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Type

  • weekly_digest (338)
Displaying 251 - 275 of 338
Authored on

Philly collaboration aims to accelerate business

Thursday, January 19, 2017

Tuesday’s ceremonial groundbreaking on a new building in Philadelphia marks the foundation of a new collaboration between a number of players that are hoping to accelerate the innovation community in the city.

  • Read more about Philly collaboration aims to accelerate business

$80 million awarded for Advanced Robotics Manufacturing Institute in Pittsburgh

Thursday, January 19, 2017

Pittsburgh will be home to the Advanced Robotics Manufacturing (ARM) Innovation Hub, the newest member of the Manufacturing USA network. The U.S. Department of Defense announced that American Robotics, Inc., an independent nonprofit spun out of Carnegie Mellon University will receive roughly $80 million in federal funding to launch the institute, matched with $173 million in support from the university and a consortium representing approximately 120 industry partners, 40 academic institutions and 60 non-profit and government entities.

  • Read more about $80 million awarded for Advanced Robotics Manufacturing Institute in Pittsburgh

Life sciences industry growing in Midwest, Philadelphia

Thursday, March 9, 2017

The Midwest and the Greater Philadelphia region have found pathways to build strong life sciences industries and create environments that provide the necessary risk capital for healthcare startups. These life sciences clusters are driven by leading healthcare companies, high quality health systems, and top notch research institutions as well as strong entrepreneurial support ecosystems.

  • Read more about Life sciences industry growing in Midwest, Philadelphia

LA, MA and NC budgets support innovation, tech-based development

Thursday, March 16, 2017

Proposed state budgets in Louisiana, Massachusetts and North Carolina show support for innovation and higher education, with some states better positioned in their levels of support while some programs are experiencing cuts. North Carolina unveiled new programs supporting a variety of tech-based economic development initiatives, while Louisiana is restoring full funding for its state scholarships for residents despite its budget deficit.

  • Read more about LA, MA and NC budgets support innovation, tech-based development

White House Showcases Potential of Maker Movement to Boost Local Manufacturing

Thursday, November 21, 2013

Last week the White House hosted a Google Hangout on the American Maker Movement and highlighted some dynamic programs that are turning the Maker Movement into a legitimate economic development tool for regions across the country.

  • Read more about White House Showcases Potential of Maker Movement to Boost Local Manufacturing

New Developments in Capital: Strong Results Announced, New Funds Created

Thursday, April 21, 2016

In the last month, major new developments have occurred in TBED capital programs. Launch Tennessee and Pittsburgh-based Innovation Works both announced positive findings about the growth of their startup investment ecosystems with $1 billion being raised by Tennessee startups from 2012 to early 2016 and over $279 million invested in Pittsburgh startups in 2015. Meanwhile in Ohio, both Youngstown-based and Cincy-based startups will see an influx of capital, while a new $150 million fund focused on stem cell companies and regions has been launched.

  • Read more about New Developments in Capital: Strong Results Announced, New Funds Created

Budget Passes in PA, but Debate Continues; FY17 Spending Approved in AL, FL, ID, NM

Thursday, March 31, 2016

Many states across the country already have, or will soon have, signed budgets ready for the 2017 fiscal year.  Over the past few months, SSTI has examined gubernatorial addresses and proposed budgets for a preview of technology-based economic development spending in the coming year. This week, we take a look at what initiatives and spending levels survived spending negotiations in Alabama, Florida, Idaho and New Mexico, as well as an update on the budget situation in Pennsylvania.

  • Read more about Budget Passes in PA, but Debate Continues; FY17 Spending Approved in AL, FL, ID, NM

“Recoupling” Manufacturing and Innovation

Thursday, August 7, 2014

Between 2000 and 2010, about one-third of U.S. manufacturing employment – approximately five million jobs – were lost as a result of new technologies in the manufacturing process or competition from abroad, according to The Brookings Institution.

  • Read more about “Recoupling” Manufacturing and Innovation

PA One Step Closer to Budget Deal; HI, NM, VA Govs Outline Spending Plans

Thursday, January 7, 2016

While many states have begun negotiations on budget plans for FY17 and beyond, Pennsylvania has made some progress on FY16 spending. Gov. Tom Wolf signed a partial budget that funded many agencies and programs related to economic development, but that did not include higher education funding and other operations. In the coming months, SSTI will review gubernatorial addresses and budget proposals related to economic development. This week, we highlight developments in Hawaii, New Mexico, Pennsylvania and Virginia.

  • Read more about PA One Step Closer to Budget Deal; HI, NM, VA Govs Outline Spending Plans

Universities Build Diverse Partnerships to Fund Startups

Thursday, December 3, 2015

In the face of declining state funding and drawn-out budget negotiations, universities are moving beyond traditional budget procedures to secure funding for their economic development activities. Over the past few months, several universities have leveraged new sources of public and private funds to establish seed funds for university technology. These efforts are intended to increase the number of businesses emerging from their respective educational and research programs and spur regional economic prosperity.

