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Displaying 201 - 225 of 228
Authored on

Mayors Unveil Initiatives to Improve Cities' Competitiveness

Thursday, August 11, 2011

From undertaking a joint regional initiative to improve two cities' competitiveness in advanced manufacturing to launching an effort for engaging venture capital companies and bringing in top university students to showcase area opportunities, mayors in Lexington and Louisville, Boston and Chicago recognize the value in promoting their cities as top destinations for growing tech-based economies. While each of the three recent announcements detailed below target different sectors of the innovation economy, they share the same mission of making their region more desirable for startups.

  • Read more about Mayors Unveil Initiatives to Improve Cities' Competitiveness

Legislative Wrap-Up II: MA, MN, NJ Dedicate Funds for S&T

Wednesday, July 27, 2011

Recent legislative actions supporting technology-based economic development include level funding for the Massachusetts Life Sciences Center, funding to support programs of the Minnesota Science and Technology Authority and the expansion of two state programs in support of technology and life sciences companies in New Jersey.

  • Read more about Legislative Wrap-Up II: MA, MN, NJ Dedicate Funds for S&T

Useful Stats: U.S. Venture Capital Per Capita and Share of National Total by State, 2008-13

Wednesday, January 29, 2014

After hitting an all-time high in 2012, California’s dominance of the nation’s venture capital activity receded a bit last year. California continues to receive about half of the country’s venture investment dollars and about 40 percent of its dealflow, but in 2013, the state’s share of dollars fell from 53 to 50 percent, according to data from the PricewaterhouseCoopers/National Venture Capital Association (PwC/NVCA) Moneytree survey. Massachusetts, which has been host to about 10 percent of national venture activity in past years, also saw its share of total U.S.

  • Read more about Useful Stats: U.S. Venture Capital Per Capita and Share of National Total by State, 2008-13

Tech Talkin’ Govs 2018, part 4: CA, HI, MA, MI, ND, SC, WI

Thursday, February 1, 2018

SSTI’s Tech Talkin’ Govs feature continues as governors across the country roll out their state of the state addresses. We review each speech for comments relevant to the innovation economy, and bring you their words directly from their addresses. In this fourth installment, we present excerpts from governors in California, Hawaii, Massachusetts, Michigan, North Dakota, South Carolina and Wisconsin.

SSTI’s Tech Talkin’ Govs feature continues as governors across the country roll out their state of the state addresses. We review each speech for comments relevant to the innovation economy, and bring you their words directly from their addresses. In this fourth installment, we present excerpts from governors in California, Hawaii, Massachusetts, Michigan, North Dakota, South Carolina and Wisconsin.

This week’s review includes states like California with its goal for lower carbon output to Hawaii and Massachusetts who are looking to increase their use of renewable energy sources. Meanwhile, energy-dependent North Dakota is looking to diversify its economy and Wisconsin seeks ways to build its workforce.

  • Read more about Tech Talkin’ Govs 2018, part 4: CA, HI, MA, MI, ND, SC, WI

Workforce winning in latest state budget proposals; KS, MA, MI, OK, TN reviewed

Thursday, February 8, 2018

Workforce development programs and apprenticeships continue to win favor in many of the governors’ state budget proposals. In our latest review of TBED initiatives being proposed in state budgets, we found Kansas asking for additional funds for research, worker training and apprenticeships; Massachusetts is looking to double community college scholarship funding and increase several workforce development initiatives; and in Michigan, skilled trades training would receive a boost.

Kansas

Workforce development programs and apprenticeships continue to win favor in many of the governors’ state budget proposals. In our latest review of TBED initiatives being proposed in state budgets, we found Kansas asking for additional funds for research, worker training and apprenticeships; Massachusetts is looking to double community college scholarship funding and increase several workforce development initiatives; and in Michigan, skilled trades training would receive a boost.

  • Read more about Workforce winning in latest state budget proposals; KS, MA, MI, OK, TN reviewed

MA life sciences workforce grows 131 percent, recommendations outlined to continue momentum

Thursday, June 2, 2022

Moving away from four-year degree programs and toward apprenticeships is one of the recommendations to help ease the workforce shortage experience in the life sciences industry. This and other recommendations are part of a recently released report from the Massachusetts Biotechnology Council, also known as MassBio, on workforce trends in the life sciences industry in Massachusetts.

  • Read more about MA life sciences workforce grows 131 percent, recommendations outlined to continue momentum

States aim to drive growth with new economic development, energy plans

Thursday, December 19, 2019

A trio of plans focused on economic development at the state level were released this month. Noting that it is at an economic crossroads and facing serious challenges, Maine’s Department of Economic and Community Development has issued a new 10-year economic development strategy for the state. Massachusetts has also proposed a new economic development plan, focusing on four key areas, while a new report in Maryland is targeting clean energy as an opportunity for the state to invest in the future.

