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New initiative creates authority to improve the climate of technology-based business in the state

April 1, 2010 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Legislation would codify and add to existing initiatives to revitalize Minnesota’s economy.

A group of private companies and public officials, including the University of Minnesota, are attempting to improve the climate of technology-based business in the state.

The Minnesota Science and Technology Authority Act, which is moving through the Legislature, would elevate an existing state agency hoping to revitalize the state in the “knowledge economy.”

According to a report prepared for the Legislature, while Minnesota has been a leader in technology-related business, the state has slipped recently.

Minnesota currently ranks 14th-17th in science and technology innovation and is “accelerating downward,” according to the report. Technology jobs have declined 11 percent since 2001.

By James Nord

Full Story: http://www.mndaily.com/2010/04/01/u-creates-device-detect-diseases-0