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Pennsylvania manufacturing has potential to expand, new report says

Thursday, September 8, 2022

Pennsylvania is losing ground in expanding manufacturing opportunities in the state, according to the Pennsylvania Manufacturing Advisory Council, which has issued a playbook to help build the sector’s competitiveness and highlights recommendations for the state to increase its manufacturing opportunities. 

  • Read more about Pennsylvania manufacturing has potential to expand, new report says

Treasury announces five more states’ plans approved for SSBCI

Thursday, August 25, 2022

Five additional state plans for the State Small Business Credit Initiative (SSBCI) have received approval from the U.S. Department of Treasury, bringing the current total of announced states to 19.

  • Read more about Treasury announces five more states’ plans approved for SSBCI

Study indicates racial bias in NSF grant funding

Thursday, August 25, 2022

A group of seven researchers analyzed upwards of one million National Science Foundation (NSF) proposals over a 23-year period (1996-2019) and found patterns of racialized disparities where white principal investigators (PIs) were consistently funded at higher rates (8+ percent) than most non-white PIs.

  • Read more about Study indicates racial bias in NSF grant funding

ARC launches $73.5 million grant initiative to grow regional economies in Appalachia

Thursday, August 25, 2022

A new $73.5 million grant opportunity using funding from the Bipartisan Infrastructure Law is aimed at growing and supporting the development of new economic opportunities across multiple states in Appalachia.

  • Read more about ARC launches $73.5 million grant initiative to grow regional economies in Appalachia

Four new NSF Engineering Research Centers announced

Thursday, August 18, 2022

The National Science Foundation (NSF) has announced four new Engineering Research Centers (ERCs) that will focus on agriculture, health, manufacturing and smart cities. The research centers will receive $104 million over five years and will be aimed at finding more sustainable solutions to food production, autonomous manufacturing systems, human health and the built environment, and hyperlocal street technology. The four research centers are: 

  • Read more about Four new NSF Engineering Research Centers announced

GAO, Future of EPSCoR committee issue reports

Thursday, August 18, 2022

Jurisdictions that were early EPSCoR participants benefitted more from the program with higher project approval rates, but whether program goals are being met is unclear, according to a recent Government Accountability Office (GAO) report examining National Science Foundation’s (NSF) Established Program to Stimulate Competitive Research (EPSCoR). The GAO report and another from the subcommittee on the Future of EPSCoR looked at the effectiveness of the program and made recommendations for improvement.

  • Read more about GAO, Future of EPSCoR committee issue reports

Congressional inaction threatens SBIR program

Thursday, August 18, 2022

The federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, providing nearly $4 billion in technology research and development funding, expire — in just six weeks — on Sept. 30. Unlike many federal programs that regularly operate beyond the end of their authorization, there is no direct SBIR appropriation that will ensure the program continues as-is without congressional action. Instead, SBIR would be on an agency-by-agency basis.

  • Read more about Congressional inaction threatens SBIR program

Five things to know about the Inflation Reduction Act

Thursday, August 18, 2022

President Joe Biden has signed the Inflation Reduction Act, a $740-billion bill that largely focuses on clean energy and climate resiliency, deficit reduction and health care, funded through tax changes.

  • Read more about Five things to know about the Inflation Reduction Act

GAO finds new Air Force SBIR process increases participation and geographic distribution of awards

Wednesday, August 10, 2022

A new open topic approach used by the U.S. Air Force in issuing Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards coincided with an overall increase in the agency’s SBIR/STTR participation figures and proposal processing times, according to a recent federal analysis. The U.S.

  • Read more about GAO finds new Air Force SBIR process increases participation and geographic distribution of awards

Recent Research: Access to information is key to SBIR effectiveness

Wednesday, August 10, 2022

Accelerators, incubators and entrepreneurial assistance programs work to ensure their startups understand their product’s market competition, customers, and supply chain. As it turns out, that’s also good advice for small research-based firms trying to move from SBIR proof-of-concept funding to securing the larger Phase II awards.

  • Read more about Recent Research: Access to information is key to SBIR effectiveness

Senate Dems propose increased innovation funding for FY 2023

Thursday, August 4, 2022

With the fiscal year coming to a close and the U.S. Senate having yet to advance any appropriations bills for the next year, the Senate Democrats have released their proposals for FY 2023 funding levels. Due to the potential for substantial changes when the final FY 2023 budget is passed, this article only covers specific funding levels that are a high priority for the tech-based economic development (TBED) field.

