Posts tagged investment
Boulder Ice cream Incentives
Apr 10th
Jane S. Brautigam, City Manager, has approved a flexible rebate application for Boulder-based Boulder Ice Cream for up to $25,000 in rebates. The rebates were authorized for sales and use taxes and permit-related fees.
The flexible rebate program is one of the City of Boulder’s business incentives, covering a wide range of fees, equipment, and construction use taxes. Under this program, the city manager may consider a specific incentive package for tax and fee rebates to meet a local company’s specific needs. The company is then eligible for the rebate after it has made its investment and paid the taxes or fees to the city.
“Boulder Ice Cream bringing manufacturing back to Boulder and continuing to expand its product lines is wonderful for Boulder,” Brautigam said. “Boulder Ice Cream has its roots here and embodies Boulder’s sustainable values and its strong natural and organic products industry.”
Boulder Ice Cream began as a scoop shop on the Pearl Street Mall in 1992 and currently manufactures and distributes to more than 300 grocery stores and 80 food service establishments. Boulder Homemade, Inc. manufactures Boulder Ice Cream, Yoki Bliss frozen yogurt, and Figo! Organic Gelato, one of the first organic gelatos on the market. Boulder Ice Cream will move its headquarters to a new space at 3220 Prairie Ave. and consolidate its manufacturing from two plants in Louisville and Denver into its new organic-certified facility in Boulder.
Source: City of Boulder
CU study: Foreign students should stay
Nov 5th
foreign Ph.D. students to stay, CU-led study finds
Encouraging more talented foreign students to study at U.S. universities and encouraging them to launch entrepreneurial ventures here could help “revitalize innovation and economic growth” in this country, a trio of economists led by University of Colorado Boulder Professor Keith Maskus concludes.
Maskus and co-authors Ahmed Mushfiq Mobarak, associate professor at the Yale School of Management, and Eric T. Stuen, assistant professor at the University of Idaho College of Business and Economics, make this case in the Policy Forum of the Nov. 1 edition of the journal Science.
The economists’ perspective draws on their study of 100 research-intensive U.S. universities in 23 science and engineering fields, which found that both U.S. and foreign students are “essential causal inputs into scientific discovery.” The trio has also found evidence that increased student diversity boosts innovative research.
Maskus and his collaborators have found that high-performing foreign-born Ph.D. students improve the “creation of knowledge” in U.S. universities. When knowledge is created, it tends to drive entrepreneurial investment and economic growth.
In fact, the researchers found, “The productivity of the average American university science and engineering laboratory in generating publications is a bit higher if it has students from 10 different countries than if it has 10 students from one country.”
That might not seem intuitive, Maskus acknowledged. “What it comes down to is that people trained in different traditions tend to have different specialties in terms of how they come to a teamwork environment. And teamwork is more productive, more efficient if you have people with divergent ideas, so they can play off of each other.”
Such diversity of intellect, capacities and specializations makes a measurable difference, Maskus added. “It doesn’t matter so much on a factory line, but it matters a lot in an intellectual sense when you’re trying to be innovative and creative.”
The publication comes as Congress weighs whether and how to change the U.S. immigration system. A bipartisan bill that cleared the U.S. Senate in June but has stalled in the House includes provisions that partly mirror those recommended by Maskus and his team.
Based on data showing that highly skilled Ph.D.s in science and engineering tend to generate new jobs where they work, the bill would pave the way for Ph.D.s in science and engineering who are from foreign countries to gain permanent U.S. residency after graduation.
U.S. law requires foreign students to leave the country after earning their Ph.D.s unless they find employers willing to sponsor their visas, which, Maskus and his colleagues note, might not lead to permanent U.S. residency. In recent years, the percentage of foreign Ph.D.s remaining in the United States after graduation has declined.
The Senate bill would grant a green card, or permanent residence, to foreign students who get a Ph.D. in science or engineering at American universities. The bill would also facilitate green-card status to those who have recently earned doctoral degrees in science and engineering at recognized scientific institutions worldwide.
Maskus and his colleagues also recommend an entrepreneurship visa. Such a visa could be granted to those who have secured a patent and met certain milestones for getting that idea commercialized. The idea is similar to an investment visa—granted based on immigrants’ investment in the U.S. economy.
This year, Canada implemented an entrepreneurship visa that includes inventive foreign Ph.D.s. The program aims to attract science and engineering graduates from U.S. universities.
“Ultimately we think this is an important way of reinvigorating economic growth and technological change in the U.S.,” Maskus said.
Additionally, the trio contends that decisions to grant student visas to prospective graduate students from foreign countries should be granted on more factors than just their ability to pay. Historically, the ability-to-pay requirement has been used by immigration officials as an indicator that foreign students will return to their countries of origin.
In the case of foreign Ph.D.s in science and engineering, such a requirement “is short-sighted,” Maskus said. “The country should welcome people who can contribute in developing innovation and new technology and permit them to stay.”
“You have to have access to the best innovative inputs and resources in the world,” Maskus said. “The Europeans recognize that, the Australians, the Canadians.”
Addressing a commonly expressed fear, Maskus and his collaborators do not find evidence that granting green cards to high-performing foreign Ph.D.s would displace American Ph.D.s.
The research of Maskus, Mobarak and Stuen reinforces recommendations of groups ranging from the U.S. Chamber of Commerce to the National Academy of Sciences.
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New financial educator to help CU-Boulder students navigate money matters
Aug 22nd
The CU Money Sense program was created by the Bursar’s Office in 2009 to provide student financial workshops and other educational opportunities including “Money Smart Week,” according to Susie Jacobs, the program’s director.
“This year our program added a new financial educator position to provide our students with one-on-one education sessions,” Jacobs said.
Niomi Williams, the new financial educator, will offer the free one-on-one sessions in order to give CU-Boulder students — and alumni — a financial leg up in what can be a challenging chapter in many young adults’ lives.
“When I was a recent college graduate, I found myself with student loan and credit card debt and not enough income,” Williams said. “I didn’t know how to manage my finances, I was a mess. My goal in this new position is to help students steer clear of money mistakes and lay the foundation for a stable financial future.”
While all individuals’ needs will be different, Williams said students can request a one-on-one session with her to cover basic financial questions such as how to organize and budget money, a challenging task for many people. Or they can just come in to talk about other financial issues or questions they may have.
“For many students, college is the first time they have to really manage their money, everything from paying rent to understanding how much their student loan payments will be when they graduate,” she said.
Williams said she won’t be offering investment or tax advice, but she hopes she can help students excel in money management.
“Once I learned how to organize and control my finances, all the pressure and financial stress I had been feeling went away,” she said.
Students who don’t want to sit down with Williams can visit the CU Money Sense website at http://bursar.colorado.edu/cumoneysense. Students also can check out the Facebook and Twitter pages, or follow the CU Money Sense blog, all of which can be accessed on the main website. CU Money Sense also puts on several workshops throughout the school year on financial topics of interest to students, free of charge.
Upcoming CU Money Sense workshops include:
- “Money Matters Information Sessions,” Aug. 21-23, 3-4 p.m. in University Memorial Center room 247.
- “Best Money Apps and Websites for Students,” Aug. 27-28, at 3 p.m. in University Memorial Center room 353.
- “Intro to Money, Banking and Budgeting in Boulder for International Students,” Sept. 18, at noon in University Memorial Center room 425.
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