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Useful Stats: Higher education R&D expenditures soar past $100B in 2023

Thursday, January 9, 2025

The most recent  Higher Education R&D (HERD) survey revealed the largest year-over-year percentage increase in higher education R&D since 2002 to 2003 and dollar increase across all fiscal years (FYs) captured by the survey. HERD expenditures breached the $100 billion mark in 2023, having grown 11% from $97.8 billion in 2022 to $108.8 billion in 2023 (7% in constant 2017 dollars, from $82.9 to $89 billion).

  • Read more about Useful Stats: Higher education R&D expenditures soar past $100B in 2023

Dread: Minnesota manufacturing report finds overall anxiety and concerns with the state’s business climate, the economy, and manufacturing sector

Thursday, January 9, 2025

Enterprise Minnesota, the official Manufacturing Extension Partnership (MEP) Center for the state, recently released its annual State of Manufacturing survey.

  • Read more about Dread: Minnesota manufacturing report finds overall anxiety and concerns with the state’s business climate, the economy, and manufacturing sector

Final semiconductor R&D facility location among latest CHIPS for America awards

Thursday, January 9, 2025

The U.S. Department of Commerce recently announced the third major R&D facility as part of its CHIPS for America program. This new facility will be located at the Arizona State University (ASU) Research Park in Tempe, Arizona.

  • Read more about Final semiconductor R&D facility location among latest CHIPS for America awards

House AI report makes recommendations supporting R&D, workforce, and AI small business integration

Thursday, January 9, 2025

The federal government spending on non-defense AI R&D has increased from $560 million in fiscal year 2018 to $2.1 billion in 2023, according to the bipartisan House Task Force on Artificial Intelligence report released in the closing month of the 118th session.

  • Read more about House AI report makes recommendations supporting R&D, workforce, and AI small business integration

Massachusetts voters approved unionization efforts for ride-hailing drivers

Thursday, January 9, 2025

In last November’s general election, Massachusetts voters approved Question 3: the Unionization and Collective Bargaining for Transportation Network Drivers Initiative, allowing the state’s more than 80,000 Uber and Lyft drivers to unionize and collectively bargain for better wages and working conditions.

  • Read more about Massachusetts voters approved unionization efforts for ride-hailing drivers

ARC makes ARISE awards

Thursday, December 19, 2024

The Appalachian Regional Commission (ARC) recently awarded  $14.5 million in Appalachian Regional Initiative for Stronger Economies (ARISE) grants for five projects.

  • Read more about ARC makes ARISE awards

Treasury announces millions in new tribal government funding through SSBCI

Thursday, December 19, 2024

The U.S. Department of the Treasury (Treasury) announced at the Native CDFI Network’s Annual Policy and Capacity Building Summit $8.6 million in additional support for tribal nations through the State Small Business and Credit Initiative (SSBCI) 2.0 program, published in a readout.

  • Read more about Treasury announces millions in new tribal government funding through SSBCI

The National Defense Authorization Act includes up to $500M for the Tech Hubs program

Thursday, December 19, 2024

U.S. Senator Maria Cantwell (D-Wash.), Chair of the Senate Commerce Committee and key architect of the CHIPS and Science Law, secured up to $500 million in federal investments to preserve and expand the Regional Tech Hubs (Tech Hubs) program. Sen. Cantwell secured the funding as part of the National Defense Authorization Act (NDAA), which is set to pass before the end of the year. SSTI helped lead a coalition that advocated for the provision and additional funding for Tech Hubs.

  • Read more about The National Defense Authorization Act includes up to $500M for the Tech Hubs program

U.S. Department of Commerce announces multiple CHIPS and Science Act Awards at year’s end

Thursday, December 19, 2024

FYI This Week, a science policy newsletter from the American Institute of Physics, reported in their November 25 article Commerce aims to commit CHIPS money before Trump returns that “Commerce Secretary Gina Raimondo said … she is trying to allocate all the semiconductor manufacturing and research funds appropriated by the CHIPS and Science Act before President Joe Biden leaves office." Since Raimondo made that statement, the U.S.

  • Read more about U.S. Department of Commerce announces multiple CHIPS and Science Act Awards at year’s end

Useful Stats: Reviewing 50 years of personal income by county

Thursday, December 19, 2024

Personal income[1] has increased from $1.25 trillion in 1974 to $23.38 trillion in 2023 nationwide, a nearly nineteen-fold increase over the past 50 years. Meanwhile, per capita personal income (PCPI), a metric of personal income standardized by population, has only seen a twelvefold increase from $5,836 to $69,810 over the same period. SSTI reveals these numbers from its analysis of new U.S.

  • Read more about Useful Stats: Reviewing 50 years of personal income by county

Registration for SSTI’s Annual Conference closes December 3!

