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NC Budget Boosts Funding for Life Sciences, Small Businesses in FY11

Wednesday, August 4, 2010

Several components of Gov. Bev Perdue's JobsNOW small business package related to tech-based economic development efforts in North Carolina were approved in the FY11 budget signed into law on June 30. A program to provide matching funds for Small Business Innovation Research (SBIR) will see its budget more than double in the second year of the biennium and life science programs will receive more than $22 million in recurring appropriations. The enacted budget also extends to Jan.

  • Read more about NC Budget Boosts Funding for Life Sciences, Small Businesses in FY11

Floridians Still Waiting for Bio Investments to Pay Off

Wednesday, February 24, 2010

Florida's efforts to boost it's biotechnology sector may not be paying off as quickly as originally hoped. A recent report finds that the $449 million invested through the Innovation Incentive Program has yet to result in industry growth in counties where the program's grantees have their facilities. The report, published by the Florida Office of Program Policy Analysis and Government Accountability (OPPAGA), suggests that the state's lack of early-stage capital for biotech startups may be contributing to the sluggish pace of development.

  • Read more about Floridians Still Waiting for Bio Investments to Pay Off

When Should a State Take Equity in Life Science Firms? Issue Debated in Massachusetts

Wednesday, April 30, 2008

As Massachusetts legislators are in the process of crafting a compromise bill for the statewide Life Sciences Initiative, one new issue to emerge would have the state taking an equity position in the life sciences companies in which the state provides financial support.

  • Read more about When Should a State Take Equity in Life Science Firms? Issue Debated in Massachusetts

Missouri General Assembly Approves Funds for Life Science Research, STEM

Wednesday, May 14, 2008

The General Assembly approved the fiscal year 2009 budget last week, providing $21 million for the Life Sciences Research Trust Fund. Established in 2003, the fund was created to support life science research, commercialization, and technology transfer using a portion of the state’s tobacco settlement funds. The FY09 appropriation will be administered by the Life Sciences Research Board, which is responsible for awarding grants and contracts for research.
 

  • Read more about Missouri General Assembly Approves Funds for Life Science Research, STEM

$1B Investment in Massachusetts Life Sciences Now a Reality

Wednesday, June 18, 2008

A little more than a year after unveiling a comprehensive proposal to provide crucial funding for R&D, commercialization and infrastructure to position Massachusetts as a global leader in life sciences, Gov. Deval Patrick signed an historic 10-year, $1 billion life sciences investment package, transforming the ambitious idea into reality.
 

  • Read more about $1B Investment in Massachusetts Life Sciences Now a Reality

Nine Life Science Centers to receive $280 Million in NIH Funding

Wednesday, September 10, 2008

The National Institutes of Health (NIH) have announced a four-year plan to invest approximately $70 million a year in a nationwide network of life science research centers. The Molecular Libraries Probe Production Centers Network will employ high-tech screening methods to identify molecules that can be used as probes to explore the functions of cells. This research is intended to help increase the pace of discovery in the field of chemical probes, which have become a key resource in fighting disease.

  • Read more about Nine Life Science Centers to receive $280 Million in NIH Funding

10,000 New Life Sciences Jobs Expected in Massachusetts by 2014

Wednesday, October 1, 2008

The demand for highly qualified talent in Massachusetts' bioscience industry will add more than 10,000 life sciences workers to the state's workforce by 2014, according to a recent report prepared by the University of Massachusetts Donahue Institute.

  • Read more about 10,000 New Life Sciences Jobs Expected in Massachusetts by 2014

New Initiatives in Wisconsin and Ohio Feature Specialized Life Science Pushes

Wednesday, October 22, 2008

For several years governors across the country have announced life science and biotech initiatives that are as broad as they are large. The devil is in the details, and in most cases related to bio-based economic development, so are the opportunities.

  • Read more about New Initiatives in Wisconsin and Ohio Feature Specialized Life Science Pushes

Useful Stats: Funding Provided by NIH Grants per State, 2002-2006

Wednesday, October 29, 2008

In the 2002 report Signs of Life: The Growth of Biotechnology Centers in the U.S., Joseph Cortright and Heike Mayer suggested it would take more than a decade for biotech investment strategies to yield fruit  - as measured by NIH funding and biocommercialization efforts.

