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Displaying 1 - 6 of 6
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Useful Stats: A full recovery from COVID-induced unemployment?

Thursday, June 2, 2022

Between March and April of 2020, the United States saw a massive drop in employment due to the COVID-19 pandemic: from approximately 151 million employees to fewer than 131 million. More than two years since the beginning of the pandemic, surveys suggest a near-complete recovery to pre-pandemic employment levels. Data from the U.S. Bureau of Labor Statistics (BLS) through March 2022 (the most recent final data published by BLS) reveal an average decrease of just 1 percent in employment across the country as whole since February 2020. While the U.S.

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Useful Stats: 10-year SBIR awards by state and agency, 2013-2022

Thursday, May 11, 2023

In anticipation of America's Seed Fund week on May 15-18, 2023, this article will explore the last 10 years of Small Business Innovation Research (SBIR) program award data. These data cover all 50 states, D.C., and Puerto Rico.

In anticipation of America's Seed Fund week on May 15-18, 2023, this article will explore the last 10 years of Small Business Innovation Research (SBIR) program award data. These data cover all 50 states, D.C., and Puerto Rico.

SBIR is a highly competitive awards-based program that funds small businesses to support R&D projects with potential for commercialization. Eleven federal agencies participate in the SBIR program, each with varying budgets, requirements, and goals.

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Useful Stats: State-level higher education R&D trends

Thursday, February 23, 2023

This article was edited on April 19th, 2023, to correct for an error in the original data analysis.

Fiscal Year (FY) 2021 saw higher education research and development (R&D) spending increase by a total of $3.43 billion (3.97%) over the prior year — a higher rate of growth than the 10-year average of +3.53% per year — and $23.99 billion (36.51%) over the past 10-years. Using data from the most recent release of the Higher Education Research and Development (HERD) survey, this article will analyze state-level trends on higher education R&D expenditures, revealing the aforementioned increased expenditures, although strong, are barely keeping pace with the nation’s overall economic growth.

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Useful Stats: 20-Year Change in US Real GDP per capita, 2002-2021

Thursday, February 2, 2023

From 2002-2021 (the last 20 years for which data is available), the total U.S. real gross domestic product (GDP adjusted for inflation, or Real GDP) increased by approximately 45%, from $13.5 trillion to $19.6 trillion in chained 2012 dollars. On a per capita basis, county-level real GDP increased by an average of 36% over the past 20 years, with a range of growth from -77% (Brooks County, Texas) to 3,950% (Culberson County, Texas).

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Useful Stats: Investment deals by size per state, 2012-2021

Thursday, February 10, 2022

While the overall U.S. venture capital market has drawn headlines for record-breaking total investment levels in 2021, the story has been far different for smaller deals. Data currently suggests a decline in deals under $1 million, and only modest growth for deals under $5 million. The final data may tell a slightly different story,[1] but the level of activity at the smaller end of the spectrum is clearly quite different than what is driving market coverage.

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Useful Stats: SSBCI allocations by category and state

Thursday, November 11, 2021

This edition of SSTI’s Useful Stats examines the expected allocation of approximately $8.5 billion in State Small Business Credit Initiative (SSBCI) funding by state and allocation category based on the Department of the Treasury’s recent guidance update.

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Recent news from the SSTI Digest

Data centers may be inevitable, but state and local resistance is growing

Thursday, March 26, 2026
People in the U.S. may be in favor of the using internet, social media, and artificial intelligence, but they are increasingly skeptical of and concerned about the data centers that make all these things possible. Common themes of their skepticism were recently expressed by data center opponents in Michigan who “fear lost farmland and destroyed habitat, noise pollution from thousands of humming servers, strain on the electric grid and higher bills as utilities spend mightily on infrastructure to power the facilities, and strain on rivers and aquifers amid data centers’ use of water to cool servers.” Michiganders are not alone. 
energy
environment
AI

With OZ expansion looming, research shows program has little net jobs impact

Thursday, March 26, 2026
When the Opportunity Zone program was authorized by Congress in 2017, there was high hope that it would give a significant boost to the employment rates of those living in the poorest areas of our cities. Unfortunately, a new research paper adds to the growing findings of the program’s shortcomings and disappointing outcomes, just as the next race to establish new OZ designations is set to begin.   
economic development

Innovation Advocacy Council visits the Hill on your behalf

Thursday, March 26, 2026
“We few, we happy few” shouldn’t have been so bloody few if Shakespeare’s Henry V were honest 400+ years ago. Flash forward, and a merry band of brothers and sisters represented the TBED community well as they visited DC’s Capitol Hill this week to remind Congressional offices of the importance of several federal programs for funding strategic regional innovation initiatives. And it was nothing like Henry V’s Battle of Agincourt. In truth, regional innovation is and always has been a nonpartisan issue, but there are other pressures afoot to capture Congress’s attention and purse strings. 
IAC
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