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Type

  • weekly_digest (375)
Displaying 276 - 300 of 375
Authored on

Michigan’s University Research Corridor Generates $17.5B in Economic Impact

Thursday, January 28, 2016

Although universities are often pitted against each other in athletic events or competitions for state funding, one area in which they have increasingly been able to collaborate is in research and development. Modeled after the hugely successful Research Triangle in North Carolina, the University Research Corridor (URC), an alliance of Michigan’s three largest higher education institutions – Michigan State University, the University of Michigan, and Wayne State University – was established by the state in 2007 with the goal of accelerating statewide economic development.

  • Read more about Michigan’s University Research Corridor Generates $17.5B in Economic Impact

Huntington Bank Commits $25M for Comprehensive Economic Development Programming in Flint

Thursday, April 7, 2016

As the water crisis in Flint, MI, continues to capture headlines, details on potential relief efforts are beginning to emerge. In January, President Obama granted $5 million in emergency funding to address the crisis, while the state has approved $67 million in funding since October.

  • Read more about Huntington Bank Commits $25M for Comprehensive Economic Development Programming in Flint

IL, MI Report Significant Uptick in University Economic Impact

Thursday, March 24, 2016

Illinois and Michigan are among the few states that support regular comprehensive examinations of the role higher education plays in the overall innovation economy. Organizations in both states recently completed studies on university-generated entrepreneurship, licensing, investment and employment, finding a steady rise in university economic impact over the past five years.  In both cases, the increase in university impact was linked to an expanding university role in supporting entrepreneurs and researchers.

  • Read more about IL, MI Report Significant Uptick in University Economic Impact

Ballot Preview: Voters to Decide on Taxes, GMOs, Higher Ed

Thursday, October 30, 2014

On November 4, 42 states will vote on 146 ballot issues across a wide array of issues. In addition to initiatives on gun control, bear baiting, and the minimum wage, several initiatives relevant to the TBED community are also up for decision. SSTI has gathered information on many of these and will discuss their results after next week’s elections.

  • Read more about Ballot Preview: Voters to Decide on Taxes, GMOs, Higher Ed

MI Gov Snyder Signs Law to Create Secondary Markets for Crowdfunded Securities

Thursday, October 30, 2014

Michigan Gov. Rick Snyder recently signed a new law (HB 5273) that will allow for the creation of secondary markets through which intrastate crowdfunded securities can be listed, sold and resold. Under the new securities exemption, broker-dealers interested in establishing an exchange (online or in person) must apply and be registered with the state as well as follow rules of operation laid out in the legislation.

  • Read more about MI Gov Snyder Signs Law to Create Secondary Markets for Crowdfunded Securities

TBED Ballot Issues, Bond Proposals Fare Well in Midterm Elections

Thursday, November 6, 2014

In case you missed it, the midterm elections were on Tuesday, resulting in Republicans taking control of Congress, several new governors, and five states endorsing minimum wage increases.

  • Read more about TBED Ballot Issues, Bond Proposals Fare Well in Midterm Elections

Annual Reports Highlight Tech Commercialization Successes

Thursday, November 13, 2014

Three research-focused economic development organizations have released reports over the course of the last month detailing their progress in supporting economic growth, innovation, and beyond. The University of Massachusetts, the Georgia Research Alliance, and the Virginia Center for Innovative Technologies each use a different approach to measure their success and to communicate their impact to external stakeholders. The variety of releases demonstrates the range of approaches that organizations use to provide useful data in a format that attracts attention to their achievements.

  • Read more about Annual Reports Highlight Tech Commercialization Successes

Georgia Venture Fund Raises $25M to Invest in GRA-Supported Companies

Thursday, October 22, 2015

The GRA Venture Fund LLC, the private investment fund for companies originating from the Georgia Research Alliance's commercialization programs, has added another $25 million in venture capital. This latest round of funding brings the fund's total investment capital to $45 million. The fund currently has 10 portfolio companies. Combined, these 10 companies have collectively raised more than $241 million and have created over 400 jobs in the state of Georgia.

