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With Connecticut's Budget Passed, Last Nail in 2009 State TBED Merger Proposals

Wednesday, September 16, 2009

This year as states were wrestling with significant deficits, several proposals to consolidate TBED initiatives with other units of government emerged. The most recently decided was in Connecticut, where the General Assembly did not move forward with a plan to merge the state's two primary financing agencies, Connecticut Innovations and the Connecticut Development Authority to form a new Connecticut Economic Innovations Authority. Gov. Jodi Rell had proposed the consolidation.

  • Read more about With Connecticut's Budget Passed, Last Nail in 2009 State TBED Merger Proposals

At Year 5: Ohio's Third Frontier Investments Yielding 10:1 Leverage, 41,000 jobs

Wednesday, September 16, 2009

Halfway through its money and its first decade, Ohio's Third Frontier Initiative has helped generate a $6.6 billion impact for the state, according to an independent assessment released by the Ohio Department of Development (ODOD) on Tuesday. The report also credits the initiative's investments for creating 41,300 jobs within Ohio over the past five years.

  • Read more about At Year 5: Ohio's Third Frontier Investments Yielding 10:1 Leverage, 41,000 jobs

APRA-E Seeks Recommendations for Transformational Energy Projects

Wednesday, September 16, 2009

The Advanced Research Projects Agency - Energy (ARPA-E), housed at the U.S. Department of Energy, has released a Request for Information (RFI) to assist the development of its future funding opportunities and initiatives. Public and stakeholder ideas are needed in two categories:

  • Read more about APRA-E Seeks Recommendations for Transformational Energy Projects

Early Registration Ends Sept. 29 for SSTI's Annual Conference: Seize the Moment!

Wednesday, September 16, 2009

Once again, SSTI's annual conference continues to be the most affordable professional development event of the year for the state, local, and university-based TBED community. Early registration discounts, which knock off $100 from the lowest prices already in the field, will expire Sept 29. Make the smart investment for your TBED program and your career by registering today. More information, including a registration form, is available at: http://www.ssticonference.org

  • Read more about Early Registration Ends Sept. 29 for SSTI's Annual Conference: Seize the Moment!

Argentina, Iran Push TBED Strategies

Wednesday, September 16, 2009

Earlier this month, the Inter-American Development Bank (IDB) approved $750 million in financing over the next five years to Argentina's federal government for the country's Technology Innovation Program.

Argentina's R&D intensity as gauged by the ratio of R&D expenditures to GDP has increased in recent years, from 0.4 in 2003 to 0.51 in 2007. However, compared to a R&D intensity of 2.3 percent of GDP for OCED countries, Argentina lags considerably behind.

  • Read more about Argentina, Iran Push TBED Strategies

Army Joins the Federal Hunt for Innovative 'Apps'

Wednesday, September 16, 2009

The United States Army has unveiled a new competition to foster the development of software and services that will be of use to the military. Apps for the Army would help speed the development process for Defense IT projects by providing an incentive for the military community to participate in creating innovative applications. Officials say that the program will help tap into the work already being done by military personnel to design software that is tailored to the demands of the battlefield.

  • Read more about Army Joins the Federal Hunt for Innovative 'Apps'

TBED People and Organizations

Wednesday, September 16, 2009

President Obama has named Ron Bloom as the administration's senior counselor for manufacturing policy. Since, February, Bloom has been a senior adviser to Treasury Secretary Timothy Geithner, and he sits on the president's automotive industry task force.

  • Read more about TBED People and Organizations

Recession Aftermath: States Unveil Long-Term Plans to Boost Economy

Wednesday, September 23, 2009

The national recession that began at the end of 2007 is "very likely over," according to Federal Reserve Chairman Ben Bernanke. Recovery, however, may be a long way off. Because states were affected differently by the economic downturn in both timing and impact, recovery for state and local economies is likely to occur at different times. Moody's Economy.com predicts, according to an MSNBC article, that job growth will return first in five states: Colorado, Idaho, Oregon, Texas, and Washington.

  • Read more about Recession Aftermath: States Unveil Long-Term Plans to Boost Economy

President Obama Outlines National Innovation Strategy

Wednesday, September 23, 2009

The Obama administration's interest in directing more federal support to innovation and research was evident very early in the President's first weeks in office with more than $100 billion of the Recovery Act funding going toward innovation, education and research infrastructure. Earlier this week, the National Economic Council and Office of Science & Technology Policy released a brief report presenting the guiding principles and priorities for the administration's innovation agenda.

  • Read more about President Obama Outlines National Innovation Strategy

Report Says Growth of Venture-Backed Companies Outpaces Overall Economy

Wednesday, September 23, 2009

Companies backed by venture capital grew their revenue and employment numbers at a much higher rate than other businesses in recent years, according to a report from the National Venture Capital Association (NVCA). Between 2006 and 2008, revenue at U.S. venture-backed companies increased by 5.3 percent, while total U.S. business revenues grew by only 3.5 percent. Employment at venture-backed companies grew by 1.6 percent during that same period, compared to 0.2 percent in the overall U.S. private sector. Last year, venture-backed companies accounted for 11 percent of U.S.

