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OSTP Estimates STEM Spending in Proposed FY15 Budget Totals $2.9B

Tuesday, April 8, 2014

A progress report from the White House Office of Science and Technology Policy (OSTP) provides a useful overview of the Obama administration’s ongoing STEM efforts and the roster of STEM initiatives included in the president’s FY15 budget request. Under the proposed budget, federal spending on STEM education would reach $2.9 billion in FY15, a 3.7 percent increase over FY14 funding as enacted.

  • Read more about OSTP Estimates STEM Spending in Proposed FY15 Budget Totals $2.9B

Highlights from the President's FY15 Department of Agriculture Budget Request

Thursday, March 6, 2014

The president’s FY15 budget request would provide $23.7 billion (12 percent decrease) in discretionary funding for the Department of Agriculture (USDA). The proposed budget would launch three new multidisciplinary agricultural research institutes dedicated to crop science, advanced biobased manufacturing, and anti-microbial resistance research, and double funding for rural broadband access. Through the president’s Opportunity, Growth, and Security Initiative, additional funding would be provided for natural resource conservation programs and the construction of a new national biosafety research laboratory.

  • Read more about Highlights from the President's FY15 Department of Agriculture Budget Request

Highlights from the President's FY15 Department of Health and Human Services Budget Request

Thursday, March 6, 2014

The administration’s FY15 budget request for the Department of Health and Human Services (HHS) is $77.1 billion in discretionary spending, reflecting a 1.6 percent decrease from FY14 enacted funding levels. Discretionary spending accounts for only 7.5 percent of the total proposed HHS budget. Mandatory spending for programs like Medicare, Medicaid and the Children’s Health Insurance Program account for the balance. Total FY14 budget authority for HHS would be $1 trillion (6 percent increase over FY14 enacted).

  • Read more about Highlights from the President's FY15 Department of Health and Human Services Budget Request

Highlights from the President's FY15 Department of Housing and Urban Development Budget Request

Thursday, March 6, 2014

The president’s FY15 budget request for the Department of Housing and Urban Development (HUD) is $47.7 billion, a 2.6 percent increase. The administration’s Growth, Opportunity and Security Initiative proposes $280 million for HUD to support comprehensive revitalization in high-poverty neighborhoods and for the Promise Zones Initiative.

  • Read more about Highlights from the President's FY15 Department of Housing and Urban Development Budget Request

Highlights from the President's FY15 Environmental Protection Agency Budget Request

Thursday, March 6, 2014

The president’s FY15 budget request of $7.9 billion for the Environmental Protection Agency (EPA) reflects a 3.8 percent decrease from FY14 enacted. However, funding for science and technology programs would increase by 0.6 percent under the budget proposal. Priority funding areas for EPA R&D in FY15 include research in potential endocrine disrupting chemicals, human health risk assessment, air quality, sustainable approaches to environmental protection, and safe drinking water.

  • Read more about Highlights from the President's FY15 Environmental Protection Agency Budget Request

Highlights from the President's FY15 Small Business Administration Budget Request

Thursday, March 6, 2014

The administration’s FY15 budget request for the Small Business Administration (SBA) is $710 million. Of this amount, $47.5 million is for business loan subsidy and $197.8 million is for non-credit programs. Through the Opportunity, Growth and Security Initiative the administration also proposes public-private investment funding to support the scaling-up of new advanced manufacturing firms into full-scale commercial production.

  • Read more about Highlights from the President's FY15 Small Business Administration Budget Request

Highlights from the President's FY15 National Science Foundation Budget Request

Thursday, March 6, 2014

The president’s FY15 budget proposal for the National Science Foundation (NSF) would provide $7.3 billion (1.2 percent increase). Of that amount, $5.8 billion (no change) would be designated for research and related activities, $200.8 million (0.4 percent increase) for R&D facilities and equipment, and $889.8 million (5.2 percent increase) for education and training. Nearly 90 percent of NSF funding is awarded through a merit review process that includes distribution of grants and cooperative agreements.

