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New dashboard may help us understand regional clusters

Thursday, June 4, 2026
To support data-driven economic and workforce development, the Purdue Center for Regional Development (PCRD), in partnership with the EDA, has released a new Regional Clusters website with compiled data presented across interactive dashboards with maps, tables, and other tools and resources. The dashboards cover industry-based, skills, and knowledge clusters. PCRD’s definitions of each cluster type can be found here or within their respective dashboard.
  • Read more about New dashboard may help us understand regional clusters

OMB proposes significant rule changes for grantees and contractors

Thursday, June 4, 2026
The Office of Management and Budget (OMB) has proposed sweeping revisions to the rules for procurement and grant making (2 CFR Part 200) in the Federal Register. These changes would solidify an August 2025 executive order that gives political appointees final authority over awarding federal grants.
  • Read more about OMB proposes significant rule changes for grantees and contractors

Recent Research: Are new ideas really getting harder to find?

Thursday, June 4, 2026
A new working paper from researchers affiliated with the U.S. Census Bureau and several universities revisits one of the biggest questions in innovation policy: why has productivity growth slowed even as research and development spending continues to rise? For the technology-based economic development (TBED) community, the answer matters because it shapes how states, regions, and federal agencies think about innovation investments.
  • Read more about Recent Research: Are new ideas really getting harder to find?

NSF seeks feedback on the new Tech Accelerators initiative

Thursday, June 4, 2026

The U.S. National Science Foundation announced the launch of the NSF Tech Accelerators initiative. As proposed, the accelerators will align to four topics—agricultural technology (AgTech), materials technology (MaterialsTech), ocean technology (OceanTech), and scientific instrumentation (SciTech). 

The U.S. National Science Foundation announced the launch of the NSF Tech Accelerators initiative. As proposed, the accelerators will align to four topics—agricultural technology (AgTech), materials technology (MaterialsTech), ocean technology (OceanTech), and scientific instrumentation (SciTech).
  • Read more about NSF seeks feedback on the new Tech Accelerators initiative

Recent research: Measuring the outcomes of free community college

Thursday, June 4, 2026

Tuition-free community college programs have expanded steadily across the country over the past decade. A recent NBER working paper examines one of the earliest examples of a statewide program, asking not just whether free tuition increases enrollment, but also whether it helps more students complete their degrees.  

  • Read more about Recent research: Measuring the outcomes of free community college

Member News for June 4

Thursday, June 4, 2026

The CEOs of Indiana Corporate Partnership (CICP) is leading IN AI, an effort to help employers find practical ways to incorporate artificial intelligence to boost productivity and job growth. In cooperation with Gov.

  • Read more about Member News for June 4

State News for June 4, 2026

Wednesday, June 3, 2026
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NSF selects 15 finalists to advance to the next round of its second Regional Innovation Engines competition

Thursday, September 18, 2025

The U.S. National Science Foundation Regional Innovation Engines (NSF Engines) program  has narrowed the list of finalists advancing to the next stage of the program's second competition to 15 applicants—spanning critical technologies and applications ranging from enhancing energy grid security to maximizing the yield of critical minerals mining extraction to advancing quantum computing. The finalist teams, many of whom have been building their regional coalitions for a year or longer, are led by a range of organizations, including universities, nonprofits and private industry from across the United States.

  • Read more about NSF selects 15 finalists to advance to the next round of its second Regional Innovation Engines competition

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

Thursday, November 21, 2024

On Nov.

On Nov. 14, the Massachusetts’ House and Senate approved a compromise $4 billion economic development measure after months of negotiations that followed the end of their formal legislative session this past summer and the spring release of Gov. Maura Healey’s $3.5 billion proposal, An Act relative to strengthening Massachusetts’ economic leadership, or the Mass Leads Act.  The Mass Leads Act sought to reauthorize the state’s life sciences investments at $1 billion for the next decade, launch a separate $1 billion, 10-year climatetech initiative, and build on the momentum of the state's CHIPS + Science wins by proposing targeted investments in advanced manufacturing and robotics. It also included $100 million to create an Applied AI Hub in Massachusetts.

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

Reauthorization of EDA’s popular Build to Scale program introduced

Thursday, May 21, 2026

The bipartisan Build to Scale Reauthorization Act of 2026 was introduced on May 15 by Congresswoman Haley Stevens (MI-11) and Rep. Jim Baird (R-IN), along with several co-sponsors. Additionally, more than sixty organizations and associations in 25 states endorsed the bill, which is designed to help Americans move new products, technologies, and medical inventions to market faster. 

