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BUSINESS REPORT: Texas – Innovation Moves Front And Center In Austin

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Technology innovation is happening across the country, but there is no better place to witness the revolution other than Austin, TX, home to a rapidly expanding technology industry. We attended several events hosted by the Austin Chamber of Commerce and caught up with several new innovative tech companies. By Jenny Vickers.

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SNAPSHOTS: 60 Seconds… with Dennis Davin, Secretary, PA DCED

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BF: PA recently allocated $18 million in Keystone Innovation Zone Tax Credits to support 239 early-stage companies in growth sectors including information technology and advanced manufacturing. How does the KIZ program work and who is eligible to receive funding? Dennis Davin, Secretary, Pennsylvania DCED. THE OCULUS.

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FEATURE STORY: 2013 Economic Development Deal of the Year Awards

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Innovative thinking, quick action and impressive regional cooperation enabled Arizona to snatch victory from the jaws of defeat in creating a bold new opportunity for the First Solar site in Mesa,” Rogers said. The company expects to break ground on the new facility by the end of this year and begin tire production by 2016.

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State by State Incentives Guide

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Alabama Innovation Fund: As part of the implementation of Accelerate Alabama, this fund was created to maximize the use of the State’s economic development resources by leveraging annual research and development expenditures by Public Universities within the State to generate resources which can be used to support economic development initiatives.

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STATE INCENTIVES GUIDE

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ALASKA GROWTH CAPITAL: Provides financing to nontraditional borrowers/businesses that use innovative technology, are in rural Alaska and are minority-owned. EXTENSION OF THE ANGEL INVESTMENT TAX CREDIT PROGRAM: Originally set to expire in 2011, the program is now available until June 30, 2016. The program ends December 2016.

Income 75
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FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

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The SC General Assembly has set aside $300 million to cover the project’s entire construction cost, if needed, and the federal dollars needed to complete the feasibility study have been allocated, meaning that the project is proceeding with no funding or staff resource constraints. The project is anticipated to be completed in 2016.

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Cover Story: New Energy Powers Growth

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The Ben Franklin Technology Center of Central and Northern Pennsylvania was awarded a $750,000 Discovered in PA—Developed in PA (D2PA) grant to support the Shale Gas Innovation and Commercialization project. At OPPD we will be at 15 percent renewable energy by July and we will be at 30 percent renewable energy by December 2016,” said Mueller.