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Clean energy jobs will require workforce transition

Thursday, April 25, 2019

Earth Day has evolved from environmental consciousness raising in its beginnings in the early 1970s to this year’s celebration surrounded with climate change concerns and development of the clean energy industry.  A recent report from the Brookings Institution shows more discussion needs to happen around the types of workers, activities and skills that will be needed in the clean energy industry, and how those efforts can be more inclusive.

Earth Day has evolved from environmental consciousness raising in its beginnings in the early 1970s to this year’s celebration surrounded with climate change concerns and development of the clean energy industry..  A recent report from the Brookings Institution shows more discussion needs to happen around the types of workers, activities and skills that will be needed in the clean energy industry, and how those efforts can be more inclusive. Transitioning to a clean energy economy will involve 320 unique occupations spread across clean energy production, energy efficiency and environmental management, the authors found. The report highlights the fact that those workers earn higher and more equitable wages compared to all workers nationally, and many of those occupations tend to have lower educational requirements.

  • Read more about Clean energy jobs will require workforce transition

BFTP programs boost PA economy by $4.1 billion over five years

Thursday, January 10, 2019

An independent economic analysis of the Ben Franklin Technology Partners reveals its impact on Pennsylvania’s economy — boosting the overall economy by $4.1 billion between 2012 and 2016, helping to create 11,407 high-paying jobs and generating $385 million in tax receipts for the state. Because the jobs were created in industries that pay 52 percent higher than the average nonfarm salary in Pennsylvania, the impact on the state’s GSP was greater, according to the report.

  • Read more about BFTP programs boost PA economy by $4.1 billion over five years

New report urges consistency from higher ed on job placement rates

Thursday, December 20, 2018

A new report from The Institute for College Access and Success (TICAS) released last week describes the misleading perceptions resulting from employment rates used by the three entities tasked with oversight of the U.S. higher education system and proposes two specific measurements that could better inform student choices.

  • Read more about New report urges consistency from higher ed on job placement rates

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Following SSTI’s recent look at the timing and type of exits, we continue our look at investment activity to characterize returns on investments so that TBED investors can more accurately project and adjust program parameters to support long-term sustainability. Accurate data on venture capital investment returns and fund performance on private investment vehicles is not readily or consistently available. Anecdotal stories  and the occasional press release on a major transaction exist, but VC exits are often done quietly. As such, parties interested in understanding performance outcomes must rely on focused reports and other aggregate data. 
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