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R&D expenditures at FFRDCs rise for fourth straight year; Pi Day Chart!

Thursday, March 14, 2019

Research and development (R&D) expenditures at federally funded R&D centers (FFRDCs) increased for the fourth consecutive year in FY 2017, eclipsing $20 billion, according to new data from the National Science Foundation. FFRDCs are privately operated R&D organizations that are substantially financed by the federal government. The FFRDCs that performed the most R&D in 2017 were DOE’s Sandia National Lab, NASA’s Jet Propulsion Laboratory, and DOE’s Los Alamos National Lab.

Research and development (R&D) expenditures at federally funded R&D centers (FFRDCs) increased for the fourth consecutive year in FY 2017, eclipsing $20 billion, according to new data from the National Science Foundation. FFRDCs are privately operated R&D organizations that are substantially financed by the federal government. The FFRDCs that performed the most R&D in 2017 were DOE’s Sandia National Lab, NASA’s Jet Propulsion Laboratory, and DOE’s Los Alamos National Lab. From FY 2016 to FY 2017, the Jet Propulsion Laboratory, based in Pasadena, CA, experienced the largest increase in R&D expenditures, rising 25.5 percent to $2.3 billion.  In honor of pie day, the chart below shows the distribution of R&D at FFRDC’s by each administrator type.

 

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SSTI 2019 Conference Location, Date and Theme Announced

Thursday, March 14, 2019

SSTI's 2019 Annual Conference

SSTI is excited to announce we are partnering with the Rhode Island Commerce Corporation to bring you and approximately 300 of your peers to Providence on Sep 9-11 for SSTI’s 2019 Annual Conference. Please hold the date on your calendar – or better yet – go ahead and register now to obtain the lowest possible prices for attendance!

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Fed study shows little progress in integrating women into executive positions

Thursday, March 14, 2019

A recent study by the Federal Reserve Bank of St. Louis showed that women’s increased participation in the labor force has not led to a correspondingly greater participation of women in the highest executive positions at the organizations where they work. In fact, the study showed that women are significantly less likely to lead U.S. businesses than men are, and that this share has remained largely unchanged over the 2000-2014 period.

  • Read more about Fed study shows little progress in integrating women into executive positions

Evaluation finds TEDCO programs have strong economic benefit

Thursday, March 14, 2019

TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace.

TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace. The direct Maryland economic activity generated by these core programs totaled nearly $900 million in 2018, a considerable increase from the $572.3 million in economic activity reported in 2015. Of all TEDCO programs, the Seed Investment Fund has the largest direct impact, accounting for more than half of all employment and direct economic activity.

  • Read more about Evaluation finds TEDCO programs have strong economic benefit

New evidence for opioids’ impacts on employment rates

Thursday, March 14, 2019

The Federal Reserve Bank of Cleveland has released a working paper that establishes connections between opioid prescription rates and employment rates. The authors use longitudinal data, as well as leveraging the Great Recession as a sort of natural experiment, to provide evidence that opioids not only relate to declining labor force participation, but have likely caused this outcome.

  • Read more about New evidence for opioids’ impacts on employment rates

Startup competitions target the circular economy

Thursday, March 14, 2019

The circular economy, a phrase meant to redefine economic growth beyond the current “take-make-waste” extractive industrial model, is gaining attention around the world as a way to produce more positive environmental and social benefits. Over the past few months, three cities have announced efforts to promote circular economy startups.

The circular economy, a phrase meant to redefine economic growth beyond the current “take-make-waste” extractive industrial model, is gaining attention around the world as a way to produce more positive environmental and social benefits. Over the past few months, three cities have announced efforts to promote circular economy startups. In New York City, a contest will offer a $500,000 prize to the best idea and business plan that seeks to repurpose the city’s recyclables and manufacture a product to sell to the local market. The City of Phoenix and Arizona State University announced four companies will participate in an incubator affiliated with the Resource Innovation and Solutions Network (RISN). Last fall, public sector partners and the university-based Austin Technology Incubator (ATI) collaborated to launch a new Circular Economy Incubator in the region.

  • Read more about Startup competitions target the circular economy

$25 million commitment builds coalition to increase women in STEM

Thursday, March 7, 2019

In an effort to close the gender gap in STEM, a $25 million commitment from the Lyda Hill Foundation will help to build a coalition of science institutions along with names and brands in popular culture to help fund and elevate women in STEM fields.

In an effort to close the gender gap in STEM, a $25 million commitment from the Lyda Hill Foundation will help to build a coalition of science institutions along with names and brands in popular culture to help fund and elevate women in STEM fields. The American Association for the Advancement of Science (AAAS), one of the coalition members, will select 100 women in STEM professions to serve as ambassadors for the new IF/THEN Initiative, to help build skills and opportunities among middle school girls in science communication, public engagement, media, diversity and inclusion, and STEM education.

