NBIA Honors Excellence in Business Incubation
The National Business Incubation Association (NBIA) honored six top incubation programs, graduates and clients at its 17th International Conference on Incubation, held May 18-21 in Richmond, Va. Award winners are highlighted below:
Greater Philadelphia Acquires Road Map to Build Innovation Economy
Innovation Philadelphia, a public-private partnership, the Greater Philadelphia Chamber of Commerce, and the city of Philadelphia have developed a road map that identifies the future drivers of the Greater Philadelphia economy and provides a framework for developing these drivers.
People in TBED
William "Sandy" White has been named president and CEO for the Columbus Technology Council.
Resource Updates on SSTI Website
During the past week, SSTI has made several additions to its website <http://www.ssti.org> that readers may want to note:
Pass the Digest Along!
With more than 20 new governors and hundreds of newly elected state legislators, mayors and city council members across the country, many states and communities are seeing fresh faces in key positions that will influence the shape and direction of tech-based economic development policy, funding and program implementation. SSTI encourages its readership to get issues of the SSTI Weekly Digest in their hands to help bring your new partners into the larger tech-based ED community as soon as possible.
People
Dr. Donald Smith has been named interim chief executive officer of the Pittsburgh Life Sciences Greenhouse.
People
Dennis Yablonsky, chief executive officer for the Pittsburgh Life Sciences Greenhouse, is Governor Ed Rendell's pick to serve as Secretary of the Department of Community and Economic Development.
Ohio Creates $100M Tech Infrastructure Fund, Approves $50M for Capital Fund
With the passage of HB 675, the FY 03-04 Capitol Budget Bill, the Ohio Legislature approved funding for a $100 million Innovation Ohio Revolving Loan Fund and a second $50 million installment for the Wright Brothers Capital Fund. Both measures are key components of Ohio's $1.6 billion 10-year Third Frontier Project — the state's largest-ever commitment to expanding high tech research capabilities and promoting start-up companies to build high wage jobs.
Ben Franklin Technology Partners Create Funding Vehicle to Aid Growth of Companies
Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP), an independent nonprofit economic development organization, has announced the Commonwealth of Pennsylvania's $2 million commitment to establish the Ben Franklin Investment Partners venture guarantee revolving fund. The fund is the first such development financing vehicle of its kind in the U.S.
Do It For Mom
A Note from the Editor
SSTI Eyes More Digest Survey Responses
SSTI extends its thanks to those of you who have participated in the 2003 SSTI Weekly Digest survey. As mentioned in a separate e-mail earlier this week, the survey results help us determine the editorial direction and content of future issues of the Digest and Funding Supplement. We're also open to suggestions for our website, publication catalog, investment portfolios and hairstyles, so the survey offers a great chance to express yourself.
SW Penn Tech Sectors Still Growing, PTC Reports
The Pittsburgh Technology Council recently issued its annual State of the Industry Report, which reveals that in spite of an extended national recession that began in 2000, the region’s technology industries have held their own, at least through the mid-point of the current economic downturn. The report covers the 13-county southwestern Pennsylvania region and presents industry statistics for 2001, the last year for which complete data is available from government and other sources.
NorTech Seeks Associate Director
NorTech is interested in hiring an Associate Director who will be responsible for all activities associated with one or more initiatives and ongoing high level support for the initiatives. The mission of NorTech is to ensure economic growth and leadership in Northeast Ohio by promoting entrepreneurially based globally competitive technology development and commercialization.
Programs with Results: 20-Year Investment in Ben Franklin Pays Off Big for Pennsylvania
Convincing politicians to make a multi-year investment in a state's economic future is challenging, particularly when commitments made in one budget cycle or administration can be forgotten or ignored so easily in the next legislative session. The FY 2003-04 funding struggle for Michigan's $50 million-per-year-for-20-years life science initiative provides ample evidence: $50 million dropped to $45 million and eroded to $32.5 million because of budget problems.
NorTech Seeks Associate Director
NorTech – an organization whose mission is to ensure economic growth and leadership in Northeast Ohio by promoting entrepreneurially based globally competitive technology development and commercialization – seeks to hire an Associate Director who will be responsible for all activities associated with one or more initiatives and ongoing high level support for the initiatives.
People
William Seelbach has been named Interim President of the Ohio Aerospace Institute.
Pennsylvania Governor's New Budget Provides Generous Stimulus Package
Pennsylvania Governor Edward Rendell recently unveiled an economic stimulus program that will invest nearly $2 billion in bonds and loan guarantees. The stimulus program is intended to leverage at least $5 billion in private investment in economic development projects, creating jobs in Pennsylvania's small and mid-size cities and towns.
Key provisions of Plan for a New Pennsylvania include:
People
Congratulations to Steve Zylstra, his staff and the 1,500-plus members of the Pittsburgh Technology Council as they celebrate the organization's 20th anniversary.
People
Kevin Harter is leaving his position as president of the Central Pennsylvania Technology Council to become senior vice president of the new Life Sciences Greenhouse of Central Pennsylvania.
People
Pennsylvania Governor Mark Schweiker has been named President and CEO of the Greater Philadelphia Chamber of Commerce. The Governor will assume his new position on Feb. 1.
People
Fritz Bittenbender will become president of the Pennsylvania Biotechnology Association in December.
Innovation Index Assesses Philadelphia's Position in Innovation Economy
Innovation Philadelphia, the public-private partnership dedicated to enhancing the global innovation economy of Philadelphia, has unveiled the first Innovation and Entrepreneurial Index, a comprehensive study examining where Philadelphia stands in relation to key competitors in the Innovation Economy.
People
Dr. Melvyn Schiavelli, senior program officer for the Harrisburg Polytechnic Development Corporation, has been named acting president and CEO, succeeding Dr. Charles Clevenger.
People
The Ben Franklin Technology PArtners of Central and Northern Pennsylvania promoted Stephen Brawley to serve as president and CEO.
People
Alan Brown was named executive director of the Pennsylvania NanoMaterials Commercialization Center, a newly formed economic development initiative.