A month after a federal court ruled that high-speed Internet service can be defined as a utility, four states have announced commitments to expand high quality, reliable broadband services to rural areas and other underrepresented groups. Two Midwest states, Wisconsin and Minnesota, will provide funding to help support projects that improve access to broadband and spur economic prosperity.
Attracting and retaining talented workers is a critical element in a technology-based economy. In the U.S., a major source of this talent comes from international students, many of whom stay in the United States to work after graduation – especially in STEM industries. New research from economists at the University of California at Santa Barbara examines why international students may choose to study in the U.S., as well as what compels them to either remain in the country or go elsewhere after earning their degrees.
A recently released analysis of mayoral State of the City addresses finds that economic development was the most frequently mentioned topic in such speeches for the third straight year. The National League of Cities’ (NLC) State of the Cities 2016 report reviews speeches from 100 mayors across the United States and in cities with populations ranging from 50,000 to more than 300,000. Economic development was mentioned in 75 percent of mayoral speeches, making it the biggest issue on mayors’ agenda – ahead of public safety (70 percent) and city budgeting (52 percent) – according to a NLC press release.
Two recently released indices assess countries and cities on the characteristics that enable female entrepreneurship. The 2015 Female Entrepreneurship Index finds the U.S., Australia, the U.K., Denmark and the Netherlands offer the world’s most attractive environments for high-potential female entrepreneurship. Meanwhile, the Dell Women Entrepreneur Cities Index ranks New York City, California’s Bay Area, London, Stockholm and Singapore as the top cities for female entrepreneurship.
The National Science Foundation (NSF), in partnership with the American Association of Community Colleges (AACC), announced the winners of the Community College Innovation Challenge – a competition that challenged teams of community college students to propose innovative science, technology, engineering and mathematics (STEM)-based solutions to real-world problems. A team from Forsyth Technical Community College in North Carolina placed first in the challenge with its Energy Efficient Nanotech Solar Greenhouse idea.
Kentucky and New Hampshire recently have announced job training initiatives to address the needs of key industries at both the local and state levels. The Kentucky Work Ready Skills Initiative, a $100 million statewide bond program, is intended to meet “the needs of employers and promote sustainable incomes for Kentuckians.” Meanwhile, the launch of New Hampshire’s Manufacturing Sector Partnership, a statewide collaboration for industries to address their workforce needs, was announced.
In June, Virginia Gov. Terry McAuliffe announced that Virginia businesses can offer registered apprenticeships to individuals in three cybersecurity occupations – Information Security Analyst; Cyber Security Analyst; and, Incident Response Analyst. The Virginia Apprenticeship Council approved the three new registered apprenticeships as well as the criteria that registered apprentices in cybersecurity must learn and demonstrate through the program for the necessary proficiency in the cybersecurity field.
Indiana Gov. Mike Pence announced plans to invest $1 billion over the next 10 years to advance innovation and entrepreneurship in the state, and to ensure the Hoosier State plays a leading role in solving 21st century challenges, while supporting Indiana’s long-term economic growth, job creation and talent attraction.
Skilled technology workers are gravitating toward cities where the cost of living is lower and more jobs are available, according to real estate research firm CBRE's annual Scoring Tech Talent report, a ranking of 50 U.S. and Canadian markets based on their perceived ability to attract and grow tech talent.
Around the world, accelerator programs continue to multiply, prompting the need for continued research on what they are, how they operate, and how they can be evaluated. The Global Accelerator Report 2015, recently released by Gust and Fundacity, highlights the global development of the accelerator industry and includes details on how accelerators are funded and insights into the industry’s future.
At the end of 2015, there were concerns that the Venture Capital (VC) industry had peaked and there would be a quick return to 2013 VC investment levels.
The National Science Foundation (NSF) announced approximately $10 million in new funding through its Partnerships for Innovation (PFI) program. The PFI program offers NSF-funded researchers at institutions of higher education opportunities to connect new knowledge to societal benefit through translational research efforts and/or partnerships that encourage, enhance, and accelerate innovation and entrepreneurship.
