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Rochester Gains $15M VC Fund as Kodak Slashes Workforce

Friday, January 30, 2004

Nearly every region engaged in building a tech-based economy wants more access to seed and venture capital money. It's particularly useful when your largest employer announces it will lay off up to 23 percent of its workforce – as many as 5,000 people in your community and 15,000 across the globe – during the next three years.

  • Read more about Rochester Gains $15M VC Fund as Kodak Slashes Workforce

Kansas Legislature Wants $500M for TBED Strategy

Friday, January 30, 2004

Flanked by the Kansas Senate President and House Speaker, Republican legislators unveiled on Tuesday a two-pronged agenda to encourage entrepreneurship and biotechnology across the state. The plan calls for the state to invest at least $500 million over the next 10 years through a variety of new programs to encourage research, innovation and technology commercialization.

  • Read more about Kansas Legislature Wants $500M for TBED Strategy

States Graded on Higher Education

Friday, December 8, 2000

A new comprehensive study of the state of higher education in the United States says that as a whole, the nation has made large improvements in the percentage of high school students taking upper-level math and science courses.

  • Read more about States Graded on Higher Education

Nanotechnology Takes Center Stage

Friday, December 8, 2000

Solicitations totaling more than $101 million have been released by the Department of Defense, Department of Energy, and the National Science Foundation (see the National Nanotechnology Initiative webpage at http://www.nano.gov for more details on each opportunity). The amount of funding available is one more indication of the importance that nanotechnology is expected to play in the future.

  • Read more about Nanotechnology Takes Center Stage

Washington DC Passes Tech Incentives

Friday, December 8, 2000

New legislation to help revitalize technology development in Washington, D.C. received unanimous approval from the Council of the District of Columbia and is expected to be signed by Mayor Anthony Williams.

  • Read more about Washington DC Passes Tech Incentives

CyberCities Report Released

Friday, December 8, 2000

All but one of the metro areas evaluated saw their high-tech industry employment grow during the last five years according to a 135-page report, Cybercities: A City By City Overview of the High-Technology Industry.

  • Read more about CyberCities Report Released

An SSTI Analysis: Administration's Manufacturing Strategy Indicates Changes Ahead for MEP

Friday, January 23, 2004

Following 41 straight months of job losses in the manufacturing sector, the Bush Administration released its long-awaited strategy to help revive manufacturing. Manufacturing in America: A Comprehensive Strategy to Address the Challenges to U.S. Manufacturers makes 31 recommendations designed to address challenges identified through 23 roundtable discussions that were held across the country.

  • Read more about An SSTI Analysis: Administration's Manufacturing Strategy Indicates Changes Ahead for MEP

Oklahoma Marks Progress, Looks to Future

Friday, January 23, 2004

The satisfying flavor of success in tech-based economic development is whetting Oklahoma's appetite for more. Lots more.

  • Read more about Oklahoma Marks Progress, Looks to Future

Analysis Finds Massachusetts R&D Leadership Threatened

Friday, January 23, 2004

A new report from the Massachusetts Technology Collaborative (MTC) finds the federal government’s expanding investment in Homeland Security-related research is already proving a major boon to the high tech economy in Massachusetts, but the state’s overall leadership in federally-funded research and development (R&D) is under intensifying pressure from states throughout the country.

  • Read more about Analysis Finds Massachusetts R&D Leadership Threatened

Maryland Outlines New TBED Road Map

Friday, January 23, 2004

Three I's neatly sum up the 22 recommendations recently released by Maryland Governor Robert Erlich's Commission on Development of Advanced Technology Business — Investment, Innovation, and Image. The year-long study looked at the state's existing physical, financial and intellectual infrastructures to support the state's research and technology sectors, making specific recommendations in three groupings to foster continued growth.

  • Read more about Maryland Outlines New TBED Road Map

Biotech Gleanings from San Diego

Friday, January 23, 2004

On Jan. 18, the San Diego Union-Tribune ran a series of three interesting articles examining the biotech sector. One story considers, now that a number of local biotech firms are completing clinical trials, where will they develop their multimillion manufacturing facilities. The other two articles look at selected state and local efforts around the country to support the biotech industry, including Washington, D.C., St. Louis, and Marshfield, WI.

