Council and DTI President Meets with New England Delegation in Washington

Council and Defense Technology Initiative (DTI) President Chris Anderson met with members of the New England Congressional delegation in Washington on October 13 to address current and potential defense spending cuts and continue a January discussion of how New England can prepare to stabilize and strengthen its share of DoD/DHS federal investment. The meeting, hosted by Senator Kerry, provided legislators a glimpse of preliminary job loss associated with ongoing defense cuts and the related impact on the region’s economy. DTI will continue to work closely with legislators to coalesce a coordinated strategy strengthening New England’s innovation economy. An October 11 Boston Globe piece focused on this same issue and the substantial impact to Massachusetts’ workforce.

Donahue Institute Releases Report on New England Defense Economy; Aerospace Association Releases Similar Report on Job Loss Impact

A UMass Donahue Institute report commissioned by DTI evaluating New England defense contracting trends underscores the strength of the region’s defense economy. Defense contracts to New England firms totaled over $29 billion in 2010 with contracts to regional firms and institutions increasing 34% from 2006-2010. An October 21 Boston Globe article mentions the Donahue report and another from the Aerospace Industries Association.

DoD and DHS Contracts to N.E. States, 2010.  Source: UMass Donahue Institute, New England Defense Contracting Trends 2006-2010 (2011)

DoD and DHS Contracts to N.E. States, 2010.
Source: UMass Donahue Institute, New England Defense Contracting Trends 2006-2010 (2011)

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Several recent local news articles on defense firm reductions currently underway and comments by US Rep. Barney Frank (D-MA) advocating defense spending reductions as part of the Super Committee work are in line with these analyses.

IAN Sees Explosive Growth

Over the past 30 days, the number of innovations posted on the Innovation Access Network (IAN) (www.innovationaccess.org) has more than doubled as startups, entrepreneurs, and research labs look to IAN as the preferred way to connect with technology seekers around the globe. If you haven’t joined, or have joined but not yet posted your innovation(s), we encourage you to do so. Connections are continually being made between Seekers and Innovators spawning numerous new business opportunities. An October 7 Boston Business Journal piece highlights virtual incubation of startup organizations and the increasing need to cultivate early stage development in Massachusetts.

Don’t forget IAN will be hosting a panel discussion on Wednesday, November 16 at 10:30 a.m. at the 2011 IEEE International Conference on Technologies for Homeland Security. For more details visit: www.ieee-hst.org/default.html.

Please contact IAN’s VP of Business Development Rick Mahoney at rick@innovationaccess.org to learn more about IAN.

Home Base Program to Assist Veterans Enters Second Year

The Home Base program, a local initiative sponsored by the Boston Red Sox and Massachusetts General Hospital, has entered its second year of helping veterans and their families cope with the aftermath of deployment and the “invisible wounds” of war. To learn more about improving the health of veterans and military families and how you can make a difference, visit www.homebaseprogram.org.

Council Extends Invitation to Pharma Licensing Event

The Council, in partnership with the Drug and Chemical & Associated Technologies Association (DCAT), invites members to a November 10 meeting (4:00 p.m. in Cambridge) with Dr. Helmut Boehnke, Executive Director – Technical R&D, Novartis Pharmaceuticals Corporation to discuss project licensing in the pharma industry. Council members and associates can register at no cost. Please contact the Council’s Member Services Director Daniella DeChristopher at daniella@mhtc.org if you’d like to attend.