People
Linda Hartsock was hired by Empire State Development to serve as regional director for Central New York.
People
Marilyn Higgins joined Syracuse University as vice president for community engagement and economic impact.
Santa Fe to Nurture Clusters to Diversify its Economy
A community essentially has two options for strategies to diversify its economic base: traditional economic development or technology-based economic development (TBED). The traditional approach of recruiting or inducing companies to relocate to their community from elsewhere creates an atmosphere of competition, rivalry and one-upmanship among cities and regions as they bid to buy firms' location decisions. Often, it is also difficult for small and mid-sized communities to compete on these terms.
Oregon Legislature Passes University Venture Development Funds Bill
The Oregon Legislature overwhelmingly passed S.B. 853 last week, creating venture development funds to facilitate technology commercialization for students and faculty at the state's seven public universities.
People
Robert Chernow was appointed to the newly created position of vice provost for entrepreneurship at Rensselaer Polytechnic Institute.
NY S&T Office to Become Public Foundation
New York's lead agency for promoting tech-based economic development (TBED) in the state soon will have a new name, if not a complete makeover. Under enacted budget legislation, the New York Office of Science, Technology and Academic Research (NYSTAR) will become the New York State Foundation for Science, Technology and Innovation by Jan. 1, 2006.
New York Budget Calls for New Oversight of Empire Zones
New York's Empire Zones Program dodged a veto from Gov. George Pataki as an agreement was met with the legislature to restructure the program. The state budget, signed into law last week, extends the program and allows for an additional 12 zones to be created throughout the state.
TBED Organizations & People Update
Craig Watters is serving as interim director of the Falcone Center for Entrepreneurship at Syracuse University. Past director Nola Miyasaki has relocated to Hawaii to join a biotech company.
People
George "Mick" Stadler is the new CEO for the incubator at the Rochester Institute of Technology.
People
Michael Tentnowski is the new director of the Rensselaer Polytechnic Institute Incubator.
Oregon Governor Signs Bill to Create Innovation Council
Gov. Ted Kulongoski last month signed Senate Bill 838, creating the Oregon Innovation Council to provide him and the legislature with advice regarding business innovation in order to strengthen competitiveness in global markets. The council will include representatives from industry, education and government.
New TBED Ideas Surfacing: Will They Endure?
Policymakers and practitioners continually seek new ideas to integrate into their overall TBED strategies in order to capitalize on innovative approaches and remain a competitive force in the global marketplace. Over the last few months, two new concepts in TBED aimed at supporting higher education have surfaced in New York and Wisconsin with two distinct goals: achieving the status of a world-renowned research capital and increasing college graduates to raise per capita income.
People & TBED Organizations
Jeffrey Boyce was named the assistant vice president of the Research Foundation of the State University of New York. Boyce had been the deputy commissioner for manufacturing services at Empire State Development.
People & TBED Organizations
Helene Schember became the first executive director of the Cornell Center for a Sustainable Future Dec. 3, joining the center as its first full-time staff member.
People
The Center for Economic Growth has selected F. Michael Tucker as its new president and CEO. Tucker replaces Kelly Lovell, who left the position in December to become president and CEO of International Business Development Group.
NYSTAR Completes First Strategic Plan
With significant emphasis on academic research and commercialization, the New York Office of Science, Technology, and Academic Research (NYSTAR) has provided Governor George Pataki its first strategic plan. The $130 million NYSTAR, which absorbed the functions of the NY State Science and Technology Foundation, was formed in 1999 as a result of the state’s Jobs 2000 legislation (see the 12/3/99 issue of the SSTI Weekly Digest).
SSTI Job Corner
Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.
People
The Open Technology Business Center, a Beaverton, Ore.-based incubator, has named Steve Morris as its third executive director.
NBIA, NYSTAR Release Incubator Resources
There are a number of reasons why developing a business incubation program may be appropriate for your organization or community. Whether it is creating new jobs or developing and commercializing new technologies, business incubators can provide a variety of resources to help ensure that companies succeed. Two new handbooks document some of the best practices and successful business incubation models across the country.
Developing a Business Incubation Program
People
James Hayward, CEO of a biotech materials supply company, has been named the first chairman of the Long Island Life Sciences Initiative. Joseph Scaduto is serving part-time as the new executive director for the group.
People
Anne Conroy was named president of the Dutchess County Economic Development Corp., a nonprofit agency in New York.
People
Joseph Magno, the executive director of the New York State Science and Technology Foundation, has resigned his position. He has accepted a position with the State University of New York Research Foundation.
Oregon Charts Course for Tech-Based ED
Economic development in Oregon recently has been given new life, thanks to the approval of $222 million in bills by Governor John Kitzhaber. The legislation, including $72 million for high-tech infrastructure and research over the next two years, is expected to increase public investment in biotechnology, engineering and other research.
Matching VC to Local ED Goals Expanding Rapidly
With so much attention given to increasing private seed and venture capital activity as a means of growing tech-based economies, one might expect that encouraging and attracting community development venture capital (CDVC) – that is, equity investments and entrepreneurial assistance to meet both profit targets and community development goals – would be a common element of a state or local community’s portfolio of economic development tools.
$130.6 Million NYSTAR Created
Most of New York’s science and technology initiatives have been consolidated into the New York Office of Science, Technology, and Academic Research (NYSTAR), which has received an annual budget of $130.6 million as a result of the Jobs 2000 Plan or “J2K” signed by Governor George Pataki in mid-November.