SSTI receives recognition
SSTI received an Appreciation Award as part of the Association of University Research Parks (AURP) Awards of Excellence at their 2019 International Conference earlier this month. SSTI President &CEO Dan Berglund accepted the award and has led SSTI since its launch in 1996. The award recognized the organization for having “helped develop a nationwide network of practitioners and policymakers dedicated to improving the economy through science, technology and innovation.
Virginia tech talent initiative fueled by Amazon need
Students and tech employers stand to benefit from a new initiative in Virginia that grew out of the Commonwealth’s proposal to Amazon, which is building its second headquarters in Northern Virginia. Last week, Gov. Ralph Northam announced that Virginia will invest in their tech talent pipeline to produce 31,000 new computer science graduates over 20 years.
Universities launch incubators, accelerators and funds in 2019
Universities frequently play an integral role in providing activities, research, and products that positively affect or support local, regional, state and national economic development or strategic goals. In higher-education’s efforts to align its participation in innovation and entrepreneurship systems, universities’ incubators, accelerators and fund programs are essential in assisting their faculty, staff, or students in the services and support needed to create startups, bring products to market, or provide critically needed funding.
Total number of students declines, but minority numbers on the rise
The number of students enrolled in all levels of school in 2018 was 76.8 million, a drop of 2.8 percent from the 79 million enrolled in 2011, according to a new study by the U.S. Census Bureau. The biggest decrease in enrollment was at two- and four-year colleges. Enrollment in two-year colleges was down from 5.7 million to 4.3 million, a 25-percent drop, while enrollment in four-year colleges was down from 20.4 million to 18.9 million, a 7.6 percent dip over the 2011-2018 period.
The number of students enrolled in all levels of school in 2018 was 76.8 million, a drop of 2.8 percent from the 79 million enrolled in 2011, according to a new study by the U.S. Census Bureau. The biggest decrease in enrollment was at two- and four-year colleges. Enrollment in two-year colleges was down from 5.7 million to 4.3 million, a 25-percent drop, while enrollment in four-year colleges was down from 20.4 million to 18.9 million, a 7.6 percent dip over the 2011-2018 period. The number of graduate-school students is up to 4.3 million, a 300,000 jump from the 2011 total. The number of minority students has increased as well.
Useful Stats: Higher Education R&D Performance by Metro, 2009-2018
This week’s edition of Useful Stats covers Higher Education Research & Development (HERD) expenditures at the metropolitan level, pulling from the recent NSF updates to its HERD performance data. High levels of college and university R&D activity is not surprisingly clustered heavily in the East Coast — ranging from the District of Columbia up to Boston — and on the West Coast in California.
This week’s edition of Useful Stats covers Higher Education Research & Development (HERD) expenditures at the metropolitan level, pulling from the recent NSF updates to its HERD performance data. High levels of college and university R&D activity is not surprisingly clustered heavily in the East Coast — ranging from the District of Columbia up to Boston — and on the West Coast in California. The 10-year average HERD expenditures were the greatest in the New York-Northern New Jersey metro area ($3.7 billion), Boston ($2.8 billion), Baltimore ($2.8 billion), Los Angeles ($2.6 billion), and Houston ($2.0 billion). These five metro areas account for nearly 21 percent of the nation’s total 10-year average R&D spending by universities and colleges. Of the 209 metro areas included in this analysis — and excluding nonmetropolitan areas — the top 15 metros account for approximately 45 percent of the 10-year average of total HERD expenditures.
Proposal would create 10 new innovation hubs across US
Brookings and the Information Technology and Innovation Foundation (ITIF) are proposing a new concentration of federal investment into 10 metros with a goal of creating new innovation hubs. The Case for Growth Centers is likely an early entry of what will be many suggestions between now and next November for “massive federal” policies, but may be one of the most directly relevant to regional innovation economies.
Recent research: Angel tax credits not showing economic impact
In a new working paper, Sabrina T. Howell of New York University and Filippo Mezzanotti of Northwestern University provide a systematic review of state angel tax credits. One of the most notable aspects of their research is a seemingly-comprehensive index of all of the relevant programs authorized by states over the past 30 years. The results indicate that angel tax credits have some impact on investment activity but not on economic outcomes.