  • Read more about Biotech Gleanings from San Diego

Impact Analysis Finds Virginia's CIT Surpassed 2003 Goals

Friday, January 23, 2004

The line was drawn in the sand a year ago. Some felt Virginia's Center for Innovative Technology (CIT), the Commonwealth's lead organization for science and technology, had been set up for failure in a partisan fight for limited public revenues. Like the rest of Virginia's economic development portfolio, CIT took a big hit in the budget cycle as Virginia dealt with a multibillion-dollar deficit in fiscal year 2003.

  • Read more about Impact Analysis Finds Virginia's CIT Surpassed 2003 Goals

Tech Talkin Govs' II

Friday, January 23, 2004

Tech-based economic development remains high on the agendas of the most of the governors who gave State of the State or Budget Addresses this week. Selected excerpts are provided below:

  • Read more about Tech Talkin Govs' II

People

Friday, December 1, 2000

Kentucky Governor Paul Patton has appointed Bill Brundage to the serve as the state's first Commissioner for the New Economy. Dr. Brundage will oversee the new Kentucky Innovations Commission, which is attached to the Governor's Office and tasked to oversee the state's $55 million New Economy initiative.

  • Read more about People

People

Friday, December 1, 2000

Kentucky Governor Paul Patton has appointed Bill Brundage to the serve as the state's first Commissioner for the New Economy. Dr. Brundage will oversee the new Kentucky Innovations Commission, which is attached to the Governor's Office and tasked to oversee the state's $55 million New Economy initiative.

  • Read more about People

People

Friday, December 1, 2000

Margie Boccieri has announced she is leaving the North Carolina Governor's Office to join Southeast Interactive Technology Funds, a Research Triangle Park venture capital firm, as its Vice President of Business Development and Strategy.

  • Read more about People

People

Friday, December 1, 2000

Lee Martin has stepped down as executive director from TennesSeed. Tom Rogers, CEO of Tech 2020, has agreed to serve as interim director of TennesSeed for a six-month period.

  • Read more about People

People

Friday, December 1, 2000

SSTI welcomes Alan Aldinger to our staff in the new position of Communications Director. Alan comes to SSTI from the office of public relations for Wittenburg University.

  • Read more about People

NIH Inventions Offered for License

Friday, December 1, 2000

The National Institutes of Health released information on six inventions that are available for license. Descriptions and contact information for each invention/patent are presented on the accompanying SSTI webpage

  • Read more about NIH Inventions Offered for License

Study Finds Room for Improvement in State ED Program Auditing

Friday, December 1, 2000

An analysis of 122 audits of economic development programs in 44 states revealed many areas for improvement, according to Good Jobs First, a project of the Washington, D.C.-based Institute on Taxation and Economic Policy. Minding the Candy Store: State Audits of Economic Development, released online in September, issues harsh criticism of many public economic development efforts.

  • Read more about Study Finds Room for Improvement in State ED Program Auditing

ASTF Releases First S&T Innovation Index

Friday, December 1, 2000

"High paying jobs in growth areas are critically needed to offset the decline in wealth and employment from Alaska's North Slope. These new jobs require technical innovation, capital, management, and trained workers."

  • Read more about ASTF Releases First S&T Innovation Index

Greater Philadelphia: A Challenge to Compete in the New Economy

Friday, December 1, 2000

Continuing to rest on past academic excellence and research achievement would be costly to Greater Philadelphia, according to a new report prepared by the Pennsylvania Economy League. The region's "knowledge industry" must compete with other regions and states to succeed in the New Economy.

  • Read more about Greater Philadelphia: A Challenge to Compete in the New Economy

Editor's Note: 2004 Opens with TBED Top Priority for States

Friday, January 16, 2004

If the first full week of the 2004 state legislative season is any indicator of the year's tone and tempo for tech-based economic development initiatives (TBED), then we're in for quite a ride.

  • Read more about Editor's Note: 2004 Opens with TBED Top Priority for States

Michigan Creates $150M VC Fund and Broadens Mfg Tax Credits

Friday, January 16, 2004

Last Thursday, Gov. Jennifer Granholm signed bills to aid Michigan’s tool and die industry and to promote new venture capital investment in the state’s high-tech industries.

  • Read more about Michigan Creates $150M VC Fund and Broadens Mfg Tax Credits

Centers of Excellence, Tax Credits Key to ND Future, Gov Holds

Friday, January 16, 2004

North Dakota Governor John Hoeven dedicated the lion's share of his State of the State Address to promoting a vision of economic growth for the state based entirely on technology-based economic development. The proposals centered on more than a dozen new university-based Centers of Excellence and new tax credits.

  • Read more about Centers of Excellence, Tax Credits Key to ND Future, Gov Holds

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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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