SSTI Releases New Publication
Digest readers may have noticed in our headlines over the past few months that state efforts to improve their economic standing through science and technology are undergoing a tremendous period of growth and expansion. While state S&T programs have been in existence since the 1950s, most activity occurred in the early 1980s and early 1990s during severe economic downturns. The activity of the last 15 months rivals that of the early 1980s and will in all likelihood ultimately surpass it.
SSTI Website Changes
SSTI has added two new features to our web site to make your visits easier. Both are free services from Mind-It.com. First, a site search engine has been added to our home page http://www.ssti.org allowing quicker browsing and researching.
People
The Ohio Business Alliance for Higher Education and the Economy named Reginald Wilkinson to serve as its executive director.
SSTI Releases USIP Study of State SBIR Programs
A new report by SSTI finds that 48 states have some structured SBIR promotion or assistance effort underway. States spent $8 million in FY 1998 to promote involvement and encourage success in the federal SBIR program. These are among the findings reported in State and Federal Perspectives on the SBIR Program.
DIGEST CELEBRATES #150 WITH READERS SURVEY
Last week's issue of the SSTI Weekly Digest was our 150th since beginning the publication on March 1, 1996. Since that time, the Digest has grown more sophisticated in its news coverage and value largely due to the input we receive from our readers. Accompanying this week's issue of the Digest in a separate e-mail is a short survey that we hope you will complete and send back to us. [NOTE: survey is not included with the arcvhive version of the Digest.]
NASA CENTER RENAMED
NASA Lewis Research Center, located in Ohio, has been renamed the "John H. Glenn Research Center at Lewis Field" to honor the contributions John Glenn has made in American space history.
SSTI is Moving!
As of January 6, 1999, our new address will be:
5039 Pine Creek Dr.
Westerville OH 43081
Our new phone: 614/901-1690
Our new fax: 614/901-1696
Publisher's Note: Digest Change in January
To continue to bring you the SSTI Weekly Digest, we will offer the Digest only through paid subscriptions, effective January 8, 1999.
SSTI CONFERENCE A SUCCESS
The State Science and Technology Institute 1998 Annual Conference, "Science & Technology Programs: Catalysts for Economic Growth," was a success with over 100 S&T professionals from 30 states and the District of Columbia attending. The conference, which was held in
Conference Reminder
Just a reminder that early registration for SSTI's Second Annual Conference, Science and Technology Programs: Catalysts for Economic Growth, are due August 31. The conference will be held September 24 & 25 in Columbus, Ohio. Full details can be found on SSTI's home page at www.ssti.org or by calling SSTI at 614/421-SSTI (7784).
DIGEST TAKES A VACATION
During the month of August, the SSTI Weekly Digest will be published every other week. The Digest will be published August 14 and August 28. It will resume weekly publication September 4.
SSTI SPONSORS SECOND ANNUAL CONFERENCE
The State Science and Technology Institute is sponsoring its second annual conference "Science and Technology Programs: Catalysts for Economic Growth" on September 23 and 24.
The conference will explore best practices, trends, and new developments in technology-based economic development programs.
The conference program includes the following sessions:
SMALL BUSINESS PERSON OF THE YEAR NAMED
Ross Youngs, president of Univenture, Inc. of Columbus, Ohio, has been named the National Small Business Person of the Year. Youngs was selected from a field of 53 Small Business Administration (SBA) small business winners representing the fifty states, the District of Columbia, Puerto Rico, and Guam.
Universities as Catalysts for Economic Growth Workshop
The National Business Incubation Association (NBIA) is sponsoring a workshop entitled "Building University Engines for Academic Excellence, Technology Commercialization and Entrepreneurship." The workshop will he held on May 30, 1998 in Philadelphia, PA.
Workforce development key to state economic development initiatives
A report on employment trends from hiring firm Robert Half found that 2020 presents greater challenges for employers looking to expand their workforce as the country’s labor market is near full employment and job openings remain at high levels.
States launching innovation initiatives across the country
Proving that innovation is appealing to states regardless of their size or political leanings, new initiatives in both Democratic and Republican states, as well as large states like California and small states like Vermont, are driving innovation agendas into action in areas ranging from clean energy and aid for students and colleges, to new venture capital investments and bond financing to support business collaborations with higher education to help translate cutting-edge research into products and companies.
