Other Economies

The homegrown revival is taking root

The model legislation, endorsed by the American Legislative
Exchange Council (ALEC), is pending in 12 states. In the past year, small
business regulatory flexibility has been implemented in six states
including most recently Wisconsin and South Dakota.

Kalamazoo Persuades Scientists to ‘Stick Around’ After the Pfizer-Pharmacia Merger In the summer of 2002, when Pharmacia announced its pending merger with Pfizer, officials in Kalamazoo, Mich., knew what it could mean for the region…

China, a country known more for its technicians than tech innovators, is building a new type of university system — one that combines the technical with the creative and the practical. The aim: creating China’s own Larry Ellisons and Bill Gates.

The strategic plan outlines eight priority recommendations based on input from more than 1,000 business, community and economic development leaders statewide who participated in nine regional workshops through Fall 2003.

The state must quickly commit substantial resources to higher education to achieve the goal of making Mississippi competitive in the New Economy

It’s becoming more standard for institutional investors like pension funds to allocate money to venture capitalists.” If you couple that, he added, with the next generation of VC managers that will inevitably forget the lessons of their predecessors then the next boom will be larger than the last.

His proposal includes $760 million in bonds for projects in five key areas: higher education; economic development, housing and transportation; community safety; public services and preservation of existing infrastructure.

The plan calls for the state to invest at least $500 million over the next 10 years through a variety of new programs to encourage research, innovation and technology commercialization.

Until you have a wildly successful startup story … you’re always going to have a second-tier environment. A community needs organic growth and a large, successful story,”