economic development

Kansas reveals first economic development plan in 30 years, shifts focus to innovation

Last month, Gov. Laura Kelly (D), alongside former state governors Mike Hayden (R) and John Carlin (D), and the Lt. Gov. and Secretary of Commerce David Toland, announced “Framework for Growth”, the state’s first economic development plan in over 30 years. The plan, which was a year in the making, is a collaborative effort that involves input from over 2,000 Kansans, the staff of the Department of Commerce, and two former governors.

Workforce, broadband, rural investments at play in governors’ plans for economic development

As governors continue to roll out their State-of-the State addresses in the month of February, we continue to see a heavy focus on recovering from the pandemic. Given most state’s fiscal condition, governors have been generally hesitant to roll out new initiatives during this time, although broadband continues to receive attention, especially with the renewed attention surrounding its importance during the pandemic.

State of Ohio commits $265 million for new innovation district

Ohio’s governor and other state leaders this week announced the creation of a new Cleveland Innovation District, with the state of Ohio, through the Ohio Development Services Agency (DSA), JobsOhio and the Cleveland Clinic committing a combined $565 million to the new district. The new district will bring together Northeast Ohio’s leading healthcare providers and education institutions with the goal of creating a pathogen center with global reach. DSA is committing to $155 million, $100 million will be in the form of a loan, the terms of which are still being finalized, and an estimated $55 million in Job Creation Tax Credits (JCTC) over a 15-year period. JobsOhio will invest $110 million and an additional $300 million will be invested by Cleveland Clinic.

Four steps for a bipartisan effort to outcompete China

While economic development tends to be nonpartisan at the state level, many states are limited in their ability to fund innovative programs. In order to fund efforts that may serve as part of a national development strategy, Congress should use the bipartisan support of state efforts to establish and expand federal-state development partnerships and a strategy focused on countering China’s rise in advanced industries. That is the sentiment behind a recent roadmap from the Information Technology & Innovation Foundation (ITIF) that proposes four things Congress should do to align state efforts to an overall mission of outcompeting China.

Consolidation of local governments could provide new economic development outlets

Improved prospects for economic development, as opposed to concerns about government efficiency, can play an important role in building support for local government consolidation efforts. The importance of economic opportunities in government consolidation was a key conclusion within Ball State University’s recently published policy brief, Indiana’s Government Modernization Act & Local Government Consolidation Experiences: Process and Politics.

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

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

Report examines what works in rural innovation

Turning good intentions into actions is part of the motivation behind a recent report from the Community Strategies Group (CSG) of the Aspen Institute. The report, Rural Development Hubs: Strengthening America’s Rural Innovation Infrastructure, focuses on actions that could build capacity to advance rural community and economic development to improve equity, health and prosperity for future generations.

SSTI, economic development peers submit OZ letter to EDA

SSTI and five peer, economic development-focused organizations submitted a letter to assistant secretary for economic development, John Fleming, in response to a request for information about incorporating Opportunity Zones (OZs) into existing EDA practices. The letter encourages the agency to be cautious in its approach, pointing out that OZ’s impacts are not yet understood.

In trying to build economic diversity, Wyoming targeting certain sectors

Wyoming Gov. Mark Gordon recently announced that changes are coming to the state’s ENDOW initiative, a 20-year vision that was crafted under his predecessor, Gov. Matt Mead. As part of the coming changes, Gordon said the initiative will target certain industries (such as aerospace, defense and healthcare), be smaller in its scope, and incremental in its strategy.

SSTI partners with NSF to bring you latest in funding, entrepreneurial support

We are excited to be partnering with NSF during SSTI’s Annual Conference, Sept.9 through 11 in Providence, Rhode Island, to bring you the latest information and ideas on SBIR/STTR and university/industry partnerships.

Pages

Subscribe to RSS - economic development

Warning: Cannot modify header information - headers already sent by (output started at /srv/users/ssti/apps/ssti/public/includes/bootstrap.inc:1642) in /srv/users/ssti/apps/ssti/public/includes/bootstrap.inc on line 1501

Warning: Cannot modify header information - headers already sent by (output started at /srv/users/ssti/apps/ssti/public/includes/bootstrap.inc:1642) in /srv/users/ssti/apps/ssti/public/includes/bootstrap.inc on line 1505

Warning: Cannot modify header information - headers already sent by (output started at /srv/users/ssti/apps/ssti/public/includes/bootstrap.inc:1642) in /srv/users/ssti/apps/ssti/public/includes/bootstrap.inc on line 1505

Warning: Cannot modify header information - headers already sent by (output started at /srv/users/ssti/apps/ssti/public/includes/bootstrap.inc:1642) in /srv/users/ssti/apps/ssti/public/includes/bootstrap.inc on line 1505
Error | SSTI

Error

The website encountered an unexpected error. Please try again later.