  • Read more about Universities Build Diverse Partnerships to Fund Startups

Budget Update: Economic Development Remains Priority Despite Contentious Debates in Many States

Thursday, July 16, 2015

Now that many governors have signed spending bills and legislative sessions are drawing to a close, the SSTI Digest will check on the status of proposals related to the innovation economy, and examine the state of technology-based economic development funding in the states. This week, we review spending bills in Alaska, Connecticut, Louisiana, South Carolina and Vermont.

  • Read more about Budget Update: Economic Development Remains Priority Despite Contentious Debates in Many States

Pittsburgh Launches Inclusive Innovation Roadmap to Support Equitable Access to Technology, City Resources, Information

Thursday, September 10, 2015

Pittsburgh Mayor William Peduto announced the launch of the Pittsburgh Roadmap for Inclusive Innovation, a strategic plan that is intended to support economic growth and the equitable access to technology, city resources, and information. The roadmap includes three primary goals that include:

  • Read more about Pittsburgh Launches Inclusive Innovation Roadmap to Support Equitable Access to Technology, City Resources, Information

TBED People & Orgs

Wednesday, June 13, 2012

Richard Bendis has been named the first president and CEO of BioHealth Innovation, Inc. a regional private-public partnership focusing on commercializing market-relevant biohealth innovations and increasing access to early stage funding in Central Maryland.

  • Read more about TBED People & Orgs

Groups Call for Aggressive Bioscience Strategies in IN, NY and PA

Wednesday, May 23, 2012

Two common themes emerged in a trio of reports aimed at growing the bioscience sectors in Indiana, New York and Pennsylvania: the need for a sustained financial commitment from the states and the importance of a shared vision and better communication between policymakers and industry leaders. In all three reports, the authors say the payoff is big for the states. The bioscience and life science industries support high-wage jobs and attract significant federal funds.

Indiana

  • Read more about Groups Call for Aggressive Bioscience Strategies in IN, NY and PA

TBED People

Wednesday, May 18, 2011

Karel Schubert has been appointed executive director of the Bioscience Association of West Virginia. Schubert most recently founded and is the chief executive officer of BioSynectics, a St. Louis-based bioscience firm.

J. Michael Saul, deputy director of the R.I. Economic Development Corporation, who served as interim director for a year, is stepping down. Saul had overseen the agency's capital programs such as the Small Business Loan Fund.

  • Read more about TBED People

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

Officials in Louisiana, Rhode Island Tout Tech Hub Proposals

Wednesday, June 22, 2011

One is a proposed tech corridor focused on energy and environment in southeastern Louisiana and the other is being called a "knowledge district" meant to capitalize on the life sciences sector in Providence, but both have the same goal: growing high-tech industry sectors and creating high-wage jobs. Though the concept has been around for decades and is successful in many areas of the country, some states and regions are just now finding their niche and gaining support to establish tech hubs.

  • Read more about Officials in Louisiana, Rhode Island Tout Tech Hub Proposals

Trio of Tech-focused Tax Credits Pass in Louisiana Legislature

Wednesday, June 29, 2011

At the close of the 2011 legislative session in Louisiana last week, lawmakers approved three measures to encourage investment in high-tech economic endeavors. This includes renewing and enhancing the R&D tax credit and the Technology Commercialization credit and reinstating an angel investor tax credit for investment in emerging startups.

  • Read more about Trio of Tech-focused Tax Credits Pass in Louisiana Legislature

Economic Development Programs Consolidated in PA Budget

Wednesday, July 13, 2011

Lawmakers approved Gov. Tom Corbett's proposal to restructure the state's economic development efforts by consolidating several programs within the Department of Community and Economic Development (DCED). Total general fund spending for DCED in FY12 is $212.8 million, down from $327.5 million last year or a 35 percent reduction. Much of this is achieved through consolidating programs.

  • Read more about Economic Development Programs Consolidated in PA Budget

Lawmakers Tackle Workforce, STEM and Higher Ed Policy

Thursday, June 26, 2014

Addressing accessibility, affordability and ensuring workforce preparedness topped legislators’ agendas in many states during the 2014 sessions. States and regions are increasingly competing for talent as the trend toward growing and nurturing innovation ecosystems continues.

  • Read more about Lawmakers Tackle Workforce, STEM and Higher Ed Policy

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

LA Lawmakers Challenge Higher Ed to Meet Workforce Needs with $40M Incentive Fund

Monday, June 2, 2014

A project underway between IBM and Louisiana State University’s School of Engineering aims to better meet employer needs by tripling the number of computer science graduates in five years. Hoping to generate more partnerships like these, lawmakers approved legislation supported by Gov. Bobby Jindal that allows colleges and universities to compete for funds in an effort to produce graduates in high-demand areas. A smaller percentage of the funds distributed under the new Workforce and Innovation for a Stronger Economy (WISE) Fund will be based on federally funded research expenditures.

  • Read more about LA Lawmakers Challenge Higher Ed to Meet Workforce Needs with $40M Incentive Fund

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

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