economic development

An Earth Day item on TBED financial investment strategies

Which should be more valuable for an economic development minded investment program?

  • Company A, which yields a 2x return on investment and has a technology that reduces carbon emissions and energy use,
  • Company B, which returns 12x to investors through an impressive IPO but contributes more to climate change, or
  • Company C, which returns 3x and the climate impacts of its technology and production process aren’t as easily measured so remain unknown.

Pandemic-era federal funding encouraged community colleges to have greater involvement in regional economic development

The recent pandemic and the government's response may have catapulted community colleges toward deeper participation in economic development. “Community colleges have been interested and involved in economic development for decades,” said Thomas Brock, director of the Community College Research Center at Columbia University. "That's part of their core mission. But what is different now is that there's a lot more federal money on the table through the CHIPS Act and the (Bipartisan) Infrastructure (Law). Community colleges are entrepreneurial, and they will take advantage of those resources to the extent they're available."

St. Louis focus on innovation has an eye on equity

Editor’s note: SSTI is committed to helping its members create economies that are equitable and inclusive. The following article is part of a series highlighting how different organizations ensure all people within their communities can benefit from today’s economy and lessons learned in their work.

PA releases new economic development strategy; budget calls for new $20M innovation fund

Last week, Pennsylvania Governor Josh Shapiro and the Pennsylvania Department of Community & Economic Development (DCED) released what they are describing as the Commonwealth’s first comprehensive Statewide Economic Development Strategy in nearly 20 Years. Seeking to build a more competitive, inclusive, and innovative economy that positions Pennsylvania for the technologies of the future, the administration identified five sectors (Agriculture, Energy, Life Sciences, Manufacturing, and Robotics and Technology) for focus and resource investment. While some of those sectors already are foundational to the state, taken all together, the administration believes they will make Pennsylvania competitive in research and development, entrepreneurship, attraction and retention of businesses and workforce, and economic growth.

Developing resilience solutions through systems thinking

Incorporating systems thinking into economic development planning could lead to better solutions to potential and pressing problems, says a Quarterly Research Brief from the National Economic Research and Resilience Center (NERRC). The paper emphasizes that systems, or integrated planning, is essential when writing a Comprehensive Economic Development Strategy (CEDS).

Webinar: Communicating Tech-based Economic Development

How do you explain your work to others? Explore this important and challenging topic with your peers during a TBED Community of Practice webinar. SSTI will share findings about public perception and interpretation of common TBED activities, such as that people think tech transfer means moving files to a new device, and facilitate a discussion with experienced state leaders and the audience about effective strategies to build public awareness and stakeholder support. You’ll log off with new ideas for communicating your work to partners, funders, legislators, and even your family.

Smaller American cities are making a comeback with relocation programs

Families and young professionals from New York and New Orleans, San Francisco and San Antonio, Omaha, and expat communities abroad are homing in on one unassuming Midwest city as the ideal place to relocate and put down roots. If you tried to guess the destination, you probably wouldn’t guess Tulsa, Oklahoma. But this city is, in fact, one of the nation's hottest relocation destinations.

In the zero-sum game of population migration, winners win and losers plan

The dynamics of population growth in the U.S. changed during the pandemic. As people migrated away to avoid the limitations of the pandemic, one region’s population loss was another region’s gain. Now, economists are analyzing the impact of migration on local economies.

New CEDS guidelines emphasize equity, broadband, climate resilience, and workforce development

The Economic Development Administration (EDA) has updated its Comprehensive Economic Development Strategy (CEDS) Content Guidelines, effective April 2023. CEDS are strategy-driven plans for economic development prepared through a regionally owned planning process. Designed to build regional capacity and economic resilience, an active CEDS is a prerequisite for EDA designation as an Economic Development District (EDD), which serves as the main conduit through which TBED organizations may seek funding from EDA’s Public Works and Economic Adjustment Assistance program.

Economic Recovery Corps (ERC) Fellows available

The International Economic Development Council (IEDC), in partnership with six national and international associations and the U.S. Department of Commerce's Economic Development Administration (EDA), announced the launch of the inaugural Economic Recovery Corps (ERC) program on May 11. The program will place up to 65 ERC Fellows within partnering organizations across the United States. The Fellows will engage in new economic development projects encouraging equitable and inclusive change. Each Fellow will stay at the host organization for 2.5 years.


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