Deal’s Impact on Texas Operations Remains Unclear

If you follow college sports, you know all how strong rivalries can be between certain schools. Bragging rights after a football game spill over into competitions over everything. Those that cross neighboring state borders seem to have even more edge sometimes.

 

While legislators did not agree to all of Gov. Linda Lingle’s Innovation Initiative – including a $100 million innovation fund - some of the governor’s original concepts emerged from several other bills at the close of the 2007 legislative session last week.

 

In an era in which many companies maintain a web presence before their first technology hits the market, broadband access has become an essential ingredient for high-tech business and growth. In many states, however, the need for broadband access has widened the high-tech achievement gap between urban and rural areas.

Region Looks to Broadband Access and IT Usage

The Delta Regional Authority (DRA) lacks the access, awareness and affordability of broadband Internet service – a direct bearing on the region’s ability to participate successfully in the national and global economies, a new report from DRA and the Southern Growth Policies Board finds.

 

A continuing concern of many TBED organizations is the departure of university graduates from their communities, leaving at various stages of their lives and taking their talent and education with them. The resulting "brain drain" from this exodus leaves many states with the frustration of paying the costs to educate its citizens, but not reaping the benefits of an educated workforce.

Manufacturing firms come in all shapes and sizes. Little ones. Big ones. Ones that need more labor from their employees to assemble components. Ones that need more R&D from their employees to design products.

 

Last week’s release by the National Science Foundation (NSF) of the results of the 2005 survey of academic R&D expenditures reveals the nation’s investment in research through its universities and colleges rose 5.8 percent in fiscal year 2005. Academic research expenditures for FY 2005 totaled $45.75 billion.

 

Are you thinking about making a career change? If so, visit the SSTI Job Corner at http://www.ssti.org/posting.htm.



In addition to the new opportunities described below, the SSTI Job Corner has openings for these positions:

When one looks beyond the first few pages of many sections of the agencies’ fiscal year 2008 budget request summaries, the mental concept of a television rerun appears. As SSTI staff pored through the budget this week, several found ourselves saying, “Didn’t we read the same thing last year?”

In fiscal year 2008, President Bush proposes $11.42 billion total to support the American Competitiveness Initiative (ACI) across the National Science Foundation (NSF), Department of Energy’s Office of Science (DOE SC), and the Department of Commerce’s National Institute of Standards and Technology laboratories (NIST).

In this year’s State of the Union Address, President Bush announced that his FY 2008 budget request would contain funding to support research to eliminate the projected growth of automobile carbon dioxide emission within 10 years.

The Administration request of $89 billion for the U.S. Department of Agriculture (USDA) budget is predicated on passage of the Administration’s version of the 2007 Farm Bill proposals. As designed, the Administration's 2007 farm bill proposals would spend approximately $10 billion less than the 2002 farm bill spent over the past five years, according to the USDA press release.

The Administration's FY 2008 discretionary budget request for the Department of Commerce (DOC) is $6.55 billion, a decrease in discretionary spending of $76 million from the FY06 appropriation. The department’s full-time equivalent staff would increase by 4,700 people between FY06 and FY08.

 

Funding for every DOC program or office supporting state and local TBED and traditional economic development programs would be cut deeply or proposed for elimination.

 

The Administration’s FY 2008 budget request for the Department of Defense (DoD) totals $481.4 billion, an 11.3 percent increase over FY07. [Note: DoD’s FY07 appropriations bill was one of only two passed before the current fiscal year began. As a result, SSTI is able to provide comparisons between the FY08 request and the FY07 appropriations. Variance between FY08 request and FY07 appropriations is provided in parentheses.]

 

According to the U.S. Department of Education (ED), federal funding represents only 8.9 percent of America’s spending on elementary and secondary education during the 2006-07 school year. That share in FY 2008 would be $56 billion according to the Administration’s budget request for the agency.

The Department of Energy (DOE) budget request for FY 2008 totals $24.3 billion, a 3 percent increase above the FY07 request.

Opportunities to secure jobs requiring specialized training and more educated workers - the same types of higher wage positions coveted by U.S. tech-based economic development practitioners - increasingly are appearing in other countries as companies look to enter new markets and reduce costs. As a result, offshoring and its effects on an ever-changing U.S. labor force are topics receiving a lot of play during this election cycle.

A complete description of this opportunity and others is available at http://www.ssti.org/posting.htm.

Texas Gov. Rick Perry's Competitiveness Council has released its recommendations following a year-long study of the state challenges in the global economy. The study found that Texas lacks the institutional organization to execute transformational economic programs and will require greater collaboration between state agencies to remain competitive in high-tech industries.

Most Digest readers know access to equity capital serves a critical role in encouraging regional innovation. But the stats on venture capital (VC) deals demonstrates all too well that money isn't flowing freely everywhere. The economy also is presenting challenges for equity deals, making exits more scarce. How can underserved areas attract early-, seed and late-stage capital?

Entrepreneurship education courses continue to appear across the country. A large-scale commitment was announced recently, as eight Arkansas two-year colleges will offer degrees and certificates in entrepreneurship this fall. The broad availability is expected to help create a culture of entrepreneurship that extends from regions capitalizing in the emerging fields of bioscience and nanotechnology research to the rural pockets of the state in need of high-paying jobs.
 

Gazelles, a small subset of firms that grow rapidly over a period of years, are believed by many to have a disproportionate impact on the U.S. economy. Though the precise definition of gazelle firms differs between studies, these businesses are recognized as a dominant force in economic and employment growth.

According to statistics released last week by the Bureau of Economic Analysis (BEA), per capita personal income in the U.S. was $38,632 in 2007, a 22.6 percent increase since 2003. Over this same five-year period, 118 of the country’s 363 metropolitan statistical areas experienced an increase in per capita income greater than the U.S. rate of growth. SSTI has prepared a table for all 363 U.S. metro areas, showing the change in per capita income from 2003 to 2007.

The following overview is a synopsis of select recent announcements from research parks across the world, including groundbreakings and development plans to support vibrant regional economies based on science, technology and innovation.