Economic & Tourism Development

High Tech Assistance Programs

Posted September 24, 2008

According to the State Science & Technology Institute (SSTI), a non-profit organization that works to improve government-industry technology efforts, most technology-based economic development programs fall into five categories:

Industrial problem-solving, including technical assistance and extension services for existing firms;
Technology development, including university-industry centers that work to commercialize technology research through new or existing firms;
Start-up business development, which involves business support centers for new technology-focused firms;
Financial assistance in the form of debt financing, equity financing (venture capital) and tax incentives; and
Networking support, such as funding for new manufacturing associations.

Resources on high tech development include:

State Science and Technology Institute
NCSL Economic Development Partners links to helpful resources on the new economy. The Economic Development Partners have released their final report on the new economy. New economy strategies emphasize technology development.

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