The bipartisan Build to Scale Reauthorization Act of 2026 was introduced on May 15 by Congresswoman Haley Stevens (MI-11) and Rep. Jim Baird (R-IN), along with several co-sponsors. Additionally, more than sixty organizations and associations in 25 states endorsed the bill, which is designed to help Americans move new products, technologies, and medical inventions to market faster.
  • Read more about Reauthorization of EDA’s popular Build to Scale program introduced

Nonprofit Venture Development Organizations: what they are and why the approach matters

Thursday, May 21, 2026

Over the past 25 years, SSTI has seen a successful model emerge for supporting regional innovation-driven economies that deserves more attention from the TBED community. Successful Venture Development Organizations (VDOs) bring the entrepreneurial mindset of an innovation startup to regional economic growth strategies. VDOs simultaneously deliver multiple value propositions to their target service areas:  

Over the past 25 years, SSTI has seen a successful model emerge for supporting regional innovation-driven economies that deserves more attention from the TBED community. Successful Venture Development Organizations (VDOs) bring the entrepreneurial mindset of an innovation startup to regional economic growth strategies. VDOs simultaneously deliver multiple value propositions to their target service areas.
  • Read more about Nonprofit Venture Development Organizations: what they are and why the approach matters

Connecting companies to research assets faster: the Tennessee Innovation Exchange model

Thursday, May 21, 2026

The Tennessee Innovation Exchange (TNIX) is a statewide initiative designed to make it easier for companies, entrepreneurs, and investors to connect with university research expertise across Tennessee. In this recent TBED Community of Practice webinar, speakers Chuck Layne of LaunchTN and Tom Kissane of Halo Sciences explained how they partnered with six research universities to build a shared digital platform that supports university-industry collaboration and commercialization. 

The Tennessee Innovation Exchange (TNIX) is a statewide initiative designed to make it easier for companies, entrepreneurs, and investors to connect with university research expertise across Tennessee. In this recent TBED Community of Practice webinar, speakers Chuck Layne of LaunchTN and Tom Kissane of Halo Sciences explained how they partnered with six research universities to build a shared digital platform that supports university-industry collaboration and commercialization.
  • Read more about Connecting companies to research assets faster: the Tennessee Innovation Exchange model

Useful Stats: Fed R&D obligations falter in FY 2025

Thursday, May 21, 2026
  • Read more about Useful Stats: Fed R&D obligations falter in FY 2025

AI Upskill Accelerator Pilot Program accepting applications

Thursday, May 21, 2026
  • Read more about AI Upskill Accelerator Pilot Program accepting applications

Recent Research: What two new studies tell us about innovation networks

Thursday, May 21, 2026

Two recent research papers approach entrepreneurship and innovation from very different perspectives but arrive at a similar conclusion about how regional economies grow and change over time. Keeping technology-based economic development (TBED) initiatives proactively thinking about and addressing that evolution is a central aspect of all SSTI TBED-focused programming. Empirical research, like is discussed below, provides external evidence of how needs are changing and programs may want to adapt. 

  • Read more about Recent Research: What two new studies tell us about innovation networks

Webinars

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State News for May 21, 2026

Tuesday, May 19, 2026
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Rep. Haley Stevens leads bipartisan Build to Scale Reauthorization Act to strengthen innovation and entrepreneurship in regional economies nationwide

Friday, May 15, 2026

Today, Michigan Congresswoman Haley Stevens (MI-11), along with Rep. Jim Baird (R-IN), introduced the bipartisan Build to Scale Reauthorization Act of 2026, legislation to extend and strengthen the Economic Development Administration’s (EDA) successful Build to Scale program through fiscal year 2030. The bill helps startups grow, strengthens regional innovation hubs, and creates good-paying jobs across Michigan and the country. 

