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  • weekly_digest (325)
Displaying 301 - 325 of 325
Authored on

Transition to Privatize Economic Development Outlined in NC Budget

Thursday, May 29, 2014

Building on a bare bones structure for privatizing economic development established last session, Gov. Pat McCrory outlined a plan for transitioning the state’s Department of Commerce to a public-private partnership, effective July 1. The move, according to the governor, will allow for more flexibility to support businesses and achieve savings for the state. Several innovation-focused investments also were presented as part of the recommended state budget adjustments for FY15, including matching and incentive funds for early stage, high-tech companies and funding to assist campuses in commercializing technology.

  • Read more about Transition to Privatize Economic Development Outlined in NC Budget

North Carolina Companies Raised $461M in 2013, According to Report

Wednesday, June 4, 2014

Last year, 108 unique institutional funders made a total of 260 investments in North Carolina companies, according to a report from the Council for Entrepreneurial Development. The 2013 Innovators Report details the $461 million in equity investments, grants and awards received by firms, including support from venture investors, angel networks, foundations, federal agencies, competitions, crowdfunding and other sources. Life sciences firms generated the most activity with $275 million in 134 deals, driven by the biopharmaceutical industry.

  • Read more about North Carolina Companies Raised $461M in 2013, According to Report

NC Wins Latest Manufacturing Innovation Institute Focused on Electronics

Wednesday, January 15, 2014

The first of three new manufacturing innovation institutes will be headquartered in Raleigh, NC, and led by a consortium of 18 companies, seven universities and labs, and the state of North Carolina. The announcement was made today by President Obama. Developing wide-bandgap semiconductor devices and industry-relevant processes is the goal of the Next Generation Power Electronics Institute. Such technologies are used to develop smaller, faster, cheaper and more efficient electronics for personal devices, electric vehicles and renewable power interconnection, according to a press release. The selection process is still underway for two other institutes, with awards expected in the coming weeks.

  • Read more about NC Wins Latest Manufacturing Innovation Institute Focused on Electronics

Crowdfunding Made a Splash in 2013, 2014 Could be Turning Point

Wednesday, January 15, 2014

Crowdfunding was poised to make a major splash on startup financing in 2013, aided by the passage of the 2012 JOBS Act, a projected explosion in the number of crowdfunding portals and the adoption of state crowdfunding exemptions. However, the crowdfunding industry did not have the anticipated gamechanging impact on startup financing.

  • Read more about Crowdfunding Made a Splash in 2013, 2014 Could be Turning Point

Ontario’s New Public-Private Fund-of-Funds Could Raise $300M

Thursday, January 23, 2014

Ontario officials launched a new fund-of-funds this week intended to boost capital resources for high-tech companies. The Northleaf Venture Catalyst Fund is a privately led initiative, supported by federal and provincial funds. The governments of Canada and Ontario have agreed to make a combined capital commitment of $1 for every $2 secured from the private sector. Current commitments total $217.5 million CAD ($195.4 million USD), but leaders hope to match the government’s maximum match level of $300 million CAD ($269.6 million USD) in a second closing later this year.

  • Read more about Ontario’s New Public-Private Fund-of-Funds Could Raise $300M

States of Innovation 2017: Free tuition moving into more state toolboxes

Thursday, October 12, 2017

This week we continue our series on state legislation pertaining to the innovation economy that has been enacted this year around the country. This second installment of the States of Innovation 2017 series deals with free tuition.

This week we continue our series on state legislation pertaining to the innovation economy that has been enacted this year around the country. This second installment of the States of Innovation 2017 series deals with free tuition.

A number of states took action to increase the education and skills of their workforce by implementing free or greatly reduced tuition programs at either community colleges or state colleges. The move to increase access to higher education while not new, took up increased urgency this year. With Arkansas, Florida, Kentucky, New York, North Carolina, Rhode Island and Tennessee all taking action this past year, Maine and North Carolina were among others considering other options but as of today’s publication not moving the proposals forward.

  • Read more about States of Innovation 2017: Free tuition moving into more state toolboxes

Federal Stimulus Funds Help Fuel North Carolina Green Economy Projects

Wednesday, August 26, 2009

Federal stimulus funds approved earlier this year by Congress are doing more than filling budget gaps in states across the nation. During a year in which it otherwise may be virtually impossible to direct much funding to starting initiatives aimed at growing the economy, many states are using federal stimulus funds to implement new programs.

  • Read more about Federal Stimulus Funds Help Fuel North Carolina Green Economy Projects

Tech Talkin' Govs: Part VI

Wednesday, February 20, 2013

The sixth installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in New Hampshire and North Carolina. Our first five installments were in the Jan. 9, Jan. 16, Jan. 23, Jan.

