The U.S. Small Business Administration has announced four new Regional Innovation Clusters that will be included among its portfolio of high-performing regional networks. Awardee clusters will receive $500,000-$550,000 for mentoring, counseling, pitch development and other small business support programs. The new members of SBA’s cluster portfolio include Milwaukee’s Water Technology Cluster, Southeastern New Mexico’s Autonomous and Unmanned Systems Cluster, a Retail, Supply Chain and Food Processing Cluster spanning the Ozarks region and a Marine Industries Cluster in several Gulf Coast states.

After decades of seeing their suburbs thrive while their cores decayed, cities across the United States  are receiving a long overdue influx of talent and capital in what Alan Ehrenhalt describes as the “great inversion.” While a large proportion of wealth and population in many regions still lives in the suburbs, trends are shifting, and it’s not just anecdotal.

Each year, the first Friday in October marks Manufacturing Day, a quasi-holiday where manufacturers nationwide open their doors to host open houses, tours, workshops, and other events to educate the public on the current state of American manufacturing. Although the phrase “American manufacturing” may conjure up images of oversized equipment or Rust Belt decay, the industry is, by many accounts, thriving. One of the highlights of this year’s Manufacturing Day was Jay Williams, the Assistant Secretary of Commerce for Economic Development’s announcement of a nearly $1.9 million EDA grant to Wichita State University in South Kansas to support advanced manufacturing, fueling the creation of 500 jobs and providing competitive advantage to the region’s transportation equipment manufacturing industry.

The Energy Department’s National Renewable Energy Laboratory (NREL) will administer two new initiatives to bring clean energy technologies to market. Lab-Corps, a $2.3 million pilot program, will build on the National Science Foundation’s iCorps model to accelerate the development of cleantech discoveries and train lab researchers.

November 3, 2014, is the last day to submit an application for FY14 grants through the Economic Development Administration’s Regional Innovation Strategies program.  The current solicitation includes three different types of awards: i6 Challenge grants, Science and Research Park Development Grants; and, Cluster Grants to support the development of seed capital funds.

On November 4, 42 states will vote on 146 ballot issues across a wide array of issues. In addition to initiatives on gun control, bear baiting, and the minimum wage, several initiatives relevant to the TBED community are also up for decision. SSTI has gathered information on many of these and will discuss their results after next week’s elections.

The federal government should invest in strategic technologies and multi-agency initiatives to iincrease U.S. advanced manufacturing capabilities, according to a new report from the President’s Council of Advisors in Science and Technology. The Advanced Manufacturing Partnership (AMP) Steering Committee “2.0” is a cross-sector, national effort to secure US leadership in emerging technologies that create high-quality manufacturing jobs and enhance the nation’s competitiveness.

Michigan Gov. Rick Snyder recently signed a new law (HB 5273) that will allow for the creation of secondary markets through which intrastate crowdfunded securities can be listed, sold and resold. Under the new securities exemption, broker-dealers interested in establishing an exchange (online or in person) must apply and be registered with the state as well as follow rules of operation laid out in the legislation.

On November 20, the Securities Exchange Commission (SEC) will hold its annual Government-Business Forum on Small Business Capital Formation in Washington, D.C. The forum will include a morning panel session and four afternoon breakout groups. During the morning panel, the SEC panel will kick off the event by tackling several topics including the hot-button issue of defining accredited investor. In the afternoon, attendees can register to attend one of four topic-specific breakout groups:

On Tuesday, 36 states held gubernatorial elections. Though it was a good night overall for incumbents, 10 new governors will take office next year. Republicans picked up four governorships that are currently under Democratic control, including Arkansas, Illinois, Maryland and Massachusetts, while Democrats managed a win in currently Republican Pennsylvania. New governors will also take office in Arizona, Hawaii, Nebraska, Rhode Island and Texas.

Last week, the U.S. Department of Housing and Urban Development (HUD) announced a Request for Applications (RFA) for cities seeking economic revitalization through the National Resource Network (The Network), a public-private initiative that works with national experts and strategic partners to increase the economic competitiveness of cities and reverse population decline, job loss, and high poverty rates.

