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When VC Inducements Pay Off

Friday, June 8, 2001

Encouraging local sources of capital is a common element of most tech-based economic development efforts. The broad strategies to accomplish this typically include forums, investor groups, tax credits, CAPCOs, and public seed capital to fuel fund development.



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Useful Stats: Gross State Product Figures for 1999

Friday, June 8, 2001

After adjustments for inflation, Gross State Product (GSP) for the nation grew at an average annual rate of 4.0 percent from 1992 to 1999, according to estimated just released by the Bureau of Economic Analysis (BEA), U.S. Department of Commerce. GSP measures value added in production.



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Tech Council News

Friday, June 8, 2001

New Mexico

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People

Friday, June 8, 2001

Jim Tate has been named Science Advisor for the U.S. Department of Interior. Until his appointment, Dr. Tate served as Advisory Scientist for the Idaho National Engineering and Environmental Laboratory.



Julia Wilson is the new Executive Director of the San Diego Telecom Council. She formerly was director of corporate and foundation relations for San Diego State University.



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People

Friday, June 8, 2001

Jim Tate has been named Science Advisor for the U.S. Department of Interior. Until his appointment, Dr. Tate served as Advisory Scientist for the Idaho National Engineering and Environmental Laboratory.

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People

Friday, June 8, 2001

Julia Wilson is the new Executive Director of the San Diego Telecom Council. She formerly was director of corporate and foundation relations for San Diego State University.

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People

Friday, June 8, 2001

The Maryland Department of Business & Economic Development has hired Lawrence C. Mahan to serve as the state's senior biotech executive.

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People

Friday, June 8, 2001

Maria Estela de Rios has been named chairwoman of the New Mexico Manufacturing Extension Partnership Board of Directors. She is executive vice president of Orion International Technologies, which is based in Albuquerque.

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California to Vote on $3B Stem Cell Initiative

Monday, June 7, 2004

California voters will be at the forefront of a highly controversial issue this November when they are asked to decide on a $3 billion bond issue to fund stem cell research.

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New BIO Report Profiles States' Life Science Initiatives

Monday, June 7, 2004

The importance states are placing on the biosciences to fuel future economic growth is clearly evident in a monumental study released today at the annual international convention of the Biotechnology Industry Organization (BIO). Laboratories of Innovation: State Bioscience Initiatives 2004 is the most comprehensive analysis ever done to quantify the scope and impact of bioscience employment in all 50 states.

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Milken Ranks Regional Biotech, Life Science Clusters

Monday, June 7, 2004

Only a handful of metropolitan areas have the critical mass necessary to ensure sustainability of their local biotech communities, according to America’s Biotech and Life Science Clusters, a new study from the Milken Institute. At the top of the list is San Diego, followed closely by Boston and the Raleigh-Durham-Chapel Hill metro area. Only another nine are in the running, the report contends.

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PPI: U.S. Must Adapt, Innovate to Overcome Offshoring Woes

Monday, June 7, 2004

Anxiety over offshoring is an increasingly prevalent issue among Americans and a hot button issue for the upcoming presidential election. With concerns looming from all sectors, it can be difficult to assess which ones hold the most validity. According to a new report from the Progressive Policy Institute (PPI), the real threat to offshoring is it could alter the occupational distribution of the economy and, particularly, squeeze the middle class.

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Website, Reports Stress Importance of States' Fuel Cell Incentives

Monday, June 7, 2004

While the federal government supports fuel cell research, nearly every state across the country has taken a more active role in advancing the development and commercialization of fuel cell and renewable energy technologies, according to two recent reports from the North Carolina State University Solar Center. A web-based directory of more than 875 state and federal initiatives managed by the center helps prove that point.

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More Women Specializing in Biomedical, Environmental Engineering

Monday, June 7, 2004

Overall retention rates for female engineering graduates has remained steady over the last few years, and according to the latest survey from the American Society for Engineering Education, a significant percentage of women are focusing on the less traditional fields of engineering.