  • Read more about Report Says Growth of Venture-Backed Companies Outpaces Overall Economy

Brookings: "Stark" Differences in Performance for Largest 100 U.S. Metros by Mid-2009

Wednesday, September 23, 2009

The differences in economic performance among the metropolitan areas with the largest populations are vast, as a few metros already are emerging from the recession and others are in danger of being left behind, according to a recent brief by the Brookings Institution. To be issued every quarter, last week's MetroMonitor: Tracking Economic Recession and Recovery in America's 100 Largest Metropolitan Areas examines changes in employment, unemployment rate, gross metro product (GMP), housing prices and foreclosed properties through the end of June 2009.

  • Read more about Brookings: "Stark" Differences in Performance for Largest 100 U.S. Metros by Mid-2009

Nominations Are Now Open For Southern Growth's Innovator Awards

Wednesday, September 23, 2009

Each year, Southern Growth Policies Board honors Southern initiatives that are improving economic opportunities and quality of life in the region. The 2010 Innovator Awards will be chosen from creative initiatives in the region that aim to help communities recover from the recession. Innovator Awards are presented annually to one organization in each of Southern Growth's 13 member states, and winners are recognized at Southern Growth's Annual Conference. The deadline for nominations is Nov 6.

  • Read more about Nominations Are Now Open For Southern Growth's Innovator Awards

Useful Stats: Is the U.S. Becoming Less Innovative? Patents per Employee Drop

Wednesday, September 23, 2009

The number of U.S. patents per employee decreased in 43 states from 2003 to 2007, as patents per employee for the U.S. as a whole declined by 10.3 percent over the same five-year period. To track this metric, SSTI has prepared a table calculating the number of patents issued by the U.S. Patent and Trademark Office (USPTO) per 100,000 employees for each state. The table also displays the relative ranking of each state from 2003 to 2007, as well as each state's five-year percent change.

  • Read more about Useful Stats: Is the U.S. Becoming Less Innovative? Patents per Employee Drop

SSTI Job Corner

Wednesday, September 23, 2009

Complete descriptions of these opportunities are available at: http://www.ssti.org/posting.htm.

  • Read more about SSTI Job Corner

Commerce Creating Office of Innovation and Entrepreneurship, Advisory Council

Friday, September 25, 2009

U.S. Commerce Secretary Gary Locke announced Thursday his plans to create a new Office of Innovation and Entrepreneurship within the Department of Commerce and launch a National Advisory Council on Innovation and Entrepreneurship. Both new initiatives will help leverage the entire federal government on behalf of promoting entrepreneurship in America. The new office is expected to announce additional initiatives in the coming months.

  • Read more about Commerce Creating Office of Innovation and Entrepreneurship, Advisory Council

Forging a Stronger Partnership with the Federal Government for Regional Tech-based Economic Development

Friday, September 25, 2009

The opportunities for improving the partnership your TBED effort has with the federal government appear to be improving rapidly. Are you ready? Is the TBED community ready? SSTI's Annual Conference theme, Seize the Moment, was developed around this growing momentum. Timely and highly interactive plenary sessions, 16 intensive breakout sessions and some of the most forward-thinking TBED practitioners and policymakers will be on hand with hundreds of your peers at SSTI's Annual Conference, Oct 21-23. Shouldn't you be there?

  • Read more about Forging a Stronger Partnership with the Federal Government for Regional Tech-based Economic Development

EDA Appropriations up $20 Million for FY10

Wednesday, December 16, 2009

Congressional conferees on the FY10 Consolidated Appropriations Act picked the higher funding level between the House and Senate versions of the FY10 budget on many line items of interest to the TBED community. Despite its high-wage job potential, direct support for innovation-based regional growth strategies is not as easy to come by in the federal budget as is money for conventional economic development/infrastructure projects.

  • Read more about EDA Appropriations up $20 Million for FY10

Nearly $200 Million Appropriated for MEP and TIP

Wednesday, December 16, 2009

The FY10 Consolidated Appropriations Act that passed Congress during the past week includes $124.7 million for the Manufacturing Extension Partnership (MEP) and $69.9 million for the Technology Innovation Partnership (TIP). Both initiatives are within the National Institute of Standards & Technology. MEP is a nationwide network of centers that strives to make U.S. manufacturers leaner, more competitive and more innovative.

