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Another year, another budget declared DOA

Thursday, February 13, 2020

The Trump administration released its FY 2021 budget this week. As with the past three iterations, Congress is unlikely to consider the proposal, which would cut domestic spending by 20 percent over a decade. Nonetheless, a quick review of the White House’s budget reveals the administration’s priorities: EDA, ARPA-E and MEP would be eliminated; total R&D would be cut by nine percent while dramatically increasing funding for AI and quantum information science; loan programs at USDA and SBA would see funding cuts made up through increasing user fees; and, technical education would see a boost through both investments in high school programs and apprenticeship initiatives.

  • Read more about Another year, another budget declared DOA

Advanced manufacturing projects in 25 states share $140 million from DOE

Thursday, February 20, 2020

The Advanced Manufacturing Program within the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy awarded nearly $140 million to companies and universities in 25 states and the District of Columbia to support 55 advanced manufacturing research projects. Recipients are contributing an additional $47.8 million toward project costs. Projects received an average of $2.5 million, but range from $400,000 to $12 million. The accompanying map presents the distribution of awards across the country and brief details on each recipient.

  • Read more about Advanced manufacturing projects in 25 states share $140 million from DOE

Useful Stats: Per Capita County-level GDP

Thursday, February 20, 2020

Although changes in gross domestic product (GDP) give us an idea of how economies are changing, this measure fails to tell the full story. This edition of Useful Stats examines county-level GDP-per-capita, the measure of economic output for each resident in an area. What we see is strongly skewed data with high 2018 GDP-per-capita levels and high 10-year growth rates concentrated primarily in low population-high output counties.

Although changes in gross domestic product (GDP) give us an idea of how economies are changing, this measure fails to tell the full story. This edition of Useful Stats examines county-level GDP-per-capita, the measure of economic output for each resident in an area. What we see is strongly skewed data with high 2018 GDP-per-capita levels and high 10-year growth rates concentrated primarily in low population-high output counties. We also see that rural populations have declined over the period while metropolitan areas have grown, yet the median GDP-per-capita growth rates between the groups are essentially the same.

  • Read more about Useful Stats: Per Capita County-level GDP

Workforce development key to state economic development initiatives

Thursday, February 20, 2020

A report on employment trends from hiring firm Robert Half found that 2020 presents greater challenges for employers looking to expand their workforce as the country’s labor market is near full employment and job openings remain at high levels.

  • Read more about Workforce development key to state economic development initiatives

EDA, SBA receive support on the Hill

Thursday, February 20, 2020

Just days after the White House proposed eliminating EDA’s and SBA’s innovation programs, SSTI’s Innovation Advocacy Council held more than two dozen meetings on Capitol Hill. Teams of universities, venture development organizations and statewide entities talked with congressional staff about the importance of the Regional Innovation Strategies (now “Build to Scale”), the Regional Innovation Clusters, and Federal and State Technology Partnership (FAST) programs. Offices were largely interested in, and supportive of, the message.

  • Read more about EDA, SBA receive support on the Hill

Regional Innovation Strategies making $35 million available

Thursday, February 20, 2020

The U.S. Economic Development Administration has announced the FY 2020 notice of funding availability for the Regional Innovation Strategies program. There are multiple changes to the program this year, including that EDA is now referring to the program as “Build to Scale.” A total of $35 million is available this year due to support from Congress with advocacy from SSTI’s Innovation Advocacy Council. The Trump Administration budget proposal for FY2020, and again for FY2021, proposed eliminating the program.

  • Read more about Regional Innovation Strategies making $35 million available

Tech Talkin’ Govs 2020: AL, CT, MD, OK, PA, TN, WY look to education, workforce and energy initiatives

Thursday, February 13, 2020

With nearly 40 of the state governors now having given a state of the state or budget address, innovation themes continue to echo in their reviews of past accomplishments and plans for the coming year.

  • Read more about Tech Talkin’ Govs 2020: AL, CT, MD, OK, PA, TN, WY look to education, workforce and energy initiatives

119 U.S. colleges and universities recognized for community engagement

Thursday, February 13, 2020

Last week, the Carnegie Foundation for the Advancement of Teaching designated 119 U.S. colleges and universities as Carnegie Community Engagement Classification recipients. The universities undergo a self-study and review process that considers their relationship within their larger communities and includes areas such as institutional commitment, student impact and outreach and partnerships.

