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We’re sad to report that in the last month, three individuals who helped shape the field of tech-based economic development have passed away. Bruce “Tab” Wilkins was most recently the President and Center Director of Impact Washington. In addition to five years with the Washington Technology Center, the majority of his career was spent with the Manufacturing Extension Partnership (MEP) network, going back to 1994 when he helped form and then lead CONNSTEP.

Last week, U.S. Air Force secretary Heather Wilson released a new Science and Technology Strategy outlining three broad areas for realignment within the branch. The secretary’s emphasis on transformational partnerships should be particularly noteworthy for non-defense organization working with new technologies or STEM workforce.

Earth Day has evolved from environmental consciousness raising in its beginnings in the early 1970s to this year’s celebration surrounded with climate change concerns and development of the clean energy industry.  A recent report from the Brookings Institution shows more discussion needs to happen around the types of workers, activities and skills that will be needed in the clean energy industry, and how those efforts can be more inclusive.

Describing the 125+ page document outlining the administration’s thoughts regarding the movement of federal R&D into market use as a “discussion guide, not a policy document,”  Under Secretary of Commerce for Standards and Technology and NIST Director Walter Copan announced the report’s release April 24 during the early minutes of the national convening of one of the communities most directly affected by any changes likely to result from the document: the technology licensing practitioners and offices which make up the Federal Laboratories Consortium fo

New research from Congress’ Joint Economic Committee’s Social Capital Project finds that the migration of highly-educated adults toward dynamic states and major metropolitan areas is accentuating America’s geographic divisions. Using census data from 1940 to the present, the authors define “brain drain” as someone in the top third of the national education distribution who resides in a state other than their state of birth between the ages of 31 and 40.

As a bedrock of American innovation, universities and federal laboratories research and develop new products that help drive economic growth. A new study from the Economic Growth Institute at the University of Michigan aims to improve national competitiveness in this arena by providing a roadmap for universities that includes best practices on translating research from the lab to the marketplace.

The sustainability of Manufacturing USA institutes depends on their ability to offer value across a wide range of stakeholders according to a recent report by The National Academies of Sciences’ National Materials and Manufacturing Board, on behalf of The National Institute of Standards and Technology and the Department of Defense. Since 2012, DoD has invested more than $600 million in its Manufacturing USA institutes, with funding intended to help cover startup costs and the first five to seven years of operations.

Concerns over national security have prompted the Treasury Department’s Committee on Foreign Investment in the U.S. (CFIUS) to force international investors to divest from two American tech startups, a move that will affect entrepreneurs and investors alike, according to a recent article by from Jeff Farrah of the National Venture Capital Association.

As the technology behind renewable energy continues to advance, recent research finds that the public sector plays an important role in catalyzing innovation. This can be seen in three main ways: by funding basic research on renewable energy in all 50 states; by partnering with cleantech startups; and by supporting cleantech clusters through networks, commercialization assistance, and access to capital. Taken together, this recent research suggests that public-sector partnerships can complement industry’s role in growing the green economy at the federal, state and local levels.

State funding for higher education has only halfway recovered in the 10 years since the Great Recession, according to a recent State Higher Education Finance (SHEF) report. The report also found that while higher education funding is stabilizing, the shift to greater reliance on tuition as a revenue source has leveled off, but remains higher than since before the Great Recession.

The IRS released its long-anticipated second tranche of rules on Wednesday, and the regulations provide some clarity around using Opportunity Zones to invest in businesses. Specific examples include details on defining a business’ operations within a zone and funds’ ability to reinvest proceeds. However, further clarification is needed, including around investors’ treatment of interim sales, and additional changes are forthcoming.

The Federal Communication Commission Chairman Ajit Pai outlined two new initiatives aimed at ensuring U.S. leadership in 5G and continuing efforts to close the digital divide. Pai announced his intent to create the Rural Digital Opportunity Fund, which he indicated would inject $20.4 billion into high-speed broadband networks in rural American over the next decade.