Thursday, November 21, 2024

If you haven’t already done so, now is the time to register for SSTI’s Annual Conference.

If you haven’t already done so, now is the time to register for SSTI’s Annual Conference. The registration deadline is December 3—that’s less than two weeks away! Register now to ensure your spot as practitioners and policymakers from around the country come together to learn from each other the best way to advance their innovation economy. The agenda contains four plenary sessions with national thought leaders and more than 20 breakout sessions to help plan for 2025 and beyond. Sessions include:

  • Read more about Registration for SSTI’s Annual Conference closes December 3!

Massachusetts lawmakers approve $4B for major initiatives in life sciences, climatetech, and AI

Thursday, November 21, 2024

On Nov.

  • Read more about Massachusetts lawmakers approve $4B for major initiatives in life sciences, climatetech, and AI

CHIPS announcements include a $285M to establish SMART USA Institute, incentives with TSMC Arizona, and $300M for semiconductor packaging R&D

Thursday, November 21, 2024

CHIPS for America recently announced $285 million to establish the Semiconductor Manufacturing and Advanced Research with Twins (SMART) USA Institute, which will focus on semiconductor manufacturing and advanced packaging.

  • Read more about CHIPS announcements include a $285M to establish SMART USA Institute, incentives with TSMC Arizona, and $300M for semiconductor packaging R&D

SSTI thanks its conference partners

Thursday, November 21, 2024

SSTI extends a huge “thank you” to all of the organizations partnering with us to make SSTI’s 2024 Annual Conference a success! Please take a moment now to learn more about our partners here and then be sure to visit them in person this December.

 

  • Read more about SSTI thanks its conference partners

AURP recognizes SSTI President with Career Achievement award

Thursday, November 21, 2024

The Association of University Research Parks (AURP) recognized Dan Berglund, SSTI president, with a Career Achievement Award at its International Conference earlier this month. In a press release, AURP said, "Through the course of his SSTI career, Dan’s leadership has made a significant contribution to the advancement and recognition of the innovation ecosystem, including the Innovation Advocacy Council.”

  • Read more about AURP recognizes SSTI President with Career Achievement award

Treasury releases 2022-23 SSBCI Annual Report

Thursday, November 21, 2024

The United States Department of the Treasury’s (Treasury) new 2022-2023 State Small Business Credit Initiative (SSBCI) 2.0 Annual Report highlights the nearly $10 billion program to enhance access to capital for small businesses, particularly those in underserved communities.

  • Read more about Treasury releases 2022-23 SSBCI Annual Report

SSBCI at SSTI Annual Conference

Thursday, November 21, 2024

SSTI will continue the conversation about the SSBCI program at the Annual Conference. SSBCI director, Jeff Stout, will provide an update on the program in The latest on Treasury’s $10 billion investment in small businesses. The session will provide insights into Treasury's current thinking and to better understand how SSBCI might be better leveraged as a regional resource. SSBCI outreach team member Karl Fooks will moderate the session, How regions are adapting to trends in equity investment.

  • Read more about SSBCI at SSTI Annual Conference

SSTI Conference room block expires Monday, November 18

Thursday, November 14, 2024

We’ve negotiated an extraordinary room rate for this year’s conference: $209 plus nominal taxes and fees at the conference venue, the Sheraton Grand at Wild Horse Pass in the Gila River Indian Community within the Phoenix, Arizona Metro Region. But our negotiated rate expires once the room block fills or after Monday, November 18.

Reserve Your Room

Additionally, our registration closes on December 3, so why not check both these items off your to do list and do them now?

  • Read more about SSTI Conference room block expires Monday, November 18

Election 2024 results: Three innovation funding issues pass, other ballot measures have mixed results

Thursday, November 14, 2024

Forty-one states and Puerto Rico voted on 151 statewide ballot measures this fall. Many measures focused on abortion, citizenship, or electoral system reforms. Three measures with direct connection to innovation all were approved by voters, augmenting the strong track record tech-based economic development initiatives have when they are placed directly before voters.

  • Read more about Election 2024 results: Three innovation funding issues pass, other ballot measures have mixed results

Election 2024: states’ ballot measure initiatives impacting TBED

Thursday, October 10, 2024

Forty-one states and Puerto Rico will vote on 151 statewide ballot measures this fall.   

Forty-one states and Puerto Rico will vote on 151 statewide ballot measures this fall.   

