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Venture-backed exits set record for first half of year

Several mega-deal IPOs, including Uber, Zoom and Pinterest, and strong merger and acquisition activity, combined to create a record-setting $188.5 billion in venture-backed exit value for the first half of 2019, according to VentureMonitor, the quarterly report on venture capital investment compiled by the National Venture Capital Association and PitchBook. According to the report, the six-month total for 2019 has already topped the full-year total for all prior years.

Report highlights changing geographical trends in U.S. manufacturing

A recent report from Georgetown University’s Center on Education and the Workforce (CEW) details the changes in manufacturing’s geographic concentration across the country between 1940 and 2016. Manufacturing was the largest source of employment in 15 states in 1940, concentrated in the Northeast and Midwest, and had grown to the largest source of employment in 18 states by 2000, concentrated in the Southeast and central states. However, manufacturing was the largest source of employment in only Indiana and Wisconsin by 2016.

DOL announces apprenticeship awards, new funding, seeks public comment

The Department of Labor recently announced awards totaling $183.8 million in Scaling Apprenticeships Through Sector-Based Strategies grants. Funded through H-1B visa fees, the grants will support the training of more than 85,000 apprentices. The grantees include 23 academic institutions and grant-matching industry consortia representing 18 states, and includes three SSTI members — the University of Cincinnati, Lorain County Community College and the State University of New York Research Foundation.

Useful Stats: NIH awards by metro, 2014-2018

Home to the Research Triangle Park and top-tier research universities like Duke University and the University of North Carolina at Chapel Hill, the Durham-Chapel Hill metropolitan area led all regions in per capita NIH funding in FY 2018 and placed sixth in total funding that year, according to a new analysis by SSTI. This edition of Useful Stats looks at all NIH awards at the regional level over the five-year period between FY 2014 and FY 2018. Boston led all regions in total NIH funding in FY 2018, while NIH funding in the Washington, D.C., region increased by the greatest percentage over the five-year period among major metropolitan areas.

FLC calling for state & local government partnership success stories

The Federal Laboratory Consortium (FLC) is accepting federal laboratory T2 partnership story submissions for an online publication of state and local government successes this year. Recognizing that federal lab and state and local government partnerships are critical to the nation’s economy, FLC will showcase the regional value that results from such partnerships. The stories will be published in the FLC Success Stories Gallery and promoted across different media channels. The submission deadline is Oct. 11, and submissions must be made through the FLC portal.

Universities search for new funding to make up for decreasing state aid; long-term impacts unknown

The state of Alaska is in the midst of a funding crisis that could devastate the viability of the University of Alaska, and recent research from a National Bureau of Economic Research (NBER) working paper shows that the loss of funding could have long-term impacts for the system. While highly ranked research universities have been able to adapt to declining subsidies by raising tuition, attracting out-of-state and international students, and sometimes raising funding from philanthropic sources, public universities outside of this top tier have not been able to replace lost dollars, say the paper’s authors.

Useful Stats: NIH Awards by State, 2009-2018

As the largest public funder of biomedical research in the world, NIH awards are of particular importance to the technology-based economic development community. Including new data for FY 2017 and FY 2018, this edition of Useful Stats serves as an update to an August 2017 article highlighting NIH awards by state over the past decade. In FY 2018, NIH awarded a total of $28.3 billion in funds to the 50 states and territories. Of the total amount awarded in 2018, slightly less than two thirds (65.3 percent) went to the top 10 states. This share is slightly lower than in 2017 (65.6 percent), the same as in 2014 (65.3 percent) and slightly higher than in 2009 (66.1 percent).