People
West Virginia Gov. Joe Manchin has appointed Nancy Sturm and Jay Cole to serve, respectively, as the state’s education technology coordinator and governor's liaison for education policy, both new policy positions.
West Virginia Gov. Joe Manchin has appointed Nancy Sturm and Jay Cole to serve, respectively, as the state’s education technology coordinator and governor's liaison for education policy, both new policy positions.
Jason Williamson is leaving his position as vice president of community development for the South Carolina Technology Alliance to become a founding partner in a new start-up tech firm.
With all of the recent activity from its state legislature, Arkansas will soon possess one of the nation's most comprehensive portfolios of state-supported TBED initiatives. A number of TBED-related acts passed by the Arkansas General Assembly this session have all received Gov. Mike Beebe's signature. The result could be a public injection of up to $140 million for Arkansas's TBED community over the next biennium.
To promote excellence and accelerate innovation in the nation's aerospace, defence, security and space industries, Canada earlier this month launched the Strategic Aerospace and Defence Initiative (SADI) -- a repayable contribution program being administered by Industry Canada's Industrial Technologies Office (ITO).
Several U.S. states have introduced plans in attempts to take the early lead in the country's emerging biofuels industry. For example, in 2006, the Washington legislature approved the initial components of the state's Bioenergy Program. Tennessee Gov.
A $295 million three-part bond referendum package passed by the Maine State Legislature last week includes a number of components central to the state’s TBED strategy, including funds to support continued development of the state’s research enterprise, expanded broadband access and increased rural/economic development financing.
One of the most vexing problems facing states, outside of a few well known success stories, is a persistent lack of attention from the venture capital industry. In 2006, almost 60 percent of venture capital investment was concentrated in California and Massachusetts. The other 48 states have had to devise their own strategies to compete with Silicon Valley, Route 128 and each other to gain the attention of potential investors.
The U.S. as a whole showed an increase of 5.41 percent in per capita personal income from fiscal year 2005, according to second quarter 2006 estimates of state personal income data released by the U.S. Bureau of Economic Analysis (BEA).
For those interested in technology-based economic development, you'll be hard-pressed to find any good news in the President's Budget Request for FY 2006 unless, that is, you're hoping to go to Mars or heavily involved in homeland security. It's become a matter of routine to expect bad news when the federal budget comes out.
Strengthening America's Communities Grants Program The Strengthening America's Communities Grants Program is a new $3.7 billion initiative proposed within the Department of Commerce to provide performance-based grants for both community and economic development.
Opportunity Zones - While the Administration's FY06 budget request proposes eliminating all other geographically-based tax credit programs (e.g. Enterprise Zones), it is requesting $10 billion over 10 years in tax incentives to competitively select 28 urban and 12 rural economic Opportunity Zones in areas transitioning to new and emerging industries.
Taking one of the largest percentage cuts of all agencies, the U.S. Department of Agriculture (USDA) FY 2006 discretionary budget level of $19.4 billion calls for an 11.8 percent reduction, or $2.6 billion below the FY 2005 level.
The Administration's FY 2006 $9.4 billion discretionary budget request for the Department of Commerce reflects a 48 percent increase above FY 2005 estimated expenditures of $6.33 billion. If one excludes the proposed $3.71 billion Strengthening America's Communities Grant Program (see description under Multi-Agency Initiatives above), the agency is actually facing a 5.6 percent cut of more than $357 million.
The Administration's FY 2006 budget request for the Department of Defense (DoD) totals $419.3 billion, an increase of 4.8 percent from the FY 2005 appropriation level. However, the budget proposes significant cuts for Defense science and technology (S&T). The FY06 budget provides $10.5 billion for S&T, a 19.5 percent decrease from the FY05 funding level of $13.1 billion. This includes cuts in basic research, applied research and advanced technology development.
The Administration’s FY 2006 budget request for the Department of Education (ED) is $56 billion, a 0.9 percent decrease ($529.6 million) from the FY 2005 appropriation.
The Administration's FY 2006 budget request for the Department of Energy (DOE) is $23.4 billion, or $475.4 million (2 percent) less than the FY 2005 request. The decrease is largely absorbed by DOE's Environment budget which, at $7.34 billion, reflects a 6.4 percent decrease over FY05.
The $642 billion FY 2006 budget for the Department of Health and Human Services (HHS) reflects an increase of $58 billion over FY 2005, most of which occurs in mandatory spending programs such as Medicare. Discretionary portions of the HHS FY06 budget total $67.2 billion, a decrease of 1 percent from FY05.
The FY 2006 discretionary budget request for the Department of Homeland Security (DHS) is $34.15 billion, 6.6 percent above the comparable enacted FY 2005 appropriation. In FY06, DHS seeks to consolidate the research, development, test and evaluation (RDT&E) activities within the DHS Science and Technology (S&T) Directorate.
Big H, little u, little d may provide the most apt description of the priorities in the Department of Housing and Urban Development (HUD) FY 2006 request, as cuts to the economic development programs are deep. Housing advocates may not entirely agree with that summation as the agency overall takes an 11 percent cut to total $28.51 billion for FY06; however, nearly every major initiative promoting economic development falls victim to the budget knife.
The total FY 2006 budget request for the Department of Interior, as reported in its Budget in Brief, is $14.958 billion, down 6.7 percent from FY 2005. The discretionary budget appropriation request is $10.76 billion, 1 percent less than FY05. There are two research-related items of potential interest:
The Administration's FY 2006 budget request of $59.5 billion for the Department of Transportation (DOT) is 1 percent higher than the FY 2005 appropriation. DOT's request would be distributed across the department's five key strategic objectives as follows:
The Department of Labor's (DOL) discretionary budget request of $11.5 billion for FY 2006 is 4.4 percent less than the FY 2005 appropriation. The agency's payroll, however, would increase by 169 full-time equivalent positions, according to the budget overview.
There are only a few programs in the Treasury Department that SSTI monitors for the tech-based economic development community. All are slated for termination or phaseout.
The Administration's FY 2006 budget request for the Environmental Protection Agency (EPA) is $7.6 billion, a 5.6 percent decrease from the FY 2005 appropriation. However, the agency's science and technology programs would receive $760.6 million, a 2.2 percent increase over the FY05 appropriation.
A $79 million increase is proposed for EPA homeland security efforts, including:
The Administration's FY 2006 budget request for the National Science Foundation (NSF) is $5.605 billion, a 2.4 percent increase above the FY05 appropriation level, but is still lower than the agency's FY04 appropriation of $5.652 billion.