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SBA announces new recipients of FAST awards

Thursday, August 12, 2021

Yesterday, the U.S.

Yesterday, the U.S. Small Business Administration issued 33 grant awards up to $125,000 each for specialized training, mentoring, and technical assistance for research and development (R&D)-focused small businesses under the Federal and State Technology (FAST) Partnership Program.  FAST seeks to improve outcomes in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs for underserved communities by increasing participation from women-owned, rural-based, and socially or economically disadvantaged small businesses.

  • Read more about SBA announces new recipients of FAST awards

Useful Stats: Nearly 90 percent of all federal support to colleges and universities for science & engineering in 2019 came from just three agencies

Thursday, August 12, 2021

Federal funding is a major source of support for the science and engineering (S&E) activities of the nation’s institutions of higher education (IHEs). This week’s edition of Useful Stats shows that in 2019 (the most recent year for which data is available), the vast majority — 87.6 percent or $33.4 billion— of that federal support came from only three agencies: the Department of Health and Human Services (HHS), the National Science Foundation (NSF), and the Department of Defense (DoD).

  • Read more about Useful Stats: Nearly 90 percent of all federal support to colleges and universities for science & engineering in 2019 came from just three agencies

Regional innovation highlights in infrastructure bill

Thursday, August 5, 2021

Editor’s note: The Senate passed the Infrastructure and Investment Jobs Act on Aug. 10, 2021. This article has been updated to reflect the final amendments and new information on next steps for the legislation.

  • Read more about Regional innovation highlights in infrastructure bill

SSTI provides brief on SSBCI

Sunday, August 1, 2021

The American Rescue Plan Act provides $10 billion for the State Small Business Credit Initiative (SSBCI) as part of the national response to the coronavirus pandemic-induced recession. This funding is unlike other small business assistance programs funded during the emergency so far in that SSBCI specifically provides funds to states — at least $56 million per state — to use for their own capital access initiatives, including programs that make investments in small businesses.

  • Read more about SSTI provides brief on SSBCI

Some universities canceling student debt

Thursday, August 5, 2021

In an unexpected turn of events, some college students around the country have been logging into their accounts to check on account balances and finding them canceled. Many institutions of higher education across the country have been taking advantage of federal assistance provided through the CARES Act Higher Education Emergency Relief funds (HEERF) to cancel student debt. HEERF I, II and III represent three programs that Congress appropriated to higher education to help prevent, prepare for, and respond to coronavirus, including emergency financial grants to students.

  • Read more about Some universities canceling student debt

NSF’s 11 new AI institutes total $220M and expand reach to 40 states

Thursday, August 5, 2021

The National Science Foundation has announced the establishment of 11 new NSF National Artificial Intelligence Research Institutes, reaching a combined investment of $220 million and including a total of 40 states when adding the original seven institutes announced last year. The institutes are expected to act as connections in a broader nationwide network and will be led by NSF in partnership with the U.S.

  • Read more about NSF’s 11 new AI institutes total $220M and expand reach to 40 states

NSF commits $50M to broaden STEM participation

Thursday, August 5, 2021

The U.S. National Science Foundation has announced the establishment of five new NSF INCLUDES Alliances to enhance preparation, increase participation and ensure the inclusion of individuals from historically underrepresented groups in science, technology, engineering and mathematics education. The investment is part of an effort to address diversity, inclusion and participation challenges in STEM at a national scale.

  • Read more about NSF commits $50M to broaden STEM participation

Useful Stats: Federal support to colleges and universities for science & engineering by state and type of activity, 2019

Thursday, August 5, 2021

Developing local assets and nurturing local talent in science and engineering (S&E) is paramount to productive innovation economies. Institutions of higher education (IHEs) are arguably the most important elements of these local knowledge-capital assets — housing physical R&D infrastructure, training new scientists and engineers, and creating and disseminating new knowledge across the academic, public, and private sectors.

  • Read more about Useful Stats: Federal support to colleges and universities for science & engineering by state and type of activity, 2019

Economic development and the tipping point

Thursday, February 14, 2019

As the number of weather-related news stories increase, more Americans are recognizing the world’s climate is changing (see here and here, for instance).

As the number of weather-related news stories increase, more Americans are recognizing the world’s climate is changing (see here and here, for instance). Cold temperatures and large amounts of precipitation may hold our immediate attention (we are, after all, a culture increasingly obsessed with the short-term, instant or immediate), but a larger story is unfolding that has the scientists who have studied various aspects of climate-related issues for decades increasingly using a two-word phrase that could have terrifyingly significant repercussions if, and when, we can look back to see it is truly happening. The phrase is tipping point – that moment when certain aspects fueling climate change will fuel themselves, creating feedback loops independent of our own future behavior. 

