Useful Stats: Total research and development performance by state (2002-2016)
Despite its limitations, publicly available data on research and development (R&D) expenditures remains one of the best metrics for measuring state progress in the innovation economy. Defined as the sum of multiple National Science Foundation (NSF) measures – including business and industry R&D, higher education R&D, and R&D at federally funded centers – total R&D has skyrocketed nationwide over the past 15 years, though some states have experienced an outsized portion of this growth.
FLC calling for state & local government partnership success stories
The Federal Laboratory Consortium (FLC) is accepting federal laboratory T2 partnership story submissions for an online publication of state and local government successes this year. Recognizing that federal lab and state and local government partnerships are critical to the nation’s economy, FLC will showcase the regional value that results from such partnerships. The stories will be published in the FLC Success Stories Gallery and promoted across different media channels. The submission deadline is Oct.
The Federal Laboratory Consortium (FLC) is accepting federal laboratory T2 partnership story submissions for an online publication of state and local government successes this year. Recognizing that federal lab and state and local government partnerships are critical to the nation’s economy, FLC will showcase the regional value that results from such partnerships. The stories will be published in the FLC Success Stories Gallery and promoted across different media channels. The submission deadline is Oct. 11, and submissions must be made through the FLC portal.
Useful Stats: NIH awards by metro, 2014-2018
Home to the Research Triangle Park and top-tier research universities like Duke University and the University of North Carolina at Chapel Hill, the Durham-Chapel Hill metropolitan area led all regions in per capita NIH funding in FY 2018 and placed sixth in total funding that year, according to a new analysis by SSTI. This edition of Useful Stats looks at all NIH awards at the regional level over the five-year period between FY 2014 and FY 2018.
Home to the Research Triangle Park and top-tier research universities like Duke University and the University of North Carolina at Chapel Hill, the Durham-Chapel Hill metropolitan area led all regions in per capita NIH funding in FY 2018 and placed sixth in total funding that year, according to a new analysis by SSTI. This edition of Useful Stats looks at all NIH awards at the regional level over the five-year period between FY 2014 and FY 2018. Boston led all regions in total NIH funding in FY 2018, while NIH funding in the Washington, D.C., region increased by the greatest percentage over the five-year period among major metropolitan areas.
DOL announces apprenticeship awards, new funding, seeks public comment
The Department of Labor recently announced awards totaling $183.8 million in Scaling Apprenticeships Through Sector-Based Strategies grants. Funded through H-1B visa fees, the grants will support the training of more than 85,000 apprentices. The grantees include 23 academic institutions and grant-matching industry consortia representing 18 states, and includes three SSTI members — the University of Cincinnati, Lorain County Community College and the State University of New York Research Foundation.
Report highlights changing geographical trends in U.S. manufacturing
A recent report from Georgetown University’s Center on Education and the Workforce (CEW) details the changes in manufacturing’s geographic concentration across the country between 1940 and 2016. Manufacturing was the largest source of employment in 15 states in 1940, concentrated in the Northeast and Midwest, and had grown to the largest source of employment in 18 states by 2000, concentrated in the Southeast and central states.
A recent report from Georgetown University’s Center on Education and the Workforce (CEW) details the changes in manufacturing’s geographic concentration across the country between 1940 and 2016. Manufacturing was the largest source of employment in 15 states in 1940, concentrated in the Northeast and Midwest, and had grown to the largest source of employment in 18 states by 2000, concentrated in the Southeast and central states. However, manufacturing was the largest source of employment in only Indiana and Wisconsin by 2016.
Venture-backed exits set record for first half of year
Several mega-deal IPOs, including Uber, Zoom and Pinterest, and strong merger and acquisition activity, combined to create a record-setting $188.5 billion in venture-backed exit value for the first half of 2019, according to VentureMonitor, the quarterly report on venture capital investment compiled by the National Venture Capital Association and PitchBook. According to the report, the six-month total for 2019 has already topped the full-year total for all prior years.
NJ governor signs bills to expand angel investment tax credits, fund TBED
New Jersey Gov. Phil Murphy signed multiple bills late last month that may help position the state as a leader in technology-based economic development. One bill increases the tax credit for angel investors in qualified technology companies, with even larger credits available for investments in women- and minority-owned businesses and those located in low-income areas. Meanwhile, the state’s approved FY 2020 budget includes $1.0 million for the New Jersey Commission on Science, Innovation, and Technology.