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Fueled by businesses, US R&D performance eclipses half-trillion dollar mark in 2016 and 2017

Thursday, March 7, 2019

For the first time, total research and development performed in the United States has surpassed $500 billion, reaching $515.3 billion in 2016, a $22 billion (4.4 percent) increase from the previous year, according to a recent info brief from the National Science Foundation. Furthermore, NSF estimates that larger increases are ahead, with early projections for 2017 showing an additional $26.9 billion increase (5.2 percent).

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Useful Stats: Distribution of R&D performance by state

Thursday, March 7, 2019

Nearly three-quarters of all research and development was performed by the private sector in fiscal year 2016, though this share differed greatly across the states, according to an SSTI analysis of recently released data from the National Science Foundation’s National Center for Science and Engineering Statistics (NSF NCSES).

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Tech Talkin’ Govs, part 8: education, workforce, climate action and rural initiatives focus of innovation efforts

Thursday, March 7, 2019

This week we nearly finish our state of the state coverage, save two remaining governors (Louisiana and Minnesota) who have yet to present their addresses. In reviewing the speeches for news on innovation efforts, we find education taking the main stage in Florida and Tennessee, while Alabama and Ohio’s governors are hoping to build the state’s workforce, and North Carolina, still recovering from natural disasters, wants to decrease greenhouse gas emissions and provide tuition assistance for community college.

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New White House science director, reports: American S&T leadership increasingly through industry

Thursday, March 7, 2019

In January, the U.S. Senate confirmed Dr. Kelvin Droegemeier as director of the White House Science and Technology Policy (OSTP), and since the end of the partial federal government shutdown, the director and office have produced informative reports and speeches. Two common threads through these sources are emphases on continued American leadership in key tech sectors — and that this leadership will increasingly occur in conjunction with, or under the direction of, private industry.

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Kauffman Foundation updates indicators, State of Entrepreneurship Address

Thursday, February 28, 2019

Too many communities continue to focus on business attraction in lieu of entrepreneurial support, according to the Kauffman Foundation leadership in their 10th annual State of Entrepreneurship Address. To increase the focus on entrepreneurs, the foundation indicated it plans to help 200 communities across the country, and 200,000 entrepreneurs in these communities over the next five years, with an emphasis on the middle of country and underrepresented populations, but it did not provide specific details on how it would provide that assistance. As part of the effort, Kauffman also released a checklist highlighting barriers and breakthroughs in entrepreneurship, as well as ways individuals can help grow more inclusive and innovative local economies. In the week leading up to the address, Kauffman also introduced four indicators at the national, state, and metropolitan levels as part of its new approach to tracking early-stage entrepreneurship.

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ITIF: Leverage cleantech to accelerate economic growth

Thursday, February 28, 2019

There are numerous opportunities for policymakers and elected officials at the state and local levels to encourage clean energy, and doing so could spur economic development, according to a new report by David Hart, a senior fellow at the Information Technology and Innovation Foundation (ITIF) and a professor of public policy at George Mason University.  As state and local leaders pursue these strategies, Hart focuses on five non-exclusive tracks to pursue: off

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Acceptance rate of H1-B visas continues decline

Thursday, February 28, 2019

The share of H-1B applications approved by United States Citizen and Immigration Services (USCIS) in FY 2018 was well below the levels in FY 2017 and FY 2016, and new data from the first quarter of FY 2019 shows a continuing downward trend.

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Useful stats: Educational attainment across the states, 2000-2017

Thursday, February 28, 2019

From 2000 to 2017, the share of the U.S. population with a bachelor’s degree (or higher) increased from 24 percent to 31 percent. Meanwhile, the share of the population with a high school education (or less) decreased from 48 percent to 40 percent. All states experienced these directional changes in educational attainment. State performance relative to other states was relatively static, particularly for those performing best and worst in 2000, with few changes in the rankings of states by share of the population with a bachelor’s degree.

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Shrinking funding for higher ed misunderstood; impacts reverberate

Thursday, February 28, 2019

Decreasing state funding for higher education is having a negative effect on higher education in the New England states, according to research from the Federal Reserve Bank of Boston.

Decreasing state funding for higher education is having a negative effect on higher education in the New England states, according to research from the Federal Reserve Bank of Boston. The report comes on the heels of a recent survey from American Public Media (APM) and the Hechinger Report showed that most Americans are unaware that governmental funding for public colleges and universities has actually decreased over the past 10 years. Decreased funding has resulted in higher tuition, more student loan debt, fewer approved patent applications, and implications for the New England economy, the Fed report asserts.

  • Read more about Shrinking funding for higher ed misunderstood; impacts reverberate

Useful Stats: Educational Attainment by Metropolitan Area (2007-2017)

Thursday, February 21, 2019

For states and metropolitan areas across the country, cultivating a skilled and educated workforce is a critical part of economic development. In 2017, metropolitan areas anchored by major research universities – regions like Boulder, Ann Arbor, and Corvallis – had the highest share of adults 25+ with at least a bachelor’s degree, according to an SSTI analysis of recent census data.

