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Commerce Department to Have New Deputy Secretary

Monday, April 4, 2005

The U.S. Department of Commerce announced Friday that President Bush intends to nominate David Sampson as Deputy Secretary for the agency. If confirmed, Dr. Sampson will succeed Theodore Kassinger, who will resign effective April 30, 2005.

Prior to becoming Deputy Secretary, Mr. Kassinger served as General Counsel from 2001 to 2004. Mr. Kassinger has served as Deputy Secretary since July 2004.

  • Read more about Commerce Department to Have New Deputy Secretary

Technology Indices Measure Vitality of Regional Technology Sectors

Monday, April 4, 2005

Two organizations with seemingly the same goal in mind recently released statistics on the health of their region's technology sectors. Relying on different methods, the Pittsburgh Technology Council (PTC) and the Sacramento Area Regional Technology Alliance (SARTA) both analyze and report the impact of technology clusters on the local economy.

  • Read more about Technology Indices Measure Vitality of Regional Technology Sectors

Arkansas Nanotech Alliance Formed

Monday, April 4, 2005

The source of eadership on specific state tech-based economic development activities greatly influences the design and effectiveness of the effort. It remains to be seen then how the recently launched Arkansas Nanotechnology Alliance evolves locally as its direction originates from the nation's capital.

  • Read more about Arkansas Nanotech Alliance Formed

Recent Research: Will Operating Costs Drive Future Biotech Location Decisions?

Monday, April 4, 2005

There are several factors that go into location decisions for biomedical firms. Proximity to strong university research capacity, other biotech businesses, and technically competent workers are all important considerations. With the financial investments many states and localities are making toward the life sciences, however, the field of prospective locations for successfully launching a biotech firm has grown considerably larger than the "usual suspects."

  • Read more about Recent Research: Will Operating Costs Drive Future Biotech Location Decisions?

TBED Efforts to Double Size of Western Carolina University

Monday, April 4, 2005

Western Carolina University (WCU) Chancellor John Bardo recently unveiled plans for a comprehensive regional economic development strategy that would more than double the size of the campus and promote university-industry partnerships.

  • Read more about TBED Efforts to Double Size of Western Carolina University

Recent Research: Local Factors Influencing Tech Commercialization

Monday, April 4, 2005

What are the factors of commercial success? As they say in real estate: location, location, location.

So what makes a good location for commercializing innovation? Innovative ideas clearly thrive where R&D spending flows and local patent activity exists. But, do R&D dollars and level of patents also indicate locations for tech transfer?

  • Read more about Recent Research: Local Factors Influencing Tech Commercialization

Useful Stats: Change in Per Capita Income by State: 1999-2004

Monday, April 4, 2005

The U.S. Bureau of Economic Analysis (BEA) recently released its preliminary 2004 figures for per capita income, revealing average income received by persons grew by 4.7 percent between 2003 and 2004. The change in income was not evenly distributed across the country.

  • Read more about Useful Stats: Change in Per Capita Income by State: 1999-2004

Digest Takes Spring Break

Monday, April 4, 2005

The SSTI Weekly Digest will take its annual spring vacation next week. Publication of the Digest and Funding Supplement will resume with the April 18 issue.

  • Read more about Digest Takes Spring Break

Premier Conference on Building Tech-Based Economies Opens Registration

Friday, August 2, 2002

With more than 30 sessions and keynote addresses by Michigan Governor John Engler and U.S. Assistant Secretary of Commerce for Economic Development David Sampson, SSTI's Sixth Annual Conference promises to be the year's best and most comprehensive conference on tech-based economic development. Building Tech-Based Economies: From Policy to Practice will be held October 2-3, 2002 in Dearborn, Michigan, with pre-conference activities on October 1.

  • Read more about Premier Conference on Building Tech-Based Economies Opens Registration

NY Offers Grants To Recruit Retain Biotech Faculty

Friday, August 2, 2002

Earlier this week, New York Governor George E. Pataki and NY Senate Majority Leader Joseph L. Bruno unveiled a new funding program designed to recognize and support outstanding scientists and engineers who, early in their careers, show potential for leadership and scientific discovery in the field of biotechnology.

  • Read more about NY Offers Grants To Recruit Retain Biotech Faculty

Northwest Research Institute for Bioproducts, Bioenergy Formed

Friday, August 2, 2002

Two Department of Energy national laboratories and two land-grant universities announced on July 17 that they will work together to form a new research institute for the production of energy and industrial products from biomass resources. The new Northwest Bioproducts Research Institute will combine the talents of DOE's Pacific Northwest National Laboratory, DOE's Idaho National Engineering and Environmental Laboratory, Washington State University, and the University of Idaho.

  • Read more about Northwest Research Institute for Bioproducts, Bioenergy Formed

MBDA Launches Minority Entrepreneurship VC Initiative

Friday, August 2, 2002

On July 2, the U.S. Commerce Department’s Minority Business Development Agency (MBDA) and the Emerging Venture Network (EVN) launched the MBDA Equity Capital Access (MECA) Program to increase minority entrepreneurs access to capital.

MBDA hopes the initiative will help address the fact that minority firms receive only two percent of all private equity.