New Jersey Gov. Phil Murphy signed multiple bills late last month that may help position the state as a leader in technology-based economic development. One bill increases the tax credit for angel investors in qualified technology companies, with even larger credits available for investments in women- and minority-owned businesses and those located in low-income areas. Meanwhile, the state’s approved FY 2020 budget includes $1.0 million for the New Jersey Commission on Science, Innovation, and Technology. After nearly a decade of receiving no funding from the state, this marks the second consecutive year that the commission will receive $1.0 million to support technology-based economic development.
NIST releases draft plan for federal engagement in AI, seeks comments
In response to a February Executive Order directing federal agencies to take steps to ensure the U.S. is a world-leader in artificial intelligence, the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has released a new draft plan on the need for AI standards. The draft document, U.S. Leadership in AI: Plan for Federal Engagement in Developing Technical Standards and Related Tools, recommends four broad actions: bolster AI standards-related knowledge, leadership and coordination among federal agencies; promote focused research on the “trustworthiness” of AI; support and expand public-private partnerships; and engage with international parties.
DOE announces $24 million in funding for 75+ technology commercialization projects
The U.S. Department of Energy (DOE) has announced more than $24 million in funding for 77 projects through its Technology Commercialization Fund (TCF), which will be matched by funds from the private sector. Established by the Energy Policy Act of 2005 as a way to encourage energy innovation, each of the recently awarded TCF projects supports private sector efforts to commercialize technologies developed at DOE laboratories.
New manufacturing initiative needed to reclaim American leadership
Sending a cautionary note and calling for a new initiative, a new report from MForesight takes a look at the challenges facing America’s leadership in advanced manufacturing. The short-term strategy of “invent here, make there,” has led to the erosion of domestic capabilities and has now become “invent there, manufacture there,” say the authors. They believe that reclaiming the country’s leadership in advanced manufacturing will be a complex and long-term undertaking — one that calls for a long-term government National Manufacturing Initiative.
Opportunity Zones: A potential boost or bust for inner-city economic development?
Ensuring the success of the 8,700 Opportunity Zones created in low-income, communities across the country will take “intentional, collective action from everyone involved,” according to the President’s Council on Impact Investing, a philanthropic leadership group that is part of the U.S. Impact Investing Alliance.
Ensuring the success of the 8,700 Opportunity Zones created in low-income, communities across the country will take “intentional, collective action from everyone involved,” according to the President’s Council on Impact Investing, a philanthropic leadership group that is part of the U.S. Impact Investing Alliance. Without a coordinated effort that includes policymakers, investors, fund managers and philanthropists, Council members are concerned the residents of the Opportunity Zones won’t have a voice, could be displaced if their neighborhoods become gentrified and “are at risk of losing out and falling further behind, while Zones in already-gentrifying parts of urban areas like New York City or Washington, D.C., continue to draw the lion's share of development capital,” according to a press release the group issued.
Useful Stats: NIH Awards by State, 2009-2018
As the largest public funder of biomedical research in the world, NIH awards are of particular importance to the technology-based economic development community. Including new data for FY 2017 and FY 2018, this edition of Useful Stats serves as an update to an August 2017 article highlighting NIH awards by state over the past decade. In FY 2018, NIH awarded a total of $28.3 billion in funds to the 50 states and territories.
As the largest public funder of biomedical research in the world, NIH awards are of particular importance to the technology-based economic development community. Including new data for FY 2017 and FY 2018, this edition of Useful Stats serves as an update to an August 2017 article highlighting NIH awards by state over the past decade. In FY 2018, NIH awarded a total of $28.3 billion in funds to the 50 states and territories. Of the total amount awarded in 2018, slightly less than two thirds (65.3 percent) went to the top 10 states. This share is slightly lower than in 2017 (65.6 percent), the same as in 2014 (65.3 percent) and slightly higher than in 2009 (66.1 percent).
Universities search for new funding to make up for decreasing state aid; long-term impacts unknown
The state of Alaska is in the midst of a funding crisis that could devastate the viability of the University of Alaska, and recent research from a National Bureau of Economic Research (NBER) working paper shows that the loss of funding could have long-term impacts for the system.
The state of Alaska is in the midst of a funding crisis that could devastate the viability of the University of Alaska, and recent research from a National Bureau of Economic Research (NBER) working paper shows that the loss of funding could have long-term impacts for the system. While highly ranked research universities have been able to adapt to declining subsidies by raising tuition, attracting out-of-state and international students, and sometimes raising funding from philanthropic sources, public universities outside of this top tier have not been able to replace lost dollars, say the paper’s authors.
Recent Research: Incentives and State Fiscal Health
A recent paper published by SSRN provides a detailed look at the relationship between financial incentives and state fiscal health. The authors control for many potentially-related factors and still find significant, negative impacts of incentives. While the study helps fuel calls for critical analysis and careful implementation of tax incentives, the results may not be as clear cut as some coverage may suggest.