States try to boost workforce through variety of programs
Advancing programs to increase students’ tech skills, raising awareness of the skilled trades, attracting out of state workers by paying moving expenses, and creating a Governor’s Workforce Council, were just a few of the new programs across the states dealing with current and looming shortages in the workforce. This week SSTI takes a look at some of the different workforce development initiatives that surfaced in 2019 as part of our ongoing coverage of innovation programs that were implemented this past year.
Useful Stats: Higher Education R&D Expenditures by State, 2009-2018
Expenditures in higher education R&D (HERD) grew in FY 2018, increasing by $4.1 billion over FY 2017, the largest year-over-year increase since FY 2010-2011 according to an SSTI analysis of recently released data from the National Science Foundation’s National Center for Science and Engineering Statistics. For the 10-year period from FY 2009 to FY 2018, HERD grew by 38.4 percent nationally, representing an increase of nearly $22 billion.
Manufacturing wage growth supporting Appalachian economy
Earnings for Appalachian manufacturing workers grew 3.4 percent from 2012 through 2017 to an average of $63,583. The growth is in the Appalachian Regional Commission’s Industrial Make-up of the Appalachian Region, 2002-2017, which reviews employment and wages by sector across the region. Appalachian workers overall saw earnings increase by 3.7 percent over the five years.
Online gallery highlights successful state and local partnerships with federal labs
The Federal Laboratory Consortium for Technology Transfer (FLC) is showcasing a new, online gallery of successful stories of regional value produced when state and local government entities and federal laboratories work together. The State and Local Government T2 Partnerships Gallery features 11 stories from nine states, spotlighting partnerships from nine federal agencies, 12 federal laboratories, and their respective state and local government partners.
New book finds job-creation tax incentives mostly fail, improvements recommended
Tax incentives don’t affect a company’s decision on where to locate in a majority of cases, according to a new book. Making Sense of Incentives: Taming Business Incentives to Promote Prosperity by Timothy J. Bartik of the W.E.
Tax incentives don’t affect a company’s decision on where to locate in a majority of cases, according to a new book. Making Sense of Incentives: Taming Business Incentives to Promote Prosperity by Timothy J. Bartik of the W.E. Upjohn Institute for Employment Research does conclude that better-designed tax-incentive programs “when combined with business services and other smart policies … can be a cost-effective way to promote inclusive local economic growth.”
Virginia’s proposed legislation for innovation gathering steam
While Virginia has worked over the past 30 years to build their innovation economy, this past year it changed up the game. SSTI recently talked with Robby Demeria, Virginia’s deputy secretary of commerce and trade for technology, about the planning underway in Virginia and how the commonwealth is proceeding with a new initiative to grow their economy.
Little Rock site for SSTI’s 2020 Annual Conference!
SSTI is excited to announce Little Rock, Arkansas, as the site for our 2020 Annual Conference, Oct. 5-7. The conference is the premier gathering of practitioners and policymakers from across the country who work to create a better future through science, technology, innovation and entrepreneurship.
Defense bill extends Regional Innovation Strategies, Manufacturing USA
This year’s national defense authorization act (NDAA) includes extensions of the Regional Innovation Strategies (RIS) program and Manufacturing USA. The House and Senate have passed the FY 2020 legislation, which authorizes up to $738 billion in appropriations and sets policy for a wide range of defense-related activities. The NDAA is one of the few bills that passes Congress each year.
8 things to know from the FY 2020 budget
Congress is expected to pass the FY 2020 budget this week, and as anticipated, the bills include billions in new appropriations. Innovation policy priorities, such as Regional Innovation Strategies, Manufacturing Extension Partnership, and NSF, did well in the final budget. Here are the top things to know about innovation initiatives in the final budget.
1. Regional Innovation Strategies receives $33 million
States aim to drive growth with new economic development, energy plans
A trio of plans focused on economic development at the state level were released this month. Noting that it is at an economic crossroads and facing serious challenges, Maine’s Department of Economic and Community Development has issued a new 10-year economic development strategy for the state. Massachusetts has also proposed a new economic development plan, focusing on four key areas, while a new report in Maryland is targeting clean energy as an opportunity for the state to invest in the future.