  • Read more about Senate Dems propose increased innovation funding for FY 2023

OMB’s FY 2024 budget guidance for federal agencies adds R&D priorities, specificity

Thursday, August 4, 2022

Each summer, the White House Office of Management and Budget and the Office of Science and Technology Policy distributes a memorandum to all of the executive departments and agencies that are planning to request any research and development funding for a future federal fiscal year that touches on issues or interests that cross multiple agencies. The memo outlines the highest R&D and innovation policy priorities for the administration.

The White House Office of Management and Budget and the Office of Science and Technology Policy jointly issued a memorandum to all federal agencies outlining an expanded list of research and development priorities. The document is intended to guide all executive branch offices and agencies as they put together their budget requests for fiscal year 2024. Nearly twice as long as the Biden administration's priority memo last year, the updated list includes more priorities and more details drilling deeper into the top concerns.

  • Read more about OMB’s FY 2024 budget guidance for federal agencies adds R&D priorities, specificity

Recent survey explores perceptions of higher education

Thursday, August 4, 2022

The recently published, 2022 edition of New America’s annual survey on American perceptions of higher education, Varying Degrees, includes findings that should be of interest – and potential concern – for the TBED community. The report includes updated findings on American perceptions of the value, funding, accountability, and admissions for higher education and perceptions of current financial security. It also reveals significant differences in perceptions of higher education based on respondents’ political affiliations.

  • Read more about Recent survey explores perceptions of higher education

EDA announces 32 winners of $500 million Good Jobs Challenge

Wednesday, August 3, 2022

Thirty two industry-led workforce training partnerships from across the country were announced as the grant winners of the $500 million Good Jobs Challenge by the U.S. Economic Development Administration.

  • Read more about EDA announces 32 winners of $500 million Good Jobs Challenge

Nine additional SSBCI state plans approved

Thursday, July 28, 2022

The U.S. Department of the Treasury announced nine additional states whose SSBCI plans have been approved: Arizona, Connecticut, Indiana, Maine, New Hampshire, Pennsylvania, South Carolina, South Dakota, and Vermont. This is in addition to the five states approved earlier this year: Hawaii, Kansas, Maryland, Michigan and West Virginia.

  • Read more about Nine additional SSBCI state plans approved

Congress passes modified competitiveness legislation

Thursday, July 28, 2022

This week, Congress approved a new version of legislation to incentivize semiconductor manufacturing facilities, create a Regional Technology Hubs program, and reauthorize many science-related agencies. The Senate passed the bill on the 27th, and the House passed the legislation a day later.

  • Read more about Congress passes modified competitiveness legislation

Equity investors rolled through Q2 uncertainty

Thursday, July 28, 2022

Amid a public market slowdown, inflation concerns and tightening monetary environment, the PitchBook-NVCA Venture Monitor Q2 2022 indicates that most investors continued their COVID-era levels of activity through the second quarter of the year.

  • Read more about Equity investors rolled through Q2 uncertainty

NSF’s Regional Innovation Engines program releases info on all concept outlines, sets Type-2 award deadlines

Thursday, July 28, 2022

The National Science Foundation (NSF) is breaking with tradition this week and for the first time released application data before it formally accepts applications for the NSF Engines program, which will provide up to $160 million of funding for up to 10+ years to establish each regional-scale innovation ecosystem Engine.

  • Read more about NSF’s Regional Innovation Engines program releases info on all concept outlines, sets Type-2 award deadlines

America’s Seed Fund Week aims to educate and connect in SBIR’s 40th year

Thursday, July 28, 2022

Entrepreneurs learned more about small business funding opportunities from federal agencies with Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs during America’s Seed Fund Week last week. The $4 billion funding program, which is currently up for reauthorization, is celebrating 40 years of providing funding to small businesses each year in a variety of technology areas.

  • Read more about America’s Seed Fund Week aims to educate and connect in SBIR’s 40th year

Newly reestablished NACIE charged with producing three moonshots

Thursday, July 28, 2022

U.S. Secretary of Commerce Gina M.

