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Type

  • weekly_digest (397)
Displaying 326 - 350 of 397
Authored on

VC Funding Declines in Q3 2014, Reports Examine VC Trends in OH, OR, PA

Thursday, October 16, 2014

In Q3 2014, venture capital (VC) investments in the U.S. dropped by 30 percent from Q2 totals, according a new report from CB Insights. Q3 VC deal levels also dropped by 10 percent from Q2 totals. The severe drop, however, can be attributed to Q2 being the most successful VC quarter since Q1 2001. The good news is that the first three quarters of 2014 saw the U.S. VC investment total reach $33.75 billion – an increase of 59 percent compared to the first nine months of last year.

  • Read more about VC Funding Declines in Q3 2014, Reports Examine VC Trends in OH, OR, PA

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

Detroit, Pittsburgh Boast Tech Economy Gains

Thursday, April 3, 2014

Groups in the greater Detroit and Pittsburgh regions recently released reports documenting the progress these metros have made over the past few years in building thriving technology economies. Detroit’s Automation Alley found that tech industry employment in the region grew by 15 percent in 2011, outpacing growth in all of the other 14 regions used as benchmarks in the study.

  • Read more about Detroit, Pittsburgh Boast Tech Economy Gains

Govs Focus on Education in AL, LA, OK, PA, TN Budget Proposals

Thursday, February 18, 2016

SSTI’s analysis of gubernatorial addresses, strategic plans and budget proposals continues this week with highlights from Alabama, Louisiana, Oklahoma, Pennsylvania and Tennessee. Governors are facing difficult fiscal situations in several of these states, often scaling back tech-based economic development efforts. Tennessee Gov. Bill Haslam, however, is using a fiscal surplus to invest in higher education and regionally focused economic initiatives.

Alabama

  • Read more about Govs Focus on Education in AL, LA, OK, PA, TN Budget Proposals

17 Governors Sign Accord to Promote Clean Energy, Economic Prosperity

Thursday, February 25, 2016

A bipartisan group of 17 governors signed the Governors’ Accord for a New Energy Future – a joint commitment to support the deployment of renewable, cleaner and more efficient energy technologies and other solutions to make the U.S. economy more productive and resilient as well as spur job creation in member states.

  • Read more about 17 Governors Sign Accord to Promote Clean Energy, Economic Prosperity

Pennsylvania budget becomes law despite stalemate

Thursday, July 27, 2017

On July 11, without Gov. Tom Wolf’s signature, Pennsylvania’s budget (HB 218) for FY 2018 became law. State lawmakers, however, are still in the midst of a stalemate over how to pay for a nearly $32 billion budget.

On July 11, without Gov. Tom Wolf’s signature, Pennsylvania’s budget (HB 218) for FY 2018 became law. State lawmakers, however, are still in the midst of a stalemate over how to pay for a nearly $32 billion budget. While Wolf and other Democratic leaders prefer increasing revenue through tax reform, Republican leaders are focusing on other alternatives including a bond effort and expansions of gambling to address the over $2 billion shortfall.

  • Read more about Pennsylvania budget becomes law despite stalemate

Economic Development Leader Rich Lunak Joins SSTI Board

Friday, February 7, 2014

Rich Luank, President & CEO of Innovation Works, recently was elected to the State Science and Technology (SSTI) Board of Trustees. Lunak will assist in providing strategic guidance and oversight of SSTI’s operations as the group works to encourage economic growth through science, technology and innovation.

  • Read more about Economic Development Leader Rich Lunak Joins SSTI Board

People on the Move & TBED Organization Updates

Friday, February 14, 2014

Patrick Gallagher has been named the 18th chancellor and chief executive officer of the University of Pittsburgh. Gallagher currently serves as acting deputy secretary of the U.S. Department of Commerce and director of the National Institute of Standards and Technology.

