• Join us in Chicago for SSTI's 2014 Annual Conference

    SSTI’s Annual Conference will be held in Chicago, September 14-16, 2014. SSTI's conference offers the right balance of activities to achieve better connections, closer collaboration, and a stronger community. Registration is now open!
  • Access the SSTI Webinar Library

    SSTI’s monthly webinar series, Inspiring Thought, is an affordable way to stay on top of new ideas in encouraging economic growth. Miss a webinar? No problem. Past webinars are now available for purchase.
  • Download SSTI's 2013 TBED Trends Report

    In 2013, a slow yet stable national economic recovery gave rise to many new initiatives across states and regions with a shift toward targeted and refined investments in the high-tech economy for quicker returns.
  • J.B. Pritzker is an entrepreneur, investor and philanthropist. He is Managing Partner of Pritzker Group, a private investment firm that comprises three professional investment teams: middle-market acquisitions, technology venture capital and asset management.

Useful Stats: Business Survival Rate by State, 2003-2013

July 17, 2014

Through good times and bad, the churning of businesses and jobs is a hallmark of any dynamic capitalist economy. This “creative destruction,” where some firms enter the market or expand while others contract or close, is the cause of much debate among policymakers and anxiety throughout the workforce.  Using data from the Bureau of Labor Statistics’ (BLS) Business Employment Dynamics (BDM) data series to determine the 10-year survival rates of establishments born in 2003, this article assesses the states in which these new businesses were most likely to survive.

SSTI Conference Sessions, Agenda Available Online

July 17, 2014

Over two days, more than 300 practitioners, shareholders and policymakers interested in encouraging regional prosperity will convene in Chicago, September 14-16 for SSTI’s Annual Conference to share best and promising practices in response to new, arising opportunities.

With tracks focused on improving innovation networks and initiatives, increasing critical risk capital, and exploring higher education's new roles, Regional Prosperity Through Innovation will help guide you through today's changing -- and challenging -- times.

New York Launches New $500M Semiconductor Partnership

July 17, 2014

New York Gov. Andrew Cuomo announced the creation of the Power Electronics Manufacturing Consortium, a 100-member public-private partnership between public research universities, private sector companies, and other research partners to develop next generation of materials and processes used in the manufacturing of wide band gap semiconductors.

Your Support for the Regional Innovation Program Needed

July 17, 2014

As Congress continues negotiations over the FY15 federal budget, SSTI is hard at work trying to secure additional funding for the Regional Innovation program. The Regional Innovation Program was authorized under the American COMPETES Act and is designed to provide funding to support regional innovation activities. The Senate has approved $20 million for the program for FY2015, while the House did not provide any funding for the program. SSTI has prepared a support letter to Congressional leaders and is seeking organizations to sign on to the letter.

NIST To Open New Competitions for MEP Centers Across the Country

July 17, 2014

Over the next three years, the National Institute for Standards and Technology (NIST) Hollings Manufacturing Extension Partnership (MEP) plans to hold open competitions for MEP center cooperative agreements in all 50 states and Puerto Rico. The process will begin with a demonstration program this summer, in which competitions will be held in six to 10 states in each of MEP’s six regions.

Despite Growing Demand, Most STEM Graduates Work in Other Fields

July 17, 2014

About 74 percent of U.S. residents with a bachelor’s degree in science, technology, engineering and math (STEM) fields are not employed in STEM occupations, according to data from the U.S. Census Bureau’s American Community Survey. While STEM graduates are less likely to be unemployed, they generally find careers outside of science and technology.