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Budget deal contains modest boost for innovation funding

Thursday, February 21, 2019

RIS at $23.5 million, MEP at $140 million, NSF at $8.1 billion

The FY 2019 federal budget was completed last week, finalizing funding for commerce, science and small business agencies. Most programs supporting innovation activities received the same funding as in FY 2018, although Regional Innovation Strategies will have $23.5 million, an increase of $2.5 million, for the current award solicitation. More details on each agency’s budget are below — SSTI members are also reminded to stay tuned to the Funding Supplement throughout the year for notices when each program’s funding opportunity is available.

  • Read more about Budget deal contains modest boost for innovation funding

Tech Talkin’ Govs, part 7: States look to educated populace to help build prosperity

Thursday, February 21, 2019

As the states turn to tackling their budgets, governors are presenting their spending and revenue proposals, and SSTI continues to monitor these. Budget constraints and deficits are problems for governors in Connecticut and Illinois, and Connecticut’s governor is proposing expanding the sales tax base while focusing on loan forgiveness and clean energy. Education is on the agenda in Illinois where the governor is hoping to build prosperity through skills training and college affordability.

  • Read more about Tech Talkin’ Govs, part 7: States look to educated populace to help build prosperity

Report finds opportunities for states, locals to advance clean energy innovation

Thursday, February 21, 2019

A recent report by Breakthrough Energy, co-chaired by former Energy secretary Ernest Moniz, calls for a better policy approach to supporting clean energy. Their premise is that America has led the way in this industry, but that the way forward requires innovation on a greater scale than we have achieved before, and that this, in turn, requires better coordination of systems.

  • Read more about Report finds opportunities for states, locals to advance clean energy innovation

Ideas for expanding economic opportunity focus of Aspen report

Thursday, February 14, 2019

Shifts in the American economy have resulted in a myriad of challenges including workers without the necessary skills for today’s jobs, lack of wage increases for low- and middle-income worker and a shrinking labor force participation rate.

Shifts in the American economy have resulted in a myriad of challenges including workers without the necessary skills for today’s jobs, lack of wage increases for low- and middle-income worker and a shrinking labor force participation rate. With an aim of identifying bipartisan policy solutions to such challenges, the Aspen Economic Strategy Group (AESG) spent a year collecting ideas to address these challenges and have released their findings in a new report. While the authors of the report caution that there is no silver bullet solution to the challenges outlined in the report, they go on to say, “Evidence-based, bipartisan solutions rarely capture headlines, but they do exist, and should be embraced by those who are serious about solving our long-term economic challenges.” The report outlines several proposed solutions.

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DOD already sees adverse effects from climate change at priority installations

Thursday, February 14, 2019

Could climate change negatively impact the defense installations important to companies and communities in your state? Chances are good that it already does. A new Department of Defense report to Congress reveals all but six of 79 mission assurance priority installations within DOD are experiencing negative climate change effects such as recurrent flooding, drought, desertification, wildfires, or thawing permafrost.

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$24M Foundation gift to U. Arkansas transforms commercialization, economic development

Thursday, February 14, 2019

Late last year, the Walton Family Charitable Support Foundation announced a $23.7 million investment to strengthen technology-based economic development efforts at the University of Arkansas.

  • Read more about $24M Foundation gift to U. Arkansas transforms commercialization, economic development

Recent Research: Exposure to innovation more important than financial incentives in increasing the number of inventors, researchers find

Thursday, February 14, 2019

Recent research revealed that exposure to innovation (e.g., mentorship program and immersive K-12 STEM education experience) during childhood and young adulthood has a greater effect on the decision to pursue careers in innovation than financial incentives. Researchers Alexander M. Bell, Raj Chetty, and their co-authors developed a model to analyze the impact of several factors on inventor career choices.

  • Read more about Recent Research: Exposure to innovation more important than financial incentives in increasing the number of inventors, researchers find

Tech Talkin’ Govs, part 6: Education, workforce, climate change top TBED agendas

Thursday, February 14, 2019

Educating the next generation of workers, ensuring they will have the skills necessary for the jobs of the future and paying attention to the actions that will affect the climate are all on the agendas of the latest round of governors giving their state of the state and budget addresses. A focus on skills can be seen in addresses from governors in California, Maine, Michigan, Oklahoma and Pennsylvania. States are also continuing with initiatives to forward attention on climate change, as reflected in Maine’s climate agenda and Michigan joining other states in the Climate Alliance.

  • Read more about Tech Talkin’ Govs, part 6: Education, workforce, climate change top TBED agendas

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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?

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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.

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New benchmarking tool illuminates how AI is accelerating job market changes

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