  • Read more about Tech Talkin' Govs: Part VI

Report Examines North Carolina's Biotechnology Industry

Wednesday, February 20, 2013

Commissioned by the North Carolina Biotechnology Center, a study found North Carolina's biotech industry employees almost 58,000 residents at an average annual wage of $78,000. From 2001 to 2010, employment in the state's biotech industry grew by 23.5 percent (approximately 12,000 new jobs) — 3.5 times faster than the national biotech workforce. In comparison, North Carolina's private-sector workforce declined by 2.8 percent in the same period.

  • Read more about Report Examines North Carolina's Biotechnology Industry

Innovation Performance Index Produces Mixed Results for North Carolina

Thursday, December 12, 2013

North Carolina is rich in resources to support a thriving innovation ecosystem. But despite its strengths, several factors are preventing the state from reaching its full potential to fuel and sustain strong economic growth. These and other findings are outlined in a recent report tracking the state's performance in 38 measures related to innovation assets, activities and trends. The fourth in a series of indexes produced over the past 13 years, the report benchmarks North Carolina with six key comparison states, the U.S. overall and leading countries.

  • Read more about Innovation Performance Index Produces Mixed Results for North Carolina

Persistent Skills Gap Hindering Economic Recovery in Cities; Promising Models Found in Norfolk, VA, Charlotte, NC

Wednesday, May 22, 2013

Amid a national economic recovery, city officials report a recent and persistent skills gap that may signal structural challenges and present serious barriers to sustained growth for metros. Nearly nine in 10 city officials (88 percent) note that workforce alignment has not improved over the past year, according to a recent survey on city fiscal conditions from the National League of Cities (NLC).

  • Read more about Persistent Skills Gap Hindering Economic Recovery in Cities; Promising Models Found in Norfolk, VA, Charlotte, NC

SSTI Examines Trends in Innovation Policy from the State Legislatures

Wednesday, July 17, 2013

As many state legislative sessions wind down, a clearer picture of the current direction of state innovation policies is emerging. This week’s SSTI Weekly Digest presents a few of the major trends in technology-based economic development initiatives approved by state legislatures during their most recent sessions. While this review is not meant to be comprehensive, it should illuminate the shifts states are making to refine their investments in the high-tech economy by providing smarter, more targeted support.

  • Read more about SSTI Examines Trends in Innovation Policy from the State Legislatures

Funding for TBED Trimmed in NC Budget

Wednesday, July 31, 2013

Lawmakers continued to provide support for life sciences at a reduced level in the recently enacted budget; however, other technology areas did not fare as well. In some cases, funding was eliminated for tech-based initiatives, and lawmakers allowed a tax credit for early stage investors to expire. Meanwhile, the North Carolina Biotechnology Center plans to consolidate activities and redouble efforts to keep things moving in the wake of a 27 percent reduction to their budget.

  • Read more about Funding for TBED Trimmed in NC Budget

KS, GA, NC and WA look to Increase Small Business Capital Using Securities Exemptions

Wednesday, June 12, 2013

Since 2011, three states (Kansas, Georgia and North Carolina) have enacted securities exemptions that allow their state's entrepreneurs and small businesses to raise up to $1 million dollars via the sale of securities to residents of the state — Washington lawmakers introduced similar legis

  • Read more about KS, GA, NC and WA look to Increase Small Business Capital Using Securities Exemptions

CA, NC Govs Propose Bold Reforms to State Economic Development Efforts

Wednesday, June 26, 2013

Avoiding redundancy and enhancing the efficiency and effectiveness of outdated programs are some of the major goals for governors in California and North Carolina seeking a new approach to job creation. Both proposals involve an overhaul to established economic development efforts.

  • Read more about CA, NC Govs Propose Bold Reforms to State Economic Development Efforts

NC prepares for tech tsunami

Thursday, February 16, 2017

Leadership in the data economy should be a target for the state of North Carolina, according to a new report by the North Carolina Board of Science, Technology and Innovation (BSTI). As more economic value is placed on the ability to successfully collect and manipulate data for insight and profit, the state needs to focus on closer collaboration, proactive branding and a greater focus on data science education and talent development, according to the report, NC in the Next Tech Tsunami: Navigating the Data Economy.

  • Read more about NC prepares for tech tsunami

Nine states explore science policy fellowships

Thursday, February 23, 2017

After training nearly 80 PhD scientists and engineers in the craft of policy making, the California Council on Science and Technology (CCST) has awarded planning grants to nine other states to evaluate the potential to create a policy fellowship for scientists and engineers in their state capital. The new one-year grant, which is administered by CCST and funded by the Gordon and Betty Moore Foundation and the Simons Foundation, will support teams in Alaska, Colorado, Connecticut, Idaho, Massachusetts, Michigan, New Jersey, North Carolina, and Washington as they work on feasibility studies and other strategic steps toward creating science fellowships in their state policy arenas.

