The National Institute of Standards and Technology (NIST) published the revised Bayh-Dole Act rule, “Rights to Federally Funded Inventions and Licensing of Government Owned Inventions,” clarifying procedures and removing outdated references.
This week the Economic Development Administration (EDA) announced it had completed awarding $27.9 million in cooperative agreements to establish eight economic development Communities of Practice, including the Technology-Based Economic Development (TBED) Community of Practice led by SSTI to help build the capacity and disseminate effective technology-based economic development practices across the innovation industry
While the Tax Cuts and Jobs Act of 2017 was passed more than five years ago, many businesses seem to be just discovering the effects of one of its sections this tax season. The law stipulated that, for tax years beginning in 2022, companies could no longer choose to expense their entire “research and experimentation” costs in one year and must instead amortize those cost over five years (with a half year look-back).
As states and local economies tackle an ongoing workforce shortage and a tight labor market, some state legislatures are looking to relax or reform their child labor laws. These proposed changes come as U.S.
The U.S. Department of Treasury and the International Trade Administration within the U.S. Department of Commerce have issued reports considering a program to address national security concerns “arising from outbound investments from the United States into sensitive technologies that could enhance the technological capabilities of countries of concern in ways that threaten U.S.
A new report compiled by The White House Office of Science and Technology Policy (OSTP) outlines a whole-of-government approach to biotechnology and making it a national priority.
After a busy election season that saw gubernatorial elections in 36 states, newly elected and re-elected governors delivered their annual State of the State addresses, kicking off new programs and reviewing the conditions of their states. SSTI reviews the speeches every year and covers news of new developments and initiatives the governors have highlighted as they relate to the innovation economy. New programs are laid out here in the governors own words as excerpts from their State of the State or budget addresses.
The press release for the latest report from the Intergovernmental Panel on Climate Change (IPCC) opens in what has become a tradition for environmental reporting: a dire statistic intended to inspire a desire for action.
This article was edited on April 19th, 2023, to correct for an error in the original data analysis.
Fiscal Year (FY) 2021 saw higher education research and development (R&D) spending increase by a total of $3.43 billion (3.97%) over the prior year — a higher rate of growth than the 10-year average of +3.53% per year — and $23.99 billion (36.51%) over the past 10-years. Using data from the most recent release of the Higher Education Research and Development (HERD) survey, this article will analyze state-level trends on higher education R&D expenditures, revealing the aforementioned increased expenditures, although strong, are barely keeping pace with the nation’s overall economic growth.
The SSTI Innovation Advocacy Council continues to work toward additional appropriations for Regional Technology and Innovation Hubs, Build to Scale, and the Federal and State Technology (FAST) Partnership. This week, the Council facilitated meetings with SSTI members and congressional offices to discuss funding priorities. SSTI also released a letter signed by 70 national and regional entities that support fully-funding the Tech Hubs program.
The idea of changing the 40 hour workweek standard has been floated for decades, and more frequently discussed in recent years as companies confront pandemic-related stress, burnout and the “Great Resignation.” But, even as some smaller U.S. companies (mostly in tech) have moved toward offering a shorter workweek, the idea has not become mainstream, despite some states’ best efforts.
Expanding U.S. innovation capacity sits at the heart of SSTI’s mission, and it was that driving force that guided our response to the Economic Development Administration’s request for information to inform the planning and design of the regional Technology and Innovation Hub (Tech Hubs) program last week. With $10 billion authorized for the program, and $500 million appropriated, the opportunity for growth in the nation demands a thoughtful and actionable plan.
The Advanced Research Projects for Health (ARPA-H) released plans to establish hub sites in three locations across the United States and announced their strategy for site selection.
The White House released the President’s Budget for FY 2024 today, and the administration is making a strong statement of support for science, technology, innovation and entrepreneurship.
Western democracies are losing the race for scientific and research breakthroughs, and the ability to retain global talent, integral ingredients in developing technologies, according to a recent report from the Australian Strategic Policy Institute (ASPI). In the project funded by the U.S.
The U.S. Department of Treasury has announced approval of $635.6 million in State Small Business Credit Initiative (SSBCI) funding for Texas and Washington. The addition of these two states means 48 states and three territories have had their SSBCI programs approved.
Texas
The U.S. Department of Energy’s (DOE) Loan Program Office (LPO) has announced a conditional loan commitment of $2 billion to Redwood Materials for the construction and expansion of a battery materials campus in McCarran, Nevada.
The Biden administration this week took a significant step in its efforts to catalyze expansion and modernization of the U. S. semiconductor industry, with the announcement of how it will begin to deploy $50 billion of funding under the CHIPS and Science Act, with $39 billion of the funding intended for incentives for the construction, expansion, or modernization of commercial facilities for the front- and back-end fabrication of leading-edge, current-generation, and mature-node semiconductors, all with a goal of returning semiconductor manufacturing to the U.S.
Although men and whites still make up the largest share of the science, technology, engineering and math (STEM) workforce, it has been gradually diversifying over the past 10 years, with increased representation of women and underrepresented minorities — that is, Hispanics or Latinos, Blacks or African Americans, and American Indians or Alaska Natives, according to the 2023 biennial report, Diversity and STEM: Women, Minorities, and Persons with Disabilities, from the National Center
In a recent economic brief, Why Are Startups Important for the Economy?, the Federal Reserve Bank of Richmond provides a comprehensive review of the current literature around startups, their impact on productivity and job creation rates, and their significance in the U.S. economy.
In a recent economic brief, Why Are Startups Important for the Economy?, the Federal Reserve Bank of Richmond provides a comprehensive review of the current literature around startups, their impact on productivity and job creation rates, and their significance in the U.S. economy.
The U.S. Department of Treasury has announced its approval of $801.4 million in SSBCI funding for eleven U.S. states and territories: Arkansas, Delaware, Guam, Kentucky, New Jersey, Puerto Rico, Rhode Island, Tennessee, the U.S.
Differences in per capita innovation capacity between urban and rural regions are not as large as previously believed according to a recent working paper from the National Center for Science and Engineering Statistics (NCSES). The study’s conclusions reduce the difference by a factor of three.
This week, Rep. David Cicilline (RI) announced that he will resign his seat in the U.S. House, effective June 1, 2023, to become the president and CEO of the Rhode Island Foundation.
The 2020 pandemic was unique when it came to changes in the labor market. Unlike in previous recessions, most layoffs from the pandemic were temporary. While employment is back to pre-pandemic levels, the recovery has been uneven across states and industries, leaving some states still with a deficit while others have grown past 2019 levels.