Tech Talkin’ Govs part 5: Tax incentives, clean energy, help for higher ed strike note in governors' addresses
More than half of the governors have now delivered their state of the state addresses, and TBED initiatives continue to play a prominent role in their plans. Higher ed’s affordability and/or role in the workforce are concerns in Montana, South Carolina, Utah and Vermont. Maryland is looking at clean energy and higher education. Utah is also grappling with burgeoning growth while Vermont considers measures to increase its workforce.
Evaluation finds TEDCO programs have strong economic benefit
TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace.
TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace. The direct Maryland economic activity generated by these core programs totaled nearly $900 million in 2018, a considerable increase from the $572.3 million in economic activity reported in 2015. Of all TEDCO programs, the Seed Investment Fund has the largest direct impact, accounting for more than half of all employment and direct economic activity.
People
Dr. Paul Kedrosky has joined the Ewing Marion Kauffman Foundation as a senior fellow.
Missouri Group Lobbies for Statewide TBED and Capital Strategy
Although Missouri frequently ranks in the top 20 states for federal research grants and academic R&D, the state consistently ranks much lower in the creation of new high-tech companies. A recent report by Dr. Mark Parry of the University of Missouri-Kansas City Bloch School of Business suggests that early-stage high-tech entrepreneurs and companies have been unable to secure sufficient capital to launch successful ventures.
Useful Stats: NIH Awards by State, FY 2001-05
Increasing federal funding for life science research is one of the most significant ingredients for improving a state’s position in building a strong biotech and biomedical sector. As appropriations for the National Institutes of Health (NIH) were increasing annually – as they did in the last half of the 1990s and the first few years of this decade – this was not a zero-sum game. All states could win.
TBED People
Bryan Allinson has joined Ohio University as director of technology transfer.
TBED People
California Gov. Arnold Schwarzenegger signed an executive order establishing the Governor's Office of Economic Development and appointed Joel Ayala as the director of the new office.
NIST Competition: $25M for Manufacturing Research Projects
A competition for high-risk, high-reward research funding recently was announced under the Technology Innovation Program (TIP). The goal is to improve critical manufacturing processes that reduce costs, save time, increase quality or reduce waste to dramatically improve the competitiveness of process-based industries, including the biomanufacturing sector, which produces vaccines and other biopharmaceuticals. To fund the program in its first year, $25 million may be available for up to 25 projects. The deadline to apply is July 15.
Maryland Budget Supports BIO 2020 Initiative
Maryland legislators recently passed the FY11 budget, allocating $10.4 million for stem cell research and $8 million for tax credits for biotechnology companies. Many of the appropriations follow closely in line with Gov. Martin O'Malley's recommendations, which aim to support the Maryland BIO 2020 initiative, a statewide plan investing in biotechnology over 10 years.
New ATP Solicitation Forthcoming
The National Institute of Standards and Technology (NIST) recently announced the Advanced Technology Program (ATP) will conduct a new competition in fiscal year 2007 for cost-shared awards to support high-risk industrial R&D.
People
Jan Lesher was named director of the Arizona Department of Commerce, replacing outgoing Gilbert Jimenez.
New Advisory Board to Guide MEP; MEP Successes Highlighted
Eight industry and economic development leaders have been appointed to serve on the newly created Manufacturing Extension Partnership National Advisory Board. Meeting three times a year, the board will provide advice on MEP programs, plans and policies. The board will summarize its findings and recommendations to the Secretary of Commerce in an annual report.
The board members are:
NIST, OSTP Nominations Announced
President Clinton intends to nominate Ray Kammer to become the next director of the National Institute of Standards and Technology (NIST) and Duncan Moore as the Associate Director for Technology in the Office of Science and Technology Policy (OSTP). Both appointments must be confirmed by the Senate.
Panel Members Sought
Nominations of individuals to serve on the Sea Grant Review panel are being solicited. The panel advises the National Sea Grant College Program on the operations of the program, including review of applications or proposals for grants and contracts and the designation and operation of sea grant colleges and sea grant regional consortia.