  • Read more about Georgia Venture Fund Raises $25M to Invest in GRA-Supported Companies

Budget Update: Entrepreneurship Programs Survive Contentious Budget Negotiations in MN, MI, KS

Thursday, June 18, 2015

Over the past few months, SSTI has followed proposals issued by governors in their budget requests, State of the State Addresses, Inaugural Speeches and other events. Now that many governors have signed spending bills, the SSTI Digest will check on the status of these proposals, and examine the state of technology-based economic development funding in the states. This week, we review actions in Kansas, Michigan and Minnesota.

  • Read more about Budget Update: Entrepreneurship Programs Survive Contentious Budget Negotiations in MN, MI, KS

States Find New Ways to Expand Access to Higher Education

Thursday, May 14, 2015

Forty-one states are spending less per student than before the 2008 recession, according to a recent study from the Center on Budget and Policy Priorities. As a result, more of the burden of higher education costs is being passed on to students, putting college out of reach for many. With state budgets still tight, many states are experimenting with new ways to make a college education accessible to all students.

  • Read more about States Find New Ways to Expand Access to Higher Education

MI, IA, VA, Others Target Future Demand for Autonomous, Connected Vehicles

Thursday, June 4, 2015

Uber and the City of London are among the growing number of backers of a nearly driver-free world. Proponents of autonomous vehicles contend that they will lead to large cost savings for both consumers and transportation organizations while delivering a faster, more efficient transportation experience. However, there are still major strides to be made before the technology can be safely deployed in real world settings. Several U.S.

  • Read more about MI, IA, VA, Others Target Future Demand for Autonomous, Connected Vehicles

Biden Announces New Institute for Advanced Composites Manufacturing Innovation in Detroit

Thursday, September 24, 2015

While speaking in Detroit last week, Vice President Joe Biden announced the creation of an Institute for Advanced Composites Manufacturing Innovation (IAMCI)  location in Detroit, aimed at creating better composite materials for wind turbines, compressed gas storage, and in particular, the automotive industry. Funded by the U.S.

  • Read more about Biden Announces New Institute for Advanced Composites Manufacturing Innovation in Detroit

Georgia Lawmakers Pass Measure to Enhance Tax Credits, Boost Research Funding

Wednesday, April 11, 2012

Lawmakers last month approved a $19.3 billion state budget for FY13, which includes funding for many of the recommendations from a task force convened by Gov. Nathan Deal to enhance the state's innovation economy. Specifically, the budget boosts funding for the Georgia Research Alliance (GRA) to recruit researchers and allocates $5 million for cancer-related research. The legislature also passed a measure expanding the Georgia Jobs tax credits and R&D tax credit.

  • Read more about Georgia Lawmakers Pass Measure to Enhance Tax Credits, Boost Research Funding

Michigan Program Puts Professors in Charge to Encourage Bold Research

Wednesday, May 9, 2012

A new $15 million pilot program at the University of Michigan (UM) hopes to make a big impact in the research world by letting professors follow their instincts and allow breakthroughs to happen more naturally. Under the MCubed initiative, three researchers from different disciplines agree to work together or "cube" on a high-risk, high-reward idea. They also receive funding to hire students or a postdoctoral researcher. The university expects to fund research in the exploratory phase that could eventually lead to larger traditional grants.

  • Read more about Michigan Program Puts Professors in Charge to Encourage Bold Research

Michigan State Launches Spartan Innovation to Support University Startups

Wednesday, May 30, 2012

Michigan State University (MSU) launched Spartan Innovations, a newly formed subsidiary of the MSU Foundation, to help its faculty and students form spin-off companies based on technology developed at the university. To achieve this goal, it will provide five key resources to increase the MSU startups including:

  • Read more about Michigan State Launches Spartan Innovation to Support University Startups

More than $20M Dedicated to Michigan's New Economic Gardening Programs

Wednesday, June 6, 2012

The Michigan Economic Development Corporation (MEDC) announced last week five new programs under the Pure Michigan Business Connect initiative established last year to provide small businesses in emerging industry sectors with economic development incentives, startup capital and support services (see the June 8, 2011 issue of the Digest).

