After discovering that only 10 percent of the venture capital raised in New Jersey is invested in New Jersey companies, a new venture fund has been established combining private, state, and federal resources. The seed investment fund will be used to assist New Jersey start-up technology businesses get off the ground.

The long-time executive director of the New Jersey Commission on Science and Technology, Jay Brandinger, recently announced his decision to resign as Executive Director of the New Jersey Commission on Science and Technology. Consequently, the Commission is seeking an Executive Director.

Governor Christie Whitman has announced New Jersey Jobs for a New Economy, a multi-million dollar package of technology-related initiatives to make New Jersey more competitive in the creation of high technology jobs. 

Among the plan's proposals are the following technology-related investments: 

With the start of the new year, a number of state legislatures are reconvening. Quite a few states have significant research, science, and technology issues on their legislative calendar, including the following:

Nebraska Governor Mike Johanns has appointed Richard Baier as the state's first rural development director. Baier will work closely with the new Nebraska Rural Development Commission.

The Fourth of July might just be a paid holiday for New Jersey's tech-based economic development agency after all. Since Governor James McGreevey released his FY 2004 budget request six months ago, the New Jersey Commission on Science and Technology has been living under a June 30 death sentence. Facing a deficit forecast in excess of $4 billion, the governor had called for the elimination of the $15 million program.

Carla Patterson is the new director of the Nebraska Manufacturing Extension Partnership.

NJCST Out, Cancer Research In

Chuck Henderson has announced he will retire as president of the University of Nebraska's 130-acre Technology Park next June.

Dan Curran is the new director of the Business Development Division of the Nebraska Department of Development.

Two separate news stories covering different New Jersey's technology-based economic development initiatives may give one of the first peeks at Governor James McGreevey's plans for science & technology in the Garden State.

A wake-up call. That's what the final report of the Lincoln Technology Council said the city received after learning one of its top employers was expanding its operations in a nearby city instead of Lincoln because of perceived weaknesses in Lincoln's telecommunications infrastructure.

Gov. James McGreevey recently appointed Alfred Koeppe as the new Chairman of the Economic Development Authority of New Jersey.

To help make his state a leader in research, development and innovation, New Jersey Governor James McGreevey recently signed an executive order establishing the Commission on Jobs, Growth and Economic Development. Highlighting the state's strengths but calling for it to move forward, even with a $5 billion budget shortfall looming, the governor said the commission is needed to put New Jersey in position to be more competitive.

Democrats took the year’s only two races for governor, electing Jim McGreevey in New Jersey and Mark Warner in Virginia. 

The University of Nebraska Technology Park has named Steve Frayser as president.

State Also Begins Work on $150M Stem Cell Research Center An agreement between Gov. Jon Corzine and state legislative leaders will result in a $450 million bond referendum being put before New Jersey voters this fall. If approved, the money will be used to augment support for the state’s stem cell research initiative over the next 10 years.

Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.

Peter Gold was appointed associate provost for economic initiatives at Rutgers-Camden.

New Jersey and Virginia were the only two states to choose governors in November 2005, with both states having open races. Below is a description of each governor-elect's position on TBED.

For many areas of the country, the first five years of the 21st century may well be remembered as a period of dramatic economic transformation, or the beginning of one as the rate of change continues at a fast clip. Having statistics for the five-year period of 2000-2005, however, provides the first opportunity for policymakers and academic researchers to look for meaning in the trends.

The New Jersey Manufacturing Extension Partnership (NJMEP) seeks qualified applicants for the position of Executive Director. A successful candidate will have a established record of entrepreneurship demonstrated through a history of leadership in firm or division status, new product launches, development of new marketing strategies, or similar endeavors. Applicants must have senior-level management experience in an industrial manufacturing firm with full profit and loss responsibility.

Examining the components that would most likely be attributed directly to Acting Gov. Richard Codey's proposed $380 million Stem Cell Research Initiative, a Rutgers University study finds that, potentially, the state stands to benefit from an estimated $1.4 billion in new economic activity, approximately 20,000 new jobs, and $71.9 million in new state revenue over the next 20 years.

Linda Fettig was named director of the Nebraska Rural Development Commission.

Just over two months ago, Acting Gov. Richard Codey announced budget shortfalls were delaying the state's $380 million stem cell research initiative (see the April 25 issue of the Digest).