The Myth of SIRTI may finally come to an end

This column nails it – very well said: The Myth of SIRTI | Comment | The Pacific Northwest Inlander 

It [SIRTI] was always about a sales pitch. I recall one meeting when a former EWU president announced the latest “innovative” idea: It “promised” to create a new “high-tech” (it always had to be “high-tech”) company that in, say, five years would generate (pick a number) in revenue and (pick a number) new jobs. No evidence, just numbers, seemingly pulled out of a hat.

We’ve written a lot about SIRTI on this blog. Take a look. Shutting down this former funding gatekeeper would be a good thing. As a former Board member said, SIRTI did more to hinder economic growth than anything else.

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Spokane “Startup Weekend” November 15-17

“Startup Weekend” is coming to McKinstry Innovation Center Nov 15-17 | LaunchPad INW.

LaunchPad News – Celebrate Local Startups

LaunchPad, Connect Northwest and Startup Weekend Spokane present a free event for entrepreneurs, startups and anyone interested in learning more about the emerging startup scene.

We are celebrating the Top 25 Startups for a hang out at a cool location with one of the best downtown views: The 3rd Floor Coworking Center and Courtyard at the Seahorn Building in Steam Plant Square, 157 S Lincoln. The event goes from 5:30pm-8:30pm.LaunchPad, Connect Northwest and Startup Weekend Spokane present a free event for entrepreneurs, startups and anyone interested in learning more about the emerging startup scene.

[They left out the date but their Facebook page says it is set for October 2nd…X]

We are celebrating the Top 25 Startups for a hang out at a cool location with one of the best downtown views: The 3rd Floor Coworking Center and Courtyard at the Seahorn Building in Steam Plant Square, 157 S Lincoln. The event goes from 5:30pm-8:30pm.

Attendees will:

-Meet founders and representatives from top local startups

-Learn more about the upcoming Startup Weekend Spokane

-Get an update from past Startup Weekend winners and participants

-Connect with local service providers supporting the growing Startup Ecosystem

Appetizers, Beer and Wine served. See you there!

RSVP via Facebook or email to paul@launchpadinw.com

via LaunchPad News.

LaunchPad INW Weekly Newsletter on local innovation and entrepreneurship

Check out LaunchPad INW – the original, local social networking (and in person networking) group has transitioned to a weekly newsletter sharing information on local innovation and entrepreneurship activities.

To learn more, read “Welcome to LaunchPad“.

“6 Things That Can Kill Your City’s Startup Community”

6 Things That Can Kill Your Citys Startup Community.

The co-founder of TechStars explains why communities fail to have an entrepreneurship community. He lists six broad categories that hinder startup and economic growth – and incredibly, Spokane ranks high on all six categories (most of which have been previously written about on this blog – See the History of Spokane Economic Plans and Recommendations, in links to right of this page).

This seems a reasonable summary that matches up with Spokane and may give hints as to how to overcome the problems …

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Resources

Independent online resources where you can monitor the long term trends yourself. They have the data used in the charts on this web site, and often have the same charts too.  This blog has brought up nothing new – everyone else knows what is going on!

Due to a recent Court ruling in Oregon, I may take this entire web site offline in the future. If the government provides more First Amendment protections to “journalists” than to citizens and the government decides who is a journalist, then what happens to the First Amendment  freedom of the press concept?  Basically, the First Amendment is thrown away as the government selectively choose who is a journalist and who is not.

“Spokane is a great place….Things are good in Spokane.”

We wish it were true!

But back in the reality-based world and this last post on this blog … by the numbers, Spokane is not getting better, it continues its long downward slide.

Spokane’s Economy In Easy to Read Charts

For decades, wages in Spokane have grown at half the rate of the rest of the state, falling further behind every year. Spokane wages average about 20% behind the rest of the state. Government and health care workers make close to King County wages – but everyone else here earns much less than the -20% wage  differential implies.

Every year, Spokane residents fall further and further behind their counterparts in the rest of Washington and in the nation. This chart shows that Spokane per capita income was at 90% of the State’s level in the 1970s, but has declined to less than 80% of the State’s level by 2008 (the orange line). In 2010, average wages rose 2.7% nationwide, but rose only 2.3% in Spokane County. Stated another way, average wages rose 17% faster everywhere else while and Spokane residents’ income fell relative to everyone else.

The next chart highlights the wage differential for those working in higher skilled jobs in Spokane.  Education and health care, which are shown, are similar to King County. (Government wage data was not available for this specific comparison). As we move to the right into higher skilled jobs like manufacturing, finance and engineering, the wage differentials are enormous. Spokane will never attract a national or world class high skilled workforce when wages in Spokane are up to 50% less than across the state. Which is why the State and local power brokers have identified Spokane as the low wage, low skilled industry cluster for the state.

 

Tons more data after the break …

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