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  • weekly_digest (303)
Displaying 251 - 275 of 303
Authored on

New $30M Fund Established to Help Connecticut Manufacturers Modernize

Wednesday, May 21, 2014

Lawmakers included $30 million in the recently enacted FY15 budget to establish a fund to help smaller manufacturers modernize and grow with priority given to companies located in the state’s 42 communities designated as historic manufacturing hubs. The budget also increases by $100 million the bond authorization for the Manufacturing Assistance Act, a program for larger companies that provides incentive-driven direct loans for projects with strong economic development potential. The proposals were part of Gov. Dan Malloy’s workforce development agenda outlined earlier this year.

  • Read more about New $30M Fund Established to Help Connecticut Manufacturers Modernize

MA Continues to Lead U.S. in Progress Toward ‘New Economy,’ According to ITIF

Wednesday, June 11, 2014

Massachusetts continues to reign as the U.S. state best prepared to meet the challenges of the current and future global economy, according to the sixth edition of the Information Technology and Innovation Foundation’s (ITIF) State New Economy Index.

  • Read more about MA Continues to Lead U.S. in Progress Toward ‘New Economy,’ According to ITIF

Manufacturing Resurgence Attracts Attention of State Legislatures

Thursday, June 26, 2014

The recent uptick in U.S. manufacturing activity, along with the attention generated by additive manufacturing and the Makers movement, has led to an increase in state initiatives to help cash in on this growth. In recent months, New York, Connecticut, Maryland, and Arizona have all taken steps to build stronger manufacturing sectors through research collaborations, grants and tax credits. Leaders in Colorado and New Jersey have pursued their own cluster-specific efforts to build stronger high-tech industries.

  • Read more about Manufacturing Resurgence Attracts Attention of State Legislatures

Public, Private Sector Entities Announce Initiatives to Connect Globally

Thursday, July 24, 2014

As the world becomes more globally connected, both public and private entities have turned their attention to foreign markets in the hopes of spurring innovation, capital creation, and economic prosperity. Whether their effort is developing international business partnerships, attempting to attract foreign direct investment (FDI), investing in startups, or taking advantage of international demand, the entities establishing these initiatives view long-term economic success for both firms and regions as dependent upon entering the global market place.

  • Read more about Public, Private Sector Entities Announce Initiatives to Connect Globally

MI and VA see increases in TBED budget, while MA Gov vetoes some line items

Thursday, July 20, 2017

Funding for TBED programs took a hit under Massachusetts Gov. Charles Baker, who vetoed millions of dollars in programs that the legislature had approved in the FY 2018 state budget. Michigan programs fared better with funding maintained to diversify the state’s economy and funding for entrepreneurship ecosystems getting a boost. And in Virginia, after a messy budget process addressing an addendum to its biennial budget, many innovation programs saw increases.

Massachusetts

Funding for TBED programs took a hit under Massachusetts Gov. Charles Baker, who vetoed millions of dollars in programs that the legislature had approved in the FY 2018 state budget. Michigan programs fared better with funding maintained to diversify the state’s economy and funding for entrepreneurship ecosystems getting a boost. And in Virginia, after a messy budget process addressing an addendum to its biennial budget, many innovation programs saw increases.

  • Read more about MI and VA see increases in TBED budget, while MA Gov vetoes some line items

MA Gov proposes $500M for life sciences

Thursday, June 29, 2017

Massachusetts Gov. Charlie Baker announced a legislative proposal that would provide $500 million over five years for the life sciences sector, extending the state’s commitment to the biotech and medical technology industry. The money would be used for strategic investments in public infrastructure, research and development, workforce training and education.

  • Read more about MA Gov proposes $500M for life sciences

Tech Talkin’ Govs, Part I: AR, AZ, CT, IA, ID, IN, KS, ND, SD, VT, WI - workforce, education top concerns

Thursday, January 12, 2017

SSTI again presents its latest round of Tech Talkin’ Govs, where governors’ comments about TBED issues are excerpted from their state of the state and inaugural addresses. Today’s roundup includes STEM spending and workforce development in Idaho, education in Arizona, manufacturing in Connecticut and a nod to technological change in North Dakota, inaugural addresses from new governors in Vermont and Indiana, and more reports from governors who gave their addresses on the 10th. Next week the Digest will continue with Part II of Tech Talkin’ Govs featuring news from the next round of addresses.

  • Read more about Tech Talkin’ Govs, Part I: AR, AZ, CT, IA, ID, IN, KS, ND, SD, VT, WI - workforce, education top concerns

CT, WI sign budgets following difficult negotiations

Thursday, November 2, 2017

Connecticut and Wisconsin both ended their protracted budget negotiations with the governors signing budgets in late September and late October. Faced with budget constraints and uncertainty about the spending plan, Connecticut’s funding for economic and community development is decreasing along with funding for the state’s MEP center and Manufacturing Supply Chain program, with no general funds provided for them in the second year of the biennium.

