Connecticut's General Assembly approved a biennial budget that includes major increases for science and technology research and education at the University of Connecticut and a boost in funding for the state's others higher education institutions. The $44 billion budget also includes continued funding for the state's economic development programs.
As Congress considers comprehensive immigration reform, policymakers are debating the effect of high-skilled immigration on the U.S. economy. Amidst the fervent discussion, the question has been raised of whether or not there is a shortage of domestic high-skilled workers, especially those in the field of science, technology, engineering and math; a question that now is being fiercely debated by two renowned policy groups. Researchers from the Economic Policy Institute (EPI) recently made the claim that the U.S. has a sufficient supply of workers to fill the demand of STEM occupations.
Amid a national economic recovery, city officials report a recent and persistent skills gap that may signal structural challenges and present serious barriers to sustained growth for metros. Nearly nine in 10 city officials (88 percent) note that workforce alignment has not improved over the past year, according to a recent survey on city fiscal conditions from the National League of Cities (NLC).
A recent report from Brookings suggests that, for a variety of reasons, the value of a traditional four-year degree is diminishing. At the same time, U.S. employers continue to reference a general lack of employable skills as a major obstacle to employment growth. Across the country, regions are using new, innovative approaches to develop their local workforce while also educating students to compete in a 21st century global economy.
With a continued push toward regionalism to better support the state's high-tech platform, lawmakers approved in the FY14 budget startup funding for a new statewide incubator program that provides grants for the incubators and tax incentives for client companies. The initiative is part of Gov. Andrew Cuomo's planned expansion for the state's 10 regional councils.
Over the last month, Gov. Scott Walker has slowly rolled out a series of ambitious proposals ranging from $25 million for venture capital investment to $100 million for worker training and nearly $500 million in new state funds for public education. Together, these and other broad-ranging initiatives make up the $68 billion 2013-15 biennial budget unveiled in its entirety yesterday.
Following up on an announcement made in September, the Citizen and Immigration Ministry of Canada will launch a new visa program on April 1 to recruit innovators and entrepreneurs to the country. The Start-Up Visa Program will connect immigrant entrepreneurs with organizations who will be able to provide services and expertise to these entrepreneurs to help create startup businesses.
Revolutionizing STEM facilities, hiring new faculty, increasing undergraduate enrollment and even planning new dorms to house the anticipated influx of new students are part of Gov. Dan Malloy's proposed $1.5 billion expansion and investment in the University of Connecticut (UConn).
While Congress remains in deadlock over another looming budget crisis, there is bipartisan movement on national immigration reform. Last week, a bipartisan group of senators introduced the Immigration Innovation Act of 2013 that focuses on reforming immigration law for high-skilled workers and promoting U.S. global leadership in innovation.
Upbeat revenue forecasts and shared economic principles have Republican governors in four states requesting more funds for higher education tied to performance metrics or workforce outcomes. Recent budget proposals introduced in Florida, Ohio, Pennsylvania and Texas focus on competing for talent and jobs through efforts to encourage STEM learning and teaching and incentivizing outcomes such as graduating more students in high-demand fields, conducting research and more. College affordability is addressed through measures that would freeze tuition or cap increases.