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SBA announces 44 FAST awardees

Thursday, October 6, 2022

The U.S. Small Business Administration (SBA) recently announced 44 FAST awards, including 12 new awards,  totaling over $5.4 million, with each up to $125,000 for specialized training, mentoring, and technical assistance for research and development.

  • Read more about SBA announces 44 FAST awardees

Manufacturing Week celebrates industry while employment grows

Thursday, October 6, 2022

As Manufacturing Week kicks off on Friday, Oct. 7, the U.S. Census Bureau and Manufacturing USA are providing valuable manufacturing statistics and data to help inform policymakers and businesses, while also highlighting careers in the industry.

  • Read more about Manufacturing Week celebrates industry while employment grows

DOL rescinds IRAPs, refocusing on long-standing Registered Apprenticeship model for success

Thursday, October 6, 2022

Citing an 85-year record of promoting higher quality training and worker protection standards, the U.S. Department of Labor (DOL) has rescinded the short-lived Industry-Recognized Apprenticeship Program (IRAP) in favor of the established Registered Apprenticeship (RA) program.

  • Read more about DOL rescinds IRAPs, refocusing on long-standing Registered Apprenticeship model for success

51 recipients share $47 million in EDA Build to Scale awards

Thursday, October 6, 2022

A total of $47 million has been awarded to 51 organizations by the U.S. Economic Development Administration to support programs that accelerate innovation and tech-based economic development as part of the Build to Scale program,  U.S. Secretary of Commerce Gina Raimondo announced yesterday. The 2022 awardees will leverage an additional $48 million in matching funds from private and public sector sources.

  • Read more about 51 recipients share $47 million in EDA Build to Scale awards

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

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

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

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

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

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

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

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

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

Recent announcements reveal “mega” trends in electric vehicle and battery manufacturing expansions

Thursday, August 25, 2022

The recently approved Inflation Reduction Act with new incentives for electric vehicle ownership and energy efficiency is likely to continue a trend among states for the location of major economic development projects, a trend toward everything mega—megasites, megadeals, mega factories, and mega projects.

  • Read more about Recent announcements reveal “mega” trends in electric vehicle and battery manufacturing expansions

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

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

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

$36.5 million awarded to 50 recipients for Build to Scale program

Thursday, September 30, 2021

The U.S. Economic Development Administration today announced the 50 organizations that will share in grants totaling $36.5 million to support programs that fuel innovation and tech-based economic development as part of the Build to Scale program.

The U.S. Economic Development Administration today announced the 50 organizations that will share in grants totaling $36.5 million to support programs that fuel innovation and tech-based economic development as part of the Build to Scale program. The 2021 awardees will leverage an additional $40 million in matching funds from a variety of private and public sector sources. SSTI has been a proponent of the Build to Scale program, which had not received any federal appropriations prior to the creation of SSTI’s Innovation Advocacy Council.

  • Read more about $36.5 million awarded to 50 recipients for Build to Scale program

Primer considers policy options that could grow bioeconomy

Thursday, August 26, 2021

A new Congressional Research Service (CRS) primer provides an overview of the bioeconomy and offers some potential federal policy considerations for strengthening the competitiveness of the U.S. in the global bioeconomy. Although it does not cover individual sectors that contribute to the bioeconomy, it gives a broad, macro-level perspective that may aid in a general understanding of that segment of the economy. The report offers an overview of past federal and legislative bioeconomy initiatives, but notes that it is not a comprehensive compilation of those activities.

  • Read more about Primer considers policy options that could grow bioeconomy

Useful Stats: Federal S&E funding to higher ed by city, institution, and type of activity in 2019

Thursday, August 26, 2021

Understanding how federal funding for the science and engineering (S&E) activities of the nation’s institutions of higher education (IHEs) is distributed locally within states can help innovation leaders develop programs and policies tailored more carefully to the varying conditions of regional innovation economies.

  • Read more about Useful Stats: Federal S&E funding to higher ed by city, institution, and type of activity in 2019

PA creating Innovation Economy Dashboard

Thursday, August 26, 2021

The Pennsylvania Department of Community and Economic Development (DCED) in partnership with a student team at Carnegie Mellon University has developed a new Innovation Economy Dashboard that is intended to help inform policymaking decisions based on reliable data. The dashboard and an accompanying report on Pennsylvania’s Innovation Economy originated from Gov.

  • Read more about PA creating Innovation Economy Dashboard

New America seeks to support novel community college workforce development programs

Thursday, August 26, 2021

New America has announced a second round of funding for their New Models for Career Preparation program, a project that aims to discover scalable principles that go into creating high-quality, non-degree programs at community colleges.

  • Read more about New America seeks to support novel community college workforce development programs

Primer considers policy options that could grow bioeconomy

Thursday, August 26, 2021

A new Congressional Research Service (CRS) primer provides an overview of the bioeconomy and offers some potential federal policy considerations for strengthening the competitiveness of the U.S. in the global bioeconomy. Although it does not cover individual sectors that contribute to the bioeconomy, it gives a broad, macro-level perspective that may aid in a general understanding of that segment of the economy. The report offers an overview of past federal and legislative bioeconomy initiatives, but notes that it is not a comprehensive compilation of those activities.

  • Read more about Primer considers policy options that could grow bioeconomy

Federal Reserve examines racial equity challenges within fintech

Thursday, August 26, 2021

Prior to the COVID-19 outbreak and made more urgent by its financial impact on low-income households and households of color, the Federal Reserve Bank of San Francisco’s Fintech Team and the Aspen Institute’s Financial Security Program has been exploring how the greater racial equity goals in financial systems intersects with the growing field of digital financial technology, or fintech.

  • Read more about Federal Reserve examines racial equity challenges within fintech

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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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