SSTI Digest

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

Defining Successful Regional Innovation Clusters

August 21, 2014

To compete in the global world market, regions must continue to evolve and better understand how best practices support their regional industries, including defining the benchmarks of a successful industry cluster. In a recent academic article from Harvard researchers, Mercedes Delgado, Michael Porter, and Scott Stern unveiled a new algorithm tool that generates and assesses sets of cluster definitions. The new algorithm will be integrated into the U.S. Cluster Mapping Project to help researchers and policymakers cultivate more successful regional clusters.

EDA Director to Share His Vision of Agency's Future

August 21, 2014

In one of his first appearances at a national economic development conference, Assistant Secretary of Commerce for Economic Development Jay Williams will address SSTI's Annual Conference on September 15 in Chicago.

Global Investors Confident in U.S. Economy, Not Government

August 21, 2014

Global investors are more confident investing in the U.S. than anywhere else in the world, according to a recent survey from Deloitte and the National Venture Capital Association (NVCA).  Confidence in the U.S. macroeconomy and U.S. investments has now grown for the third straight year and continues to lead among the 12 countries included in the study. Respondents, however, indicated that they had a negative opinion of the country’s investment policy environment. U.S.

NGA Announces Support for Workforce Training Efforts in 14 States

August 21, 2014

The National Governor’s Association (NGA) announced that it will provide grants, technical assistance and opportunities to align education and training systems with private sector needs in 14 states. Colorado, Illinois, Indiana, Iowa, Kentucky, Louisiana, Minnesota, Montana, New Jersey, North Carolina, Oklahoma, Virginia, Washington and West Virginia have been selected to receive support to build industry and education partnerships and optimize their workforce-oriented incentives.

Public, Private Funding for University-Led Manufacturing Innovation Partnerships

August 21, 2014

To revitalize the U.S. manufacturing base, states and private organizations are turning their attention to support university-led, manufacturing Research and Development (R&D) partnerships that reduce the cost of manufacturing domestically and equip U.S. manufacturers with cutting-edge technologies. Responsive to the needs of industry, these partnerships are intended to not only spur innovation, but also support economic prosperity in regions across the country. The Walmart Foundation and Pennsylvania Gov. Tom Corbett announced new funding for university-led manufacturing partnerships.

Useful Stats: An Analysis of Entrepreneurship Indices

August 20, 2014

Within the past few months, several indices have been released that attempt to rank states based on their entrepreneurial activity. From the perspective of economic development agencies, these indices are particularly helpful in assessing where each state stands according to the numerous ways to measure entrepreneurship. These indices, however, should be taken with a grain of salt; issues can arise when too much importance is placed on these lists for the sake of competition or the need for press.

Only Six Days Left to Save $95 on Conference Registration

August 14, 2014

The conference Discount Rate ends next Wednesday, August 20, which means there are only six days left to save 95$. Register today to join us for SSTI's Annual Conference, Regional Prosperity Through Innovation being held in Chicago, September 14-16.

There is no better time to register than right now. We’re planning an intense two-day event with two plenary sessions, twenty breakout sessions, three workshops, and much more.

FFC Announces Funding for Rural Broadband Experiments, NTIA Releases Reports on Impact of Broadband Grants

August 14, 2014

The Federal Communications Commission announced a round of funding for rural broadband experiments in price cap areas that will deploy new, robust broadband to consumers. The U.S. Department of Commerce’s National Telecommunications and Information Administration released a series of reports on its broadband grant programs.

College Towns and TBED

August 14, 2014

As summer internships come to a close, dorm room furniture begins to go on sale, and the smell of football season permeates the air, one thing is for certain – a new college school year is fast approaching. Over 22 million students are expected to attend American colleges and universities this fall, according to the National Center for Education Statistics, which is sure to shake up many college towns throughout the country where summers fare on the quiet side.

Angel Group Investments, Valuations Climb in Q1 of 2014, Halo Report Shows

August 14, 2014

The Angel Resource Institute (ARI), Silicon Valley Bank (SVB) and CB Insights released the Halo Report for the first quarter (Q1) of 2014. The national survey of angel group investment activity reported encouraging results as both investments and valuations climbed in Q1— median round sizes increased to $980K per deal up from 2013 averages, and pre-money valuations rose to $2.7 million from $2.5 million in Q4 of 2013. The climb was driven mostly by investments in Internet-related companies that jumped significantly.

Wondering Why You Should Come to the SSTI Annual Conference?

August 14, 2014

Budgets are tight, travel dollars are even tighter. So, why should you attend SSTI’s Annual Conference, Regional Prosperity Through Innovation, occurring September 14-16 in Chicago? In short, because it will help answer the questions and issues you’re struggling with. If you’re concerned about the future of your organization, we’ve got you covered with sessions focused on sustaining your organization, diversifying your revenue stream, competing for federal funding and what’s ahead from the federal government.

Nominations are open for Manufacturing Institute’s 2015 STEP Awards Program

August 13, 2014

The Manufacturing Institute announced that it is accepting applications for the 2015 STEP Awards program, a national awards program to honor women who have demonstrated excellence and leadership in manufacturing. Part of the Science, Technology, Engineering and Production (STEP) Ahead initiative, STEP Awards aim to recognize women at all levels of manufacturing. These awards illustrate the widespread impact women have on shaping the industry, whether they are running the company, designing the next big product, or testing innovations on the shop floor.