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$120M Investment Fund Fails in Hawaii Legislature

Monday, May 2, 2005

Efforts to capitalize Hawaii's $120 million State Private Investment Fund (SPIF) collapsed Friday as a joint conference committee of the state legislature could not reconcile differences between House and Senate versions of the measure. Passage of Senate Bill 1695 was one of Gov. Linda Lingle's top economic development priorities for this legislative session.

  • Read more about $120M Investment Fund Fails in Hawaii Legislature

OCAST Report Measures Success in TBED Efforts

Monday, May 2, 2005

States such as Oklahoma must leverage scarce resources if they hope to attract top scientists, stimulate development, and achieve measurable economic impact, says the latest impact report from the Oklahoma Center for the Advancement of Science and Technology (OCAST).

  • Read more about OCAST Report Measures Success in TBED Efforts

Index Reveals South Lags Overall U.S. Workforce

Monday, May 2, 2005

As low-skill, labor intensive jobs are increasingly replaced by technology or outsourced in the emerging knowledge-based economy, a two-tiered labor market has emerged, thus presenting a challenge for workers to either work cheaper or work smarter, says a new report from the Southern Growth Policies Board. Only one of those options is appealing for those trying to improve your standard of living.

  • Read more about Index Reveals South Lags Overall U.S. Workforce

Publisher's Note

Monday, May 2, 2005

During the months of May and June, the SSTI Weekly Digest and Funding Supplement will be published every other week. SSTI staff over the next two months will be completing work on two major projects that require focused concentration. We look forward to resuming the Digest and Funding Supplement on a weekly basis in July. The next issue of the Digest will be May 16.

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Maryland Biotech Origins Outlined in TEDCO, DBED Study

Friday, September 6, 2002

Maryland Lieutenant Governor Kathleen Townsend recently announced the release of Founders of Maryland Bioscience and Medical Instrument Companies, a report on the career pathways taken by founders of biotechnology companies in Maryland.

  • Read more about Maryland Biotech Origins Outlined in TEDCO, DBED Study

University of Wisconsin Takes Patents to San Diego

Friday, September 6, 2002

A public entity setting up a satellite office for promotion and business recruitment is not new. Many state economic development departments have done it for years in foreign countries to encourage international trade. State film promotion boards do it in Hollywood to attract movie projects to their home states.

  • Read more about University of Wisconsin Takes Patents to San Diego

EDA Gives ACET $6.44M Grant

Friday, September 6, 2002

U.S. Commerce Secretary Don Evans has awarded a $6.44 million grant, the largest-ever economic development grant given by the Bush Administration, to Advancing California’s Emerging Technologies (ACET) to expand the Oakland Alameda Bio Tech Incubator to a 40,000-square-foot, state-of-the-art laboratory.

  • Read more about EDA Gives ACET $6.44M Grant

Milken Assesses Manufacturing's Impact for California

Friday, September 6, 2002

Manufacturing is a robust driver of California's economy according to a Manufacturing Matters: California's Performance and Prospects, a new report prepared by the Milken Institute. The analysis was prepared for the California Manufacturing and Technology Association.

  • Read more about Milken Assesses Manufacturing's Impact for California

Summer Opportunities Lure Students Toward Tech Careers

Friday, September 6, 2002

Many efforts to encourage young Americans to pursue careers in science, engineering and manufacturing took advantage of students having the summer off from regular classes. Programs range from one-week science camps to season-long internships and cooperative workstudies. To help other communities begin planning for the end of the 2003 school year, SSTI highlights a few examples from this past summer in this article.

  • Read more about Summer Opportunities Lure Students Toward Tech Careers

Useful Stats: Top 100 Cities for NIH Funding: 2000-2001

Friday, September 6, 2002

In each of the past two years, the National Institutes of Health (NIH) has published a list of the top 100 metro areas based on the total distribution of NIH funds. This year's table breaks down the total number of awards and dollar amounts by type of funding: research grants, training grants, fellowships, R&D contracts, and other awards.

