Thursday, March 8, 2007

High Technology Scorecard for Northeast Ohio: Is the Glass Half Full or Half Empty?

It depends on what measure you use, like anything else related to economics. What got me interested in this story was a news story (television) focused on Keithley Instruments- a computer chip company based here. They interviewed executives with Keithley who said 60% of their venture capital in last year came from out of state --- and they were adamant about the fact that this meant venture capitalists were keen on Northeast Ohio and her ability to grow the high tech sector. Okay, that makes sense to me.

The second part of the story comes from Crains Cleveland Business news, saying that a CSU study showed the glass half empty for the first half of this decade: National high tech growth fell 8% while in Northeast Ohio the figure was 13%. BUT (now back to the glass half full!) salaries in our high tech companies rose 6.5%. And in this article they say they expect continued growth in the industry. Peace Out - 3C

Congressional Bill HR1300 Knocks It Out of the Park!

I want to give a shout out to Ed for his comment on my last post - he referenced HR1300 which energizes me, even at 12:15am. A wealth of information on energy policy recommendations. This next section made me want to cheer out loud:


(a) Findings- The Congress finds that--

(1) Members of Congress should follow their own example of setting forth legislation that encourages the use of alternatively fueled vehicles; (yes, how important is this! do you think Ford can start making hybrid Lincoln Town Cars for them :-)

(2) in 2005, the total cost of automobile leases for Members of Congress surpassed $1,000,000, ( save American taxpayers money? Novel idea!) and a collective switch to alternative fuel vehicles, hybrid vehicles, or vehicles powered by biofuels could potentially save American taxpayers thousands of dollars annually; and

(3) the General Services Administration has already purchased over 68,000 alternative fueled vehicles for the use of Federal customers, more than any other organization in the United States. (Now that is what I'm talking about! Are you cheering yet?)

Okay, so if you go to The Library of Congress website here and where it says 'enter search' change it from 'word' to 'bill' and type in HR1300 - you can read the entire bill. As Ed mentioned, Title V talks about transit issues. It won't be boring, I swear you just might be cheering! Now, how am I going to sleep! - Peace Out - 3C