Connecticut and Wisconsin both ended their protracted budget negotiations with the governors signing budgets in late September and late October. Faced with budget constraints and uncertainty about the spending plan, Connecticut’s funding for economic and community development is decreasing along with funding for the state’s MEP center and Manufacturing Supply Chain program, with no general funds provided for them in the second year of the biennium. Wisconsin appears to be maintaining its status quo on TBED-related initiatives and has increased funding to universities that increase enrollments for “high-demand” degree programs, making $5 million available on a competitive basis.

  • Read more about CT, WI sign budgets following difficult negotiations

MA Lawmakers Pass Economic Development Bill, Awaits Gov Approval

Thursday, August 7, 2014

On August 1, the Massachusetts lawmakers enacted a comprehensive economic development bill (H.4377). The bill currently awaits Gov. Deval Patrick’s approval. Per state law, Gov. Patrick has until August 14 to sign the bill, 10 days after he received it. The approved bill that received unanimous approval by the Massachusetts state Senate was passed as a comprise package between two bills proposed in the Senate and House.

  • Read more about MA Lawmakers Pass Economic Development Bill, Awaits Gov Approval

Annual Reports Highlight Tech Commercialization Successes

Thursday, November 13, 2014

Three research-focused economic development organizations have released reports over the course of the last month detailing their progress in supporting economic growth, innovation, and beyond. The University of Massachusetts, the Georgia Research Alliance, and the Virginia Center for Innovative Technologies each use a different approach to measure their success and to communicate their impact to external stakeholders. The variety of releases demonstrates the range of approaches that organizations use to provide useful data in a format that attracts attention to their achievements.

  • Read more about Annual Reports Highlight Tech Commercialization Successes

Universities Re-imagine Alumni Engagement With Angel Networks, Crowdfunding

Thursday, November 13, 2014

Over the last several years, universities have been forced to reimagine ways that they engage with alumni beyond the traditional method of fundraising via alumni donations. These universities and their alumni associations want to increase alumni involvement and facilitate interactions between their high-achieving alumni, faculty, and students. Over this same time span, many universities have increased the size and scope of their entrepreneurship curricula and degree programs.

  • Read more about Universities Re-imagine Alumni Engagement With Angel Networks, Crowdfunding

MIT Calls for Stronger Links Between MA Manufacturers, Innovation Ecosystem

Thursday, May 21, 2015

Massachusetts needs an advanced manufacturing strategy, preferably one based on regional public-private consortia, according to a new report from the MIT Industrial Performance Center. In Strengthening the Innovation Ecosystem for Advanced Manufacturing: Pathways & Opportunities for Massachusetts, the group recommends that the state look to the federal Institutes of Manufacturing Innovation to develop its own manufacturing infrastructure.

  • Read more about MIT Calls for Stronger Links Between MA Manufacturers, Innovation Ecosystem

Governments Benefiting from Tech Entrepreneurs: The Tables Have Turned

Wednesday, September 11, 2013

The field of technology-based economic development strives to provide opportunities and support for budding entrepreneurs and technology-based startups in hopes of strengthening our economies. But, policymakers and governments have much to gain directly from the pool of talented tech entrepreneurs. Technology startups are tapping into the $142 billion public sector market and are helping governments reduce costs and improve their services through innovative web applications and, in some cases, total system overhauls.

  • Read more about Governments Benefiting from Tech Entrepreneurs: The Tables Have Turned

SSTI Award Winners Blaze Onward: Library Space, STEM Grants and Tech Commercialization

Thursday, September 26, 2013

On the heels of their big win last week in Portland, OR, SSTI’s 2013 Excellence in TBED award winners have announced more exciting news surrounding their programs’ impact and new initiatives to support regional growth strategies. This year’s winner for Most Promising TBED Initiative, ASU Entrepreneurship & Innovation Group (EIG), has attracted a new partner to expand on their model for entrepreneurial support by repurposing existing library space.

  • Read more about SSTI Award Winners Blaze Onward: Library Space, STEM Grants and Tech Commercialization

MassVentures Celebrates Attracting $1B in Outside Capital

Thursday, October 31, 2013

MassVentures, Massachusetts's pioneering quasi-public capital fund for early-stage technology companies, has announced that its portfolio companies have now attracted more than $1 billion from outside sources over the lifetime of the organization. MassVentures was one of the first state efforts in the U.S. to address the lack of investment capital for early-stage firms. Since its launch in 1978, the organization has leveraged $14 million in state funding to make $91 million in investments.

