policy recommendations

US opinion of manufacturing more favorable

In its latest survey of U.S. public perception of manufacturing, Deloitte and The Manufacturing Institute found that the majority of Americans surveyed (roughly 8 in 10) view manufacturing as vital to maintaining economic prosperity in the country, but less than 5 in 10 find those jobs interesting or secure, and less than 3 in 10 would encourage their children to pursue a manufacturing career. However, respondents also said they believe future manufacturing jobs will require high-tech skills, be clean, safe and more innovative. That opportunity to build on the positive perceptions already present and dispelling the myths surrounding manufacturing jobs are explored in A look ahead; How modern manufacturers can create positive perceptions with the US public. The authors note that with such findings, “manufacturers could benefit from uplifting current perceptions and tapping into the future vision in order to help attract talent, both young and old, to the industry.”

SSTI submits letter to CDFI Fund on equity certification

In response to a request for information, SSTI submitted a letter to the U.S. Department of Treasury’s CDFI Fund about the certification process and standards for community development financial institutions (CDFIs). Just 1.4 percent of all CDFIs and 0.2 percent of total assets are registered by the CDFI Fund as “venture capital,” which is concerning given the importance of equity for many startups.

Top Stories from 2016 and a Preview of 2017

This week, we take a look at the top SSTI Weekly Digest stories from 2016 and give you an idea of what to look for in the coming months.

ITIF, Brookings Urge Expansion of TBED Support

To ensure economic growth and the success of the industries of tomorrow, the U.S. government needs to expand federal support for research and improve the efficiency of the process of federally funded knowledge leading to U.S. innovation and jobs, according to a recently released study by the Information Technology and Innovation Foundation (ITIF) and the Brookings Institution’s Bass Initiative on Innovation and Placemaking. In Localizing the economic impact of research and development: Policy proposals for the Trump administration and Congress, ITIF and Brookings suggest 50 policy proposals that the new administration and Congress can undertake to bolster tech transfer, commercialization, and innovation.

Tech Sector Affects Every Congressional District

The country’s competitive position in the global economy hinges on developing broad-based understanding and support for federal policies that will spur innovation and growth.  The policy discussions surrounding the high-tech economy should encompass all congressional districts, not just the iconic places like Silicon Valley, according to a report released this week by the Information Technology and Innovation Foundation (ITIF).

Vote to Get Innovation in Presidential Debates!

Critical issues for the innovation economy seemed to play a prominent role early in this presidential campaign cycle. Bernie Sanders pushed to make college debt free, Republicans incorporated H-1B visas into their immigration stances and Hillary Clinton proposed a platform to support innovation. After one presidential and the vice-presidential debate, however, innovation, technology and education have received very limited attention. However, moderators for Sunday’s debate will be looking at the top 30 questions voted on by the public for possible inclusion in the next debate. The current top 30 suggestions indicate the public wants to hear answers to real policy questions, including a few on the economy and education. There is still time for you (and colleagues, friends, etc.) to help ensure that some of the more relevant items are selected.

Clinton Innovation Agenda Addresses TBED Priorities

The Clinton campaign released on Tuesday, Hillary Clinton’s Initiative on Technology & Innovation, a wide-ranging platform with a heavy emphasis on technology-based economic development.

CBPP Report: State Job Creation Strategies Often Misguided

State economic development policies that focus on deep income tax cuts or tax breaks to lure companies from other states ignore fundamental data points about job creation, and as a result are more likely to fail, according to a recently released report from the Center on Budget and Policy Priorities. While alluding to the importance of encouraging entrepreneurship and firm survival more broadly, the authors also argue that public investments should be targeted at helping build a skilled workforce and improve the

FL, KY, TX, Others Use Data to Improve Postsecondary Graduates’ Chances of Finding, Keeping Well-Paying Jobs

Using data to track recent graduates in the workforce helps ensure postsecondary education institutions are preparing graduates for successful careers, according to a report recently released by the National Governors Association (NGA) – Tracking Graduates into the Workforce: Connecting Education and Labor Market Data. In this report, NGA contends that accurate, real-time information is a key element of functional labor markets.

Total Venture Capital Investment Rose 95% in Top 20 Startup Ecosystems from 2013-2014, New Report Shows

Total venture capital investment rose 95 percent in 20 of the world’s top startup ecosystems from 2013-2014, according to The Global Startup Ecosystem Ranking 2015 – a 160-report from Compass, formerly Startup Genome. Compass researchers also found that the global startup ecosystem landscape is maturing rapidly with non-Silicon Valley ecosystems capturing 14 percent more of the exit value pie in three years (2012-2014). In 2014, non-Silicon Valley startup ecosystems captured 59 percent of the value of all startup exits, up from approximately 45 percent in 2012.

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