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Momentum builds for $50 million Regional Innovation program in FY 2021

Thursday, March 5, 2020

Nine national, nonprofit think tanks and innovation-focused associations have written a letter urging the Commerce-Justice-Science (CJS) appropriations subcommittees to provide $50 million in FY 2021 for Regional Innovation Strategies (RIS; now Build-to-Scale). Similarly, 50 current and former awardees have written to ask Congress to continue expanding the program’s support. These efforts follow dozens of meetings between SSTI members and congressional offices early last month.

  • Read more about Momentum builds for $50 million Regional Innovation program in FY 2021

New reports bolster broadband data, provide tactics for successful state broadband expansion

Thursday, March 5, 2020

Two new reports, one from the National Association of Counties (NACO) and the other from the Pew Charitable Trusts, provide new data on the gaps in access to broadband and some tactics for how states can effectively develop their broadband expansion projects.

Two new reports, one from the National Association of Counties (NACO) and the other from the Pew Charitable Trusts, provide new data on the gaps in access to broadband and some tactics for how states can effectively develop their broadband expansion projects.

  • Read more about New reports bolster broadband data, provide tactics for successful state broadband expansion

Is every job a STEM job?

Thursday, March 5, 2020

STEM and the American Workforce, a new report backed mostly by science associations, points to STEM jobs as one-third of direct employment, two-thirds of total employment, and 69 percent of America’s GDP. The authors highlight that 60 percent of STEM jobs are filled by people without bachelor’s degrees.

  • Read more about Is every job a STEM job?

NYT declares tech “humbled” but overreaches on underlying data

Thursday, March 5, 2020

A recent New York Times article points to high-profile stumbles by tech startups, particularly underwhelming IPOs by billion-dollar companies and thousands of people laid-off, and declares “start-up bloom deflates, tech is humbled.” As SSTI expressed concern abou

  • Read more about NYT declares tech “humbled” but overreaches on underlying data

USDA seeking input on agricultural innovations

Thursday, April 2, 2020

The U.S. Department of Agriculture announced it is seeking comments and suggestions on objectives and opportunities leading to research goals and informed product goals to facilitate transformative breakthroughs that would help the department increase agricultural production by 40 percent by 2050 while cutting the environmental footprint of U.S. agriculture in half.

  • Read more about USDA seeking input on agricultural innovations

Kauffman Foundation releases second report on new Indicators of Entrepreneurship

Thursday, April 2, 2020

Leveraging new data from the Census Bureau, the Kauffman Foundation recently released the second part of its new Indicators of Entrepreneurship series.

Leveraging new data from the Census Bureau, the Kauffman Foundation recently released the second part of its new Indicators of Entrepreneurship series. This report focuses on the foundation’s New Employer Business indicators — a subset of the Early-State Entrepreneurship indicators provided in Kauffman’s first report of the series in September 2019 — meant to illuminate trends in the emergence of new businesses with employees and the time it takes for these companies to make their first payroll. The series replaces the Kauffman Index of Entrepreneurship series.

  • Read more about Kauffman Foundation releases second report on new Indicators of Entrepreneurship

US Census participation vital, but lagging

Thursday, April 2, 2020

With congressional apportionment along with federal funds, grants and support to states, counties and communities on the line, the U.S. Census count is vital to every community. But the 2020 decennial count has hit another roadblock with lagging participation and a delay in outreach efforts.

With congressional apportionment along with federal funds, grants and support to states, counties and communities on the line, the U.S. Census count is vital to every community. But the 2020 decennial count has hit another roadblock with lagging participation and a delay in outreach efforts. Due to national social distancing guidelines and some states’ stay-at-home orders prompted by the COVID-19 outbreak, “Census Day,” originally scheduled for April 1, was recently postponed until at least April 15. The U.S. Census Bureau uses the day to kick-off in-person counting and outreach efforts, a huge component of the 2020 count.

  • Read more about US Census participation vital, but lagging

States dealt blow with pandemic

Thursday, April 2, 2020

In general, the effect of the pandemic on states’ budgets due to the wave of business, retail, and commerce shutdowns, as well as other reduced economic activity across the nation, is not entirely known, or too early to forecast; however, a number of states are beginning to experience the initial impacts of a substantial downturn. With several states having already enacted their 2020-21 budgets, special sessions are expected later this year to deal with declining revenues. Others ended sessions early without a new fiscal year spending plan in place.

  • Read more about States dealt blow with pandemic

Commentary: Federal priorities to address the national emergency

Thursday, April 2, 2020

COVID-19 has generated an economic crisis that is, thankfully, unique to our lifetimes. If we are to recover efficiently as a country, then the policy response must be similarly unique, addressing multiple needs along different time scales. Many people are looking to the Great Recession for lessons on how to move forward, but there are critical contrasts between the two crises that have important implications for the solutions we should consider.