  • Read more about 119 U.S. colleges and universities recognized for community engagement

NBER research questions value of state business tax incentives

Thursday, February 13, 2020

In 2015, state and local business incentives across the nation combined for a total annual cost of roughly $45 billion, according to Timothy Bartik's 2017 report for the Upjohn Institute for Employee Research. New research suggests states and regions trying to attract business through the use of firm-specific tax incentives may want to try another tactic.

  • Read more about NBER research questions value of state business tax incentives

TEAMing-UP to increase diversity in physics and astronomy

Thursday, February 13, 2020

During 2018 and 2019, the American Institute of Physics (AIP) National Task Force to Elevate African American Representation in Undergraduate Physics & Astronomy (TEAM-UP), examined the persistent underrepresentation of African Americans in physics and astronomy in the U.S. as measured by bachelor’s degrees in these fields.

  • Read more about TEAMing-UP to increase diversity in physics and astronomy

Recent Research: High density areas more likely to produce unconventional innovation

Thursday, February 13, 2020

Uncommon innovation is more likely to be found in high density areas, according to recent research.

Uncommon innovation is more likely to be found in high density areas, according to recent research. An article by Enrico Berkes of The Ohio State University and Ruben Gaetani of the University of Toronto, found that high-density areas boast more unusual combinations of prior knowledge, often across technologically distant fields. Their results indicate that geography affects innovation, as high-density areas produce more diverse, original research (i.e. unconventionality) while low-density areas are more likely to produce research within specific clusters.

  • Read more about Recent Research: High density areas more likely to produce unconventional innovation

While economic expansion continues, several states forecasted to experience contractions

Thursday, February 6, 2020

While the longest economic expansion in modern times in the U.S. continues and fears of a nationwide recession have subsided, there are signs that growth is slowing, and some states may be at risk for a recession.

  • Read more about While economic expansion continues, several states forecasted to experience contractions

Tech Talkin’ Govs 2020: Innovation, education and budgets weigh on governors in latest round of addresses

Thursday, February 6, 2020

Education, infrastructure and budgets are all on the minds of the governors in this latest review of state of the state addresses. With more than half the governors having completed their outlooks by the end of January, this week we review the speeches through the end of month and find repeated attention to education, energy and budgeting issues, with a statewide lottery being introduced in Alaska, new energy legislation in Illinois, and South Carolina also proposed a funding increase for state universities that do not raise in-state tuition rates.

  • Read more about Tech Talkin’ Govs 2020: Innovation, education and budgets weigh on governors in latest round of addresses

Recent Research: The financial constraints entrepreneurs face

Thursday, February 6, 2020

What holds people back from starting a business? How does lifting financial constraints help promote entrepreneurship?

  • Read more about Recent Research: The financial constraints entrepreneurs face

Millennials are growing up and bucking assumptions — but not starting businesses

Thursday, February 6, 2020

A recent survey of millennials by professional services firm Ernst and Young (EY) provides insights into how the generation is aging — and bucking some long-held assumptions. Evaluating the generation’s trends in living arrangements, lifestyle and career preferences, financial health, and social perspectives, EY found that some of the assumptions about millennials are not holding.

  • Read more about Millennials are growing up and bucking assumptions — but not starting businesses

FCC moves ahead with $20 billion rural broadband funding plan

Thursday, February 6, 2020

The Federal Communications Commission (FCC) announced last week that it has approved the Rural Digital Opportunity Fund which will provide $20.4 billion over two phases to help expand broadband networks throughout rural communities. Phase one will provide $16 billion for use in communities that are currently unserved by broadband services with minimal download speeds of 25 megabits per second (Mbps) and 3 Mbps upload speeds.

  • Read more about FCC moves ahead with $20 billion rural broadband funding plan

When benchmarks breed bad behavior

Thursday, February 6, 2020

The old adage, “we become/are what we measure” can push behavior of individuals and organizations into unanticipated negative space when the selected key performance indicators take on too much importance — sometimes amazingly negative space that becomes common practice and potentially damaging for the entire industry.

  • Read more about When benchmarks breed bad behavior

Tech Talkin’ Govs 2020: AZ, CO, NJ, NY, VT spotlight climate, higher ed, rural and workforce proposals

Thursday, January 16, 2020

Governors are continuing to roll out their state of the state addresses and this week’s SSTI review highlights differences in the states economies: while Arizona is enjoying population growth Vermont is struggling to attract workers. More states are focusing proposals on climate change and clean energy initiatives, with New York proposing a $3 billion bond initiative to build resiliency, and Colorado, New Jersey and Vermont proposing clean energy and climate initiatives as well.  Rural broadband, higher education and workforce initiatives also are throughout the state addresses.

