Last week, the U.S. Department of Treasury released the details of its plan to award $100 million in grants to community-based financial institutions. These funds, along with an additional $3 billion in tax credit authority, were allocated to Treasury programs by the American Recovery and Reinvestment Act (ARRA) last month.
Utah's 2009 legislative session ended earlier this month with a significant boost in funding to the Utah Science Technology and Research Initiative (USTAR) for recruiting science and technology researchers at the University of Utah and Utah State University.
TechConnect West Virginia (TechConnectWV) released a new plan on Monday to build a larger and more robust technology economy. The report, West Virginia Blueprint for Technology-Based Economic Development, proposes a four-part, general strategy for TBED and targets several key industries for development.
The National Science Foundation has made available the FY 2007 version of its Academic Research and Development Expenditures statistical tables. The release contains detailed information on research expenditures at individual academic institutions.
According to the National Science Foundation, the number of science and engineering PhDs awarded in the U.S. has been increasing every year since 2002. To further examine trends of the PhDs awarded in each state, SSTI has prepared a table showing the number of S&E PhDs per 100,000 residents and each state's relative rank from 2002 to 2006, as well as the percent change in PhDs awarded per capita over these five years and the rank of that change.
Vermont Governor James Douglas has released a plan to spend some of the state's share of funds from the federal American Recovery and Reinvestment Act on building a stronger base for technology-based growth. The $17.1 million SmartVermont suite of proposals includes funding for technology company loans, lending to small businesses, seed capital for entrepreneurs and support for regional economic development projects.
The Technology Innovation Program (TIP) in the National Institute of Standards and Technology is using its FY09 award competition to support high-risk, high-reward research in civil infrastructure and manufacturing. The program has $25 million available to support as many as 25 new awards. TIP is open to individual small-sized or medium-sized businesses or to joint ventures that also may include institutions of higher education, nonprofit research organizations and national laboratories.
On March 30, the National Institutes of Health announced a new funding opportunity to use up to $100 million of Recovery Act funds to enable academic institutions "to hire, provide appropriate start-up packages, and develop pilot research projects for newly independent investigators, with the goal of augmenting and expanding the institution's community of multidisciplinary researchers focusing on areas of biomedical research relevant to NIH."
Make 2009 your organization's year to be recognized as a national leader in the TBED community!
Though angel investments dropped considerably in 2008, the total number of deals held steady, according to a year-end analysis released by the University of New Hampshire's Center for Venture Research (CVR). Total investments fell 26.2 percent from 2007 to $19.2 billion, while deals fell only 2.9 percent. Deal size, however, declined by 24 percent. CVR concludes that although the current economic climate has not reduced angel activity significantly, it has caused investors to scale back the size of their investments.
With a $25 million funding opportunity currently on the streets for manufacturing and infrastructure research projects, the Technology Innovation Program (TIP) has added three more locations and dates for proposers' conferences next week. The free public meetings will provide general information regarding TIP, guidance on preparing proposals, and the opportunity for questions and answers.
In 2006, three Arizona CEO groups joined forces to create Science Foundation Arizona (SFAz), a nonprofit public-private partnership charged with making strategic investments to support university research, new high-tech businesses, K-12 STEM education and to leverage outside investment. The state provided public support for these efforts through the 21st Century Fund, which in its first year included $35 million for SFAz's grant programs.
Last week the South Carolina Higher Education Study Committee, formed by the General Assembly in 2007, released its action plan to improve postsecondary education and economic opportunity within the state.
Karl Fooks, a past managing director for J.P. Morgan & Co. in Asia, is the new president of the Hawaii Strategic Development Corporation. Fooks replaces John Chock who retired last year.
While there is no question that the economic recession has taken a toll on states' fiscal conditions, the degree by which states are affected can vary widely from one state to another, as evidenced most recently in Arkansas and Georgia. In Arkansas, legislators wrapped up their 2009 session with a plan to distribute a $300 million surplus, while the budget agreement made in Georgia would cut spending by $1.6 billion in the coming year.
South Dakota shows a $3 million TBED investment in strategic research areas can yield impressive results for a state strengthening its position in an innovation-based economy.
The expansion of undergraduate science programs within foreign countries positively affects the number of students from these same countries seeking advanced degrees at U.S. academic institutions. However, as foreign countries experience the maturation and growth of their doctoral-level programs, combined with growing employment opportunities in their economies, the flow of students to the U.S. changes.
Useful stats columns in recent issues of the Digest have characterized academic R&D expenditures from two different angles: those expenditures made from industrial sources of funding (April 1) and total academic R&D expenditures (Mar 25). The primary source for the data was the National Science Foundation's Academic R&D Expenditures series, the compilation of an annual survey NSF conducts of the 680 largest academic institutions in the country.
The complete description of this opportunity and others are available at http://www.ssti.org/posting.htm.
In honor of Earth Day, SSTI has prepared a special edition of the SSTI Weekly Digest focused almost exclusively on green issues, ranging from a round-up of recent developments to encourage the creation and growth of alternative energy companies to a profile of Toledo's solar success story. Enjoy the news, and pass this issue along to others you think would be interested-but do it electronically, please.
Though green jobs have become the focus of many TBED initiatives at the federal, state and local levels, it remains difficult to estimate the size of the green workforce. Green jobs are a relatively new focus for economic development, and there is no standard definition of the green economy and green occupations. Several recent reports have taken on the task of defining green jobs, including the industry sectors that should be folded into that definition.
Green stimulus investments have the potential to yield a greater number of jobs and greater long-term prosperity than traditional stimulus investments, according to a new study presented at the recent G20 summit. The report examines the stimulus packages passed in the G20 countries, particularly their relative emphasis on spending related to sustainability.
In the midst of a national economic recession contributing to a record number of job losses in traditional industries, forward thinking states are exploring ideas and committing funds to help grow and diversify their economies and strengthen their renewable energy portfolios.