  • Read more about Commentary: Federal priorities to address the national emergency

USDA unveils tool for rural communities fighting COVID-19

Thursday, April 16, 2020

The U.S. Department of Agriculture unveiled a one-stop-shop of federal programs that can be used by rural communities impacted by COVID-19. The resource guide lists programs that can be used to provide immediate and long-term assistance in support of recovery efforts for rural residents, businesses and communities through:

  • Read more about USDA unveils tool for rural communities fighting COVID-19

New technology framework facilitates access to innovations in fight against COVID-19

Thursday, April 16, 2020

A new set of technology transfer strategies designed to incentivize rapid utilization of available technologies that may be useful for preventing, diagnosing and treating COVID-19 infection during the pandemic has been established by a group including Stanford and Harvard universities and Massachusetts Institute of Technology. The licensing strategies are meant to facilitate rapid global access of available technologies to help fight the pandemic.

  • Read more about New technology framework facilitates access to innovations in fight against COVID-19

SBA PPP loans approved in all states, Great Plains lead per capita distribution

Thursday, April 16, 2020

SBA released data on the Paycheck Protection Program (PPP) this week for all approved loan activity through April 13 and told banks Wednesday night that the program is nearly out of funds. The data show more than 1 million loans worth more than $247 million approved across all states and territories.

  • Read more about SBA PPP loans approved in all states, Great Plains lead per capita distribution

Q1 venture capital data shows promise, but slump expected Q2

Thursday, April 16, 2020

The PitchBook-NVCA Venture Monitor for Q1 of 2020 shows just a few signs of investment activity slowing down. The high and low ends of the VC spectrum appear particularly robust, with the number of angel (653) and mega (62) deal counts both almost exactly on track to match 2019’s figures.

  • Read more about Q1 venture capital data shows promise, but slump expected Q2

Pre-apprenticeship programs boost career readiness, increase skills

Thursday, April 16, 2020

In early April the Department of Labor announced a $42.5 million grant opportunity for the Youth Apprenticeship Readiness Grant Program. The program is to support the development of new or expanding registered apprenticeship programs (RAPs) for youth, including quality pre-apprenticeship programs that lead to a RAP.

In early April the Department of Labor announced a $42.5 million grant opportunity for the Youth Apprenticeship Readiness Grant Program. The program is to support the development of new or expanding registered apprenticeship programs (RAPs) for youth, including quality pre-apprenticeship programs that lead to a RAP. The grant program supports the president’s executive order and the Department of Labor, Employment and Training Administration’s goals to promote pre-apprenticeships, to develop a strong youth apprenticeship pipeline, and to expand access to youth apprenticeships. Such programs provide both a pipeline of educated workers for industries, as well as greater opportunities for youth exploring career options.

SSTI recently took a look at some of the pre-apprenticeship programs in different states across the country and the impact some are having.

  • Read more about Pre-apprenticeship programs boost career readiness, increase skills

Pandemic wreaking havoc on higher ed

Thursday, April 16, 2020

Last week,  U.S.

Last week,  U.S. Secretary of Education Betsy DeVos announced that more than $6 billion of the roughly $14 billion in funding for higher education through the Coronavirus Aid, Relief, and Economic Security (CARES) Act would be made available to colleges and universities to provide direct emergency cash grants to college students whose lives and educations have been disrupted by the coronavirus outbreak. Those disruptions reflect just a piece of the larger upheaval the coronavirus has inflicted on the entire higher education community. Institutions across the country are wrestling with ways to stem the damage from the pandemic, from easing admission standards and furloughing employees to delaying a return to campuses and possibly even closures. And some are saying that the funds that have been provided, just a fraction of the $50 billion the higher education community had sought, won’t be nearly enough.

  • Read more about Pandemic wreaking havoc on higher ed

.ORG management change could double URL fees

Thursday, March 12, 2020

Organizations using a web address ending in .ORG should be aware of an upcoming change affecting website registrations. In brief, the nonprofit manager of the .ORG top-level domain is requesting permission from ICANN, which is ultimately responsible for domain registration, to a private equity firm.

  • Read more about .ORG management change could double URL fees

SEC proposes changes to exempt offerings including crowdfunding

Thursday, March 12, 2020

The U.S. Securities and Exchange Commission (SEC) recently proposed rule changes that aim to make fundraising easier for new companies, including by expanding crowdfunding’s applicability and allowing for “demo day” communications. The changes target three particular methods of exemptions: Regulation A, Rule 504 of Regulation D, and Regulation Crowdfunding.