  • Read more about People on the Move & TBED Organization Updates

2014 Bills Tackle Crowdfunding, Tax Credits, Startup Capital and More

Tuesday, February 18, 2014

Several bills aimed at supporting startups, advancing research and improving the workforce have been introduced with the start of the 2014 sessions. Some of the proposed legislation offers a glimpse into the investment priorities of governors and lawmakers in the wake of economic recovery. Providing innovative companies with access to startup funds is a continued theme from previous years. Some states are seeking to expand tax credits for angel investors or offer new tax credits to encourage emerging industries. Other bills focus on generating more skilled workers quickly and positioning universities to enhance regional economic competitiveness.

  • Read more about 2014 Bills Tackle Crowdfunding, Tax Credits, Startup Capital and More

People On The Move

Thursday, February 27, 2014

John Sider has accepted a position with Pennsylvania State Senator Vincent Hughes and the PA Senate Democratic Caucus to work on economic development policy and projects, effective April 1. Currently, Sider is the managing director of statewide initiatives at Ben Franklin Technology Partners.

Vic Nole has joined the Buffalo Niagara Medical Campus, Inc. as director of business development and entrepreneurial activity.

  • Read more about People On The Move

Useful Stats: Higher Education R&D Expenditures by State, FY07-12

Thursday, March 13, 2014

Between FY2007-12, research and development (R&D) spending at U.S. universities grew 27.5 percent, from about $51.6 billion to $65.8 billion, according to the latest edition of the National Science Foundation’s (NSF) Higher Education Research and Development (HERD) survey. The survey provides a look at R&D spending at U.S. universities, with data broken down by state, institution, research area and funding sources.

  • Read more about Useful Stats: Higher Education R&D Expenditures by State, FY07-12

PA, WI, NY, CA Universities Launch Initiatives to Fuel Entrepreneurial Economy

Thursday, March 13, 2014

In an effort to help spur economic prosperity, several universities recently have unveiled new initiatives to connect potential entrepreneurs with university resources and help integrate the entrepreneurs into their region’s innovation ecosystem. The Blackstone Charitable Foundation also announced it will expand LaunchPad, a university-led entrepreneurship program, to a partnership that includes three universities in Southern California.

  • Read more about PA, WI, NY, CA Universities Launch Initiatives to Fuel Entrepreneurial Economy

Ben Franklin Technology Partners Generating Returns to the State and Community

Wednesday, June 5, 2013

Ben Franklin Technology Partners (BFTP), Pennsylvania's tech-based economic development program, released a joint study by the independent Pennsylvania Economy League and KLIOS Consulting, which determined the economic impact of the organization between 2007-2011. These numbers aggregate the impact of the four regional Ben Franklin Technology Partners.

  • Read more about Ben Franklin Technology Partners Generating Returns to the State and Community

States Position Themselves to Compete in Domestic Drone Industry

Wednesday, June 12, 2013

While public debate rages over the role of surveillance in our society, one particularly infamous government surveillance technology, drones, is being prepared for private sector deployment in the U.S. Drone-related technologies are predicted to revolutionize commerce in the U.S., with industry projections valuing their initial deployment as an $82 billion boost to the national economy.

  • Read more about States Position Themselves to Compete in Domestic Drone Industry

Pennsylvania To Invest $100M in Tech Startups

Wednesday, July 10, 2013

According to the Philadelphia Business Journal, Pennsylvania Gov. Tom Corbett has signed off on the creation of a new program, InnovatePA, which will auction off $100 million in tax credits to generate state revenue that will be invested in the funding of tech and biotech startups.

  • Read more about Pennsylvania To Invest $100M in Tech Startups

Lawmakers Move to Support Workforce Training, Strengthen Industry Clusters

Wednesday, July 17, 2013

At the close of many recent legislative sessions, states across the country moved to strengthen their high-tech workforce while supporting industry cluster development.

  • Read more about Lawmakers Move to Support Workforce Training, Strengthen Industry Clusters

Legislative Wrap-Up: Lawmakers Dedicate Funds for TBED in CO, CT, VA

Wednesday, June 20, 2012

Unlike last year when a wave of new governors pushed sweeping proposals to re-organize economic development activities and grow the economy, the 2012 legislative sessions brought mostly modest changes for tech-based initiatives. While many programs were level funded or received smaller increases than in previous years, a handful of states increased funds or introduced new initiatives to support economic development efforts.

