Public-Private Partnerships Redefining U.S. Space Industry
In response to declining appropriations and the termination of the Space Shuttle program, NASA has had to re-orient its approach to commercial partnerships. Over the past decade, NASA has turned to private partnerships to further the agency’s goals of space research and exploration.
Vermont Gov Seeks $5M in Lending Support for Startups
Two proposals announced by Gov. Peter Shumlin would provide additional lending tools and incentives to attract and retain technology companies using revenue surpluses for the current fiscal year. The first proposal would establish the Vermont Enterprise Incentive Fund and authorize the governor to offer an incentive package not exceeding $4.5 million to businesses that have a substantial statewide or regional economic or employment impact. The second part adds $500,000 in state general funds to the $1 million in federal funds available to the Vermont Economic Development Authority’s Entrepreneurial Lending program.
States scramble to negotiate final budgets; DE, LA, ME, MO, NH, VT and WA reviewed for innovation funding
With a July 1 start to the fiscal year in most states, several states that were at an impasse over their budget faced at least partial shutdowns. Last minute negotiations restarted services in both Maine and New Jersey, while Illinois, which has been operating without a budget since 2015, faces threats of a downgrade in their credit rating if a deal cannot be reached. This week we present our findings of innovation funding from seven states, including $2 million in funding for a new public-private economic development organization in Delaware, an increase in funding in Louisiana for the state’s scholarship program for higher ed, and cuts to higher ed funding in Missouri, which also saw a severe drop in its funding to the Missouri Technology Corporation. Efforts in Maine, New Hampshire, Vermont and Washington are also detailed below.
ACE-Net to Privatize by Sept. 1
The Angel Capital Electronic Network (ACE-Net) will be privatized by September 1, 2000. The Internet-based listing service for growing companies and angel investors has been run by the U.S. Small Business Administration (SBA) Office of Advocacy.
Gov. Douglas Introduces Four-part Strategy to Promote Vermont TBED
In his inaugural address last week, Vermont Gov. Jim Douglas announced a four-part plan to bolster research and high-tech economic development. The governor’s Vermont Way Forward strategy would promote high-tech business, particularly in the state’s emerging environmental engineering industry. In addition, the strategy includes a plan to make Vermont what the governor says would be the country’s first “e-state,” one in which universal access to broadband and wireless technology are available anywhere within the state’s borders.
People
Ohio Department of Development Director Bruce Johnson has been sworn in as the state's lieutenant governor. Johnson is expected to serve both positions for the balance of Gov. Bob Taft's term.
Nurturing Creative Economy Key to Growth in Vermont
This past fall, Vermont released what may be the nation's first statewide effort to lay out an economic development strategy based on the creative economy theories advanced most prominently by George Mason professor Richard Florida.
People
Michael DeAloia has been named tech czar for the City of Cleveland.
People
While federal law and our own moral ethics prevent us from putting her to work in the near future, SSTI is excited to welcome Madelynn Elizabeth Carr to the world as the newest member of the SSTI team. Ms. Carr was born to SSTI Executive Assistant Ruth Carr and her husband, Larry, on Wednesday, Nov. 17.
People
John Nauseef has been appointed CEO of Dayton Development Coalition, filling the position to be vacated by Ron White when he resigns at the end of the year.
SSTI Weekly Digest Turns 400
There are less than 100 of our readers - now approaching a total of 100,000 - that may be able to look into their electronic mailboxes and even eight-year-old paper files to see that this issue of the SSTI Weekly Digest is our 400th. What began in March 1996 as a two-page weekly fax to key science and technology leaders in most states has evolved into the one of the most widely read e-news sources for the tech-based economic development community in the U.S.
Vermont Prepares for Wi-Fi with New Broadband Initiative
The city of Montpelier, Vt., will soon join the ranks of other high-tech cities as it prepares to implement its first Wi-Fi “hotzone” in the central downtown area. With support from Senator Patrick Leahy (D-Vt), city officials and local businesses, the Vermont Broadband Council recently launched MontpelierNet, a high-speed Internet network that will bring wireless broadband Internet access to the city.
Ohio Injects Another $100M into Third Frontier Programs for FY05
Includes $24M for Biomedical Research, $50M for Wright Centers
People
Baiju Shah is the new president of the Cleveland's BioEnterprise Corp., succeeding Matt Jennings.
People
Robin Siss, Vermont's first commissioner for the Department of Information and Innovation, has announced her resignation. Siss began the position in August. Denise Fehr will serve as acting commissioner.
UVM Tech Center Advances Governor’s Initiative
The launch of a targeted small business development program designed to foster the success of new high growth, high-tech firms in Vermont was announced last month at a press conference by Sen. Patrick Leahy, Gov. James Douglas and University of Vermont (UVM) President Daniel Fogel.
Digest Makes Change
For just over eight years, the SSTI Weekly Digest has come to you every Friday...first it was by fax, then by e-mail. Starting with this issue, the Digest makes a change and will be distributed each Monday. We believe this change will help you get your week started right...and will give the SSTI staff something to do on the weekend.
People
SSTI welcomes Rhiannon Mehring to its staff as a research associate.
People
The University of Vermont announced that Janice St. Onge has joined the Vermont Business Center as the director of business education.
People
The Wright Center for Innovation for Advanced Data Management and Analysis named Charles Walsh as its first president.
Northeast Ohio Foundations Pool $22M for Regional ED
The Fund for Our Economic Future, a new collaboration of Northeast Ohio private, community and corporate foundations to support regional economic development, has secured more than $22 million in commitments and is expected to grow to $30 million. Launched last week, the fund is believed to be the largest and most comprehensive philanthropic collaboration of its kind in the U.S.
Assessing Incubator Performance: NBIA Releases Toolkit to Aid Impact Measurement
As with every public policy or program to promote economic development, TBED initiatives can fall victim to critics’ concerns regarding the value of these approaches if performance measurement is not an integral component of your efforts. Fair assessment of impact, though, remains a thorny issue for many TBED strategies because of the early stage of investment (e.g. support for university research, entrepreneurship education or even seed capital).
SSTI Welcomes Newest Members
The following recently became SSTI affiliates or supporters:
Vermont EPSCoR, Public TV Offer Series on State's Scientific Discoveries
State universities and research programs depend on public support to develop and commercialize new technologies, but the actual science involved in these discoveries can seem intimidating and arcane to the layman. How then should a state go about engaging the public in scientific research?
Feeling out of the loop? Here's how to get in the loop...
Membership in SSTI allows access to the most extensive network of current and past practitioners, academics and policymakers who are attempting to speed commercialization and encourage innovation.
Joining SSTI places your organization with today’s TBED leaders. SSTI connects you to active members in 46 states, Puerto Rico and Canada, enabling you to share experiences and best practices with your peers from across the continent.