state budget

Lab Space, Commercialization Support Backed by State Governments

This article is part of SSTI's series on trends in state technology-based economic development legislation in 2014. Read our other entries covering legislative action on patent reform, research capacity, capital & tax credits, workforce & STEM and manufacturing & clusters.

Manufacturing Resurgence Attracts Attention of State Legislatures

This article is part of SSTI's series on trends in state technology-based economic development legislation in 2014. Read our other entries covering legislative action on patent reform, research capacity, capital & tax credits, technology commercialization & infrastructure and  workforce & STEM.

Mixed Bag for Michigan Talent Initiatives in FY15 Budget

Lawmakers approved funding for a bond program that dedicates $50 million for re-tooling community colleges with the latest equipment, but failed to pass a larger proposal that would allow universities to compete for $100 million in bond funds for capital improvements to enhance engineering programs. The budget also includes $2 million to establish a new fund for global marketing of Michigan’s automotive sector and support of public-private collaborations with the auto industry.

Missouri Technology Corp to Administer New Grants, Gets $5M Boost for Core Programs

With nearly $10 million in additional funding for the upcoming year, the public-private Missouri Technology Corporation (MTC) will receive a boost in support for core programs and new resources to administer early stage business grants. MTC invests in emerging high-tech companies with a focus on bioscience industries.

LA Lawmakers Challenge Higher Ed to Meet Workforce Needs with $40M Incentive Fund

A project underway between IBM and Louisiana State University’s School of Engineering aims to better meet employer needs by tripling the number of computer science graduates in five years. Hoping to generate more partnerships like these, lawmakers approved legislation supported by Gov. Bobby Jindal that allows colleges and universities to compete for funds in an effort to produce graduates in high-demand areas. A smaller percentage of the funds distributed under the new Workforce and Innovation for a Stronger Economy (WISE) Fund will be based on federally funded research expenditures. 

Transition to Privatize Economic Development Outlined in NC Budget

Building on a bare bones structure for privatizing economic development established last session, Gov. Pat McCrory outlined a plan for transitioning the state’s Department of Commerce to a public-private partnership, effective July 1. The move, according to the governor, will allow for more flexibility to support businesses and achieve savings for the state. Several innovation-focused investments also were presented as part of the recommended state budget adjustments for FY15, including matching and incentive funds for early stage, high-tech companies and funding to assist campuses in commercializing technology.  

New $30M Fund Established to Help Connecticut Manufacturers Modernize

Lawmakers included $30 million in the recently enacted FY15 budget to establish a fund to help smaller manufacturers modernize and grow with priority given to companies located in the state’s 42 communities designated as historic manufacturing hubs.

Useful Stats: State Government Agency Spending on R&D by State, 2006-11

State agencies in New York spent more on research and development than agencies in any other state in FY11, according to data released by the National Science Foundation. The NSF data provides an overview of state agency investments in R&D, broken down by the source of those funds and the types of organizations that eventually performed the research. Ohio, Florida and California also ranked among the top states for total agency investment. West Virginia and Ohio led in R&D investments as a share of state GDP in FY11.

Florida Budget Agreement Prioritizes Research

The FY15 budget agreement approved last week by lawmakers dedicates $60 million to elevate the state’s status in cancer care and research, with another $20 million slated for peer-reviewed research grants. The cancer research initiative was a major priority for Gov. Rick Scott during the session. The budget also increases funding for economic development incentives and provides level funds for university-based technology commercialization.

Report Urges Policymakers to Reinvest in Higher Education

As a result of deep cuts to higher education funding following the recession, issues surrounding affordability, access to programs and services, and quality could jeopardize the nation’s competitiveness. A new report from the Center on Budget and Policy Priorities finds that although a majority of states have begun to restore some of the cuts, 48 states are spending less per student than they did before the recession.


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