  • Read more about Newly reestablished NACIE charged with producing three moonshots

Useful Stats: NIH SBIR/STTR application success rates & trends, FY 2012-2021

Friday, July 22, 2022

In fiscal year 2021, the nationwide success rate of applicants for National Institutes of Health (NIH) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Phase I awards decreased slightly from FY 2020. This continued a downward trend over recent years. The success rate for NIH SBIR/STTR Phase I was nearly 13 percent (647 of 5,132 approved) in FY 2021, a decrease from nearly 14 percent (636 of 4,684 approved) in FY 2020 and from nearly 16 percent for all proposals submitted over the past decade.

  • Read more about Useful Stats: NIH SBIR/STTR application success rates & trends, FY 2012-2021

Pitch to secure ARPA-H headquarters location begins

Thursday, July 14, 2022

With a $1 billion investment over the next three years, Advanced Research Projects Agency for Health (ARPA-H) will be a standalone agency within the National Institutes of Health (NIH) and is designed to produce quicker research outcomes.

  • Read more about Pitch to secure ARPA-H headquarters location begins

New York State legislation would curb new crypto mining operations; bills await governor’s action

Thursday, July 14, 2022

Since the inception of cryptocurrency mining over a decade ago, the state of New York has become a hotspot for the digital coins, encompassing 19.9 percent of the total U.S. hashrate, or the collective computing power of miners. However, concerns over the environmental impacts of, and high electricity demands for, these mining operations have been increasingly thrust into the spotlight.

  • Read more about New York State legislation would curb new crypto mining operations; bills await governor’s action

TBED-related projects benefit from congressional earmarks’ return

Thursday, July 14, 2022

With the return of congressionally-directed spending — more commonly known as “earmarks” — for the FY 2022 budget, nearly 5,000 projects received more than $9.6 billion in such funding. The return of the earmarks followed a 10-year absence after the practice was banned in 2011. SSTI’s review of the spending data, which was collected by the Bipartisan Policy Center (BPC) from the congressional appropriations committees, showed that projects related to technology-based economic development (TBED) were included in the funding.

  • Read more about TBED-related projects benefit from congressional earmarks’ return

The Great Resignation warrants further explanation

Thursday, July 14, 2022

In November 2021, the seasonally adjusted quit rate reached a record of 3.0 percent, a significant increase from the previous highest rate of 2.4 percent.

In November 2021, the seasonally adjusted quit rate reached a record of 3.0 percent, a significant increase from the previous highest rate of 2.4 percent. This phenomenon of rising quit rates is currently referred to as the “Great Resignation.” Investigating the existing data on labor turnover, the historical quit rate data, and the reasons for the rise of quit rates in 2021 are the focus of a recent article from the U.S. Bureau of Labor Statistics Monthly Labor Review.

  • Read more about The Great Resignation warrants further explanation

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Recent news from the SSTI Digest

Recent Research: National industrial policy to reshore US manufacturing can yield positive local effects

Thursday, March 12, 2026
Three academic researchers estimate that the localized job creation impacts resulting from the CHIPS and Science Act already have had a net gain of 12% in the affected counties. The direct jobs in the semiconductor sector alone are 15,000-16,000 short-term positions. With the high-paying nature of jobs in the field, researchers Bilge Erten, Joseph E. Stiglitz, and Eric Verhoogen estimate that, as a spillover effect, 15,000 to 30,000 additional indirect jobs have been created in related sectors.
manufacturing
CHIPS and Science Act

Useful Stats: Sectoral contributions to county GDP

Wednesday, March 11, 2026
Policymakers should be interested in which sectors are present in their region to ensure TBED investments and workforce priorities can have the greatest impact. Exploring gross domestic product (GDP) at the county level offers a detailed look at the economic output of sectors and how they shape local economies. At the county level, data for smaller or more rural counties may reveal nuances invisible when looking broadly at entire MSAs or states, particularly for those areas with lower populations.
useful stats
gdp
manufacturing

National VC trends and which states are bucking them

Wednesday, March 11, 2026
National VC investment over the past five years has seen significant swings, first driven by pandemic impacts and rebounds, then by the rocket ride of AI. According to PitchBook data, national VC activity below $100 million declined from nearly 10,500 deals in 2020 to just under 8,200 in 2025, a 22% drop. Over the same period, the total capital invested increased by just over $5 billion (6%). The trend of more funding into fewer deals is highlighted by the median deal size more than doubling to over $4 million (Fig 1). These macro trends are important as they set the stage for what is happening at the state level. 
venture capital
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