  • Read more about Legislative Wrap-Up: Lawmakers Dedicate Funds for TBED in CO, CT, VA

PA Higher Ed Modernization Act to Boost University Role in Regional Development

Wednesday, July 11, 2012

Pennsylvania Gov. Tom Corbett has signed off on a series of bills intended to give state-owned universities more flexibility in working with regional businesses and creating new advanced degree programs. The bills are collectively known as the Higher Education Modernization Act and apply specifically to the Pennsylvania State System of Higher Education (PASSHE), which is the nation's tenth largest state university system, incorporating Pennsylvania's 14 state-owned institutions.

  • Read more about PA Higher Ed Modernization Act to Boost University Role in Regional Development

TBED People & Orgs

Wednesday, July 25, 2012

Caren Franzini, the CEO of the New Jersey Economic Development Authority, stepped down after leading the agency for 21 years. Michele Brown, Gov. Chris Christie's appointments counsel, will take over as CEO.

  • Read more about TBED People & Orgs

Tech Talkin' Govs: Part II

Wednesday, January 18, 2012

The second installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Alaska, Colorado, Missouri, and New Mexico. Our first installment was in the Jan. 11 Digest. Alaska Gov. Sean Parnell, State of the State Address, Jan. 19, 2012 "I also thank you for working with me to create a merit scholarship that gives all Alaska's children an incentive to complete a more rigorous high school curriculum. ... "... In its first year, this scholarship has been a remarkable success. Now we must secure it for future years.

  • Read more about Tech Talkin' Govs: Part II

Tech Talkin' Govs: Part V

Wednesday, February 8, 2012

The fifth installment of SSTI's Tech Talkin' Govs' series includes excerpts from speeches delivered in Ohio, Oklahoma and Pennsylvania. The first four installments are available in the Jan. 11, Jan. 18, Jan. 25, and Feb. 1 editions of the Digest. Ohio Gov. John Kasich, State of the State Address, Feb. 7, 2012 "And today I want to tell you about the best technology resource that you've never heard of. It's buried underground in Ohio. This will set us apart from every other state in America. "It's beyond high speed Internet.

  • Read more about Tech Talkin' Govs: Part V

Mid-Session Update on State TBED Proposals

Wednesday, March 7, 2012

As many states near the mid-point of their 2012 legislative sessions, we thought it would be a good time to take a look at some of the bills advancing in statehouses that could impact states' efforts to improve economic conditions. Several states are seeking to advance access to capital initiatives as they continue to struggle with declining revenue and tight credit restrictions. The following overview provides a sampling of TBED bills supporting access to capital, R&D enhancements and higher education standards.

Providing Access to Capital

  • Read more about Mid-Session Update on State TBED Proposals

Incubator Round Up

Thursday, August 11, 2011

Spending time at a technology or business incubator may be the key to learning about entrepreneurship. Some universities, seeking to ramp up entrepreneurship programs, are turning to incubators as real-world teachers.

  • Read more about Incubator Round Up

Colorado Blueprint Focuses State Economic Development Efforts on Innovation

Wednesday, July 27, 2011

Colorado Gov. John Hickenlooper unveiled the Colorado Blueprint: A Bottom-up Approach to Economic Development, "a document that responds to outlines the steps that will be taken by the Hickenlooper Administration over the next few years to support and promote economic development across Colorado. "The plan consists of six focus areas and 24 action items to spur the state's economic development. The six areas are:

  • Making Colorado more business friendly;
  • Recruiting and retaining businesses;
  • Read more about Colorado Blueprint Focuses State Economic Development Efforts on Innovation

Budget Round Up: States Address Higher Ed Affordability, Research Capacity, Workforce

Thursday, January 23, 2014

Several common themes surrounding higher education have emerged as governors across the country unveil investment priorities for the upcoming fiscal year or biennium. In many states, governors have proposed more funding to increase affordability by freezing tuition or creating new scholarship funds. Support for expanding research capacity, technology-related infrastructure and job training in high-demand industries are some of the proposed measures aimed at competitiveness.

  • Read more about Budget Round Up: States Address Higher Ed Affordability, Research Capacity, Workforce

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