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Legislative Wrap-Up: Louisiana, Massachusetts, Pennsylvania and Tennessee Pass Budgets
Several states recently enacted spending plans for the upcoming fiscal year, which started July 1 for most states. In Louisiana, Gov. Bobby Jindal signed into law the LA GRAD Act, granting universities more flexibility to raise tuition in return for meeting certain performance goals. Lawmakers in Massachusetts allocated $10 million to continue the state's investment in life sciences, Pennsylvania Gov.
TBED People
Andre Pettigrew, the director of the Denver Office of Economic Development, will become the first executive director of Climate Prosperity Inc., a Washington, D.C., climate-change think tank. LaCharles Keesee, the city's deputy chief financial officer, will assume an interim role as head of the city's economic development department until a final replacement is named.
SSTI Looks to the Road Ahead
Crafting a regional TBED strategy is a difficult proposition. First, you figure out where you are. You check the data, conduct surveys and talk to the right people. Then, you figure out where you need to go. You look at other regions, and, again, talk to the right people. Using that information, you try to chart a course from where you are to where you want to be. The path, however, is rarely a straight line.
Senior Administration Officials to Speak at SSTI Conference
Want to know more about the Obama Administration's innovation strategy? SSTI is pleased to welcome two key administration officials to this year's conference. Ginger Lew, Senior Counselor to the White House National Economic Council (NEC) and the Small Business Administration (SBA), and Brian McGowan, Deputy Assistant Secretary of Commerce and COO for the U.S. Economic Development Administration (EDA), will discuss the administration's plans to support innovation.
Gov Rendell with Former Govs Ridge and Thornburgh at SSTI Conference
Voters in more than 30 states will go to the polls to choose a governor later this year. For TBED professionals, gubernatorial elections can mean uncertainty. Will the next administration put economic development and technology on the agenda? Will the new governor support existing agencies and programs, or will he/she introduce new initiatives? What will happen to the budget for TBED programs?
The "Tracks" to Maximize your Conference Experience!
What are the steps in building a successful regional alliance?
How can my region benefit from the Obama Administration's vision for innovation?
Where should I look for funding now with state budgets so tight?
The Opening Reception Goes Green
Pennsylvania invites all SSTI conference attendees to a networking reception at the Phipps Conservatory and Botanical Gardens Tuesday, Sept. 14. Guests can immerse themselves in 17 distinct botanical experiences while exploring this thriving attraction that showcases advanced green-building practices, sustainable gardening and a new environmental awareness.
Govs Focus on Education in AL, LA, OK, PA, TN Budget Proposals
SSTI’s analysis of gubernatorial addresses, strategic plans and budget proposals continues this week with highlights from Alabama, Louisiana, Oklahoma, Pennsylvania and Tennessee. Governors are facing difficult fiscal situations in several of these states, often scaling back tech-based economic development efforts. Tennessee Gov. Bill Haslam, however, is using a fiscal surplus to invest in higher education and regionally focused economic initiatives.
Alabama
17 Governors Sign Accord to Promote Clean Energy, Economic Prosperity
A bipartisan group of 17 governors signed the Governors’ Accord for a New Energy Future – a joint commitment to support the deployment of renewable, cleaner and more efficient energy technologies and other solutions to make the U.S. economy more productive and resilient as well as spur job creation in member states.
Greater Cleveland Partnership Announces Investment in New $20M JumpStart Fund
To support the growth of Northeast Ohio’s entrepreneurial ecosystem, The Greater Cleveland Partnership (GCP) announced a limited-partner investment in JumpStart's new for-profit $20M venture capital fund.
Universities Build Diverse Partnerships to Fund Startups
In the face of declining state funding and drawn-out budget negotiations, universities are moving beyond traditional budget procedures to secure funding for their economic development activities. Over the past few months, several universities have leveraged new sources of public and private funds to establish seed funds for university technology. These efforts are intended to increase the number of businesses emerging from their respective educational and research programs and spur regional economic prosperity.
Pittsburgh Launches Inclusive Innovation Roadmap to Support Equitable Access to Technology, City Resources, Information
Pittsburgh Mayor William Peduto announced the launch of the Pittsburgh Roadmap for Inclusive Innovation, a strategic plan that is intended to support economic growth and the equitable access to technology, city resources, and information. The roadmap includes three primary goals that include:
PA One Step Closer to Budget Deal; HI, NM, VA Govs Outline Spending Plans
While many states have begun negotiations on budget plans for FY17 and beyond, Pennsylvania has made some progress on FY16 spending. Gov. Tom Wolf signed a partial budget that funded many agencies and programs related to economic development, but that did not include higher education funding and other operations. In the coming months, SSTI will review gubernatorial addresses and budget proposals related to economic development. This week, we highlight developments in Hawaii, New Mexico, Pennsylvania and Virginia.
