FEATURE
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A Better Formula for Economic Growth: Connecting Smart Risk Takers
November 19, 2010 | Chronicle of Higher Educ ation
Build a magnificent technology park next to a research university; provide incentives for chosen businesses to locate there; add some venture capital. That is the common recipe for harnessing higher education and industry to spur economic growth as prescribed by management consultants touting the "cluster theory" developed by Harvard Business School's Michael E. Porter. Hundreds of regions all over the world have spent billions on such efforts; practically all have failed.
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Retrained for Green Jobs, but Still Waiting for Work
November 23, 2010 | Washington Post
Huge federal investment has run headlong into the stubborn reality that the market for renewable energy products - and workers - remains in its infancy. The administration says that its stimulus investment has saved or created 225,000 jobs in the green energy industry, a pittance in an economy that has shed 7.5 million jobs since the recession took hold in December 2007. There are few for many who signed up for the training.
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Pennies From Heaven
November 18, 2010 | Newsweek
With cash for tech startups in shorter supply, angel investors are going where VCs fear to tread. Of course, the “angel” honorific is a bit of an exaggeration. These heavenly moneymen are as opportunistic as their venture-capital brethren, hoping to get in on the ground floor of the next Google.
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Missouri Tax Incentives Build Powerful Lobby
November 16, 2010 | St Louis Post Dispatch
Every time a building gets a tax break, a whole lot of people get paid. When incentives enter the picture, so do an army of specialists, from consultants who help the projects qualify to brokers who turn the incentives into cash. A whole new layer of lawyers and bankers help work out the complicated financing of it all.
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