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USTAR: Catalyst For High-paying Jobs & Business Creation
by A. Scott Anderson, Chair of the Economic Development Corporation of Utah and President/CEO of Zions Bank
The Utah Science, Technology and Research (USTAR) Economic Development Initiative is a proposal from Utah’s business community to dramatically accelerate the amount of research and development conducted at Utah’s research universities in targeted disciplines with high potential for commercialization and business creation.
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The median household income for Utah is $47,074 according to the U.S. Census Bureau (2004). Click here to see how Utah compares to other states.
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Nationwide Survey Of Economic Development Strategies Involving Public Universities
by Levi Pace
To compete in the modern knowledge economy, many states actively invest in higher education to promote innovation in promising advanced technology industries. States have offered considerable dollar bids for a foothold in emerging technology-intensive fields, especially biotechnology, nanotechnology, information technology, and genomics. Most states are investing in direct funding for research in one or more areas. Our nationwide survey reveals that 9 states have major long-term funding initiatives (over $1 billion) for high-tech academic research. Meanwhile, at least 31 states have committed considerable funding in this area (more than $10 million). Overall, our estimate of the total commitment to additional spending focused on high-tech/academic research since 2000 is $29.4 billion.
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Utah ranks 12th in the nation in the State New Economy Index report. from the Progressive Policy Network.
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Policy Perspectives is brought to you by:
www.cppa.utah.edu
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A View from the Top of the Fence
by Ken Embley
This Policy Perspectives is about economic development and to me, economic development means working with others for the benefit of all. In an article found in the January 2006 Utah Business magazine, Governor Huntsman stated “the Cluster Initiative is looking deep within who we are as a state and trying to tie some of our natural indigenous advantages to economic development.” When I hear “looking deep within,” “trying to tie,” “indigenous advantages,” what I hear is economic development means, in part, that we must be able to work with others for the benefit of all.
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According to the Utah Department of Workforce Services, Utahns earned an average of $2,641 a month last year. Working full time, that means the average hourly wage was...
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