USDA announces new Agriculture Innovation Agenda
U.S. Secretary of Agriculture Sonny Perdue recently announced a new Agriculture Innovation Agenda (AIA) to accelerate innovation so that American agriculture can achieve the goal of increasing production 40 percent while cutting the environmental footprint of U.S. agriculture in half by 2050.
Opportunity for regional policymakers to accelerate clean energy innovation
Clean energy innovation provides an opportunity for state-level policymakers and other stakeholders to expand economic opportunities and increase the impact of federal activity on climate and energy while also creating local economic development opportunities, according to a new report.
Tech Talkin’ Govs 2020: NH offers help for students, CA for homeless
Two more governors have delivered their state of the state addresses over the past two weeks, with help for students taking the stage in New Hampshire while California’s governor enumerated the state’s growth and strengths, but devoted most of his remarks to the ongoing problem of homelessness.
States launching innovation initiatives across the country
Proving that innovation is appealing to states regardless of their size or political leanings, new initiatives in both Democratic and Republican states, as well as large states like California and small states like Vermont, are driving innovation agendas into action in areas ranging from clean energy and aid for students and colleges, to new venture capital investments and bond financing to support business collaborations with higher education to help translate cutting-edge research into products and companies.
Biotech industry diversity examined
The biotechnology industry has made progress in increasing representation, especially in pre-revenue, smaller and private companies, however, diversity and inclusion programming is still in the nascent stages at most companies responding to a survey by the Biotechnology Innovation Organization (BIO).
NIH activates new funding vehicle for COVID-19 R&D, other measures seek more information
For the first time and in response to the COVID-19 outbreak, the National Institute of Allergy and Infectious Diseases (NIAID) together with the National Institute of General Medical Sciences (NIGMS) has activated the NIH Urgent Award mechanism. The targeted opportunity is intended to provide funds for NIH grantees applying to expand the scope of their active grant.
NIST seeking pathways for including non-federal manufacturing centers in national network
The National Institute of Standards and Technology (NIST) is seeking to expand the network of Manufacturing USA centers for innovation, providing pathways for participation from external industry organizations, according to a recent notice in the Federal Register.
EDA, SBA receive support on the Hill
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.
Regional Innovation Strategies making $35 million available
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.
Useful Stats: Per Capita County-level GDP
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.
Workforce development key to state economic development initiatives
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.
Advanced manufacturing projects in 25 states share $140 million from DOE
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.
.ORG management change could double URL fees
Organizations using a web address ending in .ORG should be aware of an upcoming change affecting website registrations. In brief, the nonprofit manager of the .ORG top-level domain is requesting permission from ICANN, which is ultimately responsible for domain registration, to a private equity firm.
SEC proposes changes to exempt offerings including crowdfunding
The U.S. Securities and Exchange Commission (SEC) recently proposed rule changes that aim to make fundraising easier for new companies, including by expanding crowdfunding’s applicability and allowing for “demo day” communications. The changes target three particular methods of exemptions: Regulation A, Rule 504 of Regulation D, and Regulation Crowdfunding.
Aging states face greater economic constraints
As the country’s working age demographic continues to get older, state budgets, especially those in the Northeast, will face greater pressure from increased Medicaid costs, says a new report from S&P Global Ratings. Environmental, Social, And Governance: Increasing Generational Dependency Poses Long-Term Social Risks To U.S.
As the country’s working age demographic continues to get older, state budgets, especially those in the Northeast, will face greater pressure from increased Medicaid costs, says a new report from S&P Global Ratings. Environmental, Social, And Governance: Increasing Generational Dependency Poses Long-Term Social Risks To U.S. States' Fiscal And Economic Stability examines those trends resulting from the shifting demographics. By 2035, the number of people age 65 and older is expected to outnumber those under the age of 18 for the first time in U.S. history. This is expected to create economic, fiscal and social challenges for state governments.
