SSTI Digest

The latest reporting and analysis on breakthroughs in technology-based economic development research and issues that matter most to you.


Is There a Crisis in Seed Stage Venture Capital?

January 29, 2015

The first wave of year-end 2014 data on U.S. venture investment painted a portrait of a resurgent capital market. Investment activity reached its highest level of activity in a decade, finally shaking off the stagnation of the Great Recession (see last week’s article). Within the data, however, there were some concerning trends.

How Can Policymakers Restart America’s Entrepreneurial Engine?

January 29, 2015

In a report released by the Commission on Entrepreneurship and Middle-Class Jobs at this year’s Milstein Symposium, a convening held at the University of Virginia’s Miller Center dedicated to restoring the American Dream, the authors deliberate the significant barriers to American entrepreneurship and postulate potential policy recommendations. Ultimately, the authors propose five ideas that they believe would help rebuild the American dream by promoting entrepreneurship:

Higher Ed a Priority in MD, MN, FL Budgets

January 29, 2015

Governors in Maryland, Minnesota, and Florida proposed substantial funds to higher education in their budgets this week, with an emphasis on affordable education and expanded research capacity.

R&D Tax Credits Increase Resiliency of R&D-Intensive Firms

January 29, 2015

As the federal and state governments look for methods to support the creation and retention of well-paying science and tech (S&T) and manufacturing jobs, two recent reports have found that R&D tax credits play a vital role in helping keep domestic R&D-intensive firms resilient from economic downtowns and competition from emerging economics.

Tech Talkin’ Govs: HI, MT Govs Address Innovation Infrastructure, Apprenticeships

January 29, 2015

SSTI's Tech Talkin' Govs series has returned as governors across the country formally convene the 2015 legislative sessions. The series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural addresses.

Commerce Announces Next Round for Manufacturing Communities Competition

January 29, 2015

The U.S. Department of Commerce announced a second round of the Investing in Manufacturing Communities Partnership (IMCP) competition. IMCP, a cross-agency initiative, coordinates federal investments behind long-term economic development strategies in manufacturing communities. The first four designee communities were announced in May 2014.

DOE Establishes Council to Accelerate Clean Job Growth

January 29, 2015

Ernest Moniz, the U.S. Secretary of Energy, announced the creation of the Jobs Strategy Council (JSC), an initiative to develop a methodology for providing consistent, usable data measuring energy job growth and help align workforce development systems with the needs of the clean energy industries through partnerships with the private sector, community college systems, union apprenticeship programs, and other educational institutions.

STEM Education, Skilled Workforce Programs Popular Among State Budget Proposals

January 22, 2015

This week, governor’s in eight states released their budget proposals. Balanced budgets and fiscal austerity were undoubtedly emphasized by the governors, yet funding for STEM education and workforce development initiatives were increasingly popular.

NY Gov. Proposes $1.5B for Upstate Revitalization, Statewide Economic Initiatives

January 22, 2015

This week, New York Gov. Andrew Cuomo released his proposed 2015-16 budget, including an extensive slate of economic development and innovation initiatives for the state. The governor unveiled his plans in a press conference outlining his 2015 Opportunity Agenda in lieu of this year’s State of the State address. Gov.

Useful Stats Venture Capital Investment Dollars, Deals by State, 2009-2014

January 22, 2015

U.S. venture capital investment hit $48.3 billion in 2014, its highest level since 2000, according to data from the National Venture Capital Association (NVCA) and PricewaterhouseCoopers (PwC). Investments jumped 61 percent over the previous year in terms of dollars. Deals were up as well, but by a more modest 4 percent to 4,356 deals in 2014, indicating the growth of deal size and the presence of a number of “megadeals.” NVCA also noted that investments were dispersed throughout the country, with 160 U.S. metros receiving some venture capital.

Tech Talkin’ Govs: Workforce, Education Issues Continue to Dominate Gubernatorial Addresses

January 22, 2015

SSTI's Tech Talkin' Govs series has returned as governors across the country formally convene the 2015 legislative sessions. The series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural addresses.

NY Gov Unveils $1B Broadband Initiative, Report Highlights Success of Federal Investments in Broadband PPPs

January 21, 2015

New York Gov. Cuomo unveiled a $1 billion public-private broadband program to ensure every New Yorker has access to high-speed Internet by 2019. Utilizing capital funds from bank settlements, the state will commit $500 million to the New NY Broadband Program with the intent of incentivizing the private sector to invest the additional $500 million to expand high-speed broadband access in underserved and unserved areas. To receive funding, the proposed plan must meet three qualifications:

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