Sustained Commitment Results in Significant Impact
State and regional innovation programs continue to encourage significant economic growth across the country. The most recent example of the impact programs are having comes from JumpStart, a Cleveland-based venture development organization, which recently released its 2018 economic impact report. It found that companies in Ohio and New York fostered by JumpStart generated more than $1 billion in economic impact. This increased the cumulative JumpStart total to $6.6 billion since 2010.
ARC announces $26.5M in POWER grants
The Appalachian Regional Commission (ARC) announced its latest round of grants for Partnerships for Opportunity and Workforce and Economic Revitalization (POWER).
The Appalachian Regional Commission (ARC) announced its latest round of grants for Partnerships for Opportunity and Workforce and Economic Revitalization (POWER). The 35 grants totaling $26.5 million support workforce training and education in manufacturing, technology, healthcare, and other industry sectors; invest in infrastructure enhancements to continue developing the region's tourism, entrepreneurial, and agriculture sectors; and, increase access to community-based capital, including impact-investing funds, venture capital, and angel investment streams. The awards are projected to create or retain over 5,400 jobs and leverage more than $193 million in private investment into 59 Appalachian counties.
A few of the awards (with SSTI members in boldface) are highlighted here:
Program assisting defense manufacturers delivers strong ROI
Faced with one of the largest drawdowns in defense spending in American history, the Defense Manufacturing Assistance Program (DMAP) targeted affected companies and communities across Michigan, Ohio and Indiana for assistance. The program aimed to support economic stabilization and diversification across the region during the five-year period from 2013 to 2018.
Strategic plan outlines blueprint to grow Ohio’s innovation economy
Industry-led “innovation hubs,” additional funds for risk capital, and a proactive talent strategy are among the recommendations included in Ohio BOLD: A Blueprint for Accelerating the Innovation Economy, a new strategic plan conducted by Columbus-based TEConomy Partners on behalf of the Ohio Chamber of Commerce Research Foundation.
Industry-led “innovation hubs,” additional funds for risk capital, and a proactive talent strategy are among the recommendations included in Ohio BOLD: A Blueprint for Accelerating the Innovation Economy, a new strategic plan conducted by Columbus-based TEConomy Partners on behalf of the Ohio Chamber of Commerce Research Foundation. Developed as a way to inform a new gubernatorial administration of the Chamber’s priorities, the plan identifies opportunities around four platforms: next-gen manufacturing, future health, smart infrastructure, and data analytics.
States launching new tech commercialization programs to strengthen economies
Knowing that research universities are integral to the innovation in this country, states continue their efforts to build the economy by supporting efforts to move the research from the labs to the market.
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.
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.
116 Resources for Building Tech-based Economies
From angel capital to university technology commercialization, there are myriad facets to technology-based economic development (TBED). The key to success lies in a solid understanding of your respective element of the field — from grasping the policy issues to developing effective programs and practices to implementing sound evaluation techniques.
Transforming Regional Economies: A Peek at the Conference Agenda
SSTI's is very excited to be holding its 10th Annual Conference in Oklahoma City, Oct. 31-Nov. 2, 2006. The event has become the premier professional development experience for the tech-based economic development community, the only event to bring together representatives from every aspect of transforming state, regional and local economies through science, technology, innovation and entrepreneurship.
Something for Every TBED-er in Final SSTI Conference Agenda
Sometimes quality takes longer to achieve than we'd like, but your patience paid off as SSTI has assembled one of our finest slates of sessions yet to anchor the 10th annual conference, Nov. 1-2, in Oklahoma City. Providing the core of the conference, the 24 sessions are structured to allow ample discussion time among participants, something we're told sets SSTI's conferences apart from the rest of the field.
Maximize Your Professional Development Dollars with Pre-conference Options
On Oct. 31, SSTI will offer four exciting options as pre-conference activities. Registration is separate from the full conference fee. Seating for each will be limited.
Turning Innovations into Enterprises: A Practitioner's Guide to Technology Commercialization
What to Expect at an SSTI Annual Conference
If you're new to SSTI's annual conferences, you're in for a treat when you join us in Oklahoma City, Nov. 1-2. Here's what you can expect:
Opening Night Reception to Showcase Generosity, Spirit of Our Oklahoma Sponsors
On the evening of Oct. 31, SSTI's conference participants will be treated to a fun-filled evening of dinner, drinks, art, culture and entertainment thanks to the overwhelming generosity of the conference's 22 local hosts.The event will be held at the National Cowboy & Western Heritage Museum, a stunning 100 percent non-publicly funded cultural art museum and research center.
SSTI Conference Brochure Available Online
SSTI is pleased to give regular Digest readers the first peek at a PDF version http://www.ssti.org/Conf06/brochure.pdf of the brochure for SSTI's 10th Annual Conference, Transforming Regional Economies, to be held in Oklahoma City on October 31- November 2, 2006.
Four Appointed to SSTI Board
SSTI is pleased to announce four new appointments to our board of trustees:
Job Corner: EMTEC Seeks Candidates for Three Positions
The Edison Materials Technology Center (EMTEC), a collaborative technology development organization based in Ohio, has position openings for a Small Business Development Center (SBDC) program lead center director/business counselor and two Procurement Technical Assistance Center (PTAC) program positions. The SBDC position is responsible for directing a nine-county SBDC program in the Dayton region.
What's Next for TBED?
While politicians across the nation are worrying about where their paycheck will come from in January, TBED programs are determining the best investments elected officials should make for transforming regional economies to be more competitive in a knowledge economy. Join SSTI in Oklahoma City Nov. 1-2 to learn about some of the most successful TBED strategies around the country and trends that should influence future directions.
Maximize Your Professional Development Dollars with Pre-conference Options
On Oct. 31, SSTI will offer four exciting options as pre-conference activities. Registration is separate from the full conference fee.
Transforming a Regional Economy: Moving Forward Together
SSTI Job Corner
For more information on the positions below, visit SSTI's online Job Corner at http://www.ssti.org/posting.htm.
Final Component of Ohio's Third Frontier to Be Placed On Nov. Ballot
Following defeat at the polls two years ago, Ohio's state legislature has agreed nearly unanimously to again have voters decide on whether or not the state can issue bonds in support of the final component of Gov. Bob Taft's tech-based economic development strategy -- Ohio's Third Frontier Initiative.
Publisher's Note: Stickley, Sheets Join SSTI
SSTI is proud to announce the addition of two new staff members to its team. Sheri Stickely will join SSTI on Aug. 15 as a Vice President. Sheri is leaving the Oklahoma Center for the Advancement of Technology (OCAST) to join SSTI. She has served most recently as Interim Executive Director and has been with OCAST since its inception in 1987.
Final Chance for Warm Fuzzy
You know that feeling you get when you've done something nice for no apparent reason? Or at least the grounds for being good are hidden so deeply within you that you aren't aware of the potential payoff?
Well, the annual readers' survey for the SSTI Weekly Digest presents another one of those opportunities to ignite or rekindle that warm inner glow that made the Grinch's heart grow three sizes that day.
TBED People
SSTI is excited to announce the addition of two new policy analysts to its staff. Rich Healy is an economic geographer formerly with the Columbus-based engineering and architecture firm Burgess & Niple. Heidi Findley served as press secretary to former Ohio Governor Richard Celeste for several years and, prior to that, as assistant deputy director for the Ohio Department of Development's Division of Technological Innovation.