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The Opening Reception Goes Green

Wednesday, July 21, 2010

Pennsylvania invites all SSTI conference attendees to a networking reception at the Phipps Conservatory and Botanical Gardens Tuesday, Sept. 14. Guests can immerse themselves in 17 distinct botanical experiences while exploring this thriving attraction that showcases advanced green-building practices, sustainable gardening and a new environmental awareness.

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Gain Perspective from Nationally Recognized Experts "Speed Dating" Style

Wednesday, July 21, 2010

The way we interact with our colleagues has forever changed in the face of social networking, teleconferences, and email. But the need for personal, one-on-one interaction to ask questions, bounce ideas off one another, and share best practices is still very much alive.

  • Read more about Gain Perspective from Nationally Recognized Experts "Speed Dating" Style

The Economic Opportunity in Energy and Climate Change

Wednesday, July 21, 2010

The transition from finite energy sources such as fossil fuels to renewable energy sources is on. The U.S. government, European Union and China are directing billions into the development of renewable energies. Most states have adopted energy standards to encourage the change. Private investments in renewable energies also have surpassed investments in fossil fuel technologies. Economic opportunities and challenges for regions across the country abound as a result.

  • Read more about The Economic Opportunity in Energy and Climate Change

Learn From the Award Winners During SSTI Conference

Wednesday, July 21, 2010

After this year's Big Reveal, Wednesday, Sept. 15 at lunch, join practitioners named as best practices in the field of tech-based economic development as they gather during a thought-provoking session to discuss only the most important issues for the TBED community — lessons learned, how to measure impact, and how to communicate success to sustain programs. SSTI is rolling out an entirely new format for the session this year designed to engage audience members through an intimate setting featuring an interview format led by Peggy Shults, President and CEO of Lytmos Group, LLC.

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Almost Sold Out — Limited Sponsorship Opportunities Remain

Wednesday, July 21, 2010

As an SSTI Conference Sponsor, you have the chance to showcase your organization with the decision makers responsible for crafting and implementing local and state-level policies and programs that directly contribute to the nation's competitiveness. Today's marketplace is about belonging and staying connected. No other event brings together so many of the nation's top players in the TBED community.

  • Read more about Almost Sold Out — Limited Sponsorship Opportunities Remain

Senate Committee Looks to Slash EDA Funding in FY11

Wednesday, July 28, 2010

The Economic Development Administration (EDA) would have $15 million less available for grants next fiscal year in the budget bill approved by the Senate Appropriations Committee last week. For comparison, the relevant House Appropriations subcommittee in June approved a total budget of $317.85 million for EDA — that is $24.85 million more than the FY10 budget and a whopping $37.67 million more than the Senate.

  • Read more about Senate Committee Looks to Slash EDA Funding in FY11

VC Investment Up As Cleantech Sector Hits Record High

Wednesday, July 28, 2010

VC Investment Up As Cleantech Sector Hits Record High

  • Read more about VC Investment Up As Cleantech Sector Hits Record High

Addressing The Most Pressing Questions in Economic Development

Wednesday, July 28, 2010

According to a survey of SSTI members, the three most pressing needs for state and local TBED organizations in this economy are: how do we capitalize on the federal government's renewed commitment to growth through innovation and research? How do we encourage faster commercialization and more entrepreneurship among our local businesses? How do we more fully engage our universities in building our economic recovery and innovation-based future?

  • Read more about Addressing The Most Pressing Questions in Economic Development

Report Finds Exports From U.S. Metros Are Key to Growth

Wednesday, July 28, 2010

A Brookings Institution's Metropolitan Policy Program study of U.S. exports between 2003 and 2008 found that export-based businesses accounted for 8.3 percent of U.S. employment and higher wages than domestic-oriented industries. During that period, the country's 100 largest metropolitan areas produced about 64 percent of U.S. exports, including about 75 percent of the nation's exported services. Since the Obama administration has made increasing U.S.

  • Read more about Report Finds Exports From U.S. Metros Are Key to Growth

North Carolina Introduced 15 Percent Digital Media Tax Credit

Wednesday, July 28, 2010

North Carolina Governor Bev Perdue recently signed off on a package of economic incentives for small businesses, including tax credits for interactive digital media firms, particularly those that collaborate with the state's research universities or community colleges. Digital media companies, including video game studios, are eligible for a 15 percent income tax credit; 20 percent for higher education collaborations. The bill also provides a 35 percent tax credit for research performed within one of the state's Eco-Industrial Parks.

