Job Corner
TechColumbus is seeking a director of Information Technology Commercialization responsible for the business development of TechColumbus client companies, including assessment, evaluation and organized assistance to Information Technology/Computer Science client companies, with emphasis on proactive advising and guidance resulting in company success and wealth creation.
Job Corner
The Board of Directors of the Oklahoma Manufacturing Alliance is seeking a new president who will play a leading role in developing strategy for modernizing Oklahoma's industrial base. The successful candidate will possess strong leadership skills, demonstrated administrative ability, entrepreneurial management skills, organizational awareness, political sensitivity, and the ability to establish rapport with numerous constituencies.
TBED People
The Tennessee Biotechnology Association has changed their name to Life Science Tennessee.
Ann Arbor SPARK recently added Bill Mayer as director of their business accelerator team.
Michigan Lawmakers Pass Angel Investment Tax Credit Legislation
Michigan lawmakers last week passed a measure aimed at increasing access to capital for small businesses by allowing taxpayers to collect an income tax credit worth 25 percent of a qualified investment in emerging industries such as advanced manufacturing and life sciences. Under HB 5921, the investment must be at least $20,000 and certified by the Michigan Strategic Fund (MSF). MSF can certify up to $9 million in credits in a single year with up to $250,000 for each business. Gov.
TBED People
SSTI Board member Phillip Singerman has been named as the Associate Director for Innovation and Industry Services for the National Institute of Standards and Technology. He will assume this position on January 31.
Alabama Gov.-elect Robert Bentley named former house speaker Seth Hammett as the director of the Alabama Development Office.
Job Corner
Ann Arbor SPARK is seeking qualified applicants to become their next CEO. The CEO will be responsible for continuing the momentum and positioning SPARK as a key leader in economic development. The ideal candidate has demonstrated P&L experience, preferably as a CEO; can build and manage a high performance team; has outstanding communication skills; has a strong financial and fundraising skillset and experience base; is able to quickly and effectively develop strong partnerships and relationships.
TBED People
Maine Governor Paul LePage named Phillip Congdon as the new commissioner of the Department of Economic and Community Development. Cogndon is a licensed professional engineer who spent more than 20 years with Texas Instruments in Dallas. He replaces Acting Commissioner Thaxter Trafton.
NY Governor Wants to Create Regional Councils, Consolidate NYSTAR
Gov. Andrew Cuomo announced plans to direct $200 million in existing funds to establish 10 regional economic development councils to allocate funds and provide business assistance programs across the state. At the same time, the governor would consolidate programs supporting high-tech companies currently administered by the New York State Foundation for Science, Technology and Innovation (NYSTAR) with the Empire State Development Corporation (ESDC) — a move he says will eliminate duplicative functions and save the state $1.9 million in the coming year.
Job Corner
With support from the Greater Cleveland Partnership, NorTech (the Northeast Ohio Technology Coalition) is accepting applications for the two positions below:
Tech Talkin' Govs, Part IV
Save the Date! SSTI's 15th Annual Conference Set for Nov. 8-9, 2011
Hosted by TechColumbus, SSTI's 15th Annual Conference will be held at the Hyatt on Capital Square in Columbus, Ohio on November 8-9, 2011. Past attendees know SSTI's conference is the premier event for sharing ideas on the best ways to encourage technology-based economic development and foster regional prosperity in a global economy. And 2011 will be no exception.
AZ, OH and WI Govs Move to Privatize State Economic Development
Facing massive government deficits and stagnant regional economies, many states are exploring new options for their economic development activities. Three states recently have taken steps towards eliminating their primary economic development agencies, and replacing them with public-private partnerships, intended to reduce state spending and improve the responsiveness of state efforts.
MI Budget Seeks to Reform Economic Development Incentives
With no significant boost in funding for Michigan's economic development efforts proposed in the executive budget, Gov. Rick Snyder outlined steps to reform the way businesses are incentivized and modify the state's approach to job creation by better supporting local and regional initiatives as a means to transform the state's economy.
