ssti features

Governors' Races: TBED Overview

Twelve states have gubernatorial races in this year’s elections. After Indiana Gov. Mike Pence was recruited for the vice presidential ballot, Indiana voters have current Lt. Gov. Eric Holcomb on the ballot as the Republican candidate for governor. Some states have incumbent governors seeking re-election, including Montana, North Carolina, Oregon, Utah and Washington. Others have term-limited governors and are thus seeing new faces on the ballot, including Delaware, Missouri and West Virginia The remaining states have open races, including Indiana, New Hampshire, North Dakota and Vermont. SSTI provides an overview of the candidates and their economic development and education stances:

‘Moneyball’ Meets TBED: Sports Look for Advantage Through Innovation

In Moneyball: The Art of Winning an Unfair Game — a New York Times bestseller by Michael Lewis from 2003 – the author focuses on the successful approach of Major League Baseball’s (MLB) Oakland Athletics and its general manager Billy Beane’s use of an analytical, evidence-based, sabermetric approach to assemble a competitive baseball team. Conventional wisdom of the time focused on traditional scouting and non-advanced statistics. While Beane and the Athletics were early-movers in the infusing of innovation, science, and technology into the industry of sports, others have rapidly caught up and are making large investments in companies and partnerships. In 2014, venture funding for sports tech startups reached almost $1 billion – an increase of 30 percent from 2012, according to Tech Crunch.

The Changing Nature of U.S. Basic Research: Trends in Performance

Part three of a 3-part series: Part one, Part two

The Changing Nature of U.S. Basic Research: Trends in Funding Sources

Part two of a 3-part series: Part one, Part three

The Changing Nature of U.S. Basic Research: Trends in Federal Spending

Part one of a three part series: Part two, Part three

How Policymakers Best Support Innovation?

Under the assumption that regulations place an unnecessary strain on the innovative free-market companies that create the jobs and industries needed to drive the economy, liberalization is oftentimes the go-to policy prescription for states or countries hoping to spur innovation. Although proponents of deregulation cite incidents of government overreach and inefficiency as evidence of the state suppressing the market’s innovativeness, the government does not always hinder innovation, according to articles featured in the January 2015 issue of Foreign Affairs. By making the strategic investments the private sector is often unwilling to make, the state can play a major role in providing the necessary infrastructure needed for prosperity generating innovation.

Crowdfunding Made a Splash in 2013, 2014 Could be Turning Point

Crowdfunding was poised to make a major splash on startup financing in 2013, aided by the passage of the 2012 JOBS Act, a projected explosion in the number of crowdfunding portals and the adoption of state crowdfunding exemptions. However, the crowdfunding industry did not have the anticipated gamechanging impact on startup financing, mostly due to the Securities and Exchange Commission’s (SEC) cautious approach to the adoption of the crowdfunding rules mandated by the JOBS ACT. The SEC eased into the crowdfunding era by allowing for the general solicitation by businesses to raise equity from accredited investors via secure web-based portals. Finally, late in 2013 the SEC released proposed rules that would allow for equity crowdfunding from unaccredited investors sometime in 2014.

SSTI Highlights Experiences, Accomplishments of Women Leaders

From the earliest days of technology-based economic development in the 1980s, and through its formitive years in the 1990s, women leaders have played an integral role in the development of the field. As Women's History Month draws to a close, this week's special issue of the Digest pays tribute to those women and takes a closer look at the opportunities and challenges that face women in TBED today.

How Effective Are State Angel Tax Credits?

Last week, the SSTI Weekly Digest offered an overview of the many TBED-focused tax incentives currently under consideration in a number of state legislatures. Tax credits for research and development and for angel capital investment, in particular, appear to be under consideration in many parts of the country. At the same time, there appears to be a renewed emphasis on transparency in the operation and effectiveness of these kinds of tax credits.

How Effective are State R&D Tax Credits?

Over the past thirty years, state research and development (R&D) tax credits have become one of the most common state tools to boost their local technology economy. Few studies, however, have attempted to provide a comprehensive evaluation of their effectiveness. In this article, SSTI provides an overview of the literature on state R&D credits, examining why states introduce these incentives and whether or not tax credits are an effective policy tool to promote high-tech businesses and jobs.


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