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U.S. S&E Graduate Enrollment Steady While Foreign Enrollment Rises, NSF Reports

Thursday, May 29, 2014

In 2012, U.S. science and engineering graduate programs saw a small 1.7 percent drop in enrollment by U.S. citizens and permanent residents, according to data from the National Science Foundation (NSF). Enrollment by foreign students, however, rose by 4.3 percent. NSF notes that 2012 is the second year in a row that saw very little increase in citizen enrollment, following five years of growth in the range of 2-3 percent.

  • Read more about U.S. S&E Graduate Enrollment Steady While Foreign Enrollment Rises, NSF Reports

St Louis Targets Entrepreneurs, Foreign-Born Residents for Economic Growth

Thursday, May 29, 2014

The St. Louis Economic Development Partnership, a group created when the St. Louis County Economic Council and the city’s St. Louis Development Corp. merged last year, has released an ambitious economic strategy for the region. Planners are calling for collaboration between the region’s economic development organizations and startup initiatives, such as Accelerate St.

  • Read more about St Louis Targets Entrepreneurs, Foreign-Born Residents for Economic Growth

Commerce Department Names First 12 Communities for Manufacturing Support Initiative

Thursday, May 29, 2014

This week, U.S. Secretary of Commerce Penny Pritzker announced the first 12 communities to participate in the federal government’s multi-agency Investing in Manufacturing Communities Partnership (IMCP) initiative. The initiative will concentrate federal economic development spending across agencies and departments on key manufacturing regions with strong economic strategies in place.

  • Read more about Commerce Department Names First 12 Communities for Manufacturing Support Initiative

LA Lawmakers Challenge Higher Ed to Meet Workforce Needs with $40M Incentive Fund

Monday, June 2, 2014

A project underway between IBM and Louisiana State University’s School of Engineering aims to better meet employer needs by tripling the number of computer science graduates in five years. Hoping to generate more partnerships like these, lawmakers approved legislation supported by Gov. Bobby Jindal that allows colleges and universities to compete for funds in an effort to produce graduates in high-demand areas. A smaller percentage of the funds distributed under the new Workforce and Innovation for a Stronger Economy (WISE) Fund will be based on federally funded research expenditures.

  • Read more about LA Lawmakers Challenge Higher Ed to Meet Workforce Needs with $40M Incentive Fund

North Carolina Companies Raised $461M in 2013, According to Report

Wednesday, June 4, 2014

Last year, 108 unique institutional funders made a total of 260 investments in North Carolina companies, according to a report from the Council for Entrepreneurial Development. The 2013 Innovators Report details the $461 million in equity investments, grants and awards received by firms, including support from venture investors, angel networks, foundations, federal agencies, competitions, crowdfunding and other sources. Life sciences firms generated the most activity with $275 million in 134 deals, driven by the biopharmaceutical industry.

  • Read more about North Carolina Companies Raised $461M in 2013, According to Report

Study Examines the Impact of National Polices on University Innovation

Thursday, June 5, 2014

In recent years, national polices supporting university-led innovation have shifted from the linear, science-push model to a model that supports an interactive, reciprocal process of knowledge transfer between industry and university through research parks, university-industry research projects, etc. As these new national polices mature, academic researchers are starting to examine the effectiveness of university-focused policies on spurring innovation and their impact on economic development. A recently released study examines the effectiveness national polices in leading Organization for Economic Co-operation and Development countries in spurring university-led innovation and the impact of these policies on social and economic development.

  • Read more about Study Examines the Impact of National Polices on University Innovation

U.S. Companies Report Water Issues Impact Site Selection, Strategic Planning

Thursday, June 5, 2014

In a recent Pacific Institute and Vox Global survey, about 80 percent of U.S. companies reported that water availability has become an issue for their business, particularly among firms in the South and Southwestern regions of the country. About 63 percent said water issues would affect their future location decisions, and more than half reported that they expected water scarcity to impact their growth and profitability over the next five years.

  • Read more about U.S. Companies Report Water Issues Impact Site Selection, Strategic Planning

NIH Recommends $4.5B Over 10 Years for BRAIN Initiative

Thursday, June 5, 2014

National Institute of Health (NIH) Director Francis S. Collins has accepted recommendations from an NIH working group that call for increased investment in the federal government’s effort to map and understand the human brain. Under the recommended plan, the initiative would receive $400 million each year between 2016-20, which would grow to $500 million a year for 2021-25. The BRAIN Initiative is a multi-agency effort, supported by NIH, Defense Advanced Research Projects Agency of the U.S. Department of Defense, National Science Foundation and Food and Drug Administration.

