 The UK’s cities face an unprecedented economic challenge. They need to foster the economic growth necessary to recover from the deepest recession the UK has seen for decades. And they must do this at a time when public spending is dramatically reducing. This is doubly problematic for many British cities. It means far less money will be available to pay for traditional regeneration and economic development projects. But at the same time, it means that cities cannot rely on the expansion of the public sector to provide growth; indeed they will have to rely on the private sector all the more, as the public sector shrinks.
It is no surprise then that cities are looking for cost-effective ways of creating the conditions for economic growth. Encouraging innovation is one way to do this. Previous research has shown that innovation is responsible for the majority of economic growth in developed economies. Innovative places – Silicon
Valley being the exemplar – have in the past benefited from rapid economic growth that many cities would love to emulate.
The administrative framework that cities operate in is also changing. The regional approach to economic development is being replaced by a more local one. ‘Natural economic areas’ are increasingly being called on to take the lead in local economic policy; this policy has found its most immediate expression in the planned creation of Local Enterprise Partnerships (LEPs). These changes give cities and city-regions an important, but time-limited opportunity to shape policy to their benefit.
It is in this context of an urgent need for growth, a desire to foster innovation, and a shift from regional policy to local policy that the lessons of Manchester’s recent experience are especially relevant.
RICHARD SELINE WAS AN ADVISER TO MANCHESTER IN DEVELOPING THEIR INNOVATION STRATEGY.
Download the PDF
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 Cloud computing
is fundamentally changing the way we do business - from strategic
planning to how services are delivered. We've been actively tracking
these changes on our channel ReadWriteCloud and this
report is an extension of that.
The Future of the Cloud highlights cloud computing's impact on
IT organizations, and explores both its disruptive nature and the new
markets and opportunities it's creating. The first phase of the cloud
was about developing the foundation for the services it provides. Now
that the fundamentals are in place, companies are using them to become
an essential part of the cloud's value chain.
We think you'll find The Future of the Cloud (embedded below)
to be essential reading for the new technology enterprise. And remember,
you always you can find our day-to-day coverage of cloud computing at ReadWriteCloud.
The Spring/Summer 2010 Pepperdine
Private Capital Markets Project Survey Report is now ready for download! You can download the
complimentary report here: Spring/Summer 2010 Report. In this 160-page report, you'll find expected returns by
capital providers (senior lenders, asset-based lenders,
mezzanine funds, private equity groups, venture
capital, angel investors, and factors), business
owners' opinions of costs and benefits of various sources of
private capital, business appraisers' estimates of various cost
of capital components, current leverage and deal multiples, industry
and economic outlooks, and much more!
Looking
ahead, our Fall 2010 survey window will open on August 30th. We
have undertaken a number of survey revisions to reduce the amount of
time it takes to complete the surveys. All surveys are now designed to
be completed in 20 minutes or less. If you have any suggestions or wish
to join our survey advisory panel, please let me know. Also,
please join our LinkedIn group, Pepperdine Private Capital Markets
Project, by clicking Join Group and add me to your LinkedIn network by
clicking here: Add to Network. Finally, as you're
aware, the growth and success of our project are dependent upon people
like you so, once again, thank you for your support! Respectfully yours,
John
*************************************************************************
John K. Paglia,
Ph.D., CFA, CPA, ASA
Denney Academic Chair
Associate Professor of
Finance
Senior Researcher, Pepperdine Private Capital Markets Project
Graziadio
School of Business and Management
Pepperdine University Malibu,
CA 90263
T he Council for American Medical Innovation (CAMI), launched in 2009, has brought together leaders in research, medicine, public health, academia, education, labor, and business, who are working in partnership to encourage public policies that
advance medical innovation and the development of lifesaving treatments, enhance job growth, and promote patient access.
CAMI believes leadership in medical innovation is a key part of America's economic recovery, future prosperity and health. For additional information, please visit www.americanmedicalinnovation.org.
Download
the complete report here
Download
the complete report and appendix here
RICH BENDIS, PRESIDENT AND CEO OF INNOVATION AMERICA WAS ONE OF PARTICIPANTS INTERVIEWED FOR THIS REPORT.
The National Science Foundation has released the first data from its
new Business R&D and Innovation Survey (BRDIS). Dr. Arden Bement,
Director of NSF, and Dr. Thomas Mesenbourg, Deputy Director of the U.S.
Census Bureau, announced the release via a webcast
on May 26, 2010. Read more in the report, U.S.
Businesses Report 2008 Worldwide R&D Expense of $330 Billion:
Findings from New NSF Survey (NSF 10-322).
 Iowa’s economy includes some of the most recognized names in ag-biotech – companies that invest $600 million each year in agricultural improvement and research technologies, including a recently developed $19.5 million state-of-the-art DNA analysis center. Other industry stalwarts include renewable energy, bioscience, advanced manufacturing, and information solutions and financial services.
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Wednesday, 28 July 2010 00:00 | 