  • Read more about Highlights from the President's FY15 National Science Foundation Budget Request

Highlights from the President's FY15 NASA Budget Request

Thursday, March 6, 2014

The president’s FY15 budget request for NASA totals $17.5 billion in discretionary funding and prioritizes research and development that has the potential to bolster long-term space exploration. Major priorities of the proposed budget include extending the life of the International Space Station to 2024 and institutionalizing partnerships with the commercial space industry.

  • Read more about Highlights from the President's FY15 NASA Budget Request

Highlights from the President's FY15 Department of Homeland Security Budget Request

Thursday, March 6, 2014

The administration’s FY15 budget request for the Department of Homeland Security (DHS) is $38.2 billion (2 percent decrease) in non-disaster, net discretionary funding, excluding disaster relief funding. The proposed budget includes funding for major asset acquisitions, including $300 million for completing the construction of the National Bio- and Agro-Defense Facility. The proposed budget also includes $549 million to support the EINSTEIN intrusion, detection, and prevention cybersecurity system.

  • Read more about Highlights from the President's FY15 Department of Homeland Security Budget Request

Highlights from the President's FY15 Department of Energy Budget Request

Wednesday, March 5, 2014

The administration’s FY15 budget request in discretionary funding for the Department of Energy (DOE) is $27.9 billion (1 percent decrease from FY14), of which $12.3 billion would support R&D (8.4 percent increase) and $4.2 billion would support investment in the Department’s applied energy sector programs to drive an “all-of-the-above” approach to energy sector innovation. The proposed budget would provide substantial increases for funding advanced manufacturing and clean energy R&D.

  • Read more about Highlights from the President's FY15 Department of Energy Budget Request

Highlights from the President's FY15 Department of Defense Budget Request

Wednesday, March 5, 2014

The FY15 budget request for the Department of Defense (DOD) would provide $495.6 billion (0.1 percent decrease) in discretionary base funding. DOD is proposing a strategic rebalance to the Asia-Pacific region as the war in Afghanistan nears an end, while also maintaining a military presence and engagement with allies and partners in the greater Middle East. The budget supports this adjustment and makes strategic investments in areas identified as priorities, such as increasing security challenges and opportunities in cyberspace, continuing to invest in R&D to feed innovation in both the military and civilian sectors, and combating terrorism.

  • Read more about Highlights from the President's FY15 Department of Defense Budget Request

Highlights from the President's FY15 Department of Education Budget Request

Wednesday, March 5, 2014

The FY15 budget request for the Department of Education (ED) totals $68.6 billion (1.9 percent increase) in total discretionary funding. An overhaul of P-12 STEM education programs and a ConnectED initiative providing next-generation broadband and high-speed wireless network support to students and teachers are among the new proposals.

  • Read more about Highlights from the President's FY15 Department of Education Budget Request

Highlights from the President's FY15 Department of Interior Budget Request

Wednesday, March 5, 2014

The administration’s FY15 budget request for the Department of the Interior (DOI) would provide $11.7 billion (0.3 percent increase) in discretionary funding. DOI would receive $888.7 million (7.3 percent increase) for research and development activities. Of the proposed R&D budget, $94.8 million (3.5 percent increase) would be allocated to DOI’s Powering Our Future initiative, which supports renewable energy projects on federal lands and waters.

  • Read more about Highlights from the President's FY15 Department of Interior Budget Request

Highlights from the President's FY15 Department of Justice Budget Request

Wednesday, March 5, 2014

The Department of Justice (DOJ) would receive $27.4 billion in FY15 discretionary funding under the president’s budget request, a 0.4 percent increase.

  • Read more about Highlights from the President's FY15 Department of Justice Budget Request

Highlights from the President's FY15 Department of Transportation Budget Request

Wednesday, March 5, 2014

The president’s FY15 budget request for the Department of Transportation (DOT) totals $90.8 billion (25.7 percent increase), including the first installment of $73.6 billion for a $302.3 billion four-year surface transportation reauthorization proposal that would improve U.S. surface transportation systems. DOT would be allocated $865 million to support research and development (R&D) efforts across the department. Several administrations under DOT would see limited change in their R&D budgets. Funding for various research and development initiatives include:

  • Read more about Highlights from the President's FY15 Department of Transportation Budget Request

Highlights from the President's FY15 Department of Treasury Budget Request

Wednesday, March 5, 2014

The administration’s FY14 request for the Department of the Treasury’s domestic programs is $13.8 billion (9.2 percent increase). Under the proposed budget, Treasury would continue to fund programs focused on economic development, small business support, and job creation.