  • Read more about MassVentures Celebrates Attracting $1B in Outside Capital

MA Rolls Out High-Tech Workforce, STEM Education Strategy

Thursday, November 14, 2013

Massachusetts Governor Deval Patrick has made a series of announcements over the past few weeks aimed at improving the high-tech skill set of the state's workers and students. A new STEM strategic plan released yesterday would refine Massachusetts' efforts to expand the pipeline of young, skilled science and technology workers and improve the quality of STEM education.

  • Read more about MA Rolls Out High-Tech Workforce, STEM Education Strategy

Trends 2013 Preview: Cities, States Invest in High-Tech Hubs

Thursday, December 5, 2013

Eager to attract investment and spur startup activity, city and state officials launched entrepreneurship programs, high-tech R&D centers, and sector-specific facilities as part of the innovation hub trend in 2013.

  • Read more about Trends 2013 Preview: Cities, States Invest in High-Tech Hubs

MA Gov Details Planned Investments in Economic Development, Education

Thursday, December 5, 2013

In the latest of a series of announcements outlining MA Gov. Deval Patrick's spending strategy for the coming year, the governor has released his administration's FY14 Capital Investment plan, including details on economic development and education funding. As released, the plan would fund the Governor's Life Sciences capital program at $62.6 million, $13.4 million for the MA Broadband Institute program, $10 million to expand high-speed broadband in unserved areas, and $56.2 million for the state's public infrastructure funding program.

  • Read more about MA Gov Details Planned Investments in Economic Development, Education

New Branding Effort Reflects Entrepreneurial Focus in Connecticut

Thursday, December 12, 2013

With bright colors, interesting graphics, and intuitive navigation, the new look of Connecticut Innovations (CI) captures attention. The launch of CI's new brand identity, complete with an updated message platform and logo, hopes to better reflect the organization's mission and promote their resources to attract entrepreneurs. The new website highlights services offered by the three entities under CI's umbrella, including the merger with the Connecticut Development Authority in 2012 and the Small Business Innovation Group in 2009.

  • Read more about New Branding Effort Reflects Entrepreneurial Focus in Connecticut

People On The Move & TBED Organization Updates

Thursday, January 9, 2014

Ted McAleer has resigned as executive director of USTAR. Also Gary Herbert has announced the appointment of former Lt. Gov. Greg Bell as chair of the USTAR Governing Authority. Bell, now president and CEO of the Utah Hospital Association, takes the place of outgoing chair Dinesh Patel.

  • Read more about People On The Move & TBED Organization Updates

Useful Stats: U.S. Venture Capital Per Capita and Share of National Total by State, 2008-13

Wednesday, January 29, 2014

After hitting an all-time high in 2012, California’s dominance of the nation’s venture capital activity receded a bit last year. California continues to receive about half of the country’s venture investment dollars and about 40 percent of its dealflow, but in 2013, the state’s share of dollars fell from 53 to 50 percent, according to data from the PricewaterhouseCoopers/National Venture Capital Association (PwC/NVCA) Moneytree survey. Massachusetts, which has been host to about 10 percent of national venture activity in past years, also saw its share of total U.S.

  • Read more about Useful Stats: U.S. Venture Capital Per Capita and Share of National Total by State, 2008-13

Tech Talkin’ Govs 2020: AL, CT, MD, OK, PA, TN, WY look to education, workforce and energy initiatives

Thursday, February 13, 2020

With nearly 40 of the state governors now having given a state of the state or budget address, innovation themes continue to echo in their reviews of past accomplishments and plans for the coming year.

  • Read more about Tech Talkin’ Govs 2020: AL, CT, MD, OK, PA, TN, WY look to education, workforce and energy initiatives

States launching innovation initiatives across the country

Thursday, February 27, 2020

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.

  • Read more about States launching innovation initiatives across the country

States address workforce issues pushed to forefront by pandemic

Wednesday, July 15, 2020

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.

  • Read more about States address workforce issues pushed to forefront by pandemic

Tech Talkin’ Govs 2019, part 1: Governors unveil broadband, workforce, and research proposals to build economies

Thursday, January 10, 2019

With 36 governors being sworn in following the November elections, 20 of those being new faces and 16 who were re-elected, this year’s inaugural and state of the state addresses promise new ideas along with proposed resolutions to existing challenges. As the governors present their plans to constituents, SSTI revisits our Tech Talkin’ Govs series.

  • Read more about Tech Talkin’ Govs 2019, part 1: Governors unveil broadband, workforce, and research proposals to build economies

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