The National Science Foundation (NSF) released its Strategic Framework for Investments in Graduate Education for FY 2016-FY 2020 that addresses NSF’s goals in supporting graduate education and formulates a set of strategic objectives to meet those goals by 2020. The three goals outlined by NSF include:
With the U.S. facing an anticipated skills gap of two million manufacturing jobs by 2025, SME – a national manufacturing workforce development organization – launched the SME High School Membership program – a free online platform to “educate the next generation on the value of manufacturing and encourage careers in the field.” The new platform is the expansion of a pilot program that engaged more than 600 high school students via memberships, which included SME’s 16 PRIME (Partnership Response In Manufacturing Education) schools. Utilizing STEM Premier’s online platform, students can create a digital profile to showcase their skills and abilities; receive customized academic and career guidance; match up with $20 billion in scholarship opportunities; and, directly connect with colleges and companies looking to recruit.
The angel investor market in 2015 had a slight increase in investment dollars and in the deal size according to a new report from the Center for Venture Research (CVR) at the University of New Hampshire.
The Senate Committee on Small Business and Entrepreneurship held America Without Entrepreneurs: The Consequences of Dwindling Startup Activity last week. Citing the decades-long decline in new business creation as a motivating factor, senators’ remarks and questions identified regulation and student debt as contributing factors to this decline and to supporting basic research and immigration policy as potential solutions. The majority of the discussion focused on geographic disparities in innovation and how to better share the promise of economic prosperity going forward.
You talk about your program often, tout its successes (?) and share with stakeholders your program’s impact. Why not let the entire country in on your good work? The SSTI Excellence in TBED awards program can provide your organization with that national audience of your peers!
As the potential nexus of tech-based economic development and community development, cities play an important role in not only making their cities attractive to startups that help drive economic prosperity, but also in bringing together community members to take collective action and generate solutions to common problems. In an attempt to address both of these important issues, several metros have announced new city-backed investment funds that support both startup growth and impact the lives of city residents.
This week, the Appalachian Regional Commission (ARC) and the Department of Commerce’s Economic Development Administration (EDA) announced that FY 2016 funds for the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) program are now available. Now in its second year, POWER is a multi-agency effort to invest federal economic and workforce development resources in communities and regions negatively impacted by changes in the coal economy.
More than 85 percent of the nation’s total income growth between 2009 and 2013 went to the top 1 percent of earners, according to a recently released report from the Economic Policy Institute (EPI). Furthermore, the top 1 percent captured at least half of all income growth in 24 states between 2009 and 2013, and the entirety of income growth in 15 of those states during the same timeline.
The Clinton campaign released on Tuesday, Hillary Clinton’s Initiative on Technology & Innovation, a wide-ranging platform with a heavy emphasis on technology-based economic development.
Each month, several Federal Reserve Banks post survey results for manufacturing activity within their districts. The June results for those released to date vary sharply by region.
The National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership (NIST-MEP) released a federal funding opportunity (FFO) for the operation of MEP state centers in 11 states – Delaware, Hawaii, Iowa, Kansas, Maine, Mississippi, New Mexico, Nevada, North Dakota, South Carolina, and Wyoming. The objective of the MEP Center program is to provide business and technical servi
Deadline Extended Until July 15, 2016!
SSTI has extended the due date for SSTI Excellence in TBED Awards applications to July 15, 2016. We hope the extended time will help you perfect an organizational narrative that is worthy of national recognition. The application process is as simple as one, two, three:
In 2012, the President’s Council of Advisors on Science and Technology (PCAST) released Engage to Excel – a five point strategy to increase the STEM pipeline by an additional one million workers. To achieve this goal of one million additional STEM workers, PCAST highlighted the importance of freshman research experiences for STEM students.