Digest Update on Angel Tax Credit Measures: MI Enacts; NJ Gov Vetoes
SSTI recently reported on two important bills passed by lawmakers in Michigan late last year and in New Jersey earlier this year that would provide incentives for taxpayers who invest in emerging technology companies. As an update to the Dec. 8, 2010 and Jan. 12, 2011 stories, both former Michigan Gov. Jennifer Granholm and New Jersey Gov. Chris Christie have taken action on the bills with opposing outcomes. Gov.
Digest Celebrates 15 Years; SSTI Now on Facebook
Fifteen years ago this week, the SSTI Weekly Digest launched with two pages faxed to a distribution list of 56. We faxed it on Fridays because, at the time, Sprint offered free faxing on Fridays. When we started the Digest, one of our board members expressed concern about not having enough material to produce a weekly newsletter; as it turned out, that's never been a problem. As technology has changed, so has the Digest, and we're always looking for the best ways to communicate and get out the news.
2011 Excellence in TBED Awards Program Kicks off in May; Entry Fees Reduced
National recognition for your organization's achievements is priceless. Past recipients of SSTI's Excellence in TBED Award tell us the recognition has helped to generate positive publicity, raise funds, and attract the attention of key stakeholders and legislators. SSTI's 2011 awards program kicks off May 17 with an open call for applications.
TBED People
Bob Crowley, president of the Massachusetts Technology Development Corp., will step down June 30. Crowley has held the position since 2002 and has been with the quasi-public agency since its beginning in 1978.
Mitch Adams, executive director of the Massachusetts Technology Collaborative is resigning after leading the agency for nearly a decade.
Ohio Budget Seeks Dedicated Funding for Jobs Program
Leasing the state's wholesale liquor distribution system to JobsOhio to provide a dedicated funding source of about $100 million annually for job creation is a key component to reforming Ohio's economic development efforts under Gov. John Kasich. The governor unveiled the plan last week as part of the 2012-13 biennial budget. The proposed budget also sets aside $33 million in the second year of the biennium to facilitate the transfer of economic development initiatives from the Ohio Department of Development (ODOD) to the newly established nonprofit corporation.
Tech Talkin' Govs, Part VII
Ohio's Third Frontier Program Yielding 22% Annual Return, Heads to May Ballot for Renewal
The Ohio Business Roundtable's independent assessment of the outcomes and impacts from the first $473 million invested from Ohio's Third Frontier (OTF) Program since its creation in 2003 shows the program providing an annualized return of 22 percent - and climbing. Presented to the Ohio Department of Development Dec. 8, the report reveals product sales of OTF-funded projects already equal $440 million alone, nearly matching the state's investment. An additional $3.2 billion of follow-on funding has been secured for OTF projects as well.
Tech Talkin' Govs, Part III
The third installment of SSTI’s Tech Talkin’ Govs’ series includes excerpts from speeches delivered in Delaware, Maine, Missouri, New Hampshire, Ohio, Rhode Island, South Dakota, Utah and Wisconsin. The first and second installments are available in the Jan 13 Digest and Jan. 20 Digest, respectively.
Tech Talkin' Govs, Part IV
The fourth installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Alaska, Connecticut, Maryland, Michigan, Nevada, and Oklahoma. The first three installments are available in the Jan 13, Jan. 20 and Jan. 27 Digests.
Job Corner
The National Institute of Standards and Technology is seeking qualified applicants for the director of the Technology Innovation Program (TIP). The director will serve as the executive responsible for managing and leading this critical program for NIST. The TIP was established as part of the America COMPETES Act (P.L.
TBED People
Sandy Baruah has been selected to become the president and CEO of the Detroit Regional Chamber, effective March 15.
John Collar, the chief executive officer and president of the Colorado BioScience Association, resigned this week to pursue other business opportunities. Denise Brown has been selected serve as the organization's interim executive director while a search is conducted for Collar's replacement.
Michigan Gov Plans to Boost Entrepreneurship, Unveils FY11 Budget
A plan to provide loans and specialized training to foster entrepreneurship recently was announced by Gov. Jennifer Granholm. The two-pronged, $43 million strategy consists of a loan partnership between credit unions and Michigan Small Business and Technology Development Centers with specialized training provided through the Michigan Economic Development Corporation's FastTrac NewVenture Program.