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  • weekly_digest (527)
Displaying 476 - 500 of 527
Authored on

Three High-Tech Tax Credits Expanded in Maryland Gov’s Budget

Monday, January 20, 2014

Gov. Martin O’Malley’s FY15 budget includes increased funding for the state’s biotech tax credit, cyber tax credit and R&D tax credit, and provides level funds to continue longstanding tech-based and workforce initiatives.

  • Read more about Three High-Tech Tax Credits Expanded in Maryland Gov’s Budget

Maryland’s first State of the Economy report finds almost a decade of stalled economic and population growth

Thursday, January 11, 2024

Last week (Jan. 3), Maryland’s state comptroller released the state’s first State of the Economy report.

  • Read more about Maryland’s first State of the Economy report finds almost a decade of stalled economic and population growth

Tech Talkin’ Govs 2018, part 5: IL, OK, OR, PA, TN looking to enhance workforce, build economies

Thursday, February 8, 2018

Governors are continuing their annual address to legislators and constituents and workforce development continues to take center stage, with the governor of Oregon rolling out a new five-step plan she hopes will invigorate the economy and close the skills gap while Oklahoma acknowledged difficult times and Tennessee says it may achieve an education goal two years ahead of schedule.

Governors are continuing their annual address to legislators and constituents and workforce development continues to take center stage, with the governor of Oregon rolling out a new five-step plan she hopes will invigorate the economy and close the skills gap while Oklahoma acknowledged difficult times and Tennessee says it may achieve an education goal two years ahead of schedule.

  • Read more about Tech Talkin’ Govs 2018, part 5: IL, OK, OR, PA, TN looking to enhance workforce, build economies

Pennsylvania economy gets big boost from Ben Franklin Technology Partners

Thursday, April 27, 2023

Despite being hit with a recession brought on by the COVID-19 pandemic, the latest 5-year impact report from Ben Franklin Technology Partners (BFTP) shows even higher growth than the previous five years.

  • Read more about Pennsylvania economy gets big boost from Ben Franklin Technology Partners

Is the future of work a four-day workweek?

Thursday, March 23, 2023

The idea of changing the 40 hour workweek standard has been floated for decades, and more frequently discussed in recent years as companies confront pandemic-related stress, burnout and the “Great Resignation.” But, even as some smaller U.S. companies (mostly in tech) have moved toward offering a shorter workweek, the idea has not become mainstream, despite some states’ best efforts.

  • Read more about Is the future of work a four-day workweek?

Montgomery County, MD launches first county-based SBIR/STTR-match program

Thursday, June 14, 2018

Although SBIR/STTR matching programs have existed at the state and regional levels for years, Montgomery County, Maryland, recently launched the country’s first county-based match program. The county council overwhelmingly approved the program, which will target Montgomery County-based small businesses receiving Phase I or Phase II SBIR/STTR grants through the National Institutes of Health (NIH), whose main offices are also within the county.

  • Read more about Montgomery County, MD launches first county-based SBIR/STTR-match program

Tech Talkin’ Govs, part 6: Education, workforce, climate change top TBED agendas

Thursday, February 14, 2019

Educating the next generation of workers, ensuring they will have the skills necessary for the jobs of the future and paying attention to the actions that will affect the climate are all on the agendas of the latest round of governors giving their state of the state and budget addresses. A focus on skills can be seen in addresses from governors in California, Maine, Michigan, Oklahoma and Pennsylvania. States are also continuing with initiatives to forward attention on climate change, as reflected in Maine’s climate agenda and Michigan joining other states in the Climate Alliance.

  • Read more about Tech Talkin’ Govs, part 6: Education, workforce, climate change top TBED agendas

Maryland Gov. proposes $56 million for Opportunity Zone programs

Thursday, January 24, 2019

Maryland Governor Larry Hogan’s FY 2020 budget proposal includes $56.5 million in new funding to attract businesses to Opportunity Zones. Other new innovation funding would support manufacturer hiring credits and a seed fund for minority entrepreneurs. Under the governor’s proposal, TEDCO, the state’s primary innovation agency, would see its spending increase from $27 million to $45 million.

  • Read more about Maryland Gov. proposes $56 million for Opportunity Zone programs

Tech Talkin’ Govs part 5: Tax incentives, clean energy, help for higher ed strike note in governors' addresses

Thursday, February 7, 2019

More than half of the governors have now delivered their state of the state addresses, and TBED initiatives continue to play a prominent role in their plans. Higher ed’s affordability and/or role in the workforce are concerns in Montana, South Carolina, Utah and Vermont. Maryland is looking at clean energy and higher education. Utah is also grappling with burgeoning growth while Vermont considers measures to increase its workforce.

  • Read more about Tech Talkin’ Govs part 5: Tax incentives, clean energy, help for higher ed strike note in governors' addresses

Universities launch incubators, accelerators and funds in 2019

Thursday, November 14, 2019

Universities frequently play an integral role in providing activities, research, and products that positively affect or support local, regional, state and national economic development or strategic goals.  In higher-education’s efforts to align its participation in innovation and entrepreneurship systems, universities’ incubators, accelerators and fund programs are essential in assisting their faculty, staff, or students in the services and support needed to create startups, bring products to market, or provide critically needed funding.

  • Read more about Universities launch incubators, accelerators and funds in 2019

Manufacturing wage growth supporting Appalachian economy

Thursday, November 21, 2019

Earnings for Appalachian manufacturing workers grew 3.4 percent from 2012 through 2017 to an average of $63,583. The growth is in the Appalachian Regional Commission’s Industrial Make-up of the Appalachian Region, 2002-2017, which reviews employment and wages by sector across the region. Appalachian workers overall saw earnings increase by 3.7 percent over the five years.