  • Read more about SEC proposes changes to exempt offerings including crowdfunding

Biotech industry diversity examined

Thursday, March 12, 2020

The biotechnology industry has made progress in increasing representation, especially in pre-revenue, smaller and private companies, however, diversity and inclusion programming is still in the nascent stages at most companies responding to a survey by the Biotechnology Innovation Organization (BIO).

  • Read more about Biotech industry diversity examined

NIH activates new funding vehicle for COVID-19 R&D, other measures seek more information

Thursday, March 12, 2020

For the first time and in response to the COVID-19 outbreak, the National Institute of Allergy and Infectious Diseases (NIAID) together with the National Institute of General Medical Sciences (NIGMS) has activated the NIH Urgent Award mechanism. The targeted opportunity is intended to provide funds for NIH grantees applying to expand the scope of their active grant.

  • Read more about NIH activates new funding vehicle for COVID-19 R&D, other measures seek more information

NIST seeking pathways for including non-federal manufacturing centers in national network

Thursday, March 12, 2020

The National Institute of Standards and Technology (NIST) is seeking to expand the network of Manufacturing USA centers for innovation, providing pathways for participation from external industry organizations, according to a recent notice in the Federal Register.

  • Read more about NIST seeking pathways for including non-federal manufacturing centers in national network

Pandemic upends states’ legislative sessions

Thursday, March 19, 2020

Postposed primary elections, shuttered schools, sheltering in place orders and millions of workers shifting to home offices while others are displaced completely — the COVID-19 pandemic is radically altering the way of life for the country. States, too, are scrambling to respond to the pandemic while dealing with ongoing legislative sessions and budget negotiations. Some of those responses are detailed here.

  • Read more about Pandemic upends states’ legislative sessions

Manufacturers needed in COVID-19 response

Thursday, March 19, 2020

The White House has reached out to the National Association of Manufacturers to seek volunteers who can donate and provide and/or produce within two weeks large-scale quantities of critical supplies to help the nation respond to the COVID-19 pandemic. Those that may have the ability to produce needed supplies are urged to respond to the survey found here.

  • Read more about Manufacturers needed in COVID-19 response

Report: Nearly half of small businesses not ready for two-week slowdown

Thursday, March 19, 2020

A report released last fall on the financial stability of U.S. small businesses in 25 metros has been given new context as attempts to slow the coronavirus pandemic have brought a majority of in-person commerce to a halt across communities, the country, and the globe.

  • Read more about Report: Nearly half of small businesses not ready for two-week slowdown

The growing college wealth divide — a quick look

Thursday, March 19, 2020

While the income benefits of a college education receive frequent attention, a recent article from the Federal Reserve Bank of St. Louis highlights the importance of a college degree for wealth accumulation. The average wealth for a college-educated household has tripled since the 1970s, while wealth for households without degrees have remained stagnant. These divergent trends in economic well-being are further evidence of the growing inequality among Americans, and the rising importance of education to staying ahead of this divide.

  • Read more about The growing college wealth divide — a quick look

A platform to support science and entrepreneurship through the pandemic and beyond

Thursday, April 23, 2020

SSTI’s Innovation Advocacy Council has sent letters to congressional leadership outlining emergency actions needed to support tech- and innovation-driven businesses and recovery-focused programs to leverage American ingenuity for economic stimulus. The letters call for expanding SBA’s technical assistance to startups, leveraging EDA’s Build to Scale program, catalyzing new programs for equity investment and commercialization, and incorporating innovation into any infrastructure initiative.

  • Read more about A platform to support science and entrepreneurship through the pandemic and beyond

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What the proposed redefinition of “professional degrees” might mean for institutions, sectors, and workforce pipelines

Monday, November 24, 2025

The federal student loan landscape is undergoing its most sweeping restructuring in decades. Under the One Big Beautiful Bill Act (OBBBA) of 2025 and the U.S. Department of Education’s (ED's) proposed regulations, the definition of “professional degree” is being reinterpreted, sharply reducing the number of students eligible for the higher federal loan caps reserved for professional training.

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Recent Research: Do mergers and acquisitions spur more or less innovation?

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With fewer than 1,000 Initial Public Offerings in any year, the most common exit strategy for investors in early-stage innovation firms is to find an acquisition opportunity. For the broader economic goal of encouraging innovation because it drives growth and societal progress, when large firms acquire smaller, innovative companies, does it promote innovation, or does it primarily help dominant players thwart possible competition and consolidate market power?

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TBED Works: TBED organization supports the creation of entrepreneurship ecosystems throughout Indiana

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Technology-based economic development organizations work with economic development professionals throughout the U.S. to help build their local innovation and entrepreneurship ecosystems. Sometimes, bringing in outside expertise with established networks to R&D and finance can accelerate the local capacity to support innovation-driven startups. gener8tor, a venture capital and startup accelerator founded in Wisconsin, is one such example of external partners supporting TBED capacity building anywhere.

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