As the American population ages — by 2035, the country will have more people aged at least 65 than under 18 — so do the country’s business owners.

The Oakland-based Kapor Center, a nonprofit focused on leveling the playing field in tech, has announced the Tech Done Right (TDR) Challenge with funds from the Bill and Melinda Gates Foundation. With an emphasis on growing opportunities for women and people of color in the sector, the challenge will fund organizations with innovative solutions to building diverse, inclusive, and thriving tech ecosystems. Awardees will receive one-time grants beginning at $100,000.

Two community colleges in Florida became the winners of the 2019 Aspen Prize for Community College Excellence, which recognizes high achievement and performance among America’s community colleges. Winners were Indian River State College (IRSC) ($350,000) in Fort Pierce, Florida, and Miami Dade College ($350,000) in Miami; Odessa College and Palo Alto College in Texas and Pierce College in Washington were named as Rising Stars ($100,000 each).

Seven regional innovation cluster (RIC) initiatives have each been awarded $500,000 from the U.S. Small Business Administration. Although the SBA has yet to publish an official press release indicating the release of the 2019 Regional Innovation Cluster awardees, SSTI identified the awardees through other sources, such as USASpending.gov and a review of local news media. Read on for more information on the program’s awardees.

The trend of fewer, larger deals that emerged over the past few years continued through the first quarter of 2019, according to newly released data from PitchBook and the National Venture Capital Association. U.S. activity in the quarter included $32.6 billion of capital investment on 1,853 deals, making it the second-highest quarterly capital investment total in the last decade.

This week SSTI wraps up this year’s coverage of innovation-related initiatives covered in governors’ state of the state and budget addresses. This week Louisiana Gov. John Bel Edwards was the last governor to deliver a state of the state address in 2019, and he used his time to highlight the state’s surplus, a first since he has been in office. The governor is taking advantage of the new financial security to focus on funding for basics such as teacher pay and education among other things.

Innovation initiatives are seeing increased funding in some states as legislatures across the country begin to finalize budget bills and other legislation. SSTI continues to monitor these developments and this week we cover budget bills in Idaho that saw small increases to the Manufacturing Extension Partnership (MEP) program, as well as increases in the Small Business Development Center (SBDC) and STEM Action Center, and new funding for a computer science initiative. South Dakota will see an increase in funding for the Governor’s Office of Economic Development and West Virginia passed bills creating an SBIR/STTR matching grant program, support for community and technical college tuition assistance, expansion of broadband service, and other innovation-related initiatives in its budget that passed earlier in March.

University-based economic development practitioners seeking to improve their relationships with urban areas have a new resource guide available to them, thanks to research from the Thriving Cities Lab at the University of Virginia’s Institute for Advanced Studies in Culture.

A recent article from Pew Charitable Trusts shows how routine evaluations can help states make tangible improvements to their tax incentives. According to Pew, 30 states now have laws requiring evaluation of the incentives, and recent examinations in several states included key components that helped to inform the results. When analyses started with an effort to determine the specific goals of each incentive, their effectiveness was more easily determined.

While the overall Chinese economy may be facing a slowdown, the venture capital (VC) market continues to report strong growth and became the second largest VC market by total capital invested in 2018, according to a new report from PitchBook.

Many people have noticed that the Opportunity Zones tax incentive, intended to encourage investments in economically-distressed areas, lacks the type of reporting requirements that could help determine the real impacts of the incentive. Kresge Foundation is one organization that has been concerned by this information gap and has been working to implement solutions. The ultimate impact of Kresge’s latest effort is to provide further investor incentives in exchange for reporting compliance.

The U.S. unemployment rate is near its 50-year low, but the portion of the population in the labor force is also near a 40-year low.

If you are feeling that your money is not buying as much as it used to, that delinquent crime may be increasing as teenagers sit idle, that there is not enough focus on climate change or that corporate responsibility may be lacking, you may validate those feelings through the findings of several recently released research papers. SSTI received notice of the conclusions of five working papers that we thought we’d share.

The Trade War is increasing U.S prices, declines in real income.