The new programs focus mostly on providing access to capital and making connections. They include:

  • Read more about More than $20M Dedicated to Michigan's New Economic Gardening Programs

TBED People

Wednesday, April 20, 2011

Tom Thornton, president and CEO of the Kansas Bioscience Authority, submitted his letter of resignation to the board effective immediately. David Vranicar, president of the authority's Heartland BioVentures division, was named interim president and CEO.

  • Read more about TBED People

Legislation Expands Michigan's Jobs Program to Include More Advanced Technology Industries

Wednesday, April 27, 2011

Gov. Rick Snyder signed into law a measure expanding the scope of the state's 21st Century Jobs Fund allowing more industries involved in research and advanced technology to compete for funds through the program. Although many tech-focused industries such as life sciences and alternative energy companies can already apply for funding under the program, the new legislation expands eligibility to include an even wider range of companies — information technology and agricultural processing.

  • Read more about Legislation Expands Michigan's Jobs Program to Include More Advanced Technology Industries

Legislature Adds $50M for Michigan's Business Attraction Efforts

Wednesday, June 1, 2011

The Michigan Economic Development Corporation (MEDC) will be armed with $100 million for efforts to attract new businesses and help existing businesses grow in the coming year — an additional $50 million above Gov. Rick Snyder's request. Another $25 million was approved for a new innovation and entrepreneurship program.

  • Read more about Legislature Adds $50M for Michigan's Business Attraction Efforts

GRA's Integration with Centers of Innovation Focuses on Recruitment

Wednesday, May 25, 2011

To more closely align Georgia's efforts to market and promote strategic industries to existing and potential companies, Georgia's Centers of Innovation (COI) program will be integrated with the programs of the Georgia Research Alliance (GRA). The move follows the legislature's decision to transfer funding for GRA's strategic economic development initiatives from the Board of Regents' Research Consortium program to the Department of Economic Development Innovation and Technology Division.

  • Read more about GRA's Integration with Centers of Innovation Focuses on Recruitment

State and Local Economic Development Centering on Regional Approaches

Wednesday, June 8, 2011

Much of the recent economic recovery plans coming from governors across the country have focused on growing and nurturing existing businesses through a regional approach to economic development. The idea is that by identifying and defining the unique needs of a region, policymakers and practitioners can then provide the necessary tools and resources to grow industries likely to succeed within a given region, thus improving the overall economic landscape of the state. This approach is happening both in states and at the local level.

  • Read more about State and Local Economic Development Centering on Regional Approaches

$3B Toolkit for Economic Gardening Announced in Michigan

Wednesday, June 8, 2011

Michigan state agencies in collaboration with the Michigan Economic Development Corporation and several private industries and organizations will offer economic development incentives, startup capital, and support services valued around $3 billion to help grow Michigan-based small businesses in emerging industry sectors. The Pure Michigan Business Connect initiative matches people with resources and strengthens relationships to fuel economic growth, according to a press release.

  • Read more about $3B Toolkit for Economic Gardening Announced in Michigan

TBED People and Job Opportunities

Wednesday, June 22, 2011

James Weyhenmeyer has been named the vice president for Research and Economic Development at Georgia State University.

  • Read more about TBED People and Job Opportunities

TBED People and Job Opportunities

Wednesday, June 15, 2011

Maine Gov. Paul LePage has nominated George Gervais, the acting commissioner of the Maine Department of Economic and Community Development as commissioner. His nomination must be reviewed by the Joint Standing Committee on Labor, Commerce, Research and Economic Development and confirmed by the Senate.

  • Read more about TBED People and Job Opportunities

Study Examines the Impact of Policy Dynamics on University Innovation in Three Southern States

Thursday, June 12, 2014

In a recent comparative study of state S&T policy dynamics in Georgia, Missouri and Texas, authors Jarrett Warshaw and James Hearn examine the nature of state efforts intended to bring together government, universities and industry to support innovation at publically funded universities and spur economic development.

  • Read more about Study Examines the Impact of Policy Dynamics on University Innovation in Three Southern States

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