Maine’s plan

  • Read more about States aim to drive growth with new economic development, energy plans

States with new university-industry partnerships & research capacity activities work to strengthen economies and talent pipelines

Thursday, October 31, 2019

Research universities and their partnerships with industry, including an institution’s research capacity, are important elements to building a state’s economy as well as the national economy and talent pipeline and workforce.

  • Read more about States with new university-industry partnerships & research capacity activities work to strengthen economies and talent pipelines

States dealt blow with pandemic

Thursday, April 2, 2020

In general, the effect of the pandemic on states’ budgets due to the wave of business, retail, and commerce shutdowns, as well as other reduced economic activity across the nation, is not entirely known, or too early to forecast; however, a number of states are beginning to experience the initial impacts of a substantial downturn. With several states having already enacted their 2020-21 budgets, special sessions are expected later this year to deal with declining revenues. Others ended sessions early without a new fiscal year spending plan in place.

  • Read more about States dealt blow with pandemic

Tech Talkin’ Govs 2019, part 1: Governors unveil broadband, workforce, and research proposals to build economies

Thursday, January 10, 2019

With 36 governors being sworn in following the November elections, 20 of those being new faces and 16 who were re-elected, this year’s inaugural and state of the state addresses promise new ideas along with proposed resolutions to existing challenges. As the governors present their plans to constituents, SSTI revisits our Tech Talkin’ Govs series.

  • Read more about Tech Talkin’ Govs 2019, part 1: Governors unveil broadband, workforce, and research proposals to build economies

New seed fund launched to expand early-stage funding opportunities outside Boston metro area

Thursday, June 13, 2019

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.

  • Read more about New seed fund launched to expand early-stage funding opportunities outside Boston metro area

Tech Talkin’ Govs 2020: DE, HI, ME, MA, NE, NM, SD, WI trying to build economies

Thursday, January 30, 2020

The economy, workforce and climate change continue to surface in governors' state of the state addresses. While today’s strong economy allows most governors to reflect on how the states have grown, preparing for the next downturn continues to be a point of concern.

  • Read more about Tech Talkin’ Govs 2020: DE, HI, ME, MA, NE, NM, SD, WI trying to build economies

MA authorizes more than $1 billion in new economic development activities

Thursday, August 30, 2018

The Massachusetts legislature ended its 2018 session with a slate of bills related to tech-based economic development. Legislation for general economic development, life sciences industry, and green communities created new authorizations and provided for more than $1 billion in bond funding authority, with a substantial portion allocation to innovation-related activities. From broadband access to SBIR support to workforce development, the bills created a host of new opportunities for TBED in the Bay State.

  • Read more about MA authorizes more than $1 billion in new economic development activities

States’ fiscal picture improves with growing economy

Thursday, August 16, 2018

The ability of states to deliver the services promised to its residents relies on their fiscal soundness. With most states beginning their fiscal year in July, SSTI has reviewed the current fiscal standing for each state and here presents a snapshot of our findings.

The ability of states to deliver the services promised to its residents relies on their fiscal soundness. With most states beginning their fiscal year in July, SSTI has reviewed the current fiscal standing for each state and here presents a snapshot of our findings.

Most states ended their fiscal year with a surplus and continue to recover from the Great Recession, with a growing economy and job gains. However, they face continuing demands on their budgets, with expanded Medicaid payments and the growing opioid crisis confronting nearly every state. Such decisions affect the state’s ability to fund innovation efforts, from the amount of support available for higher education and STEM programs, to funding for entrepreneurship, and forging public private partnerships to strengthen innovation programming that the private sector cannot fully support.

Our analysis found that some states that rely on the energy sector to fund their spending priorities continue to struggle, while others are already factoring in anticipated revenues as a result of new Supreme Court rulings involving gaming and online sales tax collections.

  • Read more about States’ fiscal picture improves with growing economy

Massachusetts advances new manufacturing, apprenticeship funding in last state budget of FY 2019

Thursday, July 26, 2018

Nearly a month after the start of the new fiscal year, Massachusetts legislators have approved an FY 2019 budget. Science and innovation stakeholders may find it worth the wait. Included in the $42 billion budget are new funding for a precision manufacturing initiative that will fund multiple, local activities ($2.7 million) and $500,000 for registered apprenticeships.

  • Read more about Massachusetts advances new manufacturing, apprenticeship funding in last state budget of FY 2019

Governors lay out plans for recovery, rebuilding in annual State of the State addresses

Thursday, January 28, 2021

Across the country, the governors have begun delivering their State of the State addresses, an annual ritual where they have the opportunity to review where the state’s economy stands and preview their plans for the coming year. This year’s remarks reflect the dire conditions most states are experiencing with the pandemic, economic fallout, racial strife and national political upheaval. Despite the heavy focus on states’ efforts to respond to the pandemic, governors have struck a hopeful note and are focusing on recovery.

  • Read more about Governors lay out plans for recovery, rebuilding in annual State of the State addresses

Tech seeking to address diversity, gender challenge

Thursday, August 6, 2020

A leading technology association has stepped up to positively impact tech diversity and inclusion through a new challenge that aims to double the percentage of the state’s Black and Latinx tech workers — currently at 5 and 7 percent respectively — by the end of the decade.