  • Read more about Tech Talkin’ Govs 2020: AZ, CO, NJ, NY, VT spotlight climate, higher ed, rural and workforce proposals

Tech Talkin’ Govs 2020: DE, HI, ME, MA, NE, NM, SD, WI trying to build economies

Thursday, January 30, 2020

The economy, workforce and climate change continue to surface in governors' state of the state addresses. While today’s strong economy allows most governors to reflect on how the states have grown, preparing for the next downturn continues to be a point of concern.

  • Read more about Tech Talkin’ Govs 2020: DE, HI, ME, MA, NE, NM, SD, WI trying to build economies

Useful Stats: 10-year Changes in Real GDP by County and Industry, 2009-2018

Thursday, January 30, 2020

Building on SSTI’s recent analysis of county-level GDP by industry, this edition moves beyond a single year and examines the changes in real — adjusted for inflation — county GDP and the changes in industry-specific contributions to county GDP for the 10-year period from 2009 to 2018. As shown in the interactive map below, the total 10-year growth rate for counties averaged approximately 21 percent.

  • Read more about Useful Stats: 10-year Changes in Real GDP by County and Industry, 2009-2018

Study finds SBA’s FAST is working

Thursday, January 30, 2020

The Federal and State Technology Partnership (FAST) is intended to increase innovation-based small business awareness and participation in the SBIR and STTR programs in places and populations that are underrepresented in the programs’ award portfolios.  Through FAST, the Small Business Administration (SBA) makes small, matching one-year awards to state programs on a competitive basis.

  • Read more about Study finds SBA’s FAST is working

Portland, Maine to benefit from $100 million research institute

Thursday, January 30, 2020

On Monday, Maine Gov. Janet Mills and Mayor Kate Snyder gathered on Portland’s waterfront for the unveiling of a $100 million research institute designed to drive innovation, talent and economic growth in Portland, the region and the state of Maine.

  • Read more about Portland, Maine to benefit from $100 million research institute

New decade, new opportunity for advancement in inclusive entrepreneurship

Thursday, January 30, 2020

A recent report from the Organization for Economic Cooperation and Development (OECD) focuses on increasing participation in entrepreneurship from underrepresented and disadvantaged groups such as women, immigrants, youth, seniors, the unemployed, and people with disabilities.

  • Read more about New decade, new opportunity for advancement in inclusive entrepreneurship

States boosting workforce efforts through skills training

Thursday, January 30, 2020

More states are employing different efforts to boost their workforce and to seek the best solutions to workforce dilemmas. The National Governors Association (NGA) recognized that governors are exploring ways to guide development and expansion of youth apprenticeship programs and has issued a white paper that explores three strategies governors can use to expand on such programs.

  • Read more about States boosting workforce efforts through skills training

NASEM report details threats facing bioeconomy, recommends action to safeguard US

Thursday, January 23, 2020

The National Academies of Science, Engineering, and Medicine (NASEM) has set out to address the core risks that currently threaten the United States' bioeconomy with the release of their report Safeguarding the Bioeconomy. While the U.S.

  • Read more about NASEM report details threats facing bioeconomy, recommends action to safeguard US

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Recent news from the SSTI Digest

Reauthorization of EDA’s popular Build to Scale program introduced

Thursday, May 21, 2026
The bipartisan Build to Scale Reauthorization Act of 2026 was introduced on May 15 by Congresswoman Haley Stevens (MI-11) and Rep. Jim Baird (R-IN), along with several co-sponsors. Additionally, more than sixty organizations and associations in 25 states endorsed the bill, which is designed to help Americans move new products, technologies, and medical inventions to market faster.
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Nonprofit Venture Development Organizations: what they are and why the approach matters

Thursday, May 21, 2026
Over the past 25 years, SSTI has seen a successful model emerge for supporting regional innovation-driven economies that deserves more attention from the TBED community. Successful Venture Development Organizations (VDOs) bring the entrepreneurial mindset of an innovation startup to regional economic growth strategies. VDOs simultaneously deliver multiple value propositions to their target service areas.
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Connecting companies to research assets faster: the Tennessee Innovation Exchange model

Thursday, May 21, 2026
The Tennessee Innovation Exchange (TNIX) is a statewide initiative designed to make it easier for companies, entrepreneurs, and investors to connect with university research expertise across Tennessee. In this recent TBED Community of Practice webinar, speakers Chuck Layne of LaunchTN and Tom Kissane of Halo Sciences explained how they partnered with six research universities to build a shared digital platform that supports university-industry collaboration and commercialization.
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