U.S. Secretary of Commerce Penny Pritzker announced the solicitation for the second round of the Investing in Manufacturing Communities Partnership (IMCP) will be released in the coming weeks. Through this federal funding competition, regions from across the country will compete to receive the designation of manufacturing communities and receive the financial and technical support of 11 federal agencies to achieve economic growth and job creation through manufacturing.

In two recent academic journal articles from the United Kingdom (UK), the authors look at the characteristics that lead to successful entrepreneurs and startup firms. In both articles, the founders’ business experience – both corporate and entrepreneurial – was a strong indicator of startup success, sustainability, and job creation.

In case you missed it, the midterm elections were on Tuesday, resulting in Republicans taking control of Congress, several new governors, and five states endorsing minimum wage increases.

With about 82 percent of all U.S. state legislative seats up for election on Tuesday, Republicans took control of 11 chambers previously held by Democrats, according to the National Council of State Legislatures (NCSL). As of Wednesday, state legislative chambers stood at 68 Republican and 30 Democrat, with Nebraska’s unicameral legislature as non-partisan.

The Department of Defense (DOD) released a federal funding opportunity (FFO) to establish an Integrated Photonics Institute for Manufacturing Innovation (IP-IMI). Administered by the Air Force Research Laboratory, the Integrated Photonics Institute will assist in developing an end-to-end photonics ecosystem in the U.S. and support photonics-focused research and development efforts across the country (see related Digest article).

Three research-focused economic development organizations have released reports over the course of the last month detailing their progress in supporting economic growth, innovation, and beyond. The University of Massachusetts, the Georgia Research Alliance, and the Virginia Center for Innovative Technologies each use a different approach to measure their success and to communicate their impact to external stakeholders. The variety of releases demonstrates the range of approaches that organizations use to provide useful data in a format that attracts attention to their achievements.

A new report released last week by Hermann Hauser, one of Britain’s most renowned technology entrepreneurs, announces his support for the expansion of the UK’s Catapult Network, a series of national centers focused on innovating around specific industry areas.

Federal funds for science and engineering at American universities grew steadily from 2001 to 2008, jumped in 2009 and 2010 due to the American Reinvestment and Recovery Act (ARRA), and more or less returned to its original trajectory in 2011, according to survey data from the National Science Foundation (NSF). Federal S&E funding in most states followed a similar pattern. A few states, including Minnesota and Delaware, managed to sustain their level of federal S&E support after the Recovery Act funds ceased.

A more innovative economy does not have to lead to greater inequality, as long as educational pathways exist for middle-skill workers, according to a new report from Jobs for the Future and Achieving the Dream. The groups’ Middle-Skill STEM State Policy Framework provides a set of strategic goals for states to link the community college experience with the needs of employers.

Over the last several years, universities have been forced to reimagine ways that they engage with alumni beyond the traditional method of fundraising via alumni donations. These universities and their alumni associations want to increase alumni involvement and facilitate interactions between their high-achieving alumni, faculty, and students. Over this same time span, many universities have increased the size and scope of their entrepreneurship curricula and degree programs.

The California Community College Board of Governors unanimously approved a comprehensive workforce development plan to coordinate efforts across its 113-college system to help California close its considerable job skills gap, which is defined as the state needing one million workers credentialed for middle-skill jobs.

Between the second quarters of 2014 and 2015, consumer spending significantly slowed, according to research from the JP Morgan Chase Institute. The institute used data from credit and debit card transactions to track spending in 15 major U.S. metropolitan areas. They found that most of the slowdown could be attributed to decreased spending among consumers 65 and older, and among middle- and high-income consumers. Also, while consumer spending declined among all businesses, larger businesses reduced their spending by a larger margin.

As universities become increasingly interested in the economic development dimension of their missions, it may be appropriate to consider entrepreneurship, innovation, and technology-based economic development activities in faculty advancement decisions, according to a new report from an Association of Public and Land-Grant Universities (APLU) task force.

Overwhelming majorities of voters across the nation and in key swing states support a comprehensive initiative designed to parlay the United States’ strong research base into greater economic prosperity and a higher quality of life for all. These findings come from a new survey conducted for the Innovation Advocacy Council, an initiative of SSTI, by the bipartisan team of Greenberg Quinlan Rosner Research and TargetPoint Consulting.