  • Read more about North Carolina Introduced 15 Percent Digital Media Tax Credit

NGA Report Gives Action Plan for Building a Technical Workforce

Wednesday, July 28, 2010

A recent report from the National Governors Association Center for Best Practices provides states with a blueprint to create a skilled workforce based on the success of the Automotive Manufacturing Technical Education Collaborative (AMTEC). AMTEC is a partnership of 30 community colleges and 34 auto-related plants in 12 states that worked to identify and implement improvements in technical education for workers in advanced automotive manufacturing.

  • Read more about NGA Report Gives Action Plan for Building a Technical Workforce

DOE Office of Science Gets Half of Requested Increase from Senate Subcommittee

Wednesday, July 28, 2010

A $108.3 million increase would be nothing to refuse in a tight budget scenario, except Congress has set a goal to double the $5 billion Office of Science (OS) budget and the figure is slightly less than half of the $218 million increase the Obama administration requested for FY 11. The information is taken from the recent action by the Senate Appropriations Subcommittee on Energy and Water Development on the Department of Energy's 2011 budget.

  • Read more about DOE Office of Science Gets Half of Requested Increase from Senate Subcommittee

Job Corner

Wednesday, July 28, 2010

UMass Donahue Institute is seeking a director for the economic and public policy research unit (EPPR) that consists of an outstanding team of twelve research and professional staff. Along with a commitment to public service, the ideal candidate will be a knowledge leader, outstanding communicator, program developer, collaborator and experienced manager and researcher. Familiarity with relevant research areas and potential clients in Massachusetts and New England, including industry, government, professional associations, and nonprofit organizations is preferred.

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Building the Foundation for Recovery

Wednesday, August 4, 2010

In last week's edition of the the Digest, we highlighted the three most pressing needs for state and local TBED organizations: Federal, Commercialization & Entrepreneurship and Universities. This special section of the Digest will focus on the Capital, "How To" and Strategy & Alliance Building tracks and how they can navigate your region towards prosperity.

  • Read more about Building the Foundation for Recovery

NC Budget Boosts Funding for Life Sciences, Small Businesses in FY11

Wednesday, August 4, 2010

Several components of Gov. Bev Perdue's JobsNOW small business package related to tech-based economic development efforts in North Carolina were approved in the FY11 budget signed into law on June 30. A program to provide matching funds for Small Business Innovation Research (SBIR) will see its budget more than double in the second year of the biennium and life science programs will receive more than $22 million in recurring appropriations. The enacted budget also extends to Jan.

  • Read more about NC Budget Boosts Funding for Life Sciences, Small Businesses in FY11

Delaware Enacts New Incentives for Clean Energy Deployment

Wednesday, August 4, 2010

Joining a growing number of states investing in clean energy to promote economic growth and remain competitive, Delaware Gov. Jack Markell signed into law four renewable energy bills that he says will create new jobs by fostering the expansion of renewable energy industries such as wind and solar. Expanding the state's Renewable Portfolio Standard (RPS) and updating the Green Energy Fund to address a backlog in recipients waiting for grant dollars are among the new laws in the Clean Energy Jobs Package detailed below.

    • Read more about Delaware Enacts New Incentives for Clean Energy Deployment

    Federal Agencies Join Forces to Spur Energy Innovation

    Wednesday, August 4, 2010

    The Department of Energy and the Department of Defense have agreed to cooperate on the acceleration of clean energy innovation and strengthening the nation's energy security. Under this Memorandum of Understand (MOU), the agencies will work cooperatively together in the several areas including energy efficiency, alternative fuels and renewable energy. An under-secretary level working group will coordinate R&D efforts between the agencies. This will allow the agencies to reduce "waste" by avoiding the duplication of energy innovation efforts.

    • Read more about Federal Agencies Join Forces to Spur Energy Innovation

    Strategy & Alliance Building: Reports Offer Two Visions for Wisconsin's Economy

    Wednesday, August 4, 2010

    Two recent reports from Wisconsin economic development organizations suggest different paths for the state's economic initiatives. A white paper from the Wisconsin Technology Council (WTC) lays out a plan to increase access to capital for Wisconsin entrepreneurs, create new workforce development strategies, improve the state's infrastructure and business climate, and implement technology development and transfer strategies. Another report calls for greater coordination and streamlining of Wisconsin's existing programs through the creation of two new entities with a statewide reach.

