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Displaying 1 - 21 of 21
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Budget deal supports innovation, research

Thursday, May 4, 2017

Congress has passed a budget for FY 2017 that largely continues support for federal innovation programs and R&D investments. Among the highlights are $17 million for Regional Innovation Strategies (a $2 million increase over FY 2016), level funding of $130 million for the Hollings Manufacturing Extension Partnership and $5 million for SBA’s clusters program. In reviewing dozens of line items, offices that had received significant cuts in the White House’s skinny budget appear to receive some of the largest funding increases (such as the Appalachian Regional Commission, Community Development Block Grant and ARPA-E). However, with the exception of multi-billion dollar increases for Department of Defense R&D, many increases are rather small in terms of overall dollars. This is, at least in part, a reflection of non-defense spending caps rising by only $40 million for FY 2017, limiting the availability of new funds. In this context, science and innovation gains are particularly impressive, with a five percent overall increase for federal R&D that particularly benefits NASA and NIH.

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Budget commentary: Status quo is a good start

Thursday, May 4, 2017

Both before and after the new administration released its budget plan, SSTI was communicating with both parties to identify how Congress would react to significant budget reductions. The message we heard was clear and consistent: Congress would continue to fund its existing priorities. The FY 2017 Omnibus shows that legislators were true to their word. Innovation policymakers and practitioners throughout the country should take a moment to appreciate this….

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Overview of the President's FY17 Federal Budget Request

Thursday, February 11, 2016

Earlier this week, President Obama released his final budget proposal, outlining $4.1 trillion in spending for federal agencies. Each year, SSTI reviews the president’s federal budget request for programs and spending related to entrepreneurship, regional innovation, economic development, manufacturing, research and development, technology commercialization, and STEM education and workforce training.

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Highlights from the President's FY17 National Science Foundation Budget Request

Friday, February 12, 2016

Estimated FY16 funding levels are used for NSF comparisons, unless otherwise noted.

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Highlights from the President's FY17 Department of Education Budget Request

Friday, February 12, 2016

Enacted FY16 funding is used for comparisons, unless otherwise noted.
The president’s FY17 proposed budget would allocate $69.4 billion in discretionary funding (1.6 percent increase) for the Department of Education. Priority areas addressed in the budget proposal include increasing equity and excellence in education, providing additional support for teachers and school leaders, and expanding access, affordability, and completion in higher education.  

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Highlights from the President's FY17 Department of Health and Human Services Budget Request

Friday, February 12, 2016

Enacted FY16 funding levels are used for comparisons unless otherwise noted.

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Highlights from the President's FY17 NASA Budget Request

Friday, February 12, 2016

FY16 enacted funding is used for NASA comparisons, unless otherwise noted.
Under the president’s FY17 budget request, NASA would receive $19 billion (1.6 percent decrease). For a number of programs, FY16 comparisons are unavailable because NASA’s FY16 operation plan has not been finalized. Priority items in the NASA budget include the development of technologies that make future space programs more affordable and capable, continued support for the Webb Telescope, and developments to catalyze growth in the American commercial space industry.

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Highlights from the President's FY17 Department of Labor Budget Request

Friday, February 12, 2016

Enacted FY16 funding is used for comparisons unless otherwise noted.
The president’s FY17 budget proposal would provide $12.8 billion in discretionary funding for the Department of Labor (DOL), a 4.9 percent increase from FY16. Priority items supported in the budget are apprenticeships, career navigation tools, and additional reforms recommended in the Workforce Innovation and Opportunity Act (WIOA).

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Highlights from the President's FY17 Environmental Protection Agency Budget Request

Thursday, February 11, 2016

Enacted FY16 funding is used for comparisons unless otherwise noted.

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Highlights from the President's FY17 Department of Commerce Budget Request

Thursday, February 11, 2016

Enacted FY16 funding levels are used for comparisons unless otherwise noted.

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Highlights from the President's FY17 Department of Energy Budget Request

Thursday, February 11, 2016

Enacted FY16 funding is used for comparisons unless otherwise noted.

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Highlights from the President's FY17 Department of the Interior Budget Request

Thursday, February 11, 2016

Enacted FY16 funding levels are used for comparisons unless otherwise noted.

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Highlights from the President's FY17 Department of the Treasury Budget Request

Thursday, February 11, 2016

Enacted FY16 funding levels are used for comparisons unless otherwise noted.

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Highlights from the President's FY17 Department of Transportation Budget Request

Thursday, February 11, 2016

Enacted FY16 funding is used for the Department of Transportation comparisons, unless otherwise noted.
The president’s FY17 budget request for the Department of Transportation (DOT) totals $98.1 billion (35.5 percent increase), including a vision to build a clean transportation system for the 21st century. Notable investments in research and development from the Department of Transportation include:

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Highlights from the President's FY17 Department of Housing and Urban Development Budget Request

Thursday, February 11, 2016

Estimated FY16 funding is used for comparisons unless otherwise noted.
The president’s FY17 budget request for the Department of Housing and Urban Development (HUD) is $48.9 billion, a 4 percent increase. Priority funding items within HUD include rental housing assistance, ending homelessness, supporting tribal communities, and improving mobility for low-income families.

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Highlights from the President's FY17 Regional Commissions Budget Request

Thursday, February 11, 2016

The president’s FY17 budget proposal includes requests for four regional commissions, which work to develop the economies of economically distressed regions. 

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Highlights from the President's FY17 Small Business Administration Budget Request

Thursday, February 11, 2016

Enacted FY16 funding levels are used for comparisons unless otherwise noted.

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Highlights from the President's FY17 Department of Agriculture Budget Request

Thursday, February 11, 2016

Estimated FY16 funding levels are used for comparisons unless otherwise noted.

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Highlights from the President's FY17 Department of Defense Budget Request

Thursday, February 11, 2016

Enacted FY16 funding is used for comparisons unless otherwise noted.

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Highlights from the President's FY17 Department of Homeland Security Budget Request

Thursday, February 11, 2016

Enacted FY16 funding is used for comparisons unless otherwise noted.

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Highlights from the President's FY17 Department of Justice Budget Request

Thursday, February 11, 2016

Enacted FY16 funding is used for comparisons unless otherwise noted.
The Department of Justice (DOJ) would receive $29 billion in FY17 discretionary funding under the president’s budget request, a 1 percent increase.

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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.
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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.” 
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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. 
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