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Pre-pandemic stress test already showed warning signs for more than 500 colleges and universities

More than 500 colleges and universities nationwide showed warning signs in a stress test that was conducted before the pandemic according to a new series of reports by the Hechinger Report and NBC News. Declining enrollment and decreased state government support had left dozens of universities under financial stress. With the added pressures of the coronavirus pandemic, “the fabric of American higher education as become even more strained,” the report says.

The Hechinger Report created a financial fitness tracker examining key metrics including enrollment, tuition revenue, public funding and endowment health among 2,662 schools that were included in the analysis. In addition to the more than 500 schools that showed warning signs in two or more metrics, the analysis found an uneven distribution of problems with Ohio and Illinois combined having more than 10 percent of all the institutions potentially facing trouble.

Higher ed playing outsize role in rural economies

The importance of higher education institutions in helping rural communities build innovation-based ecosystems has been detailed in a report released by the Center on Rural Innovation. Higher Ed’s Key Role In Rural Innovation Ecosystems profiles 10 colleges and universities that have been engaged in their area’s innovation environment and explores what techniques each institution has found most useful in building that ecosystem.

While each college and university has a different roadmap toward building their area’s innovation environment, the Center on Rural Innovation found four primary categories that play an important part in higher ed’s contributions to building rural innovation and tech-based ecosystems:

Tech seeking to address diversity, gender challenge

A leading technology association has stepped up to positively impact tech diversity and inclusion through a new challenge that aims to double the percentage of the state’s Black and Latinx tech workers — currently at 5 and 7 percent respectively — by the end of the decade. The Mass Technology Leadership Council (MassTLC) launched a 2030 Challenge earlier this week that also will continue to work towards gender parity in the state’s tech workforce.

Cities failing non-college workers

Non-college workers who long found refuge and economic mobility in thriving cities have seen those opportunities diminish and in turn have moved out of the areas. Although cities remain vibrant for workers with advanced degrees, “the urban skills and earnings escalator for non-college workers has lost its ability to lift workers up the income ladder,” finds David Autor in his recent research brief. The Faltering Escalator of Urban Opportunity highlights this troubling trend plaguing cities since 1980 and posits some policy prescriptions to try to combat the negative trends. Additionally, Autor cautions that the present COVID-19 crisis could exacerbate the challenges afflicting non-college workers in U.S. cities.

NGA offers roadmap for state leaders to build a resilient workforce

After more than a year of research and facing greater disruption to the workforce than imagined at the outset, the National Governors Association (NGA) has released a guide for governors and state policymakers to help build a technologically resilient workforce. Written before the COVID-19 outbreak, the authors of the report attest that trends previously identified will only accelerate, and thus there is even greater urgency for policy transformations that should be implemented as part of a system wide, resilient education and workforce development agenda.

Useful Stats: State business R&D investment (1999-2017)

While business investments towards research and development have varied among states, the overall trend throughout the country has been a positive one. Business R&D funding has weathered two recessions over the past 20 years, with many states seeing investments grow beyond their pre-recession levels. While the scope of COVID-19’s economic impact continues to grow, business R&D investment has shown a strong history of recovering from, and building beyond, national financial downturns.

$1.5 million awarded through Kauffman Heartland Challenge

The Kauffman Foundation has announced 17 organizations will share the $1.5 million in funding allocated through their Heartland Challenge. These grantees will work to solve specific challenges entrepreneurs in the heartland region — comprised of Missouri, Iowa, Nebraska, and Kansas — face, and will participate in facilitated, peer-learning communities of practice to share knowledge across the region.

House probes role of innovation in clean energy

A recent hearing by the House science committee provided several experts, including Lee Cheatham from SSTI-member Pacific Northwest National Laboratory, an opportunity to discuss the importance of science and innovation to achieving a “clean energy future.” Comments by the panelists largely focused on the value of public-private partnerships, such as those modeled through SBIR/STTR, prize competitions, and joint research at national labs, to developing innovations that can be transformed by new and established companies into new products and jobs.

Exactly 21 years after first Digest story, GAO and FCC still talking about digital divide

Exactly 21 years after the SSTI Weekly Digest ran its first story on the digital divide, a recent report by the Government Accountability Office confirms what inestimable studies before it have reported: access to broadband has expanded, but significant shortcomings in broadband still exist. Meanwhile, the Federal Communications Commission has issued new rules to improve collection and mapping of broadband availability. The commission is also seeking comments on proposals to ensure the accuracy of the new broadband coverage maps.

Experts examine challenges facing research universities

In an hours-long virtual workshop that could have covered days, the presidents of the National Academies of Sciences, Engineering, and Medicine and leaders from government, academia, and publishing explored key questions the research enterprise must address to build a more effective and resilient 21st century research university. Facing challenges that may have long been present but have been exacerbated and accelerated by the COVID-19 crisis, the leaders began exploring questions that could help research universities rebound to a better place than the pre-pandemic status quo.

Must read: The economic impact of access to higher ed

At a time when higher education is facing some of its greatest challenges, its value both for individuals and for states is reinforced through the findings of a recent working paper from the National Bureau of Economic Research. In “The Economic Impact of Access to Public Four-Year Colleges,” Jonathan Smith et al. show through an examination of the University System of Georgia that access to public higher education leads to “substantial economic benefits for the marginal student,” and that the state roughly breaks even on its initial investment after 10 years. Although other studies have provided descriptive evidence that identify colleges as catalysts for economic mobility, the authors looked for causal evidence of the linkage and employ a novel approach through credit bureau data.

Innovation impacts of nation’s colleges and universities examined

A new report released by the George W. Bush Institute has measured the impact that innovation research at U.S. universities and research institutions has had on the country’s economic development. The report, The Innovation Impact of U.S. Universities: Rankings and Policy Conclusions, examines and ranks institutions on four primary impact categories: commercialization, entrepreneurship, research, and teaching. These four categories, along side each institution’s total research spending, contributed to the Bush Institute’s rankings, finding that the top 10 universities for innovation impact were: