Proposed Michigan Budget Offers New Incentives for Job Creation
Gov. Jennifer Granholm unveiled her fiscal year 2009 budget last week, proposing to refinance a portion of the state’s general obligation and taxable tobacco bonds and reduce spending across nearly all state departments in order to finance new proposals without raising taxes.
SSTI Job Corner
More information on these opportunities and others is available at http://www.ssti.org/posting.htm.
As State Revenues Recede, Some S&T Cuts Made
The latest semi-annual state fiscal survey, released jointly this week by the National Association of State Budget Officers and the National Governors' Association, reconfirms the increasing pressure on state coffers found six months ago. Slowing revenues and increasing Medicare and health care costs have resulted in 16 states reducing expenditures in the current fiscal year by $1.6 billion. Eleven states also are reducing their FY 2002 revenue projections.
People
Gov. Jim Doyle named Mary Burke as the new head of the Wisconsin Department of Commerce. Burke replaces Cory Nettles, who resigned last month.
People
John Maxson, former president of the Illinois Coalition, was named CEO of The Greater North Michigan Avenue Association.
People
The Wisconsin Department of Commerce named Pamela Christenson as the first director for the new Bureau of Entrepreneurship.
Michigan Creates $150M VC Fund and Broadens Mfg Tax Credits
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.
South Takes on Digital Divide
In an economy driven increasingly by computer literacy and connectivity, leading the nation in the percentage of households not connected to the Internet is a distinction many in the South are working to eliminate. One South, Digitally Divided, the second annual TelecomSouth conference of the Southern Technology Council (STC), and its accompanying report Creating the CyberSouth are efforts in that direction.
Michigan Legislature Frees Fed R&D Grants from State Taxes
Michigan small businesses receiving state and federal grants for research and development will be able to put more of those funds into their work, with legislation unanimously passing the state Senate last week.
Wisconsin Gov. Signs Bills to Create Start-Ups, Improve Manufacturing Climate
Two legislative bills encompassing economic development priorities of Gov. Jim Doyle’s Grow Wisconsin initiative recently were signed to provide assistance for both entrepreneurs and manufacturers.
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Wisconsin Gov. Expected to Sign $62M VC Bill
Legislation to create investment tax credits and a technology commercialization grant and loan program was approved by the Wisconsin Assembly just before the close of the legislative session. Intended to encourage high-tech industry and entrepreneurship in the state, Senate Bill 261 is designed to create approximately $62 million in new funding for start-ups.
States Take Steps on Outsourcing
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.
Southern Region Progressing in TBED, But Lags in Private Investment
Southern states may have a justifiable reason to be proud of their progress in technology and innovation, but their leaders should be concerned with the lack of investment in venture capital and industrial research and development (R&D), suggests a report released last month by Southern Growth Policies Board and the Southern Technology Council (STC).
Report Offers Guidelines For Sustaining Diversity Efforts in S&T
Prompted by confusion over the dual rulings in the University of Michigan affirmative action cases last year, the American Association for the Advancement of Science (AAAS) and the National Action Council for Minorities in Engineering have released a new report to clarify the legalities and offer options for implementing and sustaining diversity programs within science, technology, engineering and mathematics (STEM) fields.
Manufacturing and the Future of the Industrial State: A Michigan Case Study
During the recent past, heavy loss of manufacturing jobs has created considerable economic upheaval in several states, particularly the industrial heartland of the country where manufacturing represents more of a state's private payrolls than the national average. Michigan, alone, lost 18 percent of its manufacturing-related jobs from 2000 to 2003, a staggering 163,000 mostly high-wage jobs. Still, the manufacturing sector comprises 17 percent of the total jobs in the Great Lakes state.
People
Marlo Jenkins will be the new managing director of TechTown, Wayne State University's research and technology park.
People
Wisconsin commerce secretary Cory Nettles is resigning his position and will join his old law firm as a partner.
People
The Great Lakes Entrepreneur's Quest has hired Arthur DeMonte as its first executive director. DeMonte was global director of the e-Business Technology Center at Dow Chemical.
Foundations Commit $100M for Detroit’s Next Economy
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.
Report Finds Michigan’s University Research Corridor an Asset to Economy
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.
Southern Growth Seeks Nominations for 2008 Innovator Awards
Each year, Southern Growth Policies Board honors Southern initiatives that are improving the quality of life in the region through its Innovator Awards. The Awards are presented annually to one organization in each of Southern Growth’s member states Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, Virginia and West Virginia.
Michigan Develops Life Sciences Entrepreneurship Strategy
Concerned that it currently lacks the “critical mass” required to be a leader in biotechnology, the Michigan Economic Development Corporation (MEDC) has prepared the Michigan Life Sciences Strategy, which outlines a plan to develop its universities, industries, and infrastructure to nurture biotechnology entrepreneurship over the next decade.
MEDC Counters Cyberstates with Own Tech Employment Study
Last week, the Michigan Economic Development Corporation (MEDC) announced the findings of Michigan: The High-Technology Automotive State, a new study that demonstrates that the state’s high-tech workforce is dramatically larger than previously reported by national rankings. The MEDC study shows that the American Electronics Association (AEA) uses a narrow definition of high-tech in their annual ranking, Cyberstates 4.0, which was released the next day.
ModForum Seeks CEO
The Manufacturing Modernization Forum (ModForum), located near Ann Arbor, Michigan, is a trade association for groups who help smaller manufacturers improve their productivity and performance. The not-for-profit organization seeks applications from qualified candidates to fill the position of President/CEO. Resumes will be accepted until November 24.