Maine’s plan
NIH issues new notice on diversity
NIH has taken an expanded approach in defining scientists from disadvantaged backgrounds, in an effort to encourage and enable more biomedical scientists. NIH determined that the criteria they were using in defining disadvantaged was too narrow; for example, what was considered low-income ($25,750 for a family of four) is actually considered severe poverty and represents an overly strict threshold, the reviewers found.
Useful Stats: GDP by County and Industry Contribution
This edition of Useful Stats examines the Bureau of Economic Analysis’ first full release of county-level gross domestic product (GDP) data. Specifically, this analysis considers total county GDP in 2018 and the contributions to each county’s GDP by industry.
This edition of Useful Stats examines the Bureau of Economic Analysis’ first full release of county-level gross domestic product (GDP) data. Specifically, this analysis considers total county GDP in 2018 and the contributions to each county’s GDP by industry.
While finance and insurance in New York ($222.5 billion) accounted for the single largest contribution to both total county GDP and total U.S. GDP in 2018 — followed by real estate and rental and leasing in Los Angeles ($150.2 billion) — the manufacturing sector was the highest contributor to county GDP in the greatest number of counties. Manufacturing was the primary source for county GDP in 927 out of more than 3100 counties — accounting for nearly $2.3 trillion of total U.S. GDP in 2018. Government and government enterprises (768 counties) accounted for the second most frequent leader in county GDP contributions — totaling $2.4 trillion nationally — followed by real estate and rental and leasing (647 counties) — totaling $2.7 trillion nationally. The next closest industry was agriculture, forestry, fishing and hunting which was the top contributor to GDP in only 209 counties — and only accounting for a national total of $138.4 billion.
The map below shows counties with manufacturing, government, real estate, mining, and agriculture as their predominant industry. The map shows that manufacturing is the leading industry in counties in the Midwest and South while agriculture is centered primarily within the Plains region.
Report examines what works in rural innovation
Turning good intentions into actions is part of the motivation behind a recent report from the Community Strategies Group (CSG) of the Aspen Institute. The report, Rural Development Hubs: Strengthening America’s Rural Innovation Infrastructure, focuses on actions that could build capacity to advance rural community and economic development to improve equity, health and prosperity for future generations.
Useful Stats: Higher education R&D expenditures by state and source of funds
Across the U.S., the federal government provided 53 percent of R&D funding at institutions of higher education in FY 2018. Those institutions provided 26 percent of the funding themselves, and most of the remainder was provided by a mix of nonprofit organizations (7 percent), industry (6 percent), and state and local government (5 percent). The specific contributions varied from state to state, however, with some relying more on specific relationships to support R&D within the state.
China surpasses US as global leader in experimental development, US maintains dominance in total R&D expenditures
The U.S. continues to be the global leader in total R&D expenditures, spending $483 billion (adjusted to 2010 purchasing parity dollars) in 2017 compared to China’s expenditures of $443 billion. However, according to a recent publication from the National Science Foundation, China surpassed the U.S. in expenditures on experimental development in 2014 and has since continued to increase its lead.
Career-relevant coursework valued more by consumers of higher education than resulting wages
Sensing a gap in conversation about the importance of higher education, Strada Education Network and Gallup partnered to conduct a study on how Americans value their educations.
Sensing a gap in conversation about the importance of higher education, Strada Education Network and Gallup partnered to conduct a study on how Americans value their educations. The resulting report focuses on the relationship between two primary questions; whether consumers feel their educations were worth the cost and if they felt their educations made them attractive job candidates.
Regional actions to support entrepreneurs, capital access in 2019
Entrepreneurial support and capital access remain key concerns for regional innovation economies, as evidenced by the abundance of new activity in 2019. From accelerators, many of which are sector-specific, to seed funds, we highlight 26 of the most interesting developments from the past year. This is the latest in our series of articles highlighting innovation system activities in states across the country in 2019.
Passages of two dedicated public servants
SSTI notes the recent passing of two officials who helped shaped the impact science and technology had on the American economy. Dr. Mary Good served as Under Secretary of Technology in the U.S. Department of Commerce during the Clinton Administration led the Administration’s Clean Car Initiative and oversaw NIST at the time the Manufacturing Extension Partnership began its expansion to national presence. Mary was as passionate as she was smart. You can read more about her life here.