New grant program to help tech transfer launched
The New Mexico Economic Development Department is launching a new grant program to facilitate the transfer and commercialization of technologies developed in New Mexico national labs and universities to business startups. The New Mexico Technology Transfer Assistance Grants (NM-TAG) are designed to help offset the risk associated with licensing new technologies and assist the transfer and deployment of new innovative technologies.
Young innovators turn to nature for inspiration, invention
For passive control of tidal electricity systems, permeable courtyard tiles, and fog water collection units, three winning teams of middle school and high school innovators looked to cucumber seeds, plants from the yam family and Namib beetles, respectively. The three projects were among the six selected for recognition out of 78 participating in the 2019 Biomimicry Youth Design Challenge. Biomimicry approaches sustainable innovation by looking first to nature to find proven competencies — patterns and strategies in the systems vernacular — for dealing with similar c
New program supports additive manufacturing in US Army
A new program designed to support additive manufacturing (AM) technology insertion into the existing U.S. Army supply chain could also grow the southwestern Pennsylvania manufacturing sector. Catalyst Connection, in partnership with the National Center for Defense Manufacturing and Machining (NCDMM) and America Makes, launched AMNOW, a potentially multi-phase, multi-year contract funded by the U.S. Army Combat Capabilities Development Command (CCDC) under the U.S. Army Futures Command.
New seed fund launched to expand early-stage funding opportunities outside Boston metro area
The Massachusetts Life Sciences Center (MLSC) plans to launch a seed fund to support the development of life sciences startups outside of the Greater Boston area. These areas, many already rich in major research university and medical center anchor institutions, should be bolstered by this early-stage funding currently concentrated in Boston.
Adults without degrees can benefit from certificates
While higher education remains a viable path to economic advancement, adults without a postsecondary degree are increasingly benefitting from non-degree certificates and certifications, according to a recent report. As automation and technological advances demand more skills from workers in the changing economy, Strada Education Network and Lumina Foundation partnered to determine the value and impact of the growing number of non-degree credentials.
Wyoming legislature passes bills promoting innovation, economic diversification
Wyoming Gov. Matt Mead has approved legislation that will help promote economic diversification through innovation in a state that has relied heavily on a relatively small number of resource-based industries. Mead recently signed multiple pieces of legislation that comprise ENDOW (Economically Needed Diversity Options for Wyoming), a 20-year initiative focused on diversifying and growing the state’s economy. Notable bills include Senate File 118, which will establish a dedicated organization to support Wyoming’s entrepreneurs and provide funds to innovative startups, and Senate File 119, which will establish a dedicated fund for workforce training in economic sectors considered a priority for the state.
Useful Stats: Business R&D Intensity by State (2010-2015)
Across the country, companies reported nearly $300 billion in self-funded and self-performed domestic R&D in 2015, according to recent data from the National Science Foundation’s Business R&D and Innovation Survey (BRDIS), with nearly one-third of this total ($95.0 billion) coming from California. Businesses in Wyoming, Washington D.C., and Utah reported the greatest increase in self-funded and self-performed R&D from 2010 to 2015.
DOE considering competition to address water issues
U.S. Secretary of Energy Rick Perry is calling on Americans’ competitive spirit to help solve critical water issues. Perry led a roundtable discussion last week on the use of federal prizes and challenges to drive innovation in dealing with water issues such as alternative water supplies, reducing water treatment costs, greater efficiency in usage, and advancing market-based solutions that incentivize innovation and cooperation.
Final FY 2018 budget increases Regional Innovation, MEP, NSF
With final passage and signage pending at the time of publication, the federal budget for FY 2018 provides relatively strong support for innovation economies. The Regional Innovation Strategies program is funded at $21 million, MEP at $140 million and the National Science Foundation at $7.8 billion, increases for all organizations. Other notable innovation programs receiving at least level funding are SBA’s cluster and accelerator programs, DOE’s ARPA-E, NASA science and the National Institutes of Health.
Recent Research: Exploring where the workers have gone
An earlier SSTI analysis detailed the Bureau of Labor Statistics labor force participation projections, revealing a continuing downward trend in the number of workers despite a growing population.
An earlier SSTI analysis detailed the Bureau of Labor Statistics labor force participation projections, revealing a continuing downward trend in the number of workers despite a growing population. Additional research papers released in February from economists at the University of Maryland as well as the Kansas City Federal Reserve Bank explores the reasons behind the trend, finding that trade and robots have had a significant impact, and suggests that some prime-age workers may not be coming back.
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.