  • Read more about Economic development and the tipping point

Useful Stats: Median Household Income by State, 1984-2018

Thursday, October 24, 2019

While rankings and annual indices are catnip for some looking to gain attention for their latest rankings, SSTI has always argued that it’s long-term trends that give the best sense of where a state or region stands. With recent release of income data, SSTI has examined the last 34 years data in median household income for each state. SSTI found that while median household income — adjusted to 2018 dollars — has risen in nearly every state and the U.S. since 1984 with an average annual rate of increase of 0.8 percent, the growth, not surprisingly, varies widely among individual states.

While rankings and annual indices are catnip for some looking to gain attention for their latest rankings, SSTI has always argued that it’s long-term trends that give the best sense of where a state or region stands. With recent release of income data, SSTI has examined the last 34 years data in median household income for each state. SSTI found that while median household income — adjusted to 2018 dollars — has risen in nearly every state and the U.S. since 1984 with an average annual rate of increase of 0.8 percent, the growth, not surprisingly, varies widely among individual states.

  • Read more about Useful Stats: Median Household Income by State, 1984-2018

Useful Stats: Business R&D growing more concentrated in fewer states

Thursday, October 17, 2019

Business R&D activity has been historically concentrated in a few states and became even more so in 2017, according to a National Science Foundation issue brief on the latest Business Research & Development and Innovation Survey (BRDIS).

  • Read more about Useful Stats: Business R&D growing more concentrated in fewer states

Useful Stats: SBIR/STTR application success rates decreased from 2019 to 2020 at NASA

Thursday, July 22, 2021

Editor's note: SSTI discovered that NASA updated their data which was used in this article after its publication. Specifically, the update included previously omitted 2020 application and awards data for Kentucky, Maine, Mississippi, and Nevada; and 2014 data for Iowa. While the changes to the data were minute, we strive to provide the most accurate and reliable data available. As such, the article and the interactive graphic below have been updated to reflect these changes.

  • Read more about Useful Stats: SBIR/STTR application success rates decreased from 2019 to 2020 at NASA

VCs invest at historic levels, but deal funnel shifting

Thursday, July 29, 2021

The PitchBook-NVCA Venture Capital Monitor for the first half of 2021 reveals that the market is set to break a number of investing records, but strikingly, the record levels of investment activity are all being set by the later stages of investment. At the other end of the funnel, activity is increasing, but not at the same pace as the overall market.

  • Read more about VCs invest at historic levels, but deal funnel shifting

Defense supply chains in need of overhaul; task force recommends action

Thursday, July 29, 2021

Vulnerabilities in the international networks that supply goods and services needed for finished products used by the Department of Defense were exposed to a higher degree during the pandemic, and became the subject of a congressional Armed Services task force. The bipartisan Defense Critical Supply Chain Task Force was established to make the security of the U.S.

  • Read more about Defense supply chains in need of overhaul; task force recommends action

$60M investment from DOE to increase energy efficiency in manufacturing goes to 32 Industrial Assessment Centers

Thursday, July 29, 2021

The U.S. Department of Energy (DOE) announced $60 million in funding for its largest-ever cohort of university-based Industrial Assessment Centers (IACs) to assist small- and medium-sized manufacturers in reducing their carbon emissions and lowering energy costs.

  • Read more about $60M investment from DOE to increase energy efficiency in manufacturing goes to 32 Industrial Assessment Centers

Examining what work could look like after the pandemic and its implications for economic development

Thursday, July 29, 2021

Falling demand for office real estate and public transit, greater need for flexible child care and requirements for reskilling are some of the insights gained into the future of Massachusetts’ workforce.

  • Read more about Examining what work could look like after the pandemic and its implications for economic development

EDA makes $3 billion available for regional economies

Thursday, July 22, 2021

Today, the Economic Development Administration (EDA) announced funding opportunities for the $3 billion Congress provided the agency in the American Rescue Plan Act. Funds are available through six distinct challenges, with separate goals and application processes/deadlines for each.

  • Read more about EDA makes $3 billion available for regional economies

Innovation Advocacy Council chair testifies on SBA programs and job creation

Thursday, July 22, 2021

Last week, SSTI’s Innovation Advocacy Council chair Ben Johnson (also of BioSTL) testified before a subcommittee of the House Committee on Small Business about the role that innovation plays in job creation and how the U.S. Small Business Administration’s (SBA) Regional Innovation Clusters (RIC) and Growth Accelerators Fund Competition (GAFC) support these efforts.

  • Read more about Innovation Advocacy Council chair testifies on SBA programs and job creation

House committee approves $50 million for Build to Scale, $275 million for MEP and more

Thursday, July 22, 2021

The House Committee on Appropriations advanced an FY 2022 funding bill that provides for substantial increases to many science and innovation programs.

  • Read more about House committee approves $50 million for Build to Scale, $275 million for MEP and more

Former NIST innovator nominated Commerce Undersecretary for Standards and Technology

Thursday, July 22, 2021

President Joe Biden nominated Laurie Locascio, Ph.D., to lead the National Institute of Standards and Technology (NIST) within the U.S. Department of Commerce and serve as Undersecretary for Standards and Technology.