Momentum builds for $50 million Regional Innovation program in FY 2021
Nine national, nonprofit think tanks and innovation-focused associations have written a letter urging the Commerce-Justice-Science (CJS) appropriations subcommittees to provide $50 million in FY 2021 for Regional Innovation Strategies (RIS; now Build-to-Scale). Similarly, 50 current and former awardees have written to ask Congress to continue expanding the program’s support. These efforts follow dozens of meetings between SSTI members and congressional offices early last month.
New reports bolster broadband data, provide tactics for successful state broadband expansion
Two new reports, one from the National Association of Counties (NACO) and the other from the Pew Charitable Trusts, provide new data on the gaps in access to broadband and some tactics for how states can effectively develop their broadband expansion projects.
Two new reports, one from the National Association of Counties (NACO) and the other from the Pew Charitable Trusts, provide new data on the gaps in access to broadband and some tactics for how states can effectively develop their broadband expansion projects.
Is every job a STEM job?
STEM and the American Workforce, a new report backed mostly by science associations, points to STEM jobs as one-third of direct employment, two-thirds of total employment, and 69 percent of America’s GDP. The authors highlight that 60 percent of STEM jobs are filled by people without bachelor’s degrees.
NYT declares tech “humbled” but overreaches on underlying data
A recent New York Times article points to high-profile stumbles by tech startups, particularly underwhelming IPOs by billion-dollar companies and thousands of people laid-off, and declares “start-up bloom deflates, tech is humbled.” As SSTI expressed concern abou
Useful Stats: State government investments in R&D, 2012-2017
Every state government invested at least $1.0 million in research and development in FY 2017, according to recent data from the National Science Foundation’s National Center for Science and Education Statistics. During the three-year period from FY 2015 to FY 2017, California ($551.8 million per year), New York ($403.2 million per year), and Texas ($244.9 million per year) state governments averaged the most R&D expenditures. In FY 2017, these three states accounted for 49.8 percent of the national total, up from 45.6 percent of the total invested by state governments in 2012.
BFTP programs boost PA economy by $4.1 billion over five years
An independent economic analysis of the Ben Franklin Technology Partners reveals its impact on Pennsylvania’s economy — boosting the overall economy by $4.1 billion between 2012 and 2016, helping to create 11,407 high-paying jobs and generating $385 million in tax receipts for the state. Because the jobs were created in industries that pay 52 percent higher than the average nonfarm salary in Pennsylvania, the impact on the state’s GSP was greater, according to the report.
NSF: States’ increase R&D spending; surpasses $2.5 billion in FY 2017
States invested $1.1 billion into health-related R&D expenditures in FY 2017 according to the newest results from the annual survey of state government R&D, conducted by the National Science Foundation. Increasing by 13 percent from the previous year, health-related R&D helped push overall state government spending on R&D up by 7 percent over the 2016 figures. State investments in energy-related R&D, on the other hand, dropped by 16.6 percent ($61 million) to a total of $307 million in FY 2017.
NIST tech transfer recommendations a good starting point, more is needed
NIST released a draft paper in December making recommendations for improvements to federal technology transfer and commercialization policy. The agency’s ideas ranged from clarifying march-in rights to compelling agency participation in technology entrepreneurship development. Although NIST is one of the agencies affected by the shutdown, comments on the draft paper were due Jan. 9.
Tech Talkin’ Govs 2019, part 1: Governors unveil broadband, workforce, and research proposals to build economies
With 36 governors being sworn in following the November elections, 20 of those being new faces and 16 who were re-elected, this year’s inaugural and state of the state addresses promise new ideas along with proposed resolutions to existing challenges. As the governors present their plans to constituents, SSTI revisits our Tech Talkin’ Govs series.
Tech Talkin’ Govs 2019, part 2: Broadband, education, climate change fixes on governors’ radars
Reviewing another slate of governors’ state of the state and inaugural addresses reveals some recurring themes. With a focus on maintaining gains made since the Great Recession and increasing budgets, many governors are holding off on major new initiatives, but are proposing means to increase broadband access, diversify their economies, build renewable energy efforts, and increase their rainy day funds in case of an economic downturn.