninth annual Index of the Massachusetts Innovation Economy indicates.

As expected, Massachusetts Gov. Mitt Romney rejected last week Senate Bill 2039, the bill supporting stem cell research. Exercising a power not enjoyed by all governors, Gov. Romney sent the measure back to the legislature with four amendments for consideration, rather than vetoing the measure.

Using patent filing and quality as a measure of innovation, “a dollar of venture capital appears to be about three times more potent in stimulating patenting than a dollar of traditional corporate R&D,” according to a July 2000 paper by Samuel Korton (Boston University) and Josh Lerner (Harvard University).

Several months of debate leading into a special legislative session late last year was not enough to convince lawmakers to approve funding for two of the governor’s major TBED priorities. With the release of the fiscal year 2008-09 budget recommendation, Gov. Ed Rendell is again asserting the importance of the alternative energy legislation and the Jonas Salk Legacy Fund, urging lawmakers to quickly enact the initiatives.

 

Dean Lewis was named interim president and CEO of the Science Center. Lewis replaces Pradip Banerjee, who left in January.

Aris Melissaratos is the new special adviser to the president for enterprise development at the Johns Hopkins University. The position was created for Melissaratos following his departure as secretary of the Maryland Department of Business and Economic Development.

The gradual aging of the American workforce and the domestic migration of young workers may be at fault for slow economic growth in many states that have historically been successful in promoting high-tech business, according to this year’s Index of the Massachusetts Innovation Economy.