economic development

Innovation Cities – Pockets of Innovation

Posted on May 27, 2012. Filed under: business, economic development, innovation | Tags: , , , , , , , , , , , |

Have you seen the Fast Company series about “pockets of innovation” in U.S. cities?  I’m enjoying the articles, and think you will to.  Here are a few of the recent stories.

America’s Most Innovative Neighborhood: 15 Square Miles In New Mexico, Population: 0

Hobbs, New Mexico, in the fairly empty and open southeastern part of the state, will be home to CITE – the Center for Innovation, Testing and Evaluation.  This mid-sized city with absolutely no permanent residents is being built by Pegasus Global Holdings as a testbed for “everything about the future of smart cities.”

How Ecodev Persuades Companies To Bring Manufacturing Back To The U.S. (Hint: It’s Cheaper)

Ecodev, a Minnesota-based “boutique” economic development firm, takes on the myth that U.S. manufacturing production can’t be cost-efficient.  It uses a comparative financial model to help client firms assess the cost-benefit of relocating to the U.S.

Why Utah Matters To Virgin, Amazon, and LeBron James

The Foundry, a Salt Lake City/University of Utah “peer-based training ground for entrepreneurs” intended to foster a “creative class” of entrepreneurs to build their businesses in Salt Lake City.

Sure, these may be small efforts, but there are lots of them across the country.  Fast Company has many more stories in its series, and we all know of others in our own local communities.  I’ll give a shout-out to the Los Lunas, New Mexico Live/Work economic development effort, which still contains a thread of its original focus on economic development for home-based businesses.

What’s going on in your community?

NKS Info Services, your research, writing and editing partner

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A challenge – managing the deficit and supporting scientific research

Posted on January 3, 2011. Filed under: economic development, research & development, science & technology, the economy |

How will the country balance the competing demands of managing and reducing the budget deficit while also investing in the kind of scientific research and development needed for future economic prosperity? 

I expect the National Academies, the scientific societies, the national labs, and universities among others will line up to support funding for the sciences.  I’m sure others of equal stature will argue the country can’t afford it right now.  I wish I had a good answer; I don’t.

For now I’ll just try to follow what others are writing – such as George Will’s Sunday Jan. 2nd Washington Post column.   http://tinyurl.com/2dtk447

New Republican legislators should come down Capitol Hill to the National Museum of American History , which displays a device that in 1849 was granted U.S. patent 6469 . It enabled a boat’s “draught of water to be readily lessene…

What do you think?  — nks

NKS Info Services  – Your research and writing partner

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EU Commissioners see opportunity in economic downturn and climate change

Posted on October 21, 2009. Filed under: business, economic development | Tags: , |

The EUs competitiveness ministers concluded recently that the economic downturn and global issues such as climate change could present new business opportunities, new markets, and new jobs, if Europe makes the transition to an eco-efficient economy. 

Key factors discussed include: educating business and industry about the potential opportunities, committing to research, innovation, development, and the creation of new jobs to support an eco-economy, and greener public procurement legislation and performance specs. 

Barriers to overcome include: institutional and bureaucratic ones, inadequate financing for eco-transformations, and inadequate knowledge of how to go about the transformation. If solutions were discussed, they were not reported in the “No time to lose on the eco-economy” article.

For more business, science, and technology information from a European perspective, visit the European Commission’s CORDIS (Community Research & Development Information Service) website. –nks

Need more information or addional research?  Contact me.

nkstoec@msn.com

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Encanto supercomputer not yet living up to NM expectations

Posted on May 18, 2009. Filed under: economic development, research & development, science & technology |

A little over a year ago New Mexico unveiled Encanto, an $11M  supercomputer intended and expected to be used to encourage students to go into science careers, and as a tool to boost the state’s economy by luring more high-tech industry. 

Encanto’s operations are overseen by the New Mexico Computing Application Center (NMCAC), and it’s housed at Intel’s Rio Rancho site.  Encanto is currently the world’s 12th fastest supercomputer (the fastest non-federal supercomputer), capable of  up to 172 trillion calculations per second.  It’s initial focus was to be on digital media, health, and energy.

So what’s wrong?  According to a recent state study, Encanto has yet to bring in significant revenue, having generated only about $300,000 in cash so far.  Other revenue has been in the form of in-kind services; needed but not the model that will sustain Encanto and NMCAC into the future. 

However, perhaps in a sign of good things to come, NMCAC reports that Dreamworks Animation SKG Inc is teaming with New Mexico’s CerelinkDigital Media Group, which will use Encanta to render three-dimensional films in New Mexico.  No word on revenue projections.

NMCAC’s website states it is interested in “collaborating with businesses on late-stage R&D that will translate into commercial applications.”  Visit the NMCAC website to learn more. –nks

Need more information? Perhaps I can help.

www.nksinfoservices.com

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