  • Read more about NIH Recommends $4.5B Over 10 Years for BRAIN Initiative

12 Awards Up for Grabs in NASA Competition for Early Stage Technology Proposals

Thursday, June 5, 2014

NASA is looking to U.S. universities to explore transformative space technologies and help the agency advance its plans for exploration to deep space and Mars. The agency will make up to 12 awards totaling $500,000 each this fall with R&D efforts taking place over two to three years. Notices of intent to submit proposals are due June 24.

  • Read more about 12 Awards Up for Grabs in NASA Competition for Early Stage Technology Proposals

Finding the Right Metrics

Thursday, October 20, 2016

Whether measuring the nature of the economy or determining the impact of economic development programs, finding the right indicators and metrics is critical. And a new set of questions is arising for economic development practitioners: Who gets credit for impact when multiple organizations provide services to the same company? When impacts may be long-term, what is the best way to gauge success in the short term? These and other questions will be explored during the conference session on Measuring Impacts: Where We Stand and Where We Need to Go at this year’s annual SSTI conference.

  • Read more about Finding the Right Metrics

Economic Innovation Group, New Economy Initiative Join SSTI Conference Speaker Line-Up

Thursday, October 20, 2016

John Lettieri, co-founder of Economic Innovation Group (EIG) and its senior director for Policy and Strategy, and Pamela Lewis, the director of the New Economy Initiative (NEI), have joined the speaker line-up of the SSTI Annual Conference, Innovation with Purpose: Shaping Future Opportunities, as part of the Bold Ideas for Innovation with Purpose opening plenary session.

  • Read more about Economic Innovation Group, New Economy Initiative Join SSTI Conference Speaker Line-Up

DOE Announces Third Round Small Business Voucher Pilot Program

Thursday, October 27, 2016

The Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) has launched the third round of the Small Business Vouchers (SBVs) pilot program.

  • Read more about DOE Announces Third Round Small Business Voucher Pilot Program

White House National S&T Council Addresses Future Artificial Intelligence R&D, Public Policy

Thursday, October 27, 2016

As artificial intelligence (AI) is expected to become an increasingly large contributor to future U.S. economic growth, policymakers must be thoughtful about the technology’s implications related to federal R&D strategy, societal benefits, and public policy, according to two recently released reports authored by the National Science and Technology Council (NSTC) Subcommittee on Machine Learning and Artificial Intelligence.

  • Read more about White House National S&T Council Addresses Future Artificial Intelligence R&D, Public Policy

Governors' Races: TBED Overview

Thursday, October 27, 2016

Twelve states have gubernatorial races in this year’s elections. After Indiana Gov. Mike Pence was recruited for the vice presidential ballot, Indiana voters have current Lt. Gov. Eric Holcomb on the ballot as the Republican candidate for governor. Some states have incumbent governors seeking re-election, including Montana, North Carolina, Oregon, Utah and Washington.

  • Read more about Governors' Races: TBED Overview

Economic Development Ballot Initiatives

Thursday, October 27, 2016

While economic development issues have been taking a back seat to other discussions surrounding the presidential election, two state ballot initiatives address these issues directly and several other states feature educational initiatives. Engineering facilities at the University of Rhode Island and biomedical research in Montana would advance if ballot initiatives in those states pass on November 8.

  • Read more about Economic Development Ballot Initiatives

TBED Practitioners Gather in Columbus

Thursday, October 27, 2016

In less than a week, about 300 professionals, stakeholders, policymakers, and others working to encourage economic prosperity through science, technology, innovation and entrepreneurship will gather in Columbus to hear and share the latest news, trends and advancements at the SSTI Annual Conference. It is fitting that the conference is being held in Columbus this year, as the city itself is being recognized for its activity and growth. Columbus recently was named by Money magazine as the Best in the Midwest in their Best Big Cities ranking. It also placed first in the Midwest for visitor satisfaction and in the top 10 overall, according to another recent survey.