  • Read more about Nearly $200 Million Appropriated for MEP and TIP

$2 Million for FAST in SBA Budget

Wednesday, December 16, 2009

The program has not been authorized yet, but that did not stop Congress from including $2 million in the FY10 Consolidated Appropriations Act for the Federal and State Technology Partnership Program (FAST). The funding, tucked in one sentence of the conference report for the Small Business Administration appropriations, will provide grants to state-based SBIR/STTR outreach and assistance programs on a competitive basis. Enabling legislation for FAST is contained in SBIR’s Reauthorization, which has been stalled in contentious conference negotiations for several months.

  • Read more about $2 Million for FAST in SBA Budget

AK Gov’s Capital Budget Includes $109.5M for Life Sciences Facility

Wednesday, December 16, 2009

To help train future scientists and support cutting-edge research in health and environmental issues, Alaska Gov. Sean Parnell is recommending $109.5 million in the FY11 capital budget for the University of Alaska Life Sciences Facility in Fairbanks. The multi-purpose teaching and research facility would house the Department of Biology and Wildlife and accommodate a wide-range of research programs, reports Fairbanks Daily News-Miner.

  • Read more about AK Gov’s Capital Budget Includes $109.5M for Life Sciences Facility

SD Gov Asks Lawmakers to Fund Research Priorities in FY11

Wednesday, December 16, 2009

To keep alive the underground deep science laboratory, a National Science Foundation (NSF) research priority for scientific discovery in geophysics, Gov. Mike Rounds is asking lawmakers to approve $5.4 million in special appropriations for bridge funding through May 2011. During his budget presentation to the legislature last week, Gov. Rounds told lawmakers the $35 million allocated toward the effort in 2004 and 2005 would run out this month and $250 million in anticipated NSF funding would not be available until 2011.

  • Read more about SD Gov Asks Lawmakers to Fund Research Priorities in FY11

Industry Exacts Price to Keep Idaho Ag Research Centers Open

Wednesday, December 16, 2009

Three University of Idaho agricultural research and extension centers slated for possible closure this month due to budget cuts will remain open through June following monetary pledges from industry groups. Last week, the state Board of Education accepted a $1.5 million offer from the J.R. Simplot Co. allowing the Parma Extension and Research Center to remain open for the next five years in return for up to half of the center’s 100 acres of cropland and other facilities for the company’s own research, reports The Idaho Statesman.

  • Read more about Industry Exacts Price to Keep Idaho Ag Research Centers Open

Patent Office Pilot Program to Speed Reviews of Green Tech Patents

Wednesday, December 16, 2009

In an effort to spur greentech innovation, the U.S. Patent and Trademark Office has announced that the next 3,000 green technology patent filings will be eligible for an accelerated review process. About 25,000 pending applications will also be eligible for the pilot program, which could shave as much as a year off the process. Read more at: http://www.uspto.gov/news/pr/2009/09_33.jsp.

  • Read more about Patent Office Pilot Program to Speed Reviews of Green Tech Patents

NGA Issues Primer on Increasing College Graduation Rates

Wednesday, December 16, 2009

Recent college graduates may be thinking otherwise as their unemployment rate is twice what it was two years ago, but &#quot;nearly 75 percent of future jobs will require a postsecondary degree or certificate,&#quot; according to Increasing College Success: A Road Map for Governors. The 14-page issue brief by the National Governors Association outlines four steps states can take to help improve the nation’s international ranking of 12th in college success rates.

  • Read more about NGA Issues Primer on Increasing College Graduation Rates

Job Corner

Wednesday, December 16, 2009

The Kansas Bioscience Authority - Heartland Bio Ventures, and the Kansas Technology Enterprise Corporation are jointly recruiting for a federal research funding specialist.

  • Read more about Job Corner

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Recent news from SSTI Weekly Digest

Which states stand to benefit the most from the new Opportunity Zone criteria?

Thursday, November 6, 2025

Just 19% of the approximately 25,000 census tracts potentially eligible for Opportunity Zone (OZ) designation are “More likely to attract OZ investment, with larger impact,” per the Urban Institute’s new OZ Designation Tool.1 The majority (68%) of potentially eligible tracts were found to be “Less likely to attract OZ investment,” while the remaining 13% were determined likely to attract capital regardless of OZ designation.

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When disaster strikes, TBED initiatives are focusing on economic and social impacts 

Thursday, November 6, 2025

Disaster relief is not directly within the purview of technology-based economic development organizations. Nonetheless, disasters frequently impact the partners and constituents of TBED organizations and exacerbate the social determinants of economic growth. Therefore, teams of people from TBED organizations frequently choose to step up and step out of their economic development sphere and engage in societal recovery from disasters.

                                     

Roundup of 2025 off-year elections 

Thursday, November 6, 2025

This week’s 2025 off-year elections resulted in two new governors, solidified legislative Democratic majorities in New Jersey and Virginia, and the approval of significant ballot measures in California and Texas. While the gubernatorial campaigns centered on affordability and tapped into an electorate’s concerns about state and national economies, they also kick off speculation on the 2026 midterms.  

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