OH Board of Regents Offers Policy Options to Promote Inclusion in the Innovation Economy
In a new report, the Ohio Board of Regents highlights promising policies to build more competitive innovation economies by tapping into the skills, knowledge and entrepreneurship of women, African-Americans, rural residents and other underrepresented populations.
Tech Talkin' Govs: Part V
The fifth installment of SSTI's Tech Talkin' Govs' series includes excerpts from speeches delivered in Ohio, Oklahoma and Pennsylvania. The first four installments are available in the Jan. 11, Jan. 18, Jan. 25, and Feb. 1 editions of the Digest. Ohio Gov. John Kasich, State of the State Address, Feb. 7, 2012 "And today I want to tell you about the best technology resource that you've never heard of. It's buried underground in Ohio. This will set us apart from every other state in America. "It's beyond high speed Internet.
National Broadband Adoption Stagnant, TechNet Finds
A new report from TechNet finds that on the two-year anniversary of the National Broadband Plan aimed at getting more Americans to use broadband at home, the adoption rate remains about the same. The study identifies several reasons behind the plateau and calls for better coordination among policymakers and private stakeholders to improve adoption rates. Meanwhile, some states have big plans in the works to improve their broadband networks, including governors in Hawaii and New York pushing for funding to expand Internet access to underserved areas.
Ohio State, Ohio University Establish $35 Million Venture Capital Fund
The Ohio State University and Ohio University announced a new $35 million venture capital fund to address the lack of critical, early stage funding for innovative technology ventures in the state. Ohio State will contribute $20 million and Ohio University will provide the remaining $15 million. The universities also committed to leveraging their resources and assets to support entrepreneurial activity and venture creation in Ohio. Read the press release...
Higher Ed Funding Proposals Fizzle in FL, OH
Proposals introduced in Florida and Ohio would have changed the funding model for universities that meet certain benchmarks to elevate their standing for research and innovation. Both proposals ultimately were rejected, however. In Ohio, the state's plan for enterprise universities is on hold, and in Florida Gov. Rick Scott recently vetoed a bill to establish preeminent universities.
States Position Themselves to Compete in Domestic Drone Industry
While public debate rages over the role of surveillance in our society, one particularly infamous government surveillance technology, drones, is being prepared for private sector deployment in the U.S. Drone-related technologies are predicted to revolutionize commerce in the U.S., with industry projections valuing their initial deployment as an $82 billion boost to the national economy.
TBED People and Orgs
Yuka Nagashima, executive director of the High Technology Development Corp. and center director for the Innovate Hawaii program, has resigned from both posts and will leave the state agency in August. Nagashima will be leaving for Denmark to support her husband's research career. Len Higashi, current senior economic development manager, was selected to become the acting executive director.
Pennsylvania To Invest $100M in Tech Startups
According to the Philadelphia Business Journal, Pennsylvania Gov. Tom Corbett has signed off on the creation of a new program, InnovatePA, which will auction off $100 million in tax credits to generate state revenue that will be invested in the funding of tech and biotech startups.
Lawmakers Move to Support Workforce Training, Strengthen Industry Clusters
At the close of many recent legislative sessions, states across the country moved to strengthen their high-tech workforce while supporting industry cluster development.
Jumpstart Reports $36M Economic Impact for Northeast OH in 2012
A recent report by Cleveland State University's Levin College of Urban Affairs details the economic impact of companies supported by JumpStart Inc. and the North Coast Angel Fund in the 2012 calendar year. The 127 companies included in the study created 2,140 jobs in Ohio (1,652 in Northeast Ohio), generated $269.7 million in economic benefits for the state, and produced $35.5 million in federal, state, and local taxes.
More Funding for Higher Ed Sought in FL, OH, PA and TX Tied to Performance
Upbeat revenue forecasts and shared economic principles have Republican governors in four states requesting more funds for higher education tied to performance metrics or workforce outcomes. Recent budget proposals introduced in Florida, Ohio, Pennsylvania and Texas focus on competing for talent and jobs through efforts to encourage STEM learning and teaching and incentivizing outcomes such as graduating more students in high-demand fields, conducting research and more. College affordability is addressed through measures that would freeze tuition or cap increases.