Today, Michigan Congresswoman Haley Stevens (MI-11), along with Rep. Jim Baird (R-IN), introduced the bipartisan Build to Scale Reauthorization Act of 2026, legislation to extend and strengthen the Economic Development Administration’s (EDA) successful Build to Scale program through fiscal year 2030. The bill helps startups grow, strengthens regional innovation hubs, and creates good-paying jobs across Michigan and the country.
  • Read more about Rep. Haley Stevens leads bipartisan Build to Scale Reauthorization Act to strengthen innovation and entrepreneurship in regional economies nationwide

SBA seeks public comment in two areas related to supply chains

Wednesday, May 6, 2026
The U.S. Small Business Administration (SBA) seeks public comment for two Requests for Information. The first, Supply Chain Gaps and Entrepreneur Assistance, is focused on the future of SBA’s Innovation Network Programs—FAST, GAFC, RICs—and how each program can align entrepreneur support in critical industry areas. These are programs that are relevant to TBED organizations, accelerators, incubators, investors, universities, research institutions, and tech transfer offices.
  • Read more about SBA seeks public comment in two areas related to supply chains

Slowing Q1 VC investment could mean more selective investors and difficult fundraising

Wednesday, May 6, 2026
Venture capital investments so far in 2026 are showing the same trends as 2025, with more funding going to fewer companies. According to PitchBook, quarterly U.S. VC investment totaled $267 billion, with the five largest deals raising a combined $195 billion, or over 73% of all Q1 capital. The heavy bias toward the top deals underscores the importance of narrowing the deal segments to understand what trends are faced by the majority of companies.  
  • Read more about Slowing Q1 VC investment could mean more selective investors and difficult fundraising

What happened in 2018 that is still affecting new college grads seeking jobs?

Wednesday, May 6, 2026
Historically, college graduates, recently matriculated or old alums, were more likely to be employed than all workers combined. However, beginning in 2015, as the labor market data released by the Federal Reserve Bank of New York shows in the graph below, unemployment rates for recent college graduates and all workers were in relatively tight competition until October 2018, when new grads began experiencing higher unemployment rates than all workers—a position they have held ever since. Might it have something to do with the degrees students are earning and changes in the job market?
  • Read more about What happened in 2018 that is still affecting new college grads seeking jobs?

TBED Works: Sandia spinout creates commercial opportunities for lab-developed technologies

Wednesday, May 6, 2026
  • Read more about TBED Works: Sandia spinout creates commercial opportunities for lab-developed technologies

Recent Research: Findings demonstrate the positive impact of government venture capital on startup business growth

Wednesday, May 6, 2026
  • Read more about Recent Research: Findings demonstrate the positive impact of government venture capital on startup business growth

State News for May 7, 2026

Wednesday, May 6, 2026
  • Read more about State News for May 7, 2026

Action needed: Endorse the Build to Scale Reauthorization Act of 2026

Wednesday, April 29, 2026
  • Read more about Action needed: Endorse the Build to Scale Reauthorization Act of 2026

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Recent news from the SSTI Digest

Recent Research: What makes place-based economic development policies work?

Wednesday, September 9, 2026
Place-based economic development is back near the center of federal policy, from Opportunity Zones to the CHIPS and Science Act. That renewed attention comes with a familiar problem: decades of enterprise zones, tax incentives, infrastructure investments, and other geographically targeted programs have produced results that are hard to summarize cleanly. In a new NBER working paper, Matthew Freedman and David Neumark ask the better question: not simply whether or not these policies work, but under what conditions they might work, for whom, and why. Their review points to a practical conclusion: policy design matters and targeting a distressed community with development-focused financial incentives is rarely enough on its own.
economic development

A BBBRC grant builds momentum for a highly trained semiconductor workforce

Wednesday, September 9, 2026
For the civic leaders of Osceola County, the Great Recession of 2008 made clear that they could not base their economy so heavily on travel and tourism. By the time COVID-19 hit in 2020, they knew the steps they had taken to diversify their economy were the right ones. When the Build Back Better Regional Challenge (BBBRC) opportunity arose in 2021, the county and its partners were well-positioned to operationalize the benefits the grant presented to the region and create a trained workforce for a recently attracted semiconductor industry. How did Osceola County get here? There are potential approaches to emulate by more areas of the county dependent on low-wage sectors like tourism or, for that matter, extraction-focused regions subject to “boom and bust.” 
semiconductors
workforce

The impact of tax incentives on early-stage company investment varies

Wednesday, September 9, 2026
One persistent question in economic development policy is how incentives impact private sector investment decisions. Recent and ongoing research from Murillo Campello and Guilherme Junqueira of the University of Florida, published in the National Bureau of Economic Research working paper series, explores the impact of the Qualified Small Business Stock (QSBS) program on venture capital risk-taking. The researchers found that the availability of QSBS tax benefits strongly influences venture capital investment behavior, specifically in traditionally structured venture capital funds. They also found no similar behavior among angel or corporate investors, an insight that may hold important program design and policy lessons for the TBED community. 
tax incentives
investing
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