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Type

  • weekly_digest (313)
Displaying 251 - 275 of 313
Authored on

Massachusetts Makes $1B Investment in Community Development, Workforce Training, Innovation

Thursday, August 11, 2016

On August 10, Massachusetts Gov. Charlie Baker signed an extensive economic development bill (HB 4569) into law.

  • Read more about Massachusetts Makes $1B Investment in Community Development, Workforce Training, Innovation

Midwest States Launch Public-Private R&D Centers in Key Manufacturing Industries

Thursday, August 11, 2016

Over the last few weeks, Indiana and Michigan have announced the launch of manufacturing-focused innovation centers to help transform manufacturing sectors that are long-standing drivers of economic prosperity in their respective state into 21st century global hubs for manufacturing innovation. In partnership with key local industry partners, these centers are intended to help spur job creation while reimaging the role of manufacturing in their state through innovation.

  • Read more about Midwest States Launch Public-Private R&D Centers in Key Manufacturing Industries

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

Maine voters approve $50 million in tech: Why it matters to all of us

Thursday, July 6, 2017

Maine voters approved a special referendum on June 13 that will issue $50 million in bonds to fund investment in research, development and commercialization in the state’s seven targeted technology sectors. The Maine Technology Institute will distribute $45 million of the funds for infrastructure, equipment and technology upgrades. The remaining $5 million will be used to recapitalize the Small Enterprise Growth Fund to create jobs and economic growth by lending to or investing in qualifying small businesses.

  • Read more about Maine voters approve $50 million in tech: Why it matters to all of us

States scramble to negotiate final budgets; DE, LA, ME, MO, NH, VT and WA reviewed for innovation funding

Thursday, July 6, 2017

With a July 1 start to the fiscal year in most states, several states that were at an impasse over their budget faced at least partial shutdowns. Last minute negotiations restarted services in both Maine and New Jersey, while Illinois, which has been operating without a budget since 2015, faces threats of a downgrade in their credit rating if a deal cannot be reached. This week we present our findings of innovation funding from seven states, including $2 million in funding for a new public-private economic development organization in Delaware, an increase in funding in Louisiana for the state’s scholarship program for higher ed, and cuts to higher ed funding in Missouri, which also saw a severe drop in its funding to the Missouri Technology Corporation. Efforts in Maine, New Hampshire, Vermont and Washington are also detailed below.

  • Read more about States scramble to negotiate final budgets; DE, LA, ME, MO, NH, VT and WA reviewed for innovation funding

Breaking into the Market: End of the Green Pipeline

Wednesday, April 22, 2009

One of the biggest challenges for green technologies and products is breaking into the market. Achieving the critical mass that allows production volume to drive down prices is difficult, particularly when the commodity being sold is, at least initially, more expensive to make because more of the actual cost of production is captured in the green company's business model.

  • Read more about Breaking into the Market: End of the Green Pipeline

Tech Talkin' Govs, Part III

Wednesday, January 27, 2010

The third installment of SSTI’s Tech Talkin’ Govs’ series includes excerpts from speeches delivered in Delaware, Maine, Missouri, New Hampshire, Ohio, Rhode Island, South Dakota, Utah and Wisconsin. The first and second installments are available in the Jan 13 Digest and Jan. 20 Digest, respectively.

  • Read more about Tech Talkin' Govs, Part III

Competing Massachusetts Bills Have Similar Goals: Consolidating TBED, Econ. Dev.

Wednesday, February 17, 2010

Two bills aiming to consolidate state agencies and establish incentives for job creation were introduced last week by Gov. Deval Patrick and Senate President Therese Murray. Gov. Patrick's bill would merge the Massachusetts Technology Development Corporation with the Massachusetts Community Development Finance Corporation and the Economic Stabilization Trust to form a new Massachusetts Growth Capital Corporation funded by a $25 million capital bond authorization and $15 million from the Emerging Technology Fund.

  • Read more about Competing Massachusetts Bills Have Similar Goals: Consolidating TBED, Econ. Dev.

Massachusetts Leads in STEM Degrees, But Students Losing Interest

Wednesday, April 21, 2010

Massachusetts ranks first in the country in patents per capita, SBIR awards and in R&D spending as a percent of gross domestic product (GDP), according to the latest version of the Index of the Massachusetts Innovation Economy. Though the report finds that the state's innovation economy is growing and, in many ways, suffered less than others during the economic crisis, it recommends taking action to increase student interest in STEM careers and to help launch new businesses.

  • Read more about Massachusetts Leads in STEM Degrees, But Students Losing Interest

VC and Renewable Energy Measures Win Legislative Support in Maine

Wednesday, April 28, 2010

Maine's 2010 legislative session wrapped up last week, ending on a relatively high note for tech-based economic development (TBED). Actions supporting TBED include a measure signed by Gov. John Baldacci to encourage venture capital investment in innovative companies and the legislature's approval of a bond package that includes $11 million for ocean wind energy demonstration sites through the University of Maine System.