  • Read more about Useful Stats: Funding Provided by NIH Grants per State, 2002-2006

Annual Economic Impact of Biotechnology Exceeds $45 Billion in North Carolina

Wednesday, December 3, 2008

North Carolina's $1.2 billion dollar investment in bioscience over the past decade has helped to build a $45 billion dollar a year industry in the state, according to a new study released by the North Carolina Biotechnology Center. The report finds that North Carolina's bioscience employment numbers have grown 18.5 percent since 2001, the fastest in the nation.

  • Read more about Annual Economic Impact of Biotechnology Exceeds $45 Billion in North Carolina

DOD SBIR-Funded Program Meets Most Goals, But Participation by Women/Minorities is Low

Wednesday, October 8, 2014

The Department of Defense’s (DOD) SBIR program is meeting three of its four legislative/mission-related goals, according to new study from the National Research Council (NRC) of the National Academies – SBIR at the Department of Defense. Those four congressional objectives of the DOD SBIR program are to:

  • Read more about DOD SBIR-Funded Program Meets Most Goals, But Participation by Women/Minorities is Low

Researchers Find 'Second Tier' Regions Experiencing Fast Rates of Change in Concentration of High-Skilled Workers

Wednesday, October 8, 2014

If a concentration of highly skilled workers is an important leading indicator to more widespread economic growth, which regions are leading the way? Using data from the Current Population Survey (CPS) to compare the educational attainment rates of the nation’s largest labor forces from 2005 to 2013, authors from the Cleveland State University Maxine Goodman Levin College of Urban Affairs determine where America’s highest-skilled jobs are clustering.

  • Read more about Researchers Find 'Second Tier' Regions Experiencing Fast Rates of Change in Concentration of High-Skilled Workers

Public-Private Partnership Takes Over Economic Development Duties in NC

Thursday, October 9, 2014

North Carolina’s new Economic Development Partnership began operations this week. The public-private partnership will assume many of the economic development operations of the state’s Department of Commerce (as described in an earlier Digest article), with most of its 34 staff members previously working for the department, according to the News & Observer.

  • Read more about Public-Private Partnership Takes Over Economic Development Duties in NC

Commerce Department Announces Members of Innovation and Entrepreneurship Council

Thursday, October 9, 2014

The U.S. Department of Commerce has released the names of the 27 individuals who will serve as the initial members of the National Advisory Council on Innovation and Entrepreneurship (NACIE). NACIE, which will begin work in December, will advise the secretary of Commerce on transformational policies to help communities, businesses and the American workforce become more globally competitive. Subcommittees will explore the council’s three main focus areas: entrepreneurship, innovation and job-driven skills training.

  • Read more about Commerce Department Announces Members of Innovation and Entrepreneurship Council

Chicago Launches Effort to Train, Employ 1,000 Manufacturing Workers

Wednesday, October 15, 2014

Mayor Rahm Emanuel and a coalition of Chicago organizations and private businesses have announced plans to place at least 1,000 workers in manufacturing jobs. The mayor’s 2015 budget proposal, presented this week, includes $200,000 for the effort, with another $750,000 in funds and in-kind contributions from partners. Recent growth in the region’s manufacturing sector has created an urgent need for workers with specific training and apprenticeships, according to the mayor’s announcement.

  • Read more about Chicago Launches Effort to Train, Employ 1,000 Manufacturing Workers

Australia Releases Innovation and Competiveness Agenda, Establishes Five ‘Industry Growth Centers’

Thursday, October 16, 2014

Australian Minster Tony Abbott announced a $400 million AUD (approximately $352M USD) national Industry Innovation and Competitiveness Agenda focused on building the country’s innovation economy, supporting apprenticeship and workforce programs that address the needs of industry, and promoting science, technology, engineering and mathematics (STEM) education.  The centerpiece of the agenda is a $188 million AUD (approximately $165.5M USD) initiative to create industry growth cente

  • Read more about Australia Releases Innovation and Competiveness Agenda, Establishes Five ‘Industry Growth Centers’

President Obama, Tech Industry Continue Press for Visa Reform

Thursday, October 16, 2014

Earlier this summer, President Obama announced that his administration would be taking executive action to reform immigration policy, working to improve the entirety of the immigration system by tweaking individual components. This week, at a startup incubator in Los Angeles, the President revealed at least one of those components: the H1B system.

  • Read more about President Obama, Tech Industry Continue Press for Visa Reform

$25M Alumni Gift Establishes Entrepreneurship Center in Detroit

Thursday, October 16, 2014

James A. Anderson, the founder and CEO of Detroit-based retail consulting firm Urban Science, and his wife donated $25 million last week to support the entrepreneurial efforts of Wayne State University’s engineering and computer science faculty and students.

