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The Employment and Training Administration (ETA) announced approximately $100 million in grant funds for the TechHire partnership grant program. The ETA anticipates that it will make up to 35 grants to support  pilot and scale public-private workforce development partnerships that can rapidly train workers for and connect them to well-paying, middle- and high-skilled, and high-growth jobs across a diversity of H-1B industries such as Information Technology (IT), healthcare, advanced manufacturing, financial services, and broadband.

Late last week, the Economic Development Administration (EDA) released “Tech Hubs Program Fact Sheet,” which provides some information on where the Tech Hubs program is headed. However, the sheet leaves many questions unanswered and raises new questions about how the program will be administered. The program, authorized in the CHIPS and Science Act at $10 billion, received $500 million in funding to date.

Venture capital (VC) activity continued to decline in the first quarter of 2023, according to data from Pitchbook-NVCA Venture Monitor Q1 2023. Total deal count declined, with exit count and venture-growth also slowing, and angel and seed activity hitting a 10-quarter low. The difficulties facing the market grew with tensions from the continuation of the Russian-Ukrainian war, the collapse of Silicon Valley Bank, and high inflation rates.

The European Council and the European Parliament have reached a provisional agreement to strengthen Europe’s semiconductor ecosystem, a deal designed to double the EU’s global market share in semiconductors from 10% to 20% by 2030.

Mark your calendar for Sept. 6-8 to join us in Atlanta for the 2023 SSTI Annual Conference!

Attendees will have the chance to share best practices and problem solve with colleagues who share your passion for innovation. There will be opportunities to explore funding sources to help take your projects to the next level, learn about the latest trends and topics in the innovation economy, and more!

A study titled Incubators, accelerators and urban economic development,[1] published in the Urban Studies Journal last year, found positive impacts on employment and access to capital for participants.

On Wednesday, President Obama launched a new National Strategic Computing Initiative (NSCI) by executive order. The multi-agency effort will seek partnerships with academia and industry to build high-performance computing systems capable of exascale processing and more than 10 times as fast as existing supercomputers.

The U.S. Census Bureau in February released a new experimental data product designed to better measure the business dynamics of innovative firms (BDS-IF). The new Business Dynamics Statistics of U.S. High Tech Industries provides measures of business dynamics for what the Census classifies as high-tech and non-high-tech industries, defined by science, technology, engineering and math (STEM) occupation intensity.

A new Bureau of Economic Analysis (BEA) release shows that over the past five years of available data (2018-2022), nationwide per capita personal income increased by 21.64%, rising from $53,786 to $65,423, with an average yearly percentage change of +5.04%.

EDA is now accepting applications for its $4.5 million FY 2023 STEM Talent Challenge to support programs to train science, technology, engineering, and math (STEM) talent and help fuel regional innovation economies.

This article was edited on April 19th, 2023, to correct for an error in the original data analysis.

This week the Congressional Research Service (CRS) released Regional Innovation: Federal Programs and Issues for Consideration, which provides a summary of federal programs supporting regional innovation systems (RIS), including programs of the CHIPS and Science Act.

Last year's Small Business Innovation Research (SBIR) reauthorization included a new requirement that participating agencies work to identify foreign connections of applying companies. Certain types of connections to “countries of concern,” which include China and Russia, could result in the small business being prohibited from receiving federal funds. The U.S.

Following a jolt of outmigration and population declines from some of the country’s most populous counties in 2021, new data from the U.S. Census Bureau reveal that county growth patterns are returning to pre-pandemic rates. The U.S.

What is the value of a college degree today? While tuition costs continue to rise, opinions on the perceived value of the degrees institutions of higher education provide are falling.

The Department of Labor (DOL) announced that it will award $450 million in job-driven training grants to nearly 270 community colleges across the country via the Trade Adjustment Assistance Community College and Career Training (TAACCCT) competitive grant program, which is co-administered by the DOL and Department of Education. The awards are to support community college-industry partnerships that will expand and improve education and career training programs offered at community colleges across the country.

The National Institute of Standards and Technology (NIST) published the revised Bayh-Dole Act rule, “Rights to Federally Funded Inventions and Licensing of Government Owned Inventions,” clarifying procedures and removing outdated references.

This week the Economic Development Administration (EDA) announced it had completed awarding $27.9 million in cooperative agreements to establish eight economic development Communities of Practice, including the Technology-Based Economic Development (TBED) Community of Practice led by SSTI to help build the capacity and disseminate effective technology-based economic development practices across the innovation industry

While the Tax Cuts and Jobs Act of 2017 was passed more than five years ago, many businesses seem to be just discovering the effects of one of its sections this tax season. The law stipulated that, for tax years beginning in 2022, companies could no longer choose to expense their entire “research and experimentation” costs in one year and must instead amortize those cost over five years (with a half year look-back).

As states and local economies tackle an ongoing workforce shortage and a tight labor market, some state legislatures are looking to relax or reform their child labor laws. These proposed changes come as U.S.

The U.S. Department of Treasury and the International Trade Administration within the U.S. Department of Commerce have issued reports considering a program to address national security concerns “arising from outbound investments from the United States into sensitive technologies that could enhance the technological capabilities of countries of concern in ways that threaten U.S.

A new report compiled by The White House Office of Science and Technology Policy (OSTP) outlines a whole-of-government approach to biotechnology and making it a national priority.

The Department of Labor (DOL) and the Small Business Administration (SBA) recently announced programs that will provide financial support to help states and regions assist key industries and small businesses compete in the global economy through the development of regionally focused workforce development and export assistance programs.