Unless Congress and the White House take action by the end of the year, across-the-board spending reductions will go into effect for all federal agencies as a result of provisions in the Budget Control Act of 2011. The budget sequestration would reduce defense discretionary funding by 9.4 percent and non-defense funding by 8.2 percent from the 2011 baseline.
This week, the U.S. Department of Commerce updated its timeline for funding opportunities that support semiconductor and related manufacturing, as well as relevant R&D facilities. The department still intends, as first stated in its strategic plan last fall, to make funding for chip fabrication facilities available later this month.
Although freshman enrollment in higher education increased 4.3% in fall 2022 compared to the previous year, total enrollment declined by 0.6% and still remains below pre-pandemic levels. Total enrollment of both undergraduate and graduate levels is down about 1.11 million students (5.8%) compared to fall 2019. Freshman enrollment in community colleges, which had taken a greater hit during the pandemic, is up 6.1% over fall 2019.
The Department of Labor announced over $175 million in new funding for community colleges to grow and enhance their manufacturing education and training programs through partnerships with local employers. Part of the $500 million Trade Adjustment Assistance Community College and Career Training (TAACCCT) initiative, the grants are intended to promote skills development and employment opportunities in advanced manufacturing.
On Tuesday, Feb. 1, SSTI’s new TBED Community of Practice hosted its first webinar as part of a multi-year effort to build capacity among Economic Development Administration (EDA) grantees to achieve greater impacts and strengthen the overall practice of technology-based economic development (TBED). Webinar participants learned about new funding sources and how they can support regional innovation economies.
The U.S. Department of Energy (DOE) requests input from stakeholders on place-based innovation activities leveraging research institutions, such as (but not limited to) DOE’s national laboratories and sites. Feedback collected as part of this RFI will inform DOE’s future program planning and development efforts. The RFI is an opportunity to provide input on how DOE can catalyze and sustain place-based ecosystems across the country.
This past December, the U.S. Department of Energy (DOE) sent out letters of encouragement, or discouragement, to applicants in the competition for up to $7 billion in federal funding to support the development of regional hydrogen hubs. Of the 79 original applicants, 33 were advised to move forward with writing a full application.
From 2002-2021 (the last 20 years for which data is available), the total U.S. real gross domestic product (GDP adjusted for inflation, or Real GDP) increased by approximately 45%, from $13.5 trillion to $19.6 trillion in chained 2012 dollars. On a per capita basis, county-level real GDP increased by an average of 36% over the past 20 years, with a range of growth from -77% (Brooks County, Texas) to 3,950% (Culberson County, Texas).
The South Carolina Research Authority (SCRA) had an economic impact of over $1.15 billion in FY 2022, through follow-on funding, grants awarded, investments made by affiliate SC Launch Inc, job support and more, according to their annual report. This total is an increase of almost 15% from their economic impact in FY 2021. The report was compiled by SCRA with assistance on the economic impacts provided by the University of South Carolina Darla Moore School of Business.
Five SSTI member organizations — Conductor, Nebraska Business Development Center, University of Louisville, University of South Alabama, and Verge — were awarded micro grants by SSTI to host policy meetings with state and local officials in their regions about the needs of innovation-driven entrepreneurs. The awards were made possible thanks to a project with the Ewing Marion Kauffman Foundation. In total, the seven meetings held by these groups connected dozens of entrepreneurs and support organizations with federal, state and local elected officials, program administrators and staff.
Microbusinesses (businesses with 1-9 domestic employees) spent $7.5 billion in both domestic and foreign R&D expenditures or costs in 2020, of which $6.7 billion was in the U.S. Of this total, $5.6 billion was performed by microbusinesses themselves, according to the National Center for Science and Engineering Statistics (NCSES) and data from the Annual Business Survey (ABS). The $5.6 billion performed by U.S.
A previous Digest article gave a broad overview of the most recent survey of Higher Education Research and Development (HERD) for FY 2021 (the most recent data available), including a breakdown of what field of studies receive the most R&D funding.
The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund released a file and map summarizing core economic data for each census tract. Policymakers and practitioners should be aware of these changes for both what the data reveal about local economic trends and the impact the changes could have on future program eligibility.
The U.S. Department of State established a new office intended to develop and coordinate critical and emerging technology foreign policy, including biotechnology, advanced computing, artificial intelligence, and quantum information technologies. The Office of the Special Envoy for Critical and Emerging Technology began operations Jan. 3. The office will offer policy expertise in technology, diplomatic leadership, and strategic direction for the department.
This edition of Useful Stats takes a high-level look at the United States’ change in Real Gross Domestic Product (RGDP, which is GDP adjusted for inflation) on a per capita basis for each of its counties, boroughs, parishes, etc. (hereon referred to as “counties”). Looking at RGDP per capita allows for an inflation adjusted, population standardized metric for comparing counties over time.
SSTI is excited to announce staffing changes that are helping us build on our mission to strengthen initiatives to create a better future through science, technology, innovation and entrepreneurship. Over the past few months, SSTI has added five new staff members — Casey Nemecek, Jerry Coughter, Jonathan Dillon, Lisa Clayton and Sobia Saied — strengthened our student interns/assistants program, and promoted Mark Skinner to executive vice president and Jason Rittenberg to vice president.
Recent SSTI staff additions:
In larger VC firms with more assets under management (AUM), women at all levels received pay in line with what men received, with the median total cash for female general partners above that of the men. However, women at smaller AUM firms received significantly less total cash compensation than men, particularly at the managing general partner level, according to a survey on professional compensation in venture capital firms conducted by First Republic Bank recently and J. Thelander Consulting, Inc.
The National Association of State Budget Officers’ (NASBO) Fall 2022 Fiscal Survey of States, released last month, reflects a more positive fiscal environment than last year and found that F
New fiscal year (FY) 2021 Higher Education Research & Development (HERD) survey data released by the National Science Foundation (NSF) reveals a $3.4 billion (4%) increase in research and development (R&D) spending by institutions of higher education ($86.5 to $89.9 billion), driven almost entirely by a decades high federal government R&D funding increase of $3 billion.
Thirty-three states have been approved for at least one equity program through the State Small Business Credit Initiative (SSBCI) as of December 2022. The states are: Alaska, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Vermont, Virginia, West Virginia.
The U.S. Department of Commerce recently launched the Capital Readiness Program grant competition, which will provide $93.5 million to help minority and other underserved entrepreneurs grow and scale their businesses and be administered by the Minority Business Development Agency.
In addition to last week’s Digest story on all state expenditures, the National Association of State Budget Officers’ (NASBO) 2022 State Expenditures Report detailed information on higher education expenditures, finding a 9.4% increase (from $225 to $247 billion) in total higher education expenditures ov
In a hearing this week, lawmakers expressed bipartisan support for EDA’s innovation programs and for providing appropriations for the newly-authorized Regional Innovation and Technology Hubs. On Dec.
In an effort to help rural citizens retain their resources and wealth, the U.S.