  • Read more about $25M Alumni Gift Establishes Entrepreneurship Center in Detroit

Recent Research: Is Bigger Better in Economic Development?

Thursday, October 16, 2014

Over the past decade, two ideas have become more and more popular among innovation and economic development leaders. First, that maximizing collaboration between institutions, interest groups, stakeholders and communities is pivotal in building an innovation ecosystem that can succeed and grow over time. Second, that proximity matters, and by focusing on innovation networks at the regional or metro scale, rather than at the national or state level, initiatives can have a real, measurable economic impact. Though they seem complementary, these ideas are frequently in tension.

  • Read more about Recent Research: Is Bigger Better in Economic Development?

$20M Innovation Fund, Gov’s $1M Investment Highlight Chicago Innovation Exchange Grand Opening

Wednesday, October 22, 2014

With Gov. Pat Quinn, Mayor Rahm Emanuel, Sen.

  • Read more about $20M Innovation Fund, Gov’s $1M Investment Highlight Chicago Innovation Exchange Grand Opening

New Initiative Boosts High-Speed Internet Pursuits of Innovation-Minded Cities

Wednesday, October 22, 2014

As part of Next Century Cities, a new bipartisan, city-to-city initiative, 32 cities and their elected leaders from across the United States are uniting to recognize the importance of leveraging gigabit-level Internet for economic development. The initiative enables participating cities to work together to learn about best practices in engaging and assisting communities in developing and deploying next-generation broadband Internet so that every community has the resources needed to succeed.

  • Read more about New Initiative Boosts High-Speed Internet Pursuits of Innovation-Minded Cities

Universities, Public-Private Partners Launch Commercialization Funds in IN, LA, PA, WA

Thursday, October 23, 2014

Purdue University, the University City Science Center, and Washington State University announced the creation of new investment funds to support the growth of university-affiliated startups in their respective communities. These three recently announced commercialization funds all share a common trend – they will be managed or assisted in the management process via public-private partnerships.

  • Read more about Universities, Public-Private Partners Launch Commercialization Funds in IN, LA, PA, WA

San Francisco, Austin Seek to Include More Residents in Tech Prosperity

Thursday, October 23, 2014

On the heels of a recent memo from the President’s Council of Advisors on Science and Technology (PCAST) highlighting the difficulty middle-skill workers are having finding a route into the modern economy, reports from two tech hotspots suggest that local action is needed to ensure that tech success translates into widespread economic prosperity.

  • Read more about San Francisco, Austin Seek to Include More Residents in Tech Prosperity

NREL, Wells Fargo Launch $10M Cleantech Innovation Incubator, $2.3M Tech Accelerator

Thursday, October 30, 2014

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.

  • Read more about NREL, Wells Fargo Launch $10M Cleantech Innovation Incubator, $2.3M Tech Accelerator

Applications for EDA Regional Innovation Solicitation Due Next Week

Thursday, October 30, 2014

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.

  • Read more about Applications for EDA Regional Innovation Solicitation Due Next Week

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Recent news from the SSTI Digest

The state of US venture capital investment in four charts. How might your innovation startups fare if investment trends hold?

Thursday, January 15, 2026

With 2025 behind us, and some time for the data to stabilize, we can look back at VC activity and try to understand what it means for TBED efforts going forward. The VC storyline of 2025 should be familiar to anyone who has been following investment news. Record funding rounds, huge amounts of capital deployed, questions of an AI bubble. Where amongst the big flashy lights of AI mega-deals do we find the subtlety and nuance that informs TBED investor activity and policy?

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FSGG appropriations language favors innovation programs

Thursday, January 15, 2026

The Financial Services and General Government appropriations bill for FY 2026 passed the House of Representatives yesterday and now moves to the Senate where passage is also expected. The bill sets spending levels for several agencies supporting regional innovation, economic development, and investment. Foremost are the Treasury and Small Business Administration; selected highlights are provided below.

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New benchmarking tool illuminates how AI is accelerating job market changes

Thursday, January 15, 2026

All too often, jobseekers and employers seem to exist in non-compatible realities. While jobseekers flood the job market with descriptions of their generalized skills in communication, leadership, and problem-solving to fill various roles in different sectors, employers are looking for the more specific skills that will get the job done, say the authors of a report from the Wharton School and Accenture. And they propose that AI is accelerating this shift from a role-based economy to a skills-based economy.

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