Enacted FY16 funding is used for the Department of Transportation comparisons, unless otherwise noted.
The president’s FY17 budget request for the Department of Transportation (DOT) totals $98.1 billion (35.5 percent increase), including a vision to build a clean transportation system for the 21st century. Notable investments in research and development from the Department of Transportation include:
Enacted FY16 funding is used for comparisons unless otherwise noted.
Estimated FY16 funding is used for comparisons unless otherwise noted.
The president’s FY17 budget request for the Department of Housing and Urban Development (HUD) is $48.9 billion, a 4 percent increase. Priority funding items within HUD include rental housing assistance, ending homelessness, supporting tribal communities, and improving mobility for low-income families.
The president’s FY17 budget proposal includes requests for four regional commissions, which work to develop the economies of economically distressed regions.
Enacted FY16 funding levels are used for comparisons unless otherwise noted.
FY16 enacted funding is used for NASA comparisons, unless otherwise noted.
Under the president’s FY17 budget request, NASA would receive $19 billion (1.6 percent decrease). For a number of programs, FY16 comparisons are unavailable because NASA’s FY16 operation plan has not been finalized. Priority items in the NASA budget include the development of technologies that make future space programs more affordable and capable, continued support for the Webb Telescope, and developments to catalyze growth in the American commercial space industry.
Enacted FY16 funding is used for comparisons unless otherwise noted.
The president’s FY17 budget proposal would provide $12.8 billion in discretionary funding for the Department of Labor (DOL), a 4.9 percent increase from FY16. Priority items supported in the budget are apprenticeships, career navigation tools, and additional reforms recommended in the Workforce Innovation and Opportunity Act (WIOA).
A well-known fact about the venture capital industry is the notorious underrepresentation of women partners in the firms. That could change, suggests research presented in the NBER working paper And the Children Shall Lead: Gender Diversity and Performance in Venture Capital if male VC partners spend more quality time with their daughters. Deborah Krueze writes in her NBER Digest article that the authors of the research, Paul A. Gompers and Sophie Q.
USTAR hosted the Utah Technology Innovation Summit last week to celebrate the state’s achievements in the field. The event featured strong pro-science and innovation statements from a variety of politicians and awards to teachers and scientists. During the opening, USTAR Director Ivy Estabrooke was named the governor’s science advisor (pictured at right). The summit was held in the same venue as SSTI’s 2018 Annual Conference.
The U.S. biosciences industry directly employs 1.74 million people and indirectly supports $2.0 trillion in economic output and roughly 8 million jobs nationwide, according to "Investment, Innovation and Job Creation in a Growing U.S. Biosciences Industry," a new report by TEConomy Partners on behalf of the trade association BIO.
The Senate Committee on Appropriations this morning advanced a funding bill that includes $25 million for Regional Innovation Strategies — $4 million more than the current funding round.
Although SBIR/STTR matching programs have existed at the state and regional levels for years, Montgomery County, Maryland, recently launched the country’s first county-based match program. The county council overwhelmingly approved the program, which will target Montgomery County-based small businesses receiving Phase I or Phase II SBIR/STTR grants through the National Institutes of Health (NIH), whose main offices are also within the county.
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.
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.
A new report from the Department of Energy (DOE) highlights examples of major scientific accomplishments emerging from 40 years of Basic Energy Sciences (BES) research support, including how these discoveries have helped fulfill DOE’s mission and have led to new technologies and industries that contribute to American innovation and prosperity.
The conclusion from the working paper, The Effects of Scientists and Engineers on Productivity and Earnings at the Establishment Where They Work, by Erling Barth, James C. Davis, Richard B. Freeman, and Andrew J. Wang, is pretty clear for manufacturers and policy advocates for improving U.S.
The conclusion from the working paper, The Effects of Scientists and Engineers on Productivity and Earnings at the Establishment Where They Work, by Erling Barth, James C. Davis, Richard B. Freeman, and Andrew J. Wang, is pretty clear for manufacturers and policy advocates for improving U.S. manufacturing: firms should hire as many scientists and engineers as possible. The research finds, Morgan Foy explains in an NBER Digest article, that occupational statistics reveal approximately 80 percent of people trained as scientists and engineers do not work in R&D jobs. Filling a company’s payroll with as many of these people, regardless of their position, seems to pay off. The authors’ research concluded a 10 percent increase in the proportion of scientist and engineer employment within a manufacturing establishment was associated with a 4 percent increase in total factor productivity for the firm.
Economic development was the most prevalent policy issue across mayoral speeches in 2018, according to State of the Cities 2018 from the National League of Cities (NLC).
Economic development was the most prevalent policy issue across mayoral speeches in 2018, according to State of the Cities 2018 from the National League of Cities (NLC). This is the fifth straight year that economic development issues were are the forefront of mayoral speeches with NLC reporting 58 percent of state of cities speeches including “significant coverage of economic development issues.” However, this year marked a shift from mayors focusing their speeches on job creation and business attraction strategies in previous years to primarily focusing on driving downtown development, supporting innovation, and enhancing local art scenes. For those mayors that did discuss job creation, the speeches focused primarily on developing more inclusive strategies that create equitable access to economic opportunities for all members of their respective communities.
