SSTI Digest

Gov. Gavin Newson of California announced that the state is approved for $1.1 billion of funding from the State Small Business Credit Initiative (SSBCI), which represents the largest funding amount that has been approved in the SSBCI program. The funding will support the launch of a new $200 million venture capital program and and will help fund small business credit support programs. The allocated amount will be equally split between the California Infrastructure and Economic Development Bank (IBank) and the California Pollution Control Financing Authority. In addition to small business loan guarantees, IBank is expected to use approximately $200 million of its SSBCI funds for a new venture capital program, which is designed to create a more inclusive venture capital ecosystem by supporting underrepresented venture capital managers; investing in underrepresented entrepreneurs and business owners; investing in geographic areas that are socio-economically disadvantaged or that receive very limited venture capital funding; and, promoting climate equity and climate justice.   According to the U.S. Department of the …

The Baldrige Performance Excellence Program at NIST recently released the Job Quality Toolkit which outlines eight “drivers of job quality.” The toolkit aims to enhance the discussion around job quality, becoming an “actionable tool… to improve the quality of every job,” which will improve employee recruitment and retention. The authors note that by identifying the core drivers of job quality, employers can increase levels of satisfaction and engagement, leading to improved performance, productivity, and revenues. However, they caution these drivers should not be treated as a checklist, as some strategies and/or actions will not be applicable to all organizations. Even organizations with high levels of perceived job quality can benefit from the toolkit, as the drivers are intended to be routinely reviewed to ensure workplaces are keeping up with the dynamic needs of their employees. The Job Quality Toolkit was produced by the Baldrige Performance Excellence Program in partnership with the U.S. Department of Labor and approximately 60 industry representatives. The drivers of job quality were developed after a robust literature review on both domestic and…

The White House announced a new Office on Clean Energy Innovation and Implementation to coordinate the policymaking process for the energy and infrastructure provisions of the Inflation Reduction Act of 2022, legislation that has been called the single biggest climate investment in U.S. history. The executive order also established a National Climate Task Force that will be chaired by the head of the new office and consist of the heads of a number of agencies, offices and departments. Among the goals of the act are revitalizing American manufacturing by investing in domestic clean energy supply chains. It is also expected to promote the construction of clean energy generation, storage, and transmission, achieve breakthroughs in clean energy and climate technologies, expand research, and accelerate clean energy innovation and deployment.

The U.S. Department of Energy (DOE) announced $540 million in awards for research into clean energy technologies and low-carbon manufacturing at 54 universities and 11 national laboratories. More than $400 million will go to the latest round of Energy Frontier Research Centers, which includes 43 new and continuing centers. Managed by the Office of Science’s Basic Energy Science program, the four-year awards will support research at over 100 institutions and addresses a broad spectrum of scientific challenges. The projects will study everything from energy storage to quantum information science. Since the program launched in 2009, it has funded 88 centers.   Additionally, 53 projects led by researchers at 33 universities and 11 national laboratories will receive a combined $140 million through the chemical and materials sciences to advance clean energy technologies and low-carbon manufacturing funding opportunity. The funding will go toward research for more efficient energy production technologies such as direct air capture and carbon storage and sequestration. SSTI is pleased to recognize several members among the 43 EFRCs, including: …

Gov. Tom Wolf awarded $246.8 million to Pennsylvania local economic development partners through the State Small Business Credit Initiative (SSBCI) this week. The money is expected to help small, socially and economically disadvantaged businesses grow. The Pennsylvania Department of community and Economic Development (DCED) will distribute the funds to partners who will administer the funding to qualifying businesses. The funding is divided between the Direct Venture Investment program ($123 million), which provides funding to economic development organizations that disburse it as seed and later-stage capital for companies, and the Revolving Loan fund program ($123.8 million), which provides funding to economic development organizations to create or capitalize loan funds to support small businesses. LifeX Greenhouses, Inc., based in Pittsburgh, took over one of the state’s three Life Sciences Greenhouse designations in late July and was awarded $14.76 million through the Direct Venture Investment funding. Other economic development organizations that were awarded funds through that program include: Ben Franklin Technology Partners Central & Northern…

Recent findings from a study titled The Death of Downtown? Pandemic Recovery Trajectories across 62 North American Cities, conducted by a group of six researchers at the University of California’s Berkeley campus's Institute of Governmental Studies found that U.S. and Canadian downtowns are recovering from COVID-19 related setbacks at much slower rates than the “rest of the city,” and many downtown areas are still seeing less visits than pre-pandemic levels. To determine the exact bounds of each cities’ downtown area, as well as the number of mobile phone devices (the measure of activity levels), the researchers used data from SafeGraph's Patterns dataset. This dataset includes aggregated and anonymized data of activity levels to points of interest (POIs), which was further broken down by the researchers into data for each of the studied downtown areas. Data was used to calculate a “Recovery Quotient” or RQ by dividing the most recent device count (March 2022 to May 2022) over the device count from pre-pandemic data (March 2019 to May 2019). An RQ of less than 100 means that there is less activity now than there was pre-pandemic, an RQ of 100 means the activity levels…