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Rural America Grant Commemorates Kellogg Foundation Anniversary

Monday, June 7, 2004

To commemorate its 75th Anniversary, the Kellogg Foundation along with the Corporation for Enterprise Development (CFED) is funding a project to foster entrepreneurship across rural regions of the country.

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Findings Suggest Digital Divide Efforts Should Focus on Cities

Friday, June 1, 2001

Nearly all public schools in the U.S. are connected to the Internet, according to a survey published by the National Center for Education Statistics (NCES). The survey, Internet Access in U.S. Public Schools and Classrooms: 1994 – 2000, shows that 98 percent of public schools had access to the Internet by the fall of 2000, representing a 3 percent increase over 1999 and a 26 percent increase since 1997.



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Spillovers from Academic and Industrial R&D Examined

Friday, June 1, 2001

Is a strong university research component critical to local tech-based economic development? Many argue this position, including SSTI (Using Research and Development to Grow State Economies). Using data on royalties, licenses, and job creation figures, others have demonstrated the economic contributions of university R&D.

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State & Local Round Up

Friday, June 1, 2001

Arizona

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People

Friday, June 1, 2001

President Bush has announced his intention to nominate the following people to positions within the federal government that affect state and local tech-based economic development:

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People

Friday, June 1, 2001

President Bush has announced his intention to nominate the following people to positions within the federal government that affect state and local tech-based economic development:

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People

Friday, June 1, 2001

Mark Lang, CEO of the Ben Franklin Technology Partners of Northeastern Pennsylvania for the past 14 years, has announced his resignation.

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People

Friday, June 1, 2001

Lu Cordova is the new President of the Colorado Technology Incubator.

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People

Friday, June 1, 2001

The Center for Environmental Enterprise (CEE) in South Portland, Maine announced the hiring of a new executive director. John Ferland assumed leadership of CEE in late April.

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Funding Opportunities, Inventions & SBIR Special Issue

Friday, June 1, 2001

Due to length considerations, this week's Funding Opportunities Supplement to the SSTI Weekly Digest was sent separately.



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LinkMichigan To Address State's Telecom Needs

Friday, May 25, 2001

The Michigan Economic Development Corporation (MEDC), in partnership with several public and private organizations, has outlined a plan to address telecommunications infrastructure needs across the state.



LinkMichigan, released last week, addresses several telecommunications infrastructure issues or concerns that were increasingly facing the public and private sector, including:

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Recent news from the SSTI Digest

Recent Research: National industrial policy to reshore US manufacturing can yield positive local effects

Thursday, March 12, 2026
Three academic researchers estimate that the localized job creation impacts resulting from the CHIPS and Science Act already have had a net gain of 12% in the affected counties. The direct jobs in the semiconductor sector alone are 15,000-16,000 short-term positions. With the high-paying nature of jobs in the field, researchers Bilge Erten, Joseph E. Stiglitz, and Eric Verhoogen estimate that, as a spillover effect, 15,000 to 30,000 additional indirect jobs have been created in related sectors.
manufacturing
CHIPS and Science Act

Useful Stats: Sectoral contributions to county GDP

Wednesday, March 11, 2026
Policymakers should be interested in which sectors are present in their region to ensure TBED investments and workforce priorities can have the greatest impact. Exploring gross domestic product (GDP) at the county level offers a detailed look at the economic output of sectors and how they shape local economies. At the county level, data for smaller or more rural counties may reveal nuances invisible when looking broadly at entire MSAs or states, particularly for those areas with lower populations.
useful stats
gdp
manufacturing

National VC trends and which states are bucking them

Wednesday, March 11, 2026
National VC investment over the past five years has seen significant swings, first driven by pandemic impacts and rebounds, then by the rocket ride of AI. According to PitchBook data, national VC activity below $100 million declined from nearly 10,500 deals in 2020 to just under 8,200 in 2025, a 22% drop. Over the same period, the total capital invested increased by just over $5 billion (6%). The trend of more funding into fewer deals is highlighted by the median deal size more than doubling to over $4 million (Fig 1). These macro trends are important as they set the stage for what is happening at the state level. 
venture capital
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