Part 1 of this series on SAFEs (simple agreements for future equity) focused on the investment vehicle and its pros and cons, and can be found here.
Part 1 of this series on SAFEs (simple agreements for future equity) focused on the investment vehicle and its pros and cons, and can be found here.
In this second article in a series on SAFEs, we examine how the investment contracts may be used by venture development organizations (VDOs), entrepreneurial support organizations, and other investment-focused economic development entities. These public/nonprofit capital providers may increasingly face exposure to SAFEs from the changing private market as their region’s private accelerators, super angels, and other private investors shift from convertible notes to SAFEs during the early-stage investment process.
A new report from the U.S. Census Bureau shows that while postsecondary education enrollment has increased overall between 1955 and 2015, it has increased and decreased during this long-term period of increase, reflecting changes in the economy. In particular, the Great Recession of 2007 to 2009 influenced significant changes in American postsecondary education enrollment, according to the report. The number of students enrolled in college in the U.S.
A new report from the U.S. Census Bureau shows that while postsecondary education enrollment has increased overall between 1955 and 2015, it has increased and decreased during this long-term period of increase, reflecting changes in the economy. In particular, the Great Recession of 2007 to 2009 influenced significant changes in American postsecondary education enrollment, according to the report. The number of students enrolled in college in the U.S. increased during the recession, and then fell during the post-recession years of 2012-2015. However, from 2006 to 2011, total college enrollment grew by 3 million, contributing to the overall growth of postsecondary enrollment during the Great Recession period.
American Made Solar Challenge is seeking teams of creative individuals and entrepreneurs to compete for prize money and strategic support in accelerating ideas and solutions. In a three-part series of contests, $3 million will be awarded in cash prizes and up to $525,000 in vouchers, which can be used at national laboratories and other voucher facilities to develop, test and validate ideas in the energy marketplace.
The White House Office of Management and Budget released Delivering Government Solutions in the 21st Century, a plan for reorganizing federal agencies. On topics related to innovation, the wide-ranging plan would make changes to education, workforce, economic development, small business and more. Some of the suggestions could advance with administrative actions only, while many will require congressional support.
As economic development efforts try to keep up with changing demographics, many states, regions, metros, and other local governments face difficulties trying to cultivate, attract and retain a 21st century workforce. Three recent reports look at the strategic steps that states and regions must play to create strong workforce development organizations.
As economic development efforts try to keep up with changing demographics, many states, regions, metros, and other local governments face difficulties trying to cultivate, attract and retain a 21st century workforce. Three recent reports look at the strategic steps that states and regions must play to create strong workforce development organizations. While these reports, from the Urban Institute, the National Skills Coalition (NSC), and the Western Governors’ Association (WGA), look at broad workforce development strategies for public-sector agencies to employ, several states and cities have launched specific efforts to reimagine or strengthen their workforce development efforts.
While many state startup capital ecosystems have a healthy density of early-stage startups, few states have developed strong late-stage ecosystems, according to a new report from PitchBook – 2Q 2018 PitchBook Analyst Note: VC Ecosystems. PitchBook researchers contend that one potential factor leading to these underdeveloped late-stage ecosystems is the limited number/size of exits coming from those ecosystems.
While many state startup capital ecosystems have a healthy density of early-stage startups, few states have developed strong late-stage ecosystems, according to a new report from PitchBook – 2Q 2018 PitchBook Analyst Note: VC Ecosystems. PitchBook researchers contend that one potential factor leading to these underdeveloped late-stage ecosystems is the limited number/size of exits coming from those ecosystems. They contend, however, that healthy early-stage startup density could indicate the potential for future growth in many state VC ecosystems, if those ecosystems increase the number of companies with exits. Via this new report, PitchBook outlines a proposed framework for the evaluation of venture ecosystems in the United States.
Real personal income — a measure of purchasing power that connects income to costs — has grown within states at an average rate of 1.5 percent per person since 2012, according to data from the Bureau of Economic Analysis. The average American’s experienced income growth, however, appears to vary wildly depending on location.
In an effort to move technologies into the commercial sector more quickly, Air Force Research Laboratory (AFRL) has introduced a one-stop shopping experience called Express Licensing. Interested innovators and entrepreneurs can visit a website featuring AFRL-developed technologies that are available for license and learn about pre-negotiated terms and pricing, eliminating the need for lengthy contract negotiations.
As part of the country’s single biggest investment in science in 40 years, the UK unveiled a new investment in UK talent and skills aimed at growing and attracting the best in science and innovation. Last week, UK business secretary Greg Clark outlined a £1.3 billion ($1.72 billion) investment for British universities and businesses to develop the next generation of entrepreneurs, innovators and scientific leaders.