Montana House OKs Use of Coal Taxes for R&D
The Montana House of Representatives narrowly approved a measure that, if passed by the Senate, will provide $9-$10 million a year for state research and development projects.
Montana House Bill 260 changes the way in which coal severance taxes are collected to allow a portion of the revenue to be designated for R&D spending.
Vermont Leads Manufacturing Exports, Study Finds
Long-held opinions are hard to change. The state of the US manufacturing sector is a good example. Many people, particularly those in the Northeast and Midwest, hold tightly to memories of mass layoffs and factory closings nearly 20 years ago.
People
The Vermont Economic Progress Council has named Fred Kenney as Executive Director. VEPC is the nine-member panel established in 1994 with members appointed by the Governor to provide long-term economic policy planning. In 1998 it was given the responsibility of implementing the Economic Advancement Tax Incentives Act and reviewing applications for tax incentives.
New Director Named
Dr. Paul S. Huyffer has been named Executive Director of the Vermont Technology Council and Special Assistant to the President of the University of Vermont for Economic Development. The Vermont Technology Council has been in existence since 1992 and has been responsible for the development of a science and technology plan for the state.
Position Available
Applications and nominations are invited for the position of Executive Director of the Vermont Technology Council. The Council is a voluntary association of community leaders from the public and private sectors who are concerned with the economic vitality of Vermont and believe that the state's prosperity depends on the successful commercialization within the state of scientific and technological advances and innovations.
People in S&T
Dr. Paul Hale has been named the Executive Director of the Vermont Technology Council. Among other tasks, Dr. Hale is working on the state’s EPSCoT award in cooperation with the Vermont EPSCoR Program.
People
Christopher Hagen is serving as Nevada’s Science & Technology Advisor for the next 18 months. The position will be completely funded by Bechtel Nevada, Mr. Hagen’s employer of 22 years.
Montana Legislature Approves $46 M Economic Development Package
After two years of partisan politics and court battles, the Montana legislature last week overwhelmingly passed HB 1, a $46 million, five-year appropriations package to fund several state science, technology, and economic development initiatives. The legislation brings to close a saga that began with a successful court challenge to the funding mechanism for S&T programs.
Recent Entrepreneurship Items Of Note
A Letter from Bozeman, Montana
$105M Tech Tax and VC Legislation Passes in Vermont
Capital for start-up and early-stage business ventures should become more plentiful in Vermont based on legislation, S. 178, passed in late May. A spokesperson for Governor Jim Douglas appraised the act's total impact as representing a $105 million investment into the state's economy.
People
Molly Lambert, secretary of the Vermont Agency of Commerce and Community Development since 1998, is resigning July 1 to become head of the Vermont Captive Insurance Association. The Agency is comprised of the Departments of Economic Development, Tourism and Marketing, and Housing and Community Affairs.
People
Kevin Dorn has been named secretary of the Vermont Agency of Commerce and Community Development by Gov.-elect Jim Douglas.
People
Tim Rubald, interim executive director of the Nevada Commission on Economic Development, was appointed to the position on a permanent basis.
Vermont Passes Tax Credits, Examines High Tech Impact
Vermont’s high-tech businesses now can take advantage of new tax credits with Governor Howard Dean, M.D.’s signature on H. 239. The bill creates a set of five incentives for high-tech businesses in industries including computer hardware or software, information and communications, microelectronics, semiconductors, digital communications, medical devices, energy technologies and electric vehicles.
People
Lloyd Chestnut, vice president of research at the University of Montana is leaving to take the position as vice president for research and technology transfer at the University of North Texas.
Montana Legislature Passes $60 Million VC Act
Venture capital investments in Montana may have become a little more attractive last Friday as the Montana House of Representatives passed the Montana Equity Capital Investment Act, moving the legislation to Gov. Brian Schweitzer for his consideration and expected signature.
Montana Gov. Wants More Than $20M Endowment for Economic Development
With a state legislature that only meets for 90 days every two years, opportunity for positive change in Montana's public-supported efforts to build a tech-based economy is limited. For the proposed $20 million Big Sky Economic Development Trust Fund - one of new Gov. Brian Schweitzer's largest economic development initiatives - the 90th day, April 26, is fast approaching.
People
Mark Rudin, the interim vice president for research and graduate dean at the University of Nevada, Las Vegas, will become the vice president for research at Boise State University, effective Jan. 1.
Montana Fund-of-Fund Launches after Two-year Delay
A long-delayed equity capital program in Montana is on its way to becoming a reality. Montana, which received no venture capital investment in 2006 according to the PricewaterhouseCoopers Moneytree survey, has struggled to attract the interest of venture capital firms. The Montana Equity Capital Investment Act, sponsored by State Sen. Jeff Mangan and signed by Gov. Brian Schweitzer in 2005, was intended to make the state more attractive to outside investors, but never seemed to get off the ground.
People
The Montana SBIR Outreach Program is changing its name to the Montana Technology Innovation Partnership.
People
David Archer is the new managing director for Nevada's Center for Entrepreneurship and Technology.
People
Bob Shriver recently resigned as director of the Nevada Commission on Economic Development. Tim Rubald, the commission's director of business development, has been named interim director.
Vermont EPSCoR, Public TV Offer Series on State's Scientific Discoveries
State universities and research programs depend on public support to develop and commercialize new technologies, but the actual science involved in these discoveries can seem intimidating and arcane to the layman. How then should a state go about engaging the public in scientific research?
Gov. Douglas Introduces Four-part Strategy to Promote Vermont TBED
In his inaugural address last week, Vermont Gov. Jim Douglas announced a four-part plan to bolster research and high-tech economic development. The governor’s Vermont Way Forward strategy would promote high-tech business, particularly in the state’s emerging environmental engineering industry. In addition, the strategy includes a plan to make Vermont what the governor says would be the country’s first “e-state,” one in which universal access to broadband and wireless technology are available anywhere within the state’s borders.
Nurturing Creative Economy Key to Growth in Vermont
This past fall, Vermont released what may be the nation's first statewide effort to lay out an economic development strategy based on the creative economy theories advanced most prominently by George Mason professor Richard Florida.