RI Governor to Legislature: Double Slater Funding, Attract VC
Rhode Island, like nearly every state in the country, is facing a projected budget deficit in FY 2004. To deal with a $175 million or 6.6 percent shortfall, 21 agencies are facing budget reductions in Governor Don Carcieri's first budget request to the Rhode Island General Assembly. However, demonstrating his commitment to "make strategic investments to promote job growth," Gov. Carcieri calls for increased support for several tech-based economic development initiatives.
TBED Organizations & People Update
To reduce administrative costs by up to $500,000 and to improve operational efficiencies, the Slater Fund Board of Directors has approved plans to consolidate Rhode Island's four Slater Centers into a single entity, the Slater Technology Fund, Inc. The fund will retain its four technology thrusts of biomedical technology, interactive technologies, design and manufacturing, and marine and environmental technologies.
People & TBED Organizations
Thomas Rainey was named the new president and CEO of the Northern Arizona Center for Emerging Technologies.
Rhode Island to Host Statewide Robotics Challenge
Starting next year, every Rhode Island high school student will be able to participate in the Vex Challenge, an international robotics competition that gives students firsthand experience with project management and engineering. A coalition of education and science and technology advocates, led by the nonprofit Business Innovation Factory, will cover the costs to schools and funding for an annual statewide tournament beginning in 2007. Rhode Island Gov.
Mississippi Governor Wants $4M More for TBED Initiatives
Momentum Mississippi, the state’s public-private economic development strategy first funded with $28 million last summer, could see an additional $4 million for new TBED initiatives if the state legislature passes Gov. Haley Barbour’s recommendation during its next session. Gov. Barbour announced his plans during the annual board meeting of Momentum Mississippi, which was attended by more than 75 industrial, academic and civic leaders.
People
Gov. Haley Barbour has named Gray Swoope as the new executive director of the Mississippi Development Authority. Swoope replaces outgoing executive director Leland Speed, who will serve through the end of December.
Growth Capital for Targeted Industries at Center of Rhode Island Economic Plan
Using the state’s regional advantage, the Rhode Island Economic Development Corporation (RIEDC) wants to create high-wage jobs in targeted industry sectors and establish new equity and financing programs that provide growth capital to sustain the ventures, the agency announced last week.
Mississippi Rolls Out Five New Capital-attracting Funds
One of the most vexing problems facing states, outside of a few well known success stories, is a persistent lack of attention from the venture capital industry. In 2006, almost 60 percent of venture capital investment was concentrated in California and Massachusetts. The other 48 states have had to devise their own strategies to compete with Silicon Valley, Route 128 and each other to gain the attention of potential investors.
People
Randy Goldsmith, is the new president and CEO of the Mississippi Technology Alliance. Goldsmith formerly was Assistant Vice President for Technology Transfer and Economic Development at the University of Texas Health Science Center San Antonio.
Rhode Island Announces State's First Centers of Excellence
The State of Rhode Island has selected two Research Centers of Excellence designed to expand research initiatives and encourage investment and job opportunities. The Rhode Island Center for Cellular Medicine and the Ocean Technology Center are the state's first technology centers.
People
Rhode Island Gov. Donald Carcieri promoted Saul Kaplan to serve as the new director of the Rhode Island Economic Development Corp. Kaplan replaces three-year veteran Michael McMahon, who left to launch a new equity firm.
People & Organizations
John Cronin was named state director of the new Rhode Island Small Business Development Center at Johnson and Wales University in Providence. Cronin is CEO of the Rhode Island Manufacturing Extension Partnership.
Rhode Island Action Plan Calls for Improvements in Science and Math Education
To improve the way students learn and teachers teach in the areas of science and mathematics, Rhode Island Gov. Donald Carcieri's Blue Ribbon Panel on Mathematics and Science Education recommends 12 specific strategies in four key areas including governance and culture; teacher recruitment; teacher quality; and learning opportunities for students.
MTA Launches Tech Network for Post-Katrina Mississippi
Information, telecommunications and electricity provide the basic building blocks for all tech-based economic development - regardless of industry sector, research field or location. In the aftermath of Hurricane Katrina, the technology infrastructure for many of the state's emerging tech-firms has been dismantled. How do you restore efforts to build a tech-based economy when the fundamentals are destroyed overnight?
Third Try's the Charm for $28M Momentum Mississippi
In its third special session of the year, Mississippi legislators passed House Bill 3, an economic development package of grants and loans for high-tech and existing industry, including Gov. Barbour’s Momentum Mississippi Initiative.
SSTI Job Corner: University Seeks Assistant Professor in Regional Economic and Workforce Development
The Department of Economic and Workforce Development at the University of Southern Mississippi is seeking someone to fill a tenure-track assistant professor position. Specialization in regional workforce development is preferred; however, other areas of specialization, such as disaster recovery, entrepreneurship, rural development, technology transfer, or low-income communities, will be strongly considered.
Rhode Island Going Wireless?
While many states are striving to increase broadband availability (see the Kentucky story above, for example), a Providence-based nonprofit released a study this month promoting the feasibility of making Rhode Island the first entirely networked state for broadband wireless.
Rhode Island Gov. Establishes S&T Advisory Council and Manufacturing Partnership
Gov. Donald Carcieri last month announced two new initiatives targeting Rhode Island's science and technology (S&T) and manufacturing industries. On April 12, Gov. Carcieri signed an Executive Order creating the Science & Technology Advisory Council.
People
The new Vice President for Business Ventures at the Mississippi Technology Alliance is Jim Lowery.
People
Dr. Angeline Dvorak has been named as the first full-time president of Mississippi Technology, Inc. She will also serve as chief executive office of the Institute for Technology Development.
Assessing E-Government Report now Available
This past summer, researchers at Brown University conducted the first nationwide content analysis of state and federal government Web sites. The study, Assessing E-Government: The Internet, Democracy, and Service Delivery by State and Federal Governments, focused on features available on-line, the level of variation across the country and between state and national governmental sites, and how those sites respond to citizen requests for information.
Mississippi S&T Policies Taking Shape
Unprecedented Goals, Unparalleled Progress, a report released in early August by Mississippi Governor Ronnie Musgrove, calls for the state to address several issues to better position the state to compete in the New Economy. Elements of the plan affecting the state’s science and technology base include:
Rhode Island Plan Targets Innovation
Like many low-population states that cannot benefit from tax revenues from oil and gas exploitation such as Wyoming and Alaska, Rhode Island must leverage its existing university and industry research capabilities more fully and encourage more private investment activity, according to the five initial recommendations of the Rhode Island Science & Technology Advisory Council (STAC).
People
Angie Dvorak, vice president of research and economic development for the University of Southern Mississippi, is becoming president of the university's research foundation.
People
University of Southern Mississippi Research Foundation President Angie Dvorak was named president of the Area Development Partnership. Dvorak currently serves on the organization’s executive committee.