  • Read more about Useful Stats: Top 100 Cities for NIH Funding: 2000-2001

PCAST Calls for More Balance in Federal R&D Investments

Friday, September 6, 2002

At its August 28th meeting, the President's Council of Advisors on Science and Technology (PCAST) approved sending a letter to President Bush urging him to "improve funding levels for physical sciences and certain areas of engineering" as the Administration prepares the FY 2004 federal budget request. The letter also encourages the federal government to establish a graduate fellowship program to attract more students into critical fields of science and engineering.

  • Read more about PCAST Calls for More Balance in Federal R&D Investments

Winston-Salem Plans 10-fold Expansion of Biotech Research Park

Friday, August 30, 2002

North Carolina Gov. Mike Easley was recently joined by Congressional, university, and local and business representatives last week in announcing a 180-acre expansion of Piedmont Triad Research Park in downtown Winston-Salem. The biotech park will include a new research campus for Wake Forest University School of Medicine.

  • Read more about Winston-Salem Plans 10-fold Expansion of Biotech Research Park

Southern Innovation Index Tracks Innovation, Entrepreneurship in South

Friday, August 30, 2002

The Southern Innovation Index, a strategic plan created with the governments of 13 Southern states and Puerto Rico to promote innovation, entrepreneurship and economic growth in the South, has been released by the Southern Growth Policies Board, a bipartisan public policy group based in Research Triangle Park, North Carolina.

  • Read more about Southern Innovation Index Tracks Innovation, Entrepreneurship in South

Biggest TBED Event Still Growing — Early Deadline Looms

Friday, August 30, 2002

The amount of time a technology-based economic development (TBED) professional can spend out of the office for professional development is limited. So are travel funds. That's why SSTI packs so much into its annual conference — already the largest event in the country dedicated to improving state, local and regional TBED efforts.

  • Read more about Biggest TBED Event Still Growing — Early Deadline Looms

Computer Science, Engineering Subject of CRA Survey

Friday, August 30, 2002

Enrollment in graduate-level computer science and computer engineering (CS&CE) programs continued to grow in 2000-01 as the number of new undergraduates majoring in CS&CE declined, according to a survey released earlier this year by the Computing Research Association (CRA).

  • Read more about Computer Science, Engineering Subject of CRA Survey

Useful Stats: Chronicle Releases Annual Almanac of Higher Education

Friday, August 30, 2002

The Chronicle of Higher Education has released online the 2002-3 Almanac of Higher Education, an annual collection of facts and figures about U.S. colleges and universities. Published annually at the end of August, the Almanac includes data on students, professors, administrators, institutions, and their resources, as well as state-by-state profiles of higher education in the U.S.

  • Read more about Useful Stats: Chronicle Releases Annual Almanac of Higher Education

People

Friday, August 30, 2002
  • Jerald Coughter, industry director for biotechnology and medical applications for Virginia’s Center for Innovative Technology (CIT), has been named executive director of Governor Mark R. Warner’s Advisory Board for the Virginia Biotechnology Initiative.
  • Read more about People

People

Friday, August 30, 2002

Jerald Coughter, industry director for biotechnology and medical applications for Virginia’s Center for Innovative Technology (CIT), has been named executive director of Governor Mark R. Warner’s Advisory Board for the Virginia Biotechnology Initiative.

  • Read more about People

People

Friday, August 30, 2002

Ray Gilley, president of Metro Orlando Economic Development Commission, has been appointed chairman of Workforce Florida.

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People

Friday, August 30, 2002

Caroline Young has been named executive director of the Tennessee Biotechnology Association and director of the Tennessee Technology Development Corporation's life science initiative.

  • Read more about People

Stem Cell Research Update: A State-by-State Analysis

Monday, April 25, 2005

While the topic of embryonic stem cell research has been at the forefront of S&T policy since 2001, attention has shifted to the states in the last six months. Last fall, California voters overwhelmingly approved a $3 billion bond issue to support embryonic stem cell research over the next decade.