  • Read more about TBED Practitioners Gather in Columbus

NATIONAL AWARD OF EXCELLENCE PRESENTED TO FOUR ORGANIZATIONS ADVANCING REGIONAL PROSPERITY AND INNOVATION

Monday, November 7, 2016

Columbus, OH – Celebrating the 10th anniversary of its Excellence in Technology Based Economic Development awards, SSTI today announced four winners driving prosperity in their states and regions through innovative approaches to growing their economies and creating high-paying jobs.

  • Read more about NATIONAL AWARD OF EXCELLENCE PRESENTED TO FOUR ORGANIZATIONS ADVANCING REGIONAL PROSPERITY AND INNOVATION

America Makes Launches Effort to Define Additive Manufacturing Standards and Specifications

Thursday, March 24, 2016

America Makes, the National Additive Manufacturing Innovation Institute, announced the creation of the Additive Manufacturing Standardization Collaborative (AMSC) – an effort to coordinate and accelerate development of industry-wide additive manufacturing (AM) standards and specifications.

  • Read more about America Makes Launches Effort to Define Additive Manufacturing Standards and Specifications

Obama Administration Announces $66M via POWER Initiative

Thursday, March 24, 2016

In partnership with the Appalachian Regional Commission (ARC), the Economic Development Administration (EDA) announced the availability of $65.8 million in new funding through the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) initiative.

  • Read more about Obama Administration Announces $66M via POWER Initiative

UF, Philanthropies Announce $3M for Engineering Extension in Sarasota

Thursday, March 24, 2016

Despite its location more than 180 miles south of Gainesville, FL,  Sarasota County – which is far better known for its cultural and environmental amenities than industrial strength – will be home to the University of Florida’s first engineering extension office.

  • Read more about UF, Philanthropies Announce $3M for Engineering Extension in Sarasota

Majority of Startups Valued Over $1B Founded by Immigrants, Report Finds

Thursday, March 24, 2016

Earlier this month, SSTI highlighted recent research from the Information Technology and Innovation Foundation (ITIF) that detailed the critical role immigrants play in developing some of the most notable innovations in the U.S.

  • Read more about Majority of Startups Valued Over $1B Founded by Immigrants, Report Finds

Available Now! Making the Most of TBED IT Investments

Thursday, March 24, 2016

Last summer, SSTI and JumpStart Inc. conducted a survey of tech-based economic development (TBED) organizations on how groups use and invest in information technology tools. The goal of this survey was to gather a greater understanding of the basic challenges TBED organizations face with regard to information technology, as well as their self-identified strategic goals and whether they believe their IT spending priorities are helping them achieve these goals.

  • Read more about Available Now! Making the Most of TBED IT Investments

IL, MI Report Significant Uptick in University Economic Impact

Thursday, March 24, 2016

Illinois and Michigan are among the few states that support regular comprehensive examinations of the role higher education plays in the overall innovation economy. Organizations in both states recently completed studies on university-generated entrepreneurship, licensing, investment and employment, finding a steady rise in university economic impact over the past five years.  In both cases, the increase in university impact was linked to an expanding university role in supporting entrepreneurs and researchers.

  • Read more about IL, MI Report Significant Uptick in University Economic Impact

Budget Passes in PA, but Debate Continues; FY17 Spending Approved in AL, FL, ID, NM

Thursday, March 31, 2016

Many states across the country already have, or will soon have, signed budgets ready for the 2017 fiscal year.  Over the past few months, SSTI has examined gubernatorial addresses and proposed budgets for a preview of technology-based economic development spending in the coming year. This week, we take a look at what initiatives and spending levels survived spending negotiations in Alabama, Florida, Idaho and New Mexico, as well as an update on the budget situation in Pennsylvania.

  • Read more about Budget Passes in PA, but Debate Continues; FY17 Spending Approved in AL, FL, ID, NM

Useful Stats: Per Capita Personal Income by State, 2010-2015

Thursday, March 31, 2016

North Dakota led the country in per capita personal income gains between 2010-2015, according to data released by the Bureau of Economic Analysis (BEA). While average (mean) incomes rose 18.4 percent around the U.S. during that time, North Dakota incomes rose by 26.8 percent from $42,964 in 2010 to $54,376 in 2015. Changes in mean income can obscure discrepancies between demographic groups and concentration of wealth, but demonstrate some of the key economic trends of the last few years.

  • Read more about Useful Stats: Per Capita Personal Income by State, 2010-2015

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