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While job openings surpassed 7.1 million in August, companies across the country still are struggling to attract staff with relevant skills. To address this issue, states are developing new workforce development efforts to address the increased demand. These efforts have taken many different approaches including grants to communities, free online resources, mentorship programs, or stronger partnerships with industry. While these efforts may be diverse in their processes, they share commonalities, such as bringing together all stakeholders (e.g., industry, academia, government, nonprofits, and local workforce development boards) and providing those services locally across the state, or by leveraging online platforms.  Such efforts are reflected in new programs described below in Indiana, North Carolina and South Carolina.

The National Science Foundation (NSF) announced approximately $20 million in new funding through its Partnerships for Innovation (PFI) program. The PFI program offers NSF-funded researchers at institutions of higher education opportunities to connect new knowledge to societal benefit through translational research efforts and/or partnerships that encourage, enhance, and accelerate innovation and entrepreneurship.

This week we wrap up our four-part series focused on navigating innovation priorities in a variety of settings.  Following the November elections, many new faces will be a part of your state legislature. Communicating effectively with these lawmakers can help ensure the success of your programs. This week we hear from Leslee Gilbert, vice president, and Tom Quinn, associate vice president, both from Van Scoyoc Associates (jointly responding as VSA below), as well as Angela Andrews, director of the legislative staff service program at the National Conference of State Legislatures on the do’s and don’ts of working with your legislature.

As the nation faces a tight labor market and industries scramble to find employees with the right skills to fill open positions, community colleges that are closely connected to a region’s economy play a key role in helping to fill that pipeline. However, the challenges facing students at community colleges often result in many not completing a degree or certificate. A report released this month by The Brookings Institution noted that less than 40 percent of community college students earn a certificate or degree within six years of enrollment. The report’s author, Elizabeth Mann Levesque, explored ways to address both structural and motivational barriers in completing community college. The barriers are real, said two community college administrators SSTI spoke with about the problem, yet the successes they see and innovative efforts some community colleges are taking to help their students are beginning to pay off.

The U.S. Treasury released a new set of proposed guidelines around Opportunity Zones. The new regulations would provide many clarifications about eligibility and timing, but do little to address critical concerns for potential zone-based seed and venture capital investment funds. Additional guidance is forthcoming, but there is no timetable for this release. Meanwhile, the latest regulations are subject to comment once published in the Federal Register.

For those interested in how innovation, investment, programs, and policies can help make manufacturing an economic boon to states and regions across the nation, a new special issue of the Economic Development Quarterly may offer some answers. Featuring original research and book reviews from experts around the country, Strengthening Manufacturing – How Research Can Inform Public Policy is an important read for scholars and practitioners of economic development. The introduction to the special issue, written by Ken Poole and Brendan Buff of the Center for Regional Economic Competitiveness (CREC), is available online at no cost. A future Digest story will highlight some of the articles featured in the issue and discuss what their findings mean for technology-based economic development more broadly.

Still treated as a novelty by most mainstream U.S. media, there is growing global use of nature-inspired innovations to deal with a number of challenges and undesired properties of business-as-usual, whether it be infrastructure, agriculture or product design, production, use or disposal. Collectively comprising a number of approaches —such as biomimicry, green chemistry, or regenerative manufacturing — nature-inspired innovation incorporates design and use principles borrowed from and complementary to nature.  The most promising aspects of all of these efforts are their economic value and efficiency compared to life cycle analyses of similar products and processes development through conventional means.

Despite an uneven economic recovery, fewer Americans are living in distressed communities and more are living in prosperous ones, according to a recent report from the Economic Innovation Group (EIG), a Washington, D.C.-based policy and advocacy organization. Comprised of seven factors measuring socioeconomic health, the Distressed Community Index (DCI) divides the country’s zip codes (communities) into five quintiles — prosperous, comfortable, mid-tier, at-risk, and distressed — and tells the story of the country’s economic health across two time periods, the recession years of 2007 to 2011 and the recovery years of 2012 to 2016. EIG finds that the employment and business establishment growth during the economic recovery has been mostly limited to prosperous communities, where the population tends to be more educated and the housing vacancy rate may be lower.

