• Watch SSTI's Webinar on EDA Regional Innovation Grants

    SSTI recently hosted two webinars with EDA to discuss the new Regional Innovation Grant program. Watch the webinar online or download the slides to learn more about the program, as well as the application and selection process.
  • Oklahoma City Selected to Host SSTI 2015 Annual Conference

    SSTI is proud to announce that Oklahoma City has been selected to host the 2015 Annual Conference, October 26-28, 2015, at the Cox Convention Center.
  • 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.
  • $15M Solicitation for Regional Innovation Released

    The U.S. Department of Commerce has released a $15M solicitation (EDA-HDQ-OIE-2014-2004219) for Regional Innovation Grants via the 2014 Regional Innovation Strategies (RIS) program.

Knowledge-Intensive Industries Produce Nearly Quarter of U.S. GDP, Pay Higher Wages

October 22, 2014

Commercial knowledge and technology-intensive (KTI) industries produced nearly one-fourth of the U.S. gross domestic product (GDP) in 2012 ($3.8 trillion), according to a recently released National Science Foundation (NSF) Infobrief using Bureau of Economic Analysis and Bureau of Labor Statistics data.

New Initiative Boosts High-Speed Internet Pursuits of Innovation-Minded Cities

October 22, 2014

As part of Next Century Cities, a new bipartisan, city-to-city initiative, 32 cities and their elected leaders from across the United States are uniting to recognize the importance of leveraging gigabit-level Internet for economic development. The initiative enables participating cities to work together to learn about best practices in engaging and assisting communities in developing and deploying next-generation broadband Internet so that every community has the resources needed to succeed.

$20M Innovation Fund, Governor’s $1M Investment Highlight Chicago Innovation Exchange Grand Opening

October 22, 2014

As part of Next Century Cities, a new bipartisan, city-to-city initiative, 32 cities and their elected leaders from across the United States are uniting to recognize the importance of leveraging gigabit-level Internet for economic development. The initiative enables participating cities to work together to learn about best practices in engaging and assisting communities in developing and deploying next-generation broadband Internet so that every community has the resources needed to succeed.

VC Funding Declines in Q3 2014, Reports Examine VC Trends in OH, OR, PA

October 16, 2014

In Q3 2014, venture capital (VC) investments in the U.S. dropped by 30 percent from Q2 totals, according a new report from CB Insights. Q3 VC deal levels also dropped by 10 percent from Q2 totals. The severe drop, however, can be attributed to Q2 being the most successful VC quarter since Q1 2001. The good news is that the first three quarters of 2014 saw the U.S. VC investment total reach $33.75 billion – an increase of 59 percent compared to the first nine months of last year.

Recent Research: Is Bigger Better in Economic Development?

October 16, 2014

Over the past decade, two ideas have become more and more popular among innovation and economic development leaders. First, that maximizing collaboration between institutions, interest groups, stakeholders and communities is pivotal in building an innovation ecosystem that can succeed and grow over time. Second, that proximity matters, and by focusing on innovation networks at the regional or metro scale, rather than at the national or state level, initiatives can have a real, measurable economic impact. Though they seem complementary, these ideas are frequently in tension.

$25M Alumni Gift Establishes Entrepreneurship Center in Detroit

October 16, 2014

James A. Anderson, the founder and CEO of Detroit-based retail consulting firm Urban Science, and his wife donated $25 million last week to support the entrepreneurial efforts of Wayne State University’s engineering and computer science faculty and students.