  • Read more about Highlights from the President's FY15 Department of Treasury Budget Request

Highlights from the President's FY15 Department of Commerce Budget Request

Wednesday, March 5, 2014

The president’s FY15 budget request for the Department of Commerce (DOC) totals $8.8 billion in discretionary funding (6.9 percent increase over FY14 enacted), with increased funding for most agencies and programs related to research, technology transfer, advanced manufacturing and regional economic development. The department would play a key role in the administration’s Opportunity, Growth and Security Initiative (OGSI), managing the planned expansion of the National Network of Manufacturing Innovation (NNMI) to include 45 institutes over the next 10 years.

  • Read more about Highlights from the President's FY15 Department of Commerce Budget Request

Overview of the President's FY15 Federal Budget Request

Monday, March 3, 2014

While President Obama’s FY15 budget request is unlikely to find much support in Congress this year, the document has traditionally served as a useful guide to the administration’s priorities and to federal programs related to research, regional economic development, manufacturing, entrepreneurship and STEM education.

  • Read more about Overview of the President's FY15 Federal Budget Request

Useful Stats: Federal Funds for R&D Spending by State, FY10

Wednesday, July 24, 2013

The National Science Foundation (NSF) has conducted a Survey of Federal Funds for Research and Development for fiscal years 2010-12. In total, federal R&D obligations were $144.7 billion in FY10. The top state recipients, in absolute terms, are California ($28.3 billion, representing 19.6% of the national total), Maryland ($17.0 billion, 11.8%), Virginia ($9.3 billion, 6.4%), Massachusetts ($8.9 billion, 6.1%), and Texas ($7.3 billion, 5.0%).

  • Read more about Useful Stats: Federal Funds for R&D Spending by State, FY10

Federal Aid to States Will be Cut by $5.1 billion in FY13, According to Study

Wednesday, June 5, 2013

The current federal FY13 budget under sequestration will reduce the funding level for state aid by $5.1 billion from FY12, according to the study by the Economic Policy Institute, a nonprofit think tank focusing on low- and middle-income labor and economic policy.

  • Read more about Federal Aid to States Will be Cut by $5.1 billion in FY13, According to Study

FY14 Federal Budget Request Overview

Wednesday, April 17, 2013

Each year, SSTI provides Digest readers with a comprehensive review of technology-based economic development spending in the the president's federal budget request. The year's edition includes proposed FY14 spending on R&D, STEM education, manufacturing, broadband, small business support, technology transfer, entrepreneurship, innovation workforce initiatives and more.

The full report is available for download in pdf format (626 kb).

  • Read more about FY14 Federal Budget Request Overview

Defense, Health Lead in Federal R&D Funding

Wednesday, August 1, 2012

The National Science Foundation (NSF) has released a breakdown of federal research and development (R&D) funding by research area. The report includes FY10 spending, FY11 preliminary spending levels and proposed FY12 levels. In 2010, national defense led the list of research priorities, receiving 59 percent of all U.S. R&D spending. Health research captured another 21.5 percent of spending. NSF provides tables for each research area that separate spending by federal agency and program.

  • Read more about Defense, Health Lead in Federal R&D Funding

U.S. House and Senate Subcommittees Consider FY13 Funding for Commerce, NASA, NSF

Wednesday, April 18, 2012

This week, both the U.S. House and the Senate Appropriations Subcommittees on Commerce, Justice, Science and related agencies (CJS) approved FY13 funding legislation supporting several key TBED agencies.

  • Read more about U.S. House and Senate Subcommittees Consider FY13 Funding for Commerce, NASA, NSF

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

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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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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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