By a narrow margin, Ohio voters on Tuesday rejected a constitutional amendment that would have permitted the state to issue up to $500 million in bonds over 10 years to fund technology-based economic development projects. Defeated 51 percent to 49 percent, Issue 1 would have made up the final component of Gov. Bob Taft's proposed 10-year, $1.6 billion Third Frontier project. The remaining $1.1 billion is unaffected by Tuesday's vote.

Looking to launch a biotech initiative? Getting into commercializing university research? Are tight budgets leading to more rigorous program evaluation?

Julian Manly Earls is the new director of the NASA Glenn Research Center in Cleveland.

Team Northeast Ohio has picked Texan Robert Farley for its first executive director.

Dan Lohymeyer has stepped down as president of Ohio's IT Alliance.

The new executive director of the Center for Regional Economic Issues is Edward Morrison.

The Modernization Forum seeks qualified candidates to serve as a project manager for a one-year position. The manager will plan, staff and facilitate research involving focus groups, phone and mail surveys, and secondary resources related to small manufacturing and the economy. The manager will work in collaboration with contracting organization as part of a highly qualified research team.

Donald Jakeway will be the new president and CEO for the Michigan Economic Development Corp.

Michigan Governor Jennifer Granholm has vowed to enlist her fellow governors in the fight to maintain the nation’s vital manufacturing industry. At a recent meeting of automotive industry executives and experts in Traverse City, Mich., Granholm used her keynote speech to call for actions that will stave off the loss of manufacturing jobs in the U.S.

SSTI is pleased to announce the creation of the Excellence in TBED Awards. This new program is designed to celebrate exceptional achievement in technology-based economic development (TBED), the approaches used to help foster a climate where innovative companies developing and adopting technology thrive.

Yes, it could happen. Bid packets are available. Your organization could host SSTI's 12th annual conference during the fall of 2008. More than 350 of the nation's greatest thinkers and practitioners for building tech-based economies could descend on YOUR city.

Ten foundations have joined forces to create an eight-year $100 million New Economy Initiative for southeastern Michigan, with a goal of transitioning the region’s economy toward more knowledge-intensive industries. Three foundations, Ford, Kellogg and Kresge – each created from the personal fortunes made by some of the founders from the state’s historic economic bases – have contributed $25 million toward the effort. Additional support ranging from $1.5 million to $10 million is being provided by seven other community foundations.

Public universities in most states compete with other state priorities for appropriations each year or two-year budget cycle. With the state’s fiscal year ending Sept. 30, no new budget passed by the legislature and a projected state revenue deficit of more than $1.5 billion for 2008, universities in Michigan may feel greater pressure to assert their importance to the state’s economy.

As with every public policy or program to promote economic development, TBED initiatives can fall victim to critics’ concerns regarding the value of these approaches if performance measurement is not an integral component of your efforts. Fair assessment of impact, though, remains a thorny issue for many TBED strategies because of the early stage of investment (e.g. support for university research, entrepreneurship education or even seed capital).

 

One of the hottest political topics this year is the outsourcing of U.S. jobs to other countries. A Google search on "outsourcing" returns about 4.8 million pages. Reports from Gartner, Forrester Research, McKinsey & Company, AeA, and the Institute for International Economics, among others, have looked at the topic and fed the interest.

For just over eight years, the SSTI Weekly Digest has come to you every Friday...first it was by fax, then by e-mail.  Starting with this issue, the Digest makes a change and will be distributed each Monday.  We believe this change will help you get your week started right...and will give the SSTI staff something to do on the weekend.

SSTI welcomes Rhiannon Mehring to its staff as a research associate.

The Wright Center for Innovation for Advanced Data Management and Analysis named Charles Walsh as its first president.

The Fund for Our Economic Future, a new collaboration of Northeast Ohio private, community and corporate foundations to support regional economic development, has secured more than $22 million in commitments and is expected to grow to $30 million. Launched last week, the fund is believed to be the largest and most comprehensive philanthropic collaboration of its kind in the U.S.

Tony Brown, director of the Community Development Financial Institution (CDFI) Fund at the U.S. Treasury Department, announced his resignation effective Feb. 27, to become chief executive officer of the Uptown Consortium in Cincinnati.

Ohio State University has appointed Vicki Butland to serve as interim president and chief executive officer for the Science and Technology Campus Corp.

Ohio’s IT Alliance (OITA) invites applications and nominations for the position of President and Chief Executive Officer. OITA's mission as a statewide public/private partnership is to drive the growth and improve the competitiveness of Ohio through the development and support of its information technology industry. The new President will enhance OITA’s role as the key public/private catalyst for industry growth and success.

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.

In what may be the first gift of its kind, a $5 million cash donation has been made to a technology transfer office to endow the commercialization of new health technologies. The Cleveland Clinic announced receipt of the donation from John Ferchill, a Northeast Ohio real estate developer, in mid-December.

The Michigan Economic Development Corporation has named Sandy Ring to the new position of vice president for economic development policy.