  • Read more about Stem Cell Research Update: A State-by-State Analysis

Ontario Launches Youth Entrepreneurship Program

Monday, April 25, 2005

Recognizing the economic benefits of engaging young people in science and technology, Ontario's McGuinty government recently launched the Youth Science and Technology Outreach Program. The new program links high school students with researchers to support in-depth mentorship experience and postsecondary career advice.

  • Read more about Ontario Launches Youth Entrepreneurship Program

Transportation Outlines Research, Development & Technology Priorities

Monday, April 25, 2005

The Research and Innovative Technology Administration (RITA) of the U.S. Department of Transportation (DOT) recently released Research Activities of the Department of Transportation: A Report to Congress, identifying DOT’s current and projected research, development and technology priorities.

  • Read more about Transportation Outlines Research, Development & Technology Priorities

SBA Releases Regional Entrepreneurship Index

Monday, April 25, 2005

Glenwood Springs, Colo., is the nation’s most entrepreneurial region, according to a study recently released by the U.S. Small Business Administration's Office of Advocacy and the Edward Lowe Foundation. The region's ranking is based on the Regional Entrepreneurship Index, a measure intended to standardize assessment of entrepreneurship within and across regions.

  • Read more about SBA Releases Regional Entrepreneurship Index

Useful Stats: SBIR Awards, Proposals by State for FY 2004

Monday, April 25, 2005

The Small Business Administration (SBA) is anticipated to release its latest summary statistics for Small Business Innovation Research (SBIR) awards soon. Unfortunately, the data typically do not include proposal figures, a useful measure of the general effectiveness or need for SBIR technical assistance and outreach in any given state. For several years, the Useful Stats column of the SSTI Weekly Digest has attempted to rectify this omission and FY 2004 is no exception.

  • Read more about Useful Stats: SBIR Awards, Proposals by State for FY 2004

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Recent news from the SSTI Digest

Recent Research: What makes place-based economic development policies work?

Wednesday, September 9, 2026
Place-based economic development is back near the center of federal policy, from Opportunity Zones to the CHIPS and Science Act. That renewed attention comes with a familiar problem: decades of enterprise zones, tax incentives, infrastructure investments, and other geographically targeted programs have produced results that are hard to summarize cleanly. In a new NBER working paper, Matthew Freedman and David Neumark ask the better question: not simply whether or not these policies work, but under what conditions they might work, for whom, and why. Their review points to a practical conclusion: policy design matters and targeting a distressed community with development-focused financial incentives is rarely enough on its own.
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A BBBRC grant builds momentum for a highly trained semiconductor workforce

Wednesday, September 9, 2026
For the civic leaders of Osceola County, the Great Recession of 2008 made clear that they could not base their economy so heavily on travel and tourism. By the time COVID-19 hit in 2020, they knew the steps they had taken to diversify their economy were the right ones. When the Build Back Better Regional Challenge (BBBRC) opportunity arose in 2021, the county and its partners were well-positioned to operationalize the benefits the grant presented to the region and create a trained workforce for a recently attracted semiconductor industry. How did Osceola County get here? There are potential approaches to emulate by more areas of the county dependent on low-wage sectors like tourism or, for that matter, extraction-focused regions subject to “boom and bust.” 
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The impact of tax incentives on early-stage company investment varies

Wednesday, September 9, 2026
One persistent question in economic development policy is how incentives impact private sector investment decisions. Recent and ongoing research from Murillo Campello and Guilherme Junqueira of the University of Florida, published in the National Bureau of Economic Research working paper series, explores the impact of the Qualified Small Business Stock (QSBS) program on venture capital risk-taking. The researchers found that the availability of QSBS tax benefits strongly influences venture capital investment behavior, specifically in traditionally structured venture capital funds. They also found no similar behavior among angel or corporate investors, an insight that may hold important program design and policy lessons for the TBED community. 
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