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Efforts underway in the states to capitalize on CHIPS funding

Thursday, September 8, 2022

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.

  • Read more about Efforts underway in the states to capitalize on CHIPS funding

Pennsylvania economy gets big boost from Ben Franklin Technology Partners

Thursday, April 27, 2023

Despite being hit with a recession brought on by the COVID-19 pandemic, the latest 5-year impact report from Ben Franklin Technology Partners (BFTP) shows even higher growth than the previous five years.

  • Read more about Pennsylvania economy gets big boost from Ben Franklin Technology Partners

Pennsylvania governor awards $246 million for small businesses through SSBCI

Thursday, September 15, 2022

Gov. Tom Wolf awarded $246.8 million to Pennsylvania local economic development partners through the State Small Business Credit Initiative (SSBCI) this week. The money is expected to help small, socially and economically disadvantaged businesses grow. The Pennsylvania Department of community and Economic Development (DCED) will distribute the funds to partners who will administer the funding to qualifying businesses.

  • Read more about Pennsylvania governor awards $246 million for small businesses through SSBCI

21 Build Back Better Regional Challenge winners announced

Thursday, September 8, 2022

In what is being heralded as one of the most impactful regional economic development initiatives in decades, 21 coalition winners — including three SSTI members as coalition leads — of the $1 billion Build Back Better Regional Challenge have been announced. Each of the awardees will receive between $25 million and $65 million to fund 123 projects designed to advance economies across 24 states.

  • Read more about 21 Build Back Better Regional Challenge winners announced

NSF’s Regional Innovation Engines program releases info on all concept outlines, sets Type-2 award deadlines

Thursday, July 28, 2022

The National Science Foundation (NSF) is breaking with tradition this week and for the first time released application data before it formally accepts applications for the NSF Engines program, which will provide up to $160 million of funding for up to 10+ years to establish each regional-scale innovation ecosystem Engine.

  • Read more about NSF’s Regional Innovation Engines program releases info on all concept outlines, sets Type-2 award deadlines

NSF launches Regional Innovation Engines program developed to stimulate regional economic growth and innovation

Thursday, May 5, 2022

To expand the innovation capacity in the nation, the United States needs to leverage resources, creativity, and ingenuity from across all geographic regions. The National Science Foundation this week announced a new program in support of these efforts: the NSF Regional Innovation Engines, or NSF Engines program.

  • Read more about NSF launches Regional Innovation Engines program developed to stimulate regional economic growth and innovation

SSTI partners with NSF to bring you latest in funding, entrepreneurial support

Thursday, August 15, 2019

We are excited to be partnering with NSF during SSTI’s Annual Conference, Sept.9 through 11 in Providence, Rhode Island, to bring you the latest information and ideas on SBIR/STTR and university/industry partnerships.

  • Read more about SSTI partners with NSF to bring you latest in funding, entrepreneurial support

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Recent news from the SSTI Digest

Recent Research: What makes place-based economic development policies work?

Wednesday, September 9, 2026
Place-based economic development is back near the center of federal policy, from Opportunity Zones to the CHIPS and Science Act. That renewed attention comes with a familiar problem: decades of enterprise zones, tax incentives, infrastructure investments, and other geographically targeted programs have produced results that are hard to summarize cleanly. In a new NBER working paper, Matthew Freedman and David Neumark ask the better question: not simply whether or not these policies work, but under what conditions they might work, for whom, and why. Their review points to a practical conclusion: policy design matters and targeting a distressed community with development-focused financial incentives is rarely enough on its own.
economic development

A BBBRC grant builds momentum for a highly trained semiconductor workforce

Wednesday, September 9, 2026
For the civic leaders of Osceola County, the Great Recession of 2008 made clear that they could not base their economy so heavily on travel and tourism. By the time COVID-19 hit in 2020, they knew the steps they had taken to diversify their economy were the right ones. When the Build Back Better Regional Challenge (BBBRC) opportunity arose in 2021, the county and its partners were well-positioned to operationalize the benefits the grant presented to the region and create a trained workforce for a recently attracted semiconductor industry. How did Osceola County get here? There are potential approaches to emulate by more areas of the county dependent on low-wage sectors like tourism or, for that matter, extraction-focused regions subject to “boom and bust.” 
semiconductors
workforce

The impact of tax incentives on early-stage company investment varies

Wednesday, September 9, 2026
One persistent question in economic development policy is how incentives impact private sector investment decisions. Recent and ongoing research from Murillo Campello and Guilherme Junqueira of the University of Florida, published in the National Bureau of Economic Research working paper series, explores the impact of the Qualified Small Business Stock (QSBS) program on venture capital risk-taking. The researchers found that the availability of QSBS tax benefits strongly influences venture capital investment behavior, specifically in traditionally structured venture capital funds. They also found no similar behavior among angel or corporate investors, an insight that may hold important program design and policy lessons for the TBED community. 
tax incentives
investing
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