Many of this year’s measures focus on abortion; citizenship or electoral system reforms (such as Arizona’s Proposition (Prop) 133 and Missouri’s Amendment 7, which would prohibit ranked-choice voting, while Idaho’s Prop 1, Nevada’s Question 3, and Oregon’s Measure 117 would establish ranked-choice voting); criminal justice or drug use policies (including the legalization of recreational (Florida, North Dakota, and South Dakota) or medical (Nebraska) marijuana, as well as certain psychedelic substances (Massachusetts could be the third state to legalize psilocybin); and minimum wage increases. Voters in Alaska, California, Massachusetts, and Missouri will decide on minimum wage increases, with Nebraska voters deciding on an initiative requiring paid sick leave for employees. In Arizona, voters will decide whether tipped workers should be paid 25% less per hour than minimum wage.

A dozen initiatives would impact tech-based economic development—providing funding for initiatives, changing the electoral or redistricting system, altering taxes, or modifying the governance of higher education.

  • Read more about Election 2024: states’ ballot measure initiatives impacting TBED

Public confidence in scientists up slightly; public increasingly not satisfied with how scientists communicate

Thursday, November 14, 2024

About three-quarters of Americans (76%) say they have either a great deal (26%) or a fair amount (51%) of confidence in scientists to act in the best interests of the public, according to a new Pew Research Center report.

  • Read more about Public confidence in scientists up slightly; public increasingly not satisfied with how scientists communicate

Latest SSTI survey to be released at SSTI Annual Conference

Thursday, November 14, 2024

The TBED community, similarly to research scientists, faces communication challenges with elected officials, regional stakeholders, and even their friends and family. SSTI has conducted three surveys over the last nine years to uncover problematic jargon, illuminate alternative approaches, and inform our members’ communication strategies. At the SSTI Annual Conference, we'll present the latest results from a focus group and survey that will help the community communicate better with non-TBED audiences.

  • Read more about Latest SSTI survey to be released at SSTI Annual Conference

The Wisconsin Manufacturing Report provides recommendations that could help companies nationwide to navigate uncertainties and challenges

Thursday, November 14, 2024

The Wisconsin Center of Manufacturing & Productivity (WCMP) recently released its fourth annual Wisconsin Manufacturing Report, a comprehensive overview of the state's manufacturing sector.

  • Read more about The Wisconsin Manufacturing Report provides recommendations that could help companies nationwide to navigate uncertainties and challenges

Canadian program similar to SBIR faces big budget cuts

Thursday, November 14, 2024

The Innovative Solutions Canada (ISC) program is often compared to the U.S. Small Business Innovative Research (SBIR) program. And, like the SBIR program, ISC has faced criticism from skeptics despite metrics that show the program delivers high returns on investment. When Canada’s Budget 2023 Initiative recommended reallocating 14.1 billion Canadian dollars (CAD) in federal spending, each Ministry was tasked to identify programs that did not address the government’s top priorities.

  • Read more about Canadian program similar to SBIR faces big budget cuts

NATCAST selects CA, NY for semiconductor R&D facilities

Thursday, November 7, 2024

NATCAST, the operator of the National Semiconductor Technology Center (NSTC) tasked with bolstering the United States' semiconductor industry, announced Albany NY and Sunnyvale CA as the locations for two major R&D facilities. The funding comes from the CHIPS and Science Act of 2022, legislation aimed at revitalizing American semiconductor manufacturing and research.

  • Read more about NATCAST selects CA, NY for semiconductor R&D facilities

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Recent news from the SSTI Digest

The state of US venture capital investment in four charts. How might your innovation startups fare if investment trends hold?

Thursday, January 15, 2026

With 2025 behind us, and some time for the data to stabilize, we can look back at VC activity and try to understand what it means for TBED efforts going forward. The VC storyline of 2025 should be familiar to anyone who has been following investment news. Record funding rounds, huge amounts of capital deployed, questions of an AI bubble. Where amongst the big flashy lights of AI mega-deals do we find the subtlety and nuance that informs TBED investor activity and policy?

venture capital
startups

FSGG appropriations language favors innovation programs

Thursday, January 15, 2026

The Financial Services and General Government appropriations bill for FY 2026 passed the House of Representatives yesterday and now moves to the Senate where passage is also expected. The bill sets spending levels for several agencies supporting regional innovation, economic development, and investment. Foremost are the Treasury and Small Business Administration; selected highlights are provided below.

fy26budget
sba
cdfi
higher ed

New benchmarking tool illuminates how AI is accelerating job market changes

Thursday, January 15, 2026

All too often, jobseekers and employers seem to exist in non-compatible realities. While jobseekers flood the job market with descriptions of their generalized skills in communication, leadership, and problem-solving to fill various roles in different sectors, employers are looking for the more specific skills that will get the job done, say the authors of a report from the Wharton School and Accenture. And they propose that AI is accelerating this shift from a role-based economy to a skills-based economy.

AI
jobs
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