  • Read more about MBDA Launches Minority Entrepreneurship VC Initiative

Competition Best For Broadband?

Friday, August 2, 2002

“Failure to improve broadband performance could reduce U.S. productivity by 1 percent per year or more,” concludes Charles H. Ferguson in a recent Brookings Institution policy brief. The July brief addresses the pace of broadband deployment and development in the U.S. and makes several recommendations to further progress.

  • Read more about Competition Best For Broadband?

NCSC Offers TBED Resources

Friday, August 2, 2002

The National Center for Small Communities (NCSC) has two new free or low-cost resources for small town leaders and rural development practitioners. Based in Washington, D.C., NCSC conducts research, training and technical assistance to benefit the leaders of U.S. small communities.

  • Read more about NCSC Offers TBED Resources

TBED RoundUp

Friday, August 2, 2002

Columbus Tech Councils Merge

  • Read more about TBED RoundUp

Recent GAO reports on TBED Issues

Friday, August 2, 2002

Several recent reports and testimonies by the United States General Accounting Office (GAO) address issues of importance to many state and local technology-based economic development initiatives. Highlights of six are provided below. The full reports and testimonies can be found at http://www.gao.gov/.

  • Read more about Recent GAO reports on TBED Issues

Final Chance for Warm Fuzzy

Friday, August 2, 2002

You know that feeling you get when you've done something nice for no apparent reason? Or at least the grounds for being good are hidden so deeply within you that you aren't aware of the potential payoff?

Well, the annual readers' survey for the SSTI Weekly Digest presents another one of those opportunities to ignite or rekindle that warm inner glow that made the Grinch's heart grow three sizes that day.

  • Read more about Final Chance for Warm Fuzzy

States' Combined FY 2003 Budget Shortfall Forecast: $58 Billion

Friday, July 26, 2002

State fiscal conditions continue to deteriorate dramatically, according to a report released Wednesday at the 2002 Annual Meeting of the National Conference of State Legislatures (NCSL).

  • Read more about States' Combined FY 2003 Budget Shortfall Forecast: $58 Billion

Vermont Passes Tax Credits, Examines High Tech Impact

Friday, July 26, 2002

Vermont’s high-tech businesses now can take advantage of new tax credits with Governor Howard Dean, M.D.’s signature on H. 239. The bill creates a set of five incentives for high-tech businesses in industries including computer hardware or software, information and communications, microelectronics, semiconductors, digital communications, medical devices, energy technologies and electric vehicles.

  • Read more about Vermont Passes Tax Credits, Examines High Tech Impact

NSF Finds R&D Concentration Continues in Top States

Friday, July 26, 2002

The 20 states with the least total R&D expenditures increased their share of the total pot in 1999 to 5 percent, according to the National Science Foundation's (NSF) latest InfoBrief. In 1998, NSF found the lowest 20 states captured only 4 percent of the nation's R&D investment.

  • Read more about NSF Finds R&D Concentration Continues in Top States

A 30-year Look At Support for Academic R&D

Friday, July 26, 2002

The importance of strong academic R&D capabilities in building state and regional tech-based economies cannot be overstated. Subsequently most states, either independently or in partnership with federal EPSCoR programs, are making investments toward strengthening their academic research enterprises. Some also have invested in programs to attract, leverage or match federal R&D investments.

  • Read more about A 30-year Look At Support for Academic R&D

Upstate NY Coalition Promotes TBED

Friday, July 26, 2002

While Albany securing Sematech North has captured national attention in the TBED community for the past week, area leaders have been working for more than a year to forge a partnership toward regional technology-based economic development. That effort came to fruition in June when leaders of the Albany-Colonie Regional, Rensselaer County Regional and Schenectady County Chambers of Commerce announced the formation of the Tech Valley Chamber Coalition.

  • Read more about Upstate NY Coalition Promotes TBED

Useful Stats: USDA and DOD 02.1 SBIR Phase I Awards/Proposals

Friday, July 26, 2002

The Department of Agriculture (USDA) and the Department of Defense (DOD) recently posted the abstracts for award selections from the FY 2002 Small Business Innovation Research (SBIR) Phase I solicitations. For DOD, abstracts are for 02.1, the first solicitation of the fiscal year.

  • Read more about Useful Stats: USDA and DOD 02.1 SBIR Phase I Awards/Proposals

CATI Groundbreaking Held in Racine, WI

Friday, July 26, 2002

The Center for Advanced Technology and Innovation (CATI) Partnership Board and the Gateway Technical College Board of Directors recently held a groundbreaking to begin construction of the new 40,000-square-foot facility located in Sturtevant’s Renaissance Park.

  • Read more about CATI Groundbreaking Held in Racine, WI

Howard Hughes Medical Institute Distributes $80M for Bio Ed

Friday, July 26, 2002

Forty-four research universities in 28 states and the District of Columbia will receive $80 million from Howard Hughes Medical Institute (HHMI) to help address the challenges of the rapidly changing and increasingly interdisciplinary nature of undergraduate biology education. The grants will support programs that encourage graduate students and postdoctoral fellows to hone their teaching skills in undergraduate courses.

  • Read more about Howard Hughes Medical Institute Distributes $80M for Bio Ed

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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.
economic development

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. 
tax incentives
investing
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