Taking what Gov. Mike Parson called a “bold step to support high-tech entrepreneurship, innovation and growth,” the Missouri Technology Corporation (MTC) released an Implementation Plan built off an earlier strategic plan (Catalyzing Innovation Report) designed to build the state’s innovation and entrepreneurship ecosystems. A key element in the implementation plan is the creation of a $17 million grant program to expand entrepreneurial capacity, with $8.5 million of that funded through MTC’s FY 2023 general revenue appropriation and a match of $8.5 million through the IDEA Fund Co-Investment Program’s venture capital activities. The Implementation Plan outlines how MTC will lead the implementation of some of the strategies and action items recommended in the Catalyzing Innovation Report, and provide support for other items. MTC is also expected to develop, pilot and launch new grant programs to address gaps that were identified in the strategic plan. Those programs are planned to create regional nodes that will allow entrepreneurs direct access to resources in their regions, support physical infrastructure needed for entrepreneurs, and develop a digital…

On the 60th anniversary of President Kennedy's Moonshot Address, President Biden traveled to the John F. Kennedy Presidential Library and Museum to highlight progress toward his administration's Moonshot Program to combat cancer and expand the U.S. bioeconomy. This announcement included Biden's pick for the inaugural director of the Advanced Research Projects Agency for Health (ARPA-H) and the signing of an executive order to institute a National Biotechnology and Biomanufacturing Initiative. The purpose of ARPA-H is to expand equitable health and biomedical research in the United States. The president selected Dr. Renee Wegrzyn as his appointment to become the first Director of ARPA-H. According to a White House press release, Wegrzyn has experience as a leading biomedical scientist at Ginkgo Bioworks and worked in two similar agencies – the Defense Advanced Research Projects Agency (DARPA) and the Intelligence Advanced Research Projects Activity (IARPA). The strategic nature of DARPA and IARPA served as inspiration for the development of ARPA-H, and Wegrzyn is charged with bringing this strategy to the research portfolio of ARPA-H. The president also announced…

States with top-ranking university AI research programs garner a greater number of Phase II AI-related SBIR awards, according to a working paper from the Department of Economics at the University of North Carolina at Greensboro. Researchers there investigated state variations in the distribution of Phase II SBIR research projects focused on artificial intelligence (AI). The authors of the paper hypothesized that the state-by-state variations are related to the presence of a research university with a “Top 10” AI program in each state. Analysis showed that three out of the five states receiving the most funding for AI-related Phase II SBIR projects had a top-ranked AI research university. Although proximity to a top research university may be beneficial to Phase II SBIR applicants with AI-focused projects, it is not the only path to success in capturing SBIR funds. The study of artificial intelligence has grown exponentially in the past four decades. While the study of AI first began in 1955, according to the paper, funding for AI research was minimal until the 1980s, when researchers began expanding machine learning algorithms. Despite the growth of AI-related research…

With President Biden’s signing the CHIPS and Science Act on Aug. 9, states and universities are already making plans to build on the funding opportunities present in the legislation. For example, a group of Midwest colleges and universities has formed a new coalition to support the advanced semiconductor and microelectronics industry as Intel begins construction on a microchip plant in Ohio, and multiple states are positioning themselves to compete for semiconductor manufacturing incentives — as encouraged by Commerce Secretary Gina Raimondo. This article summarizes these early state actions (for recent federal activity, see SSTI’s coverage). In New York, Gov. Kathy Hochul signed the Green CHIPS legislation aimed at creating jobs, kick-starting economic growth and maintaining important environmental protections while making New York a hub for semiconductor manufacturing. Green CHIPS is intended to help New York attract chip manufacturers to the state, generating at least $3 billion investment, creating 500 new jobs per project, and lowering greenhouse gas emissions related to chip production. As part of the legislation, New York will award refundable credits to…

In what is being heralded as one of the most impactful regional economic development initiatives in decades, 21 coalition winners — including three SSTI members as coalition leads — of the $1 billion Build Back Better Regional Challenge have been announced. Each of the awardees will receive between $25 million and $65 million to fund 123 projects designed to advance economies across 24 states. This investment, which will be matched by more than $300 million of local investment, is expected to create a regional economic strategy that is “greater than its parts,” according to the U.S. Economic Development Administration (EDA). Funded by the American Rescue Plan, the winning proposals focus on rebuilding regional economies, promoting inclusive and equitable recovery, and creating good-paying jobs in industries such as clean energy, next-generation manufacturing, and biotechnology. Each of the 21 coalitions names a team lead, and SSTI would like to congratulate its members including Empire State Development Corporation, Invest Nebraska Corporation and North Carolina Biotechnology Center, each of which will serve as a coalition lead, as well as the dozens of other…

The nonprofit research institute, RTI International, has been named the grant winner to coordinate and lead a Community of Practice (CoP) for the Build Back Better Regional Challenge’s 60 finalist coalitions. While the 21 awardees of the challenge will go on to build out their proposed programs, the CoP is intended to build long-term connections among all 60 coalition finalists, which were awarded from 529 applications. SSTI is excited to be a sub-awardee on the CoP working with RTI. The Build Back Better Regional Challenge CoP will work to create inter-regional ties between coalitions and foster collaborative, professional relationships among coalition leaders. RTI’s Sara Lawrence, who has more than 20 years of experience collaborating with a range of partners in the field, will lead a team of subject-matter experts in organizing the CoP.