    • Read more about Strategy & Alliance Building: Reports Offer Two Visions for Wisconsin's Economy

    Useful Stats: NSF Data Shows U.S. R&D Companies Employed 27.1 Million in 2008

    Wednesday, August 4, 2010

    The National Science Foundation (NSF) has begun reporting employment and R&D investment figures for companies that perform R&D based on the agency's new Business R&D and Innovation Survey. The inaugural data, based on 2008 results, shows that U.S. companies that perform R&D employed 27.1 million people worldwide 1.9 million of whom were directly involved in research. Domestic employment within these companies totaled 18.5 million, with 1.5 million R&D workers.

    • Read more about Useful Stats: NSF Data Shows U.S. R&D Companies Employed 27.1 Million in 2008

    TBED People and Job Opportunities

    Wednesday, August 4, 2010

    Job Corner
    i2E has three new career opportunities available in their Oklahoma City office. These positions are designed to work directly with entrepreneurs and grow the support infrastructure of early stage companies in the region.

    The positions include:

    • Read more about TBED People and Job Opportunities

    MA Economic Development Bill Aims to Increase Access to Capital, Streamline Agencies

    Wednesday, August 11, 2010

    Gov. Deval Patrick signed into law last week an economic development bill that includes the creation of the Massachusetts Growth Capital Corporation to provide access to capital and mentoring for small businesses capitalized with $35 million, and a $5 million recapitalization of the Massachusetts Technology Development Corporation to provide funds for early stage technology startups. The bill also reorganizes and consolidates economic development agencies focused on regionally based efforts to grow and attract businesses to the state, according to a press release.

    • Read more about MA Economic Development Bill Aims to Increase Access to Capital, Streamline Agencies

    Golden Leaf To Invest $4 Million in N.C. STEM Initiatives

    Wednesday, August 11, 2010

    North Carolina's Golden LEAF Foundation is seeking proposals for a special $4 million initiative to improve STEM education for 4th-to-9th graders in rural, economically-distressed and/or tobacco-dependent regions of the state. Applicants must be a governmental entity or 501(c)3 organization, and are eligible to receive up to $750,000 in funding. The program is seeking projects that have a regional focus and connect educational outcomes to the needs of local industry sectors. Letters of intent are due September 7, 2010.

    • Read more about Golden Leaf To Invest $4 Million in N.C. STEM Initiatives

    Public Policy Can Fuel the Clean Energy Economy, Report Shows

    Wednesday, August 11, 2010

    The clean energy economy has "tremendous potential for growth" due to policies that create incentives to "develop new technologies, infrastructure and processes for clean energy, efficiency and conversation," according to a recent report from the Pew Charitable Trusts. Five types of policies — Financial Incentives, Renewable Portfolio Standards, Energy Efficiency Standards, Regional Clean Energy Initiatives and Vehicle Emissions Standards — should continue to fuel the growth of the clean energy technologies over the coming years.

    • Read more about Public Policy Can Fuel the Clean Energy Economy, Report Shows

    Former Governor Tom Ridge Discusses Renewable Energy

    Wednesday, August 11, 2010

    In an interview with Globes, an Israeli business magazine, former Pennsylvania governor Tom Ridge discussed the importance of innovation in the renewable energy industry and its role in the transition from "the industrial era to the green era." Ridge said, "Renewable energy isn't another discovery and research field, it must be an applied science that will lead to energy solutions to guarantee our lives in the near and distant future." During his time in the Governor's office, Gov.

    • Read more about Former Governor Tom Ridge Discusses Renewable Energy

    Who Receives Capital and Why Does It Matter?

    Wednesday, August 11, 2010

    Two recent papers shed light on the distribution and benefits of entrepreneurial capital. A CB Insights' report on the "human capital" of venture-backed Internet companies finds that vast majority of company founders are white. They also tend to be between 35 and 44 years old, male and have MBAs. The second report provides evidence that getting angel capital boosts a company's odds of survival, securing additional funding and faster growth. These benefits derive not only from the injection of capital, but also from the sustained guidance and supervision provided by angel groups.

    • Read more about Who Receives Capital and Why Does It Matter?

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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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