  • Read more about Tech seeking to address diversity, gender challenge

Broadband, clean energy, workforce and diversifying economies featured in governors State-of-the-State addresses

Thursday, February 4, 2021

More than half of the nation’s governors have given their State-of-the-State addresses, and in this week’s coverage of the addresses, we complete our review of those that addressed their constituencies through January. As the COVID-19 crisis highlighted the need for greater broadband connectivity and affordability, we again see the state leaders focusing more attention on building out those capabilities. Diversifying state economies also plays a role in Alaska, Hawaii and New Mexico, while opportunities for development through renewables features in addresses from Nevada and New York.

  • Read more about Broadband, clean energy, workforce and diversifying economies featured in governors State-of-the-State addresses

Examining what work could look like after the pandemic and its implications for economic development

Thursday, July 29, 2021

Falling demand for office real estate and public transit, greater need for flexible child care and requirements for reskilling are some of the insights gained into the future of Massachusetts’ workforce.

  • Read more about Examining what work could look like after the pandemic and its implications for economic development

Massachusetts governor proposes $3.5B economic development package, including $750M for clean energy

Thursday, May 19, 2022

Massachusetts Gov. Charlie Baker and Lt. Gov.

Massachusetts Gov. Charlie Baker and Lt. Gov. Karyn Polito are urging Massachusetts legislators to act on their proposed  legislation  that includes $3.5 billion in clean energy and economic development initiatives. The bill includes $2.3 billion in funding from the federal American Rescue Plan Act (ARPA) and over $1.256 billion in capital bond authorizations to support projects to strengthen state infrastructure, create jobs and invest in all 351 cities and towns in the state. The legislation, called An Act Investing in Future Opportunities for Resiliency, Workforce, and Revitalized Downtowns (FORWARD), includes $1.2 billion in ARPA funds for climate resiliency and preservation efforts, with more than half of that designated for the commonwealth’s clean energy industry.

  • Read more about Massachusetts governor proposes $3.5B economic development package, including $750M for clean energy

11 additional states approved for federal funding through SSBCI

Thursday, October 13, 2022

The U.S. Department of the Treasury announced 11 additional states whose SSBCI plans have been approved: Alaska, Idaho, Iowa, Massachusetts, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Ohio, and Utah.

  • Read more about 11 additional states approved for federal funding through SSBCI

More than $1B in new state and local initiatives for clean energy announced

Thursday, October 21, 2021

New York City and the state of Illinois have both made moves recently to shift more of their economies to clean energy.

New York City and the state of Illinois have both made moves recently to shift more of their economies to clean energy. Mayor Bill de Blasio and the New York City Economic Development Corporation (NYCEDC) announced a 15-year, $191 million Offshore Wind Vision (OSW) plan to make New York City a leading destination for the offshore wind industry.  Last month, Illinois Gov. J.B. Pritzker signed sweeping legislation offering new incentives for the adoption of clean energy and aim to move it to 100 percent clean energy by 2050. And Massachusetts Gov. Charlie Baker is looking to use American Rescue Plan Act (ARPA) money to establish a clean energy investment fund.

  • Read more about More than $1B in new state and local initiatives for clean energy announced

NIST MEP announces funding opportunities for manufacturing centers in four states

Thursday, February 3, 2022

The National Institute of Standards and Technology (NIST) is accepting applications to operate Manufacturing Extension Partnership (MEP) centers in Kentucky, Nebraska, Rhode Island and South Dakota. The NIST Hollings Manufacturing Extension Partnership funds 51 centers in all 50 states and Puerto Rico which provide experts who enhance the performance of local manufacturers. Funding awards will include almost $19.8 million to support small and medium-sized manufacturing companies in the four listed states.

  • Read more about NIST MEP announces funding opportunities for manufacturing centers in four states

Tech Talkin’ Govs 2023: Governors’ innovation vision from their annual addresses

Thursday, February 9, 2023

After a busy election season that saw gubernatorial elections in 36 states, newly elected and re-elected governors delivered their annual State of the State addresses, kicking off new programs and reviewing the conditions of their states. SSTI reviews the speeches every year and covers news of new developments and initiatives the governors have highlighted as they relate to the innovation economy. New programs are laid out here in the governors own words as excerpts from their State of the State or budget addresses.

  • Read more about Tech Talkin’ Govs 2023: Governors’ innovation vision from their annual addresses

Several states have recently proposed or implemented R&D state tax credits

Thursday, February 27, 2025

As this week’s recent research article mentions, R&D tax credits work, so it isn’t surprising several states have either proposed, amended, or enacted research and development (R&D) tax credits for both the current fiscal (2025) and new (2026) fiscal year in efforts to encourage innovation and economic growth. Some specifically target life sciences or biotechnology sectors while others focus on attracting new or existing companies and startups or to further develop life sciences and/or biotech sectors and hubs.

  • Read more about Several states have recently proposed or implemented R&D state tax credits

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