The Newsletter of TechPAC and NVTC

November 12, 2008


In This Issue
Seen and Heard at NVTC
The Fall Election – TechPAC Style
The Winter Ahead
Up, Up and Away
TechPolitic Poll


Seen and Heard at NVTC
Meg Whitman, former President and CEO of eBay, recently was the keynote speaker at TechCelebration, NVTC's Annual Banquet, and she cited two specific NVTC achievements in the public policy arena:



"There's a couple of things that I admire about what Virginia is doing. You've taken a comprehensive approach to helping small businesses succeed. And let me just cite two examples that impressed me. Virginia's made a concerted effort to use technology to streamline and consolidate the registration and regulatory processes for startups. That means that new businesses here can more easily comply with the rules to set up shop, which is great, but even better, new businesses in Virginia can get down to business faster which means they get down to creating jobs at a quicker pace. This is smart policy.

My other favorite example is the Angel Investor Tax Credit. Virginia is one of only 18 states that provide this credit. And when targeted appropriately this credit helps get local entrepreneurs and cutting-edge startups off the ground faster and more successfully. This is a smart investment in homegrown innovation. And these examples and so many more have led Forbes Magazine, CNBC and many experts to declare Virginia one of the top business-friendly areas in the country. And that's an achievement to be proud of."


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The Fall Election – TechPAC Style
Tim Cook of Alion Science and Technology, Nicholas Evans of CGI, Steve Mullins of KZO Innovations, and Rob Quartel of FreightDesk Technologies have been elected to the TechPAC Board of Trustees.

"A PAC can only be as powerful as the involvement of its members," said Dendy Young, Chairman of NVTC TechPAC. "The continued growth and success of TechPAC depends entirely on the ability of NVTC members to contribute their time, energy and financial resources to support our mission. We are excited to add Tim, Nicholas, Steve and Rob as Trustees. Their experience, passion and perspective are tremendous value-adds as we move forward in this challenging political season."

The 24-member Board of Trustees is composed of top executives drawn from throughout NVTC's membership who identify and support candidates for office whose policy priorities best reflect the interests of Northern Virginia's technology community.


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The Winter Ahead
NVTC TechPAC Trustees have been actively meeting with legislators across the state urging them to act during the 2009 session to preserve Virginia's status as a global technology center and preferred location to start, expand and grow technology businesses.

"The growing consensus is we are looking at a $3-billion-plus budget shortfall heading into the legislative session," said Josh Levi, Vice President of Policy at NVTC. "Governor Kaine has indicated that everything is on the table and he already announced an initial round of cuts last month including a 5% reduction to community colleges, a 7% reduction to George Mason University and a 10% reduction to the Center for Innovative Technology. We are now hearing a buzz that CIT and the Office of the Secretary of Technology could be eliminated entirely along with many other programs in an effort to achieve budgetary savings. We are anticipating a very challenging legislative session."

NVTC's lobbying team will be in Richmond throughout the 2009 legislative session working to preserve the gains Virginia has made in building a globally-branded technology business climate that continues to earn the Commonwealth accolades as the best place for business, the state with the highest concentration of tech workers, the state with largest number of fast-growing firms, and the second-best state in the nation for entrepreneurs starting businesses.

"NVTC's Legislative Agenda is still being finalized by the Public Policy Steering Committee but the central message will be that Virginia's technology future requires that investments be sustained, even in a challenging budget environment. Those investments include transportation; higher education; workforce development, particularly science and math education; technology-based economic development; research; entrepreneurship; and the Center for Innovative Technology," said Public Policy Steering Committee Chairman Duffy Mazan.

"Technology must be, and will be, the engine for a statewide economic recovery," Levi added.


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Up, Up and Away
NVTC TechPAC is now the second-largest industry PAC in Northern Virginia, due to its incoming contributions this year to date and its operating budget of more than $100,000. TechPAC officials said in 2009 they are committed to making the committee the largest business PAC in Northern Virginia.

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TechPolitic POLL

How much would you pay for Presidential Inauguration tickets?
  • $40
  • $40,000
  • I'd mortgage my house
  • I'd pay to stay home rather than be outside in the January freeze
vote


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QUOTABLE

What do you like about being a TechPAC Trustee?

"NVTC TechPAC is a must stop for Virginia's political leaders and this makes participating in the PAC so invaluable. The opportunity to dialogue with policy makers and candidates who can help or hinder our businesses is extremely important to Micron, and NVTC TechPAC is great at making these meetings happen."
-Todd House, Government Relations Manager, Micron Technology



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