Pennsylvania Commits $650M for Alternative Energy Package
This afternoon, Pennsylvania Gov. Edward Rendell signed a $650 million package of tax incentives, loans and grants to spur the development and use of clean energy technologies within the state. The governor believes that the bill will help the state leverage as much as $3.5 billion in private investment and help the state build a stronger clean energy industry. Highlights from the Alternative Energy Investment Act include:
Pennsylvania Supports STEM Investments, Expands Keystone Opportunity Zones
Several bills from the 2008 legislative session were signed into law by Gov. Ed Rendell during the past two weeks, including the fiscal year 2008-09 budget, providing enhancements to K-12 programs encouraging science, technology, engineering and mathematics (STEM) and a measure to significantly expand the Keystone Opportunity Zone (KOZ) tax incentive program.
People & TBED Organizations
Steve Bazinet has been hired as executive director of the Maine Center for Enterprise Development.
Rahindra Bose is Ohio University's new vice president for research and creative activity and dean of the graduate college.
People & TBED Organizations
The Beaver County (Pa.) CO-OP announced it will change its name to StartingGate. The incubator will continue to assist entrepreneurs and new business start-ups and help expand existing businesses.
Joe Dedman was chosen as the first executive director of the Southeast Indiana WIRED.
Brian DuBoff was named the director of Maryland's southern region Small Business Development Center, which is hosted by the College of Southern Maryland.
SSTI Job Corner
A complete description of this opportunity is available at http://www.ssti.org/posting.htm.
Gov. Rendell Unveils $850M Clean Energy Fund
Earlier this month Pennsylvania Gov. Edward Rendell announced a broad state strategy to improve the state’s energy independence, support alternative energy business, and reduce the state’s environmental impact. The key element of the new state plan is an $850 million Energy Independence Fund, designed to reduce energy costs for consumers and shift the state’s usage toward clean and renewable sources. Gov. Rendell hopes the plan will save Pennsylvania consumers $10 billion over the next 10 years by lowering energy costs and reducing consumption.
Southern States Advance Several TBED Initiatives into 2009
Legislators in Alabama, South Carolina and Tennessee recently approved spending plans for the upcoming fiscal year. Highlights of appropriations supporting TBED are included below.
Alabama
Raising Personal Income through Focused Efforts in Emerging Workforce Areas
In the midst of a national economic downturn, coupled with stagnant to little growth in wages for even college-educated individuals, state efforts to build a qualified workforce and attract industries in emerging fields that pay above-average wages are crucial to ensuring economic growth.
People & TBED Organizations
The U.S. Department of Commerce's Economic Development Administration (EDA) recently announced Ben Franklin Technology Partners (BFTP) as the winner of the "Excellence in Technology-led Economic Development" award, as part of EDA's Excellence in Economic Development Awards 2008. BFTP, created in 1983, has regional offices in Lehigh Valley, Philadelphia, Pittsburgh and State College.
SSTI Job Corner
Complete descriptions of these opportunities and others are available at: http://www.ssti.org/posting.htm.
Incubator RoundUp: Encouraging Entrepreneurship and Supporting Tech Commercialization
Technology-focused incubators are an important component to fostering entrepreneurial development in a region by nurturing businesses in the earliest stages of development and helping them grow into larger companies that employ high-wage workers and bring new technologies to the market. The following select announcements provide an overview of new incubators from across the nation, illustrating the vital role of entrepreneurial development in growing high-tech regional economies.
People
New Carolina, South Carolina's Council on Competitiveness, has formed the South Carolina Engineering Cluster. Lee Stogner will lead the cluster and its steering committee, which represents government, economic develoment, academia, engineering companies and professional societies aiming to promote engineering in South Carolina.
Venture Capital Events Offer Educational Opportunities for Undergraduates
While many universities offer business plan competitions and programs in entrepreneurship and commercialization, fewer opportunities are available to learn about the capital side of the equation. Last week, however, two major conferences invited students to learn more about venture capital (VC) investment and emerging trends in the venture industry.
People & TBED Organizations
George Burrell resigned as president and CEO of Innovation Philadelphia. Kelly Lee, the organization's executive vice president, is running day-to-day operations until Burrell's successor is named.
People & TBED Organizations
The Colorado Renewable Energy Collaboratory selected David Hiller as its first executive director.
People & TBED Organizations
The Rhode Island Manufacturers Association and the Rhode Island Manufacturing Summit have joined forces to serve as one voice for manufacturing in the state.
Pennsylvania to Hold Summit to Create Commonwealth's Future
The Pennsylvania Department of Community and Economic Development, in concert with the Pennsylvania State University, are presenting the inaugural Creating Pennsylvania’s Future: A Higher Education, Economic and Community Development Summit, aimed at energizing institutions of higher education, busi
People
Dennis "Mickey" Flynn is the new president of Pennsylvania BIO.
Pennsylvania Launches $90M to Boost Clean Energy Innovation
Many states are now pursuing seed and venture investment strategies to support the growth of clean energy businesses. Last month, Pennsylvania concluded a year-long series of meetings with private sector investors, financial experts, and nonprofit state energy funds and introduced a $90 million strategy to leverage public and private capital for renewable energy. The plan links economic development and environmental protection in a manner intended to promote the state as a leader in emerging clean energy industries.
People
Dr. Anthony Green has been appointed vice president of regional technology initiatives for Ben Franklin Technology Partners of Southeastern Pennsylvania.
People
The Association of University Research Parks named the Science Center in Philadelphia "Outstanding Research Park of the Year."
People
The Hershey Center for Applied Research announced that Laura Butcher will serve as its first executive director, effective Jan. 3.
People
Richard Overmoyer, deputy secretary for technology investment at the Pennsylvania Department of Community and Economic Development, is leaving to join the lobbying group, GSP Consulting.
People
Chris Capelli, currently director of the technology transfer office at University of Pittsburgh, is leaving to become vice president for technology transfer at the M.D. Anderson Cancer Center in Houston.
South Carolina Establishes Technology Advisory Council
South Carolina Governor David Beasley has appointed a 17-member Technology Advisory Council. The Council is to examine how South Carolina can attract technology-intensive companies, find strategies to promote high technology jobs and identify specific technologies that are important for other industries.