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    Join us November 1-3 to focus on purposeful outcomes that can be created by innovation ecosystems.
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    Discuss state programs and what we know about their innovation and development impacts: Thursday, September 29 @ 3:00 P.M. ET
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Millennials Take on Economy

September 29, 2016

Millennials internalized the effects of the most recent recession and revealed their beliefs about the economy and jobs future in a recent poll conducted by EY, a professional services company, and the Economic Innovation Group. Nearly one-third believe their community is still in a recession and 78 percent are worried about having good-paying job opportunities, according to the poll.

EDA Seeks Comments on Regional Innovation Program

September 29, 2016

The Economic Development Administration (EDA) requests public comment on the overarching regulatory framework for the Regional Innovation Program. Comments should focus on the structure and implementation of the Regional Innovation Program, including Regional Innovation Strategies (RIS) grants.

EDA Announces Funding for Entrepreneurial, Workforce Development in OK, PA SC, WY

September 22, 2016

Over the last several months, the Economic Development Administration (EDA) has announced millions of dollars in grants to support tech-based economic development efforts in communities across the country (see recent Digest articles from August 18 and September 8).

NSF InfoBrief: US R&D Increased $21.1B in 2014

September 22, 2016

U.S. research and development (R&D) performance rose to $477.7 billion in 2014 – an increase of $21.1 billion over 2013, according to a recent National Science Foundation (NSF) InfoBrief. When adjusted for inflation, growth in U.S. total R&D performance (1.2 percent annually between 2008 and 2014) matched the average pace of U.S. gross domestic product (GDP).

New Report Highlights Local Strategies for Developing Equitable Innovation Economies

September 22, 2016

As U.S. cities increasingly focus economic development strategies on technology and innovation to spur economic growth, they should be cognizant that growing these businesses and jobs can also exacerbate local inequities and should, therefore, develop plans to address this issue, according to a newly released report from the Equitable Innovation Economies Initiative (EIE).

Commerce Announces Appointments to National Advisory Council on Innovation and Entrepreneurship

September 22, 2016

The U.S. Department of Commerce has announced that 30 individuals will serve in the third membership cycle of the National Advisory Council on Innovation and Entrepreneurship (NACIE). NACIE, which was established in 2010, advises the secretary of Commerce on transformational policies to help communities, businesses and the American workforce become more globally competitive.

Venture Capital Returns Challenged by Recent Evaluations

September 22, 2016

A spate of recent news challenges many common perceptions of venture capital. Academic researchers have identified critical shortcomings with widely used industry data. Major investors have revealed smaller than anticipated returns. An analysis of thousands of investments indicates fund success requires superstar deals of well more than 10x. These articles should drive new evaluations of public policy and programs to support early stage capital.