  • Read more about Manufacturing wage growth supporting Appalachian economy

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 2020: AL, CT, MD, OK, PA, TN, WY look to education, workforce and energy initiatives

Thursday, February 13, 2020

With nearly 40 of the state governors now having given a state of the state or budget address, innovation themes continue to echo in their reviews of past accomplishments and plans for the coming year.

  • Read more about Tech Talkin’ Govs 2020: AL, CT, MD, OK, PA, TN, WY look to education, workforce and energy initiatives

States launching innovation initiatives across the country

Thursday, February 27, 2020

Proving that innovation is appealing to states regardless of their size or political leanings, new initiatives in both Democratic and Republican states, as well as large states like California and small states like Vermont, are driving innovation agendas into action in areas ranging from clean energy and aid for students and colleges, to new venture capital investments and bond financing to support business collaborations with higher education to help translate cutting-edge research into products and companies.

  • Read more about States launching innovation initiatives across the country

Workforce development key to state economic development initiatives

Thursday, February 20, 2020

A report on employment trends from hiring firm Robert Half found that 2020 presents greater challenges for employers looking to expand their workforce as the country’s labor market is near full employment and job openings remain at high levels.

  • Read more about Workforce development key to state economic development initiatives

BFTP programs boost PA economy by $4.1 billion over five years

Thursday, January 10, 2019

An independent economic analysis of the Ben Franklin Technology Partners reveals its impact on Pennsylvania’s economy — boosting the overall economy by $4.1 billion between 2012 and 2016, helping to create 11,407 high-paying jobs and generating $385 million in tax receipts for the state. Because the jobs were created in industries that pay 52 percent higher than the average nonfarm salary in Pennsylvania, the impact on the state’s GSP was greater, according to the report.

  • Read more about BFTP programs boost PA economy by $4.1 billion over five years

Sustained Commitment Results in Significant Impact

Thursday, August 8, 2019

State and regional innovation programs continue to encourage significant economic growth across the country. The most recent example of the impact programs are having comes from JumpStart, a Cleveland-based venture development organization, which recently released its 2018 economic impact report. It found that companies in Ohio and New York fostered by JumpStart generated more than $1 billion in economic impact. This increased the cumulative JumpStart total to $6.6 billion since 2010.

  • Read more about Sustained Commitment Results in Significant Impact

Pennsylvania faces challenges, but has assets in innovation

Thursday, August 15, 2019

An early national leader in technology-based economic development (TBED), Pennsylvania now faces several challenges in order to keep up with other states and regions, according to Ideas for Pennsylvania Innovation: Examining Efforts by Competitor States and National Leaders, a new report from the Metropolitan Policy Program at Brookings.

  • Read more about Pennsylvania faces challenges, but has assets in innovation

States take the lead on climate change

Thursday, October 3, 2019

When Gov. Janet Mills addressed the United Nations General Assembly on Sept. 23, it was the first time a sitting governor of Maine has been asked to address the body. She had been invited as part of her participation in the UN Climate Action Summit 2019, and has made tackling climate change and embracing renewable energy key priorities of her administration. She is not the only governor stepping into the role where the federal government has backed out.

  • Read more about States take the lead on climate change

NC, PA advancing climate initiatives

Thursday, October 10, 2019

Last week Pennsylvania Gov. Tom Wolf issued an executive order directing the Department of Environmental Protection (DEP) to join the Regional Greenhouse Gas Initiative (RGGI), joining nine other Northeast and Mid-Atlantic states in a market-based collaboration to reduce greenhouse gas emissions from power plants and combat climate change. And in North Carolina, Gov.

Last week Pennsylvania Gov. Tom Wolf issued an executive order directing the Department of Environmental Protection (DEP) to join the Regional Greenhouse Gas Initiative (RGGI), joining nine other Northeast and Mid-Atlantic states in a market-based collaboration to reduce greenhouse gas emissions from power plants and combat climate change. And in North Carolina, Gov. Roy Cooper’s Climate Change Interagency Council presented four key plans related to clean energy and climate change, the result of the governor’s executive order signed last year to reaffirm the state’s commitment to fighting climate change and transition the state to a clean energy economy.

  • Read more about NC, PA advancing climate initiatives

Evaluation finds TEDCO programs have strong economic benefit

Thursday, March 14, 2019

TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace.

TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace. The direct Maryland economic activity generated by these core programs totaled nearly $900 million in 2018, a considerable increase from the $572.3 million in economic activity reported in 2015. Of all TEDCO programs, the Seed Investment Fund has the largest direct impact, accounting for more than half of all employment and direct economic activity.

  • Read more about Evaluation finds TEDCO programs have strong economic benefit

Ten states selected for manufacturing-focused Policy Academy

Thursday, July 25, 2019

Ten states from across the country have been selected as part of a unique program designed to grow and strengthen their manufacturers. Over the course of the next year, interdisciplinary state teams will meet together in Washington, D.C., and separately in their home states, to develop and refine strategies impacting manufacturing industries.

  • Read more about Ten states selected for manufacturing-focused Policy Academy

New program supports additive manufacturing in US Army

Thursday, June 13, 2019

A new program designed to support additive manufacturing (AM) technology insertion into the existing U.S. Army supply chain could also grow the southwestern Pennsylvania manufacturing sector. Catalyst Connection, in partnership with the National Center for Defense Manufacturing and Machining (NCDMM) and America Makes, launched AMNOW, a potentially multi-phase, multi-year contract funded by the U.S. Army Combat Capabilities Development Command (CCDC) under the U.S. Army Futures Command.

  • Read more about New program supports additive manufacturing in US Army

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