states

Elections update: Two states flip, an incumbent loses, women gain two more governor seats, and ballot initiatives called

Thirty-six states held gubernatorial contests in Tuesday’s (Nov. 8) mid-term elections. By the end of the last week, winners in 32 states had been chosen. As of today, contests in Arizona, Nevada and Oregon have been called; while votes continued to be tallied in Alaska, which held its first ranked choice general election. Gov. Mike Dunleavy maintains a substantial lead and appears he will be re-elected. As such, Dunleavy will be the first governor to be elected to back-to-back terms in the state since former Democratic Gov. Tony Knowles won reelection in 1998. Results from gubernatorial elections and ballot measures that were not available at last week’s writing are detailed below.

Four state legislatures flip —Democrats pick up trifectas in mid-term elections

Going into Tuesday’s 2022 mid-term elections, less electoral shakeup in state legislatures was expected after states’ redistricting efforts shored up many safe seats for incumbents — with the one notable exception being Michigan, thanks to an independent commission that had drawn a competitive map that put both legislative chambers in play. The results detailed below reveal the new, and some still-standing, makeup of statehouse leadership changes as the result of Tuesday’s election.

Election 2022: Gubernatorial campaigns reveal positions on innovation initiatives

Thirty-six states are holding gubernatorial elections this November, with voters in eight of those states (Arizona, Arkansas, Hawaii, Maryland, Massachusetts, Nebraska, Pennsylvania, and Oregon), choosing a new governor to replace a term-limited incumbent. In two states, Connecticut and Georgia, the incumbent is facing a re-match with their 2018 opponent, while in Alaska and Maine, the incumbent is being challenged by his/her predecessor, whom they defeated in 2018. Florida Gov. Ron De Santis is being challenged by former Gov. Charlie Crist, who previously switched his party affiliation from Republican to Democrat. In five states — Alabama, Arizona, Iowa, Michigan, and Oregon ­— women incumbent governors and opposing candidates are competing to either retain or gain the executive seat.

Efforts underway in the states to capitalize on CHIPS funding

With President Biden’s signing the CHIPS and Science Act on Aug. 9, states and universities are already making plans to build on the funding opportunities present in the legislation. For example, a group of Midwest colleges and universities has formed a new coalition to support the advanced semiconductor and microelectronics industry as Intel begins construction on a microchip plant in Ohio, and multiple states are positioning themselves to compete for semiconductor manufacturing incentives — as encouraged by Commerce Secretary Gina Raimondo. This article summarizes these early state actions (for recent federal activity, see SSTI’s coverage).

Useful Stats: A full recovery from COVID-induced unemployment?

Between March and April of 2020, the United States saw a massive drop in employment due to the COVID-19 pandemic: from approximately 151 million employees to fewer than 131 million. More than two years since the beginning of the pandemic, surveys suggest a near-complete recovery to pre-pandemic employment levels. Data from the U.S. Bureau of Labor Statistics (BLS) through March 2022 (the most recent final data published by BLS) reveal an average decrease of just 1 percent in employment across the country as whole since February 2020. While the U.S. is approaching full employment recovery at the national level, 36 states and D.C. continue to lag while 14 and Puerto Rico have surpassed their pre-pandemic employment.

Tech Talkin’ Govs 2022: Innovation agendas from the governors’ State of the State addresses

The last of the governors have delivered their State of the State addresses. With 36 gubernatorial elections this fall, many governors appeared to be more conservative in their addresses this year, speaking more about past accomplishments rather than rolling out new programs. This week features comments from California, Louisiana, Nevada and Ohio’s governors as their addresses related to the innovation economy.

ISTC releases 2022 R&D Index

The Illinois Science & Technology Coalition (ISTC) released its 2022 R&D Index earlier this week. The 2022 R&D Index, which is one component of ISTC’s Illinois Innovation Index, assesses Illinois’s capacity for innovation and economic growth amid the COVID-19 pandemic. The last R&D Index released by ISTC was in 2019.

Useful Stats: Investment deals by size per state, 2012-2021

While the overall U.S. venture capital market has drawn headlines for record-breaking total investment levels in 2021, the story has been far different for smaller deals. Data currently suggests a decline in deals under $1 million, and only modest growth for deals under $5 million. The final data may tell a slightly different story,[1] but the level of activity at the smaller end of the spectrum is clearly quite different than what is driving market coverage. Of the $335 billion in angel, seed and venture capital deals PitchBook has identified for 2021, more than 10 percent went to deals of $1 billion or more and almost 60 percent to deals worth at least $100 million.

Workforce, industry clusters listed as top priorities under EDA’s Statewide Planning Grants

As the Economic Development Administration (EDA) continues to award its $3 billion allotment of pandemic relief funding made available by the American Rescue Plan Act of 2021 (ARPA), many states are taking aim at several specific areas of economic concern — while others are maintaining a broad perspective. Under the Statewide Planning, Research & Networks program (“planning grants”), EDA provides $1 million grants to states to use in forming coordinated state-wide plans for economic development as well as developing the data, tools, and capacity to evaluate and scale evidence-based economic development efforts. SSTI’s analysis of the funded projects’ brief descriptions shows that states were split between those focusing on broadly-scoped planning projects and those focusing on a few specific areas of interest.

Useful Stats: SSBCI allocations by category and state

This edition of SSTI’s Useful Stats examines the expected allocation of approximately $8.5 billion in State Small Business Credit Initiative (SSBCI) funding by state and allocation category based on the Department of the Treasury’s recent guidance update. For the first time, these allocation amounts include how much a state is receiving for the program’s new funds to support businesses owned and controlled by socially and economically disadvantaged individuals (SEDI).

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