States address workforce issues pushed to forefront by pandemic
Faced with the sudden, unprecedented fallout from the COVID-19 pandemic, Gov. Ned Lamont last month launched a new resource to provide workers and businesses in Connecticut with career tools, including partnering with Indeed and workforce training providers.
State actions in 2019: Opportunity Zones
In 2019, the administrations and legislatures in many states grappled with if and how to adjust state economic development initiatives to leverage the federal Opportunity Zone (OZ) program. The actions of 12 states that implemented new activities are described below.
Universities launch incubators, accelerators and funds in 2019
Universities frequently play an integral role in providing activities, research, and products that positively affect or support local, regional, state and national economic development or strategic goals. In higher-education’s efforts to align its participation in innovation and entrepreneurship systems, universities’ incubators, accelerators and fund programs are essential in assisting their faculty, staff, or students in the services and support needed to create startups, bring products to market, or provide critically needed funding.
Tech Talkin’ Govs 2020: AZ, CO, NJ, NY, VT spotlight climate, higher ed, rural and workforce proposals
Governors are continuing to roll out their state of the state addresses and this week’s SSTI review highlights differences in the states economies: while Arizona is enjoying population growth Vermont is struggling to attract workers. More states are focusing proposals on climate change and clean energy initiatives, with New York proposing a $3 billion bond initiative to build resiliency, and Colorado, New Jersey and Vermont proposing clean energy and climate initiatives as well. Rural broadband, higher education and workforce initiatives also are throughout the state addresses.
States dealt blow with pandemic
In general, the effect of the pandemic on states’ budgets due to the wave of business, retail, and commerce shutdowns, as well as other reduced economic activity across the nation, is not entirely known, or too early to forecast; however, a number of states are beginning to experience the initial impacts of a substantial downturn. With several states having already enacted their 2020-21 budgets, special sessions are expected later this year to deal with declining revenues. Others ended sessions early without a new fiscal year spending plan in place.
Manufacturing wage growth supporting Appalachian economy
Earnings for Appalachian manufacturing workers grew 3.4 percent from 2012 through 2017 to an average of $63,583. The growth is in the Appalachian Regional Commission’s Industrial Make-up of the Appalachian Region, 2002-2017, which reviews employment and wages by sector across the region. Appalachian workers overall saw earnings increase by 3.7 percent over the five years.
Workforce programs receiving state attention
As the month of September marks national Workforce Development Month, states around the country continue to forge ahead with programs and initiatives to help train the workforce and attract more workers to open positions. This article highlights two new reports out that detail state efforts in various workforce programs, as well as calling out several new or proposed programs in Ohio, Vermont and Arizona that are designed to increase and develop the workforce in each of those states.
States’ fiscal picture improves with growing economy
The ability of states to deliver the services promised to its residents relies on their fiscal soundness. With most states beginning their fiscal year in July, SSTI has reviewed the current fiscal standing for each state and here presents a snapshot of our findings.
The ability of states to deliver the services promised to its residents relies on their fiscal soundness. With most states beginning their fiscal year in July, SSTI has reviewed the current fiscal standing for each state and here presents a snapshot of our findings.
Most states ended their fiscal year with a surplus and continue to recover from the Great Recession, with a growing economy and job gains. However, they face continuing demands on their budgets, with expanded Medicaid payments and the growing opioid crisis confronting nearly every state. Such decisions affect the state’s ability to fund innovation efforts, from the amount of support available for higher education and STEM programs, to funding for entrepreneurship, and forging public private partnerships to strengthen innovation programming that the private sector cannot fully support.
Our analysis found that some states that rely on the energy sector to fund their spending priorities continue to struggle, while others are already factoring in anticipated revenues as a result of new Supreme Court rulings involving gaming and online sales tax collections.
Sustained Commitment Results in Significant Impact
State and regional innovation programs continue to encourage significant economic growth across the country. The most recent example of the impact programs are having comes from JumpStart, a Cleveland-based venture development organization, which recently released its 2018 economic impact report. It found that companies in Ohio and New York fostered by JumpStart generated more than $1 billion in economic impact. This increased the cumulative JumpStart total to $6.6 billion since 2010.