  • Read more about Former NIST innovator nominated Commerce Undersecretary for Standards and Technology

Arkansas’s economic recovery strategy has wider applicability

Thursday, July 8, 2021

Whether or not your state embraced strict measures in an attempt to reduce virus spread, the current pandemic has created the need for reflection and revision of how each of us go about our lives. The same opportunity has arisen for the public and private sectors to rethink how they engage in many core functions.

  • Read more about Arkansas’s economic recovery strategy has wider applicability

Census Bureau seeks comment on Business Enterprise Research & Development survey

Thursday, July 8, 2021

When planning and evaluating programs and policies in local and regional innovation economies, a key measure is the amount of private business research and development (R&D) activity taking place, typically found in the Business Enterprise Research & Development Survey (BERD). The Census Bureau, in cooperation with the National Science Foundation’s National Center for Science and Engineering Statistics (NCSES), is seeking public comment on planned updates to the BERD survey.

  • Read more about Census Bureau seeks comment on Business Enterprise Research & Development survey

Useful Stats: High-propensity business applications by state, 2006-2020

Thursday, July 8, 2021

Recession can drive increases in entrepreneurship as laid off workers look for other opportunities and start their own businesses. Increases in business startup activity throughout the 2020 recession were greater than any time in the 15 years prior. This edition of Useful Stats examines data from the Census Bureau’s Business Formation Statistics (BFS) series covering business initiation activity as indicated by applications for an Employer Identification Number (EIN).

  • Read more about Useful Stats: High-propensity business applications by state, 2006-2020

Want better industry and tech strategies? We need better data collection, ITIF says

Thursday, July 8, 2021

The federal government has not developed strategic economic intelligence to understand the competitive position of its traded sectors, and the time is now for a more advanced technology strategy and that will require a better data collection system. That is one of the key takeaways of a recent report from the Information Technology and Innovation Foundation (ITIF). The report identifies three key areas with major statistical gaps and calls on Congress to fund modernization and expansion of federal statistical agency IT systems.

  • Read more about Want better industry and tech strategies? We need better data collection, ITIF says

Entrepreneurship has declined while student loan debt has increased, Kauffman reports

Thursday, July 8, 2021

Nearly 1 in 6 adults carrying outstanding student loan debt (1 in 3 among 18 to 29 year olds), with both the number of borrowers and the debt amount increasing in recent decades.

Nearly 1 in 6 adults carrying outstanding student loan debt (1 in 3 among 18 to 29 year olds), with both the number of borrowers and the debt amount increasing in recent decades. Meanwhile, the share of new entrepreneurs aged 20 to 34 declined from 34 percent to 27 between 1996 and 2019, and a new issue brief from the Ewing Marion Kauffman Foundation notes that among individuals who start businesses, higher levels of student loan debt are negatively related to business income and employment. Noting that the debt can directly affect an individual’s overall personal financial resources, and indirectly affect ability to start a business, the brief extends some considerations for decision makers who seek to respond to those challenges.

  • Read more about Entrepreneurship has declined while student loan debt has increased, Kauffman reports

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Recent news from the SSTI Digest

Place-based innovation comes of age: Federal regional innovation programs are reshaping America's technology economy

Wednesday, August 5, 2026
Strong regional ecosystems connect universities, entrepreneurs, investors, manufacturers, workforce organizations, and state and local governments. Rather than supporting just isolated institutions, federal agencies are now investing in collaborative regional networks capable of translating research into new companies, industries, and jobs. The intent is not for every region to become the next Silicon Valley, but to enable regions to compete by organizing around what they already do well.
NSF
EDA
tech hubs
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Takeaways from the ACA angel capital report

Wednesday, August 5, 2026
As SSTI noted in its recent look at quarterly investment activity, gaining insight into angel investment is difficult because of the challenges of separating angel activity from seed and other early VC transactions. Fortunately, the Angel Capital Association (ACA) recently published a report that provides a deep dive into 2025 angel investment activity and provides more clarity on this important financial partner for regional innovation. The big picture takeaway from the ACA report is that, like VCs, angel groups are making larger investments in fewer companies. 
angel capital

State grant programs support manufacturers and improve their competitiveness

Wednesday, August 5, 2026
As those involved with the longstanding, internationally recognized program know, an air of uncertainty has enveloped NIST’s Manufacturing Extension Partnership (MEP) for the past two years. With the release of the new Notice of Funding Opportunity (NOFO) for MEP Centers (see SSTI’s write‑up here), it appears that perhaps many of those troubles may be in the past. Even so, the uncertainty has prompted many manufacturers, small businesses, and MEP centers to explore alternate funding sources, partnerships, and forms of assistance beyond NIST.
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