Prabhakar to Leave NIST
Arati Prabhakar, director of the Commerce Department's National Institute of Standards and Technology (NIST), announced this week that she will be leaving NIST to become senior vice president and chief technology officer of the Raychem Corporation, Menlo Park, Calif.
People
Phil Singerman, the head of the U.S. Department of Commerce's Economic Development Adminstration, was named president of the new Maryland Technology Economic Development Corporation.
TEDCO Presidency Available
Candidates are sought for a Senior Executive position (Salary $100,000+) to provide visionary and high level leadership for the Maryland Technology Development Corporation, a new statewide technology transfer and commercialization nonprofit organization. Resume and salary requirements must be submitted no later than July 12, 1999.
Maryland Plan Calls for $72M Investment in STEM Workforce, R&D Infrastructure
To establish Maryland as a global leader in science, technology, engineering and mathematics (STEM) workforce and STEM-based R&D infrastructure, a task force convened last year by Gov. Martin O'Malley urges the state to adopt a set of initiatives to reach higher performance standards in teaching and learning in addition to greater productivity in transforming the state's high volume of R&D activity into economic growth and job creation.
Incubator Numbers Grow with Interest in Tech Entrepreneurship as Recession Cure
As economists and policymakers debate the details of how and when the nation will recover from the recession, the topic of entrepreneurship and the role it will play in shaping the new economy continually arises. In the coming years, some analysts predict a rise in entrepreneurship both as a result of massive layoffs and an aging workforce not yet ready or able to retire.
Missouri governor uses CARES funds to support incubator facilities
Missouri Gov. Mike Parson last week announced that $1 million of the state’s CARES Act funding will be used to create a grant for nonprofit and university-based coworker and incubator facilities. The grant will be administered by the Missouri Technology Corporation (MTC). Organizations will be reimbursed with grant funds for expenses related to updating the facilities to encourage social distancing, adopting enhanced sanitation protocols or acquiring PPE to comply with the guidelines of the public health emergency.
Ten states selected for manufacturing-focused Policy Academy
Ten states from across the country have been selected as part of a unique program designed to grow and strengthen their manufacturers. Over the course of the next year, interdisciplinary state teams will meet together in Washington, D.C., and separately in their home states, to develop and refine strategies impacting manufacturing industries.
Tech Talkin’ Govs 2020: FL, GA, IN, IA, KS, KY, MO, RI, WA present diverse efforts to grow economies
Governors’ focus on initiatives particular to their state in this latest round of state of the state addresses. As SSTI continues to review the speeches for new innovation proposals, we found states continuing to focus on education with more attention on teacher salaries and efforts extending all the way down to pre-K with a recognition that the future workforce is influenced by many factors.
Missouri’s new strategic plan aims to boost statewide innovation and entrepreneurship
Missouri has a new tool to support the advancement of entrepreneurship and innovation across the state. The Missouri Technology Corporation (MTC), in partnership with TEConomy Partners LLC., identified strategic recommendations and actions to drive innovation and entrepreneurship in Missouri developed under the Missouri Innovation and Entrepreneurship Strategy Steering Committee.
Maryland and Indiana see growth from TBED investments
With a 20-year history, the Maryland Technology Development Corporation (TEDCO) is reporting an economic impact in 2021 four times greater than what they experienced in 2013. A new independent study found that its six core programs have provided “significant value” to the state’s start-up community, supporting over 10,000 jobs and more than $2 billion in statewide economic activity as of 2021. Meanwhile, BioCrossroads, a non-profit based in Indianapolis, has reported growth in its life sciences initiatives over the past 15 years.
First five states approved for SSBCI funds
The U.S. Department of the Treasury announced today that five states — Hawaii, Kansas, Maryland, Michigan and West Virginia — have had their State Small Business Credit Initiative (SSBCI) capital programs approved by the agency.