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Knowing when to implement budget cuts or reserve measures and how to reduce expenditures while minimizing service disruption are valuable best practices that can be shared as a result of the recession’s impact to state fiscal conditions. These messages are among several recommendations from the National Association of State Budget Officers (NASBO) outlined in a new report. Modifying the timing of temporary tax increases is one such example.

Whether in creating new businesses, developing a skilled workforce, or building stronger connections between universities and regional economies, governors and lawmakers have taken a “grow your own” approach to economic recovery over the past two years, finds a report from the National Governors Association (NGA). The report identifies six trends that have emerged during this time, including states emphasizing job creation from within, strengthening support for advanced manufacturing, and creating partnerships to meet industry’s demand for talent.

A new report by the National Science Foundation (NSF) portrays science and engineering employment in the United States as highly concentrated in a small number of states and metro areas. Most states reflected a lower S&E employment intensity than the United States as a whole. As noted in the report, the availability of a skilled workforce is an important predictor of a region’s population, productivity, and technological growth.

Recognizing startup businesses as a powerful force in building stronger local economies, a number of universities across the country have announced significant expansions in their entrepreneurship offerings over the last few weeks. Universities in Missouri and Virginia have announced new and expanded entrepreneurship programs for students, while a nationwide network of top business schools, including Babson College, Stanford University and the University of California, San Francisco, plans to launch an online entrepreneurship program that can be licensed to other schools. The U.S.

Recently, Michigan Gov. Rick Snyder announced a statewide Regional Prosperity Initiative — a voluntary, competitive grant process for existing state-designated planning regions and metropolitan planning organizations. The plan will divide the state into 10 zones with the intent of empowering local and regional partners to develop a consensus vision and implementation plan for economic success.

Although universities are not always at the forefront of the discussion on job creation and economic activity, they saw a sizable increase in licensing and startup activity during FY12, according to a survey by the Association of University Technology Managers (AUTM). Respondents reported $36.8 billion in net product sales from licensed technologies and startup companies from 70 of the surveyed institutions employed over 15,000 full-time employees. Highlights from the survey are available now, and the full report is set to release at the end of the year.

The Economic Development Administration (EDA) annual report for FY12 includes a summary of some of the major regional programs and grants that have been awarded over the year, summaries of EDA activities in each state, and a breakdown of EDA investments in each state as well as their specific recipient. SSTI has prepared a table from the data reported. (Note: SSTI received EDA funding in FY12).

U.S. research universities have launched several new initiatives to impact international development across Africa by leveraging their institutional knowledge to support tech-based economic growth on the continent. The African Development Bank, a regional multilateral development bank, also announced that it will commit $45 million for the creation of a Pan African University consisting of five thematic institutes focused primarily on science, technology and innovation.

A new chair of the National Governors Association (NGA) also means a new challenge and opportunity to improve state economies. This week, Oklahoma Gov. Mary Fallin, newly elected NGA chair, announced a year-long initiative designed to improve the capacity and effectiveness of states’ education and workforce training systems and to align those needs with the needs of employers. The initiative kicks off with an intensive effort among six to eight states that will develop and implement a policy agenda to build and strengthen education and workforce training.

Startup Colorado recently announced the launch of a new $200,000 fund to support events that strengthen the entrepreneurial communities across Colorado. The organization will issue grants to Colorado organizations planning events, seminars and contests that bring together startup communities, particularly those in the Denver-Boulder region, Colorado Springs and Fort Collins, according to the Denver Business Journal.

With additional funding directed to higher education as part of the FY14 budget, the California State University (CSU) and University of California (UC) systems announced efforts to boost access to online courses for current full-time students this fall. The goal is to overcome space shortages in classrooms and help graduate more students on time.

The National Institutes of Health (NIH) has launched a new initiative to fund the exploration of using Big Data to improve national health care outcomes. NIH will provide $24 million per year for four years to establish six to eight Big Data Centers of Excellence. The centers will be used by researchers and students for training in data science and testing the use of large and complex datasets to create tools, methods, and software that can improve health care processes.

Lawmakers continued to provide support for life sciences at a reduced level in the recently enacted budget; however, other technology areas did not fare as well. In some cases, funding was eliminated for tech-based initiatives, and lawmakers allowed a tax credit for early stage investors to expire. Meanwhile, the North Carolina Biotechnology Center plans to consolidate activities and redouble efforts to keep things moving in the wake of a 27 percent reduction to their budget.

New business creation in the U.S. increased in 2011 for the first time since the 2007-09 economic crisis, according to data released by the U.S. Census Bureau. Census data indicates that 8.2 percent of all businesses were less than one year old in 2011, the first increase since 2006 and the largest increase in a decade. A pair of briefs from the Census Bureau and the Kauffman Foundation link the decline and rebound of American startups to fluctuations in housing prices during the economic downturn.

As federal immigration reform remains in gridlock, cities are leading a charge to make America more welcoming to immigrants. Driven by the potential economic growth, mayors and regional economic development organizations are moving ahead with the creation of new initiatives and entities to attract and retain high-skilled immigrants.

As the U.S. manufacturing sector continues to grow, so does the challenge for regions to find “middle-skill” workers who can fill job vacancies in advanced manufacturing. The Council on Foreign Relations has released a new report, Building the American Workforce, that suggests policymakers can fill this need by narrowing the skills gap for underserved, low-skilled workers.

In the second quarter (Q2) of 2013, venture investment totaled $6.7 billion over 913 deals, according to the quarterly survey by PricewaterhouseCoopers (PWC) and the National Venture Capital Association (NVCA). Compared to the first quarter of 2013, the amount of venture capital investment increased 12 percent and the number of deals increased 2 percent. Although still well below venture capital investment highs in 2007, Q2 2013 had the largest total amount of investment in a year.

A recent report by Cleveland State University's Levin College of Urban Affairs details the economic impact of companies supported by JumpStart Inc. and the North Coast Angel Fund in the 2012 calendar year. The 127 companies included in the study created 2,140 jobs in Ohio (1,652 in Northeast Ohio), generated $269.7 million in economic benefits for the state, and produced $35.5 million in federal, state, and local taxes.

The National Science Foundation (NSF) has conducted a Survey of Federal Funds for Research and Development for fiscal years 2010-12. In total, federal R&D obligations were $144.7 billion in FY10. The top state recipients, in absolute terms, are California ($28.3 billion, representing 19.6% of the national total), Maryland ($17.0 billion, 11.8%), Virginia ($9.3 billion, 6.4%), Massachusetts ($8.9 billion, 6.1%), and Texas ($7.3 billion, 5.0%).

Small businesses often are surrounded by a myriad resources and potential partners that could help leverage their products and services to innovate and grow, but they are not always aware of how to access them.

Green jobs have been at the center of a number of controversies in economic development circles over the past decade. Key among these debates is whether or not sufficient job opportunities exist to justify large public investments in green job-training programs. A recent report from the Government Accountability Office (GAO) reveals that, at least at the federal level, a great deal of uncertainty remains about the green job labor market.

The city of Los Angeles is working with a consortium of public and private partners to redevelop unused docklands into space that will support new industry cluster development. The project highlights a trend of high-profile projects across the country, with cities like Brooklyn and Philadelphia repurposing dockside warehouse space to seed tech startups and advanced manufacturing.

The co-locating of researchers, donated equipment, and capital are recent examples of key elements provided by private-sector partners to help accelerate technology commercialization. In the past month, leaders from universities and nonprofit organizations across the country have announced new efforts to expand research capacity and bring more products to market by launching innovative centers in collaboration with corporate partners.