  • Read more about Nine states explore science policy fellowships

Election 2016 Updates

Thursday, December 8, 2016

NC Gov. Pat McCrory conceded the election to Democrat Roy Cooper on Monday after a recount he requested in Durham County was showing no change in the election results.  Acknowledging that it was a divisive election, Gov.-elect Cooper said, “I know still that there is more that unites us than divides us.”  Cooper will face a Republican super majority in both chambers of the state legislature.

  • Read more about Election 2016 Updates

Governors target diverse strategies to build rural broadband capacity, spur economic growth

Thursday, February 8, 2018

With more than 30 percent of rural America still lacking access to what the FCC considers adequate broadband, governors from across the country are working toward diverse strategies to build rural broadband capacity. By providing rural communities with access to full-speed, stable broadband, these governors hope that they can revitalize rural communities by helping small business formation and expansion as well as improve educational achievement/workforce training for rural citizens.

  • Read more about Governors target diverse strategies to build rural broadband capacity, spur economic growth

Policy positions of gubernatorial candidates in 11 states discussed

Thursday, September 24, 2020

Eleven states are holding gubernatorial elections this year with nine incumbents seeking reelection, two of which are facing off against their lieutenant governor. Only one governor, Steve Bullock in Montana, is term-limited and unable to seek reelection. In Utah, Gov. Gary Herbert is stepping down from the position he has held for 10 years. While many of the races this year will reflect referendums on the current governor’s response to the COVID-19 pandemic, many of the candidates have announced their innovation and economic development initiatives.

  • Read more about Policy positions of gubernatorial candidates in 11 states discussed

Tech Talkin’ Govs, part 8: education, workforce, climate action and rural initiatives focus of innovation efforts

Thursday, March 7, 2019

This week we nearly finish our state of the state coverage, save two remaining governors (Louisiana and Minnesota) who have yet to present their addresses. In reviewing the speeches for news on innovation efforts, we find education taking the main stage in Florida and Tennessee, while Alabama and Ohio’s governors are hoping to build the state’s workforce, and North Carolina, still recovering from natural disasters, wants to decrease greenhouse gas emissions and provide tuition assistance for community college.

  • Read more about Tech Talkin’ Govs, part 8: education, workforce, climate action and rural initiatives focus of innovation efforts

Startup competitions target the circular economy

Thursday, March 14, 2019

The circular economy, a phrase meant to redefine economic growth beyond the current “take-make-waste” extractive industrial model, is gaining attention around the world as a way to produce more positive environmental and social benefits. Over the past few months, three cities have announced efforts to promote circular economy startups.

The circular economy, a phrase meant to redefine economic growth beyond the current “take-make-waste” extractive industrial model, is gaining attention around the world as a way to produce more positive environmental and social benefits. Over the past few months, three cities have announced efforts to promote circular economy startups. In New York City, a contest will offer a $500,000 prize to the best idea and business plan that seeks to repurpose the city’s recyclables and manufacture a product to sell to the local market. The City of Phoenix and Arizona State University announced four companies will participate in an incubator affiliated with the Resource Innovation and Solutions Network (RISN). Last fall, public sector partners and the university-based Austin Technology Incubator (ATI) collaborated to launch a new Circular Economy Incubator in the region.

  • Read more about Startup competitions target the circular economy

State leaders zero in on recovery in budget proposals, state addresses

Thursday, April 29, 2021

As state budgets move into the legislatures for final negotiations and approvals, the last of the governors have addressed their constituents and put forth their proposals. While a renewed sense of hope is seeping into the latest addresses, governors are still cautious and guarded in proposing new programs. Broadband, small business, education and workforce initiatives continue to be among the innovation-related initiatives announced by the state leaders, with the intent that those efforts will also boost the economic recovery of the states.

  • Read more about State leaders zero in on recovery in budget proposals, state addresses

Tech Talkin’ Govs 2025: Innovation emphasized in governors’ State of the State addresses—Part 5

Thursday, March 20, 2025

In this final coverage of gubernatorial addresses as they discuss the innovation economy, the following highlights have been selected from State of the States or budget addresses given between Feb.

  • Read more about Tech Talkin’ Govs 2025: Innovation emphasized in governors’ State of the State addresses—Part 5

Final semiconductor R&D facility location among latest CHIPS for America awards

Thursday, January 9, 2025

The U.S. Department of Commerce recently announced the third major R&D facility as part of its CHIPS for America program. This new facility will be located at the Arizona State University (ASU) Research Park in Tempe, Arizona.

  • Read more about Final semiconductor R&D facility location among latest CHIPS for America awards

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