Across the country, there are nearly 6.9 million scientists and engineers, representing 4.8 percent of the nation’s workforce. There are 20 states having at least 100,000 workers in these occupations. Scientists and engineers are concentrated around the nation’s capital, making up the largest share of the workforce in Washington D.C., Maryland, and Virginia. From 2003 to 2017, the number of scientists and engineers grew the fastest in Arkansas, North Dakota, and Utah. With an interactive map and downloadable spreadsheet, this article breaks down the changes in the science and engineering workforce across the United States over the last 15 years.

While women comprise approximately 33 percent of the combined founder and employee workforce at startup companies, they hold just 9 percent of all equity value in those companies, according to The Gap Table from Carta – a software platform for managing startup equity and ownership. The new report was based upon capitalization table (cap table) data from more than 6,000 companies with a combined total of nearly $45 billion in equity value. The cap table is a list of owners of a company and includes information about the percentages of ownership, equity dilution, and value of equity in each round of investment. The researchers found that:

• Women make up 35 percent of equity-holding employees, but only hold 20 percent of employee equity; and,
• Women make up 13 percent of founders, but hold 6 percent of founder equity.

In honor of National Manufacturing day last week, the Trump administration released the Strategy for American Leadership in Advanced Manufacturing. Developed in partnership with the National Science and Technology Council (NSTC) and the Office of Science and Technology Policy (OSTP), the report is intended to outline the administration’s vision for American leadership in advanced manufacturing across industrial sectors. It advocates pursuing three goals: develop and transition new manufacturing technologies; educate, train, and connect the manufacturing workforce; and, expand the capabilities of the domestic manufacturing supply chain.

Over the past few weeks, Delaware, New Jersey, and Tennessee have proposed, announced or expanded investment tax credit programs to spur job creation and innovation. In Delaware, Gov. John Carney signed the Angel Investor Job Creation and Innovation Act, while Tennessee is expanding its Angel Tax Credit criteria, and New Jersey is proposing establishing innovation zones and tax credits for high-tech businesses within those zones.

An evaluation of the One North Carolina Small Business Matching Fund, a statewide initiative providing grants of up to $50,000 to recent SBIR/STTR awardees, suggests that the program is achieving its goals of creating high-skill, high-wage jobs. Over the past 10 funding cycles, the $17.2 million deployed across 250 small businesses has created or retained more than 900 innovation-oriented jobs, and raised an additional $5.6 million in tax revenue for the state, according to the analysis performed by the NC Department of Commerce.

Monday’s widely covered release of a report from the Intergovernmental Panel on Climate Change (IPCC) outlining the climate change impacts that could be avoided by limiting  global warming to 1.5°C sounded an alarm bell of scenarios that could ensue if no corrective action is taken. The report includes a summary for policy makers and finds that limiting global warming would require rapid and far-reaching transitions in land, energy, industry and cities. Another report from IPCC released earlier and overshadowed by the global impact report, focuses on specific ways cities around the world could develop a strategic framework to cope with the impacts of climate change. The Cities IPCC report contains input from more than 700 scientists, policy researchers, civic leaders and practitioners from across the planet in a wide range of disciplines, and includes a research and action agenda.

This week we continue our four-part series focused on navigating innovation priorities in a variety of settings. Part 2 focuses on how to create and hone an effective value proposition for your organizations given different audiences, funding sources, public support and the needs of clients. SSTI spoke with Faith Knutsen, director of Social Entrepreneurship and Innovation, Ohio University Voinovich School of Leadership and Public Affairs; and Steve Glynn, director of Innovation, The Water Council.

The series features interviews with experts in the field, each of whom will also be presenting at our annual conference, where these topics will be explored in greater depth. Both presenters featured in this week’s Q&A said their session will be fun, personally and professionally engaging, and highly relevant to each participant’s own sector.  Click here for more information on the conference.

Colleges and universities that conduct research and development around science and engineering are central to technology-based economic development strategies and are at the core of America’s innovation hubs. The distribution of science and engineering R&D at colleges and universities (S&E R&D) – already distributed unevenly across the country— appears to have grown radically more so since the Great Recession. In fact, SSTI analysis using data from the National Science Foundation’s National Center for Science and Engineering Statistics reveals that approximately 60 percent of all new funds for S&E R&D at colleges and universities from 2008 to 2016 went to institutions in just three states: Maryland, California and New York.