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Recent Research: Business Churning Enhances U.S. Productivity and Employment Growth

Wednesday, June 11, 2008

New establishments are responsible for one-third of annual employment creation in the U.S. and have higher measures of productivity when compared to mature surviving establishments, according to a report released last week by the Kaufmann Foundation. Turmoil and Growth: Young Business, Economic Churning, and Productivity Gains, written by Steven Davis of the University of Chicago, John Haltiwanger of the University of Maryland, and Ron Jarmin of the U.S.

Useful Stats: GDP by State, Per Capita 2003-2007

Wednesday, June 11, 2008

The Bureau of Economic Analysis (BEA) recently published its estimate on the real gross domestic product (GDP) growth of each state for 2007, revising previously released figures for 2003-2006.
 
SSTI has prepared a table showing real GDP per capita for every state and the District of Columbia from 2003 to 2007. The table includes:

  • Ranking for 2007 state GDP per capita;
  • Comparison of 2007 GDP per capita to the national average;

SSTI Welcomes Newest Members; Alaska Brings State Tally to 47

Wednesday, June 11, 2008

It's no wonder SSTI's Annual Conference presents such a broad range of perspectives and approaches to TBED each year, when our organization draws in active membership from organizations from all across the continent! For example, with the involvement of the Alaska Manufacturing Extension Partnership, SSTI now has active members in 47 states, the District of Columbia, and Canada.

Florida Pension Fund to Invest $1.95B in 'Technology and Growth' Industries

Wednesday, June 4, 2008

Florida Gov. Charlie Crist paid a visit to Wall Street last week to celebrate the signing of a new law that will increase the state retirement fund's investment in high-tech industries. Under the new legislation, the Florida State Retirement System will dedicate up to 1.5 percent of the system's trust fund to technology and growth investments. The Miami Herald estimates that this could provide nearly $2 billion for high-tech industries in the state.
 

Two Reports Highlight Opportunities for State Broadband Policies

Wednesday, June 4, 2008

Although the U.S. broadband infrastructure has expanded rapidly over the past decade, 45 percent of rural areas still lack access to high-speed Internet services. A recent issue brief from the National Governors Association (NGA) Center for Best Practices provides a number of strategies that have proven effective in expanding broadband access, particularly in underserved rural areas.
 

Recent Research: Do State Merit-Based Scholarship Initiatives Decrease Enrollment in the STEM Fields?

Wednesday, June 4, 2008

Since the inception of the HOPE scholarship program in Georgia 15 years ago, the number of state-sponsored merit-based scholarship initiatives to increase the number of students attending in-state colleges and universities has increased throughout the country. One such statewide initiative, Florida’s Bright Futures Program, was established in 1997 and has since become the second largest merit-based scholarship program in the U.S. At the recent annual forum of the Association of Institutional Research held in Seattle, Dr.

People & TBED Organizations

Wednesday, June 4, 2008

The U.S. Department of Commerce's Economic Development Administration (EDA) recently announced Ben Franklin Technology Partners (BFTP) as the winner of the "Excellence in Technology-led Economic Development" award, as part of EDA's Excellence in Economic Development Awards 2008. BFTP, created in 1983, has regional offices in Lehigh Valley, Philadelphia, Pittsburgh and State College.

Illinois Tech Index Launched

Wednesday, May 28, 2008

Last week, NASDAQ saw the debut of the Illinois Tech Index (symbol: ILTI), currently recognized as the only technology index in the U.S. tracking publicly traded technology companies within an individual state. Based on 61 firms with their headquarters in Illinois, the Illinois Tech Index is derived from the aggregate value of the firms’ total shares outstanding. When the index officially started on Monday, May 19, the base value of the ILTI was 1000.00. As of Wednesday’s close of markets, the Index finished at 969.20.
 

Restructuring State Economic Development Organizations in Oregon, New York

Wednesday, May 28, 2008

Earlier this month, the governors of Oregon and New York both outlined changes to the structure of their states’ lead economic development organizations.
 
Before Gov. Ted Kulongoski signed Executive Order 08-11 to reorganize the Oregon Economic and Community Development Department (OECDD), it consisted of three components:

    Incubator RoundUp: Growing and Sustaining High Technology Companies

    Wednesday, May 28, 2008

    Offering customized workspace such as wet laboratories and specialized research equipment is one of the many benefits provided by technology-focused incubators. Access to university research, business mentoring and administrative support services often accompany the reduced rent facilities with the goal of growing technology companies into successful, self-sustaining enterprises. Following are select announcements of recently launched incubators and partnerships from across the nation.