  • Read more about VC and Renewable Energy Measures Win Legislative Support in Maine

New Initiative to Help MA CEOs and Entrepreneurs Launch New Companies

Wednesday, May 5, 2010

A group of Massachusetts CEOs, venture capitalists (VC) and entrepreneurs recently launched a new initiative to create new, successful companies. The 12x12 Initiative will allow successful CEOs to collaborate with entrepreneurs to develop their ideas into new businesses. The resulting "team" also would include an experienced VC and would help the companies connect to mentoring services, capital and other opportunities.

  • Read more about New Initiative to Help MA CEOs and Entrepreneurs Launch New Companies

Advanced Manufacturing Initiative Unveiled in MA

Wednesday, May 26, 2010

Enlisting support from industry, policymakers and academics, Gov. Deval Patrick unveiled an initiative to help the state's manufacturers evolve with changing technology, adopt new innovations, and grow their operations through a new multi-tiered loan program. The Advanced Manufacturing Initiative is a public-private collaboration designed to maximize job creation within the manufacturing sector, which added more than 19,000 jobs last month, according to the governor's office.

  • Read more about Advanced Manufacturing Initiative Unveiled in MA

Input Sought on Green TBED Initiatives

Wednesday, March 10, 2010

MIT's Department of Urban Studies and Planning is researching how economic development organizations are working with small businesses to address market opportunities or needs related to global climate change and the "green economy." The department currently is looking for economic development organizations to complete a brief, voluntary survey (10 minutes) relating to "green" programs and activities. Results will be shared with the economic development community and be made publicly available.

  • Read more about Input Sought on Green TBED Initiatives

Tech Talkin’ Govs: Part IV

Thursday, January 30, 2014

The fourth installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Illinois, Massachusetts and Utah.

  • Read more about Tech Talkin’ Govs: Part IV

Tech Talkin’ Govs: Part V

Thursday, February 6, 2014

The fifth installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Connecticut, Maine, Oklahoma, and Tennessee.

  • Read more about Tech Talkin’ Govs: Part V

People on the Move & TBED Organization Updates

Friday, February 14, 2014

Patrick Gallagher has been named the 18th chancellor and chief executive officer of the University of Pittsburgh. Gallagher currently serves as acting deputy secretary of the U.S. Department of Commerce and director of the National Institute of Standards and Technology.

  • Read more about People on the Move & TBED Organization Updates

2014 Bills Tackle Crowdfunding, Tax Credits, Startup Capital and More

Tuesday, February 18, 2014

Several bills aimed at supporting startups, advancing research and improving the workforce have been introduced with the start of the 2014 sessions. Some of the proposed legislation offers a glimpse into the investment priorities of governors and lawmakers in the wake of economic recovery. Providing innovative companies with access to startup funds is a continued theme from previous years. Some states are seeking to expand tax credits for angel investors or offer new tax credits to encourage emerging industries. Other bills focus on generating more skilled workers quickly and positioning universities to enhance regional economic competitiveness.

  • Read more about 2014 Bills Tackle Crowdfunding, Tax Credits, Startup Capital and More

Highly Educated Workers Gravitate To, Between New York, Los Angeles and Chicago

Thursday, February 20, 2014

Los Angeles County (CA), New York County (NY) and Cook County (IL) topped the list of places where people older than 25 with graduate or professional degrees moved to between 2007 and 2011, according to the latest data from the U.S. Census Bureau’s County-to-County Migration Flows Tables. Middlesex County (MA) and Fairfax County (VA) also ranked among the top destinations for highly educated transplants. The Census report provides data on domestic migration at the county level, including data on income and educational attainment.

  • Read more about Highly Educated Workers Gravitate To, Between New York, Los Angeles and Chicago

Maine Legislature Approves Crowdfunding Bill

Thursday, March 13, 2014

Maine businesses may now raise up to $1 million in capital by selling small amounts of equity to individual investors as a result of legislation that recently became law without the signature of Gov. Paul LePage. Using a model similar to crowdfunding websites such as Kickstarter, participating businesses will be able to register with the Maine Office of Securities, setting both a fundraising goal and deadline.  Individual investors will be able to purchase up to $5,000 in equity from a single business.

  • Read more about Maine Legislature Approves Crowdfunding Bill

Useful Stats: Higher Education R&D Expenditures by State, FY07-12

Thursday, March 13, 2014

Between FY2007-12, research and development (R&D) spending at U.S. universities grew 27.5 percent, from about $51.6 billion to $65.8 billion, according to the latest edition of the National Science Foundation’s (NSF) Higher Education Research and Development (HERD) survey. The survey provides a look at R&D spending at U.S. universities, with data broken down by state, institution, research area and funding sources.

  • Read more about Useful Stats: Higher Education R&D Expenditures by State, FY07-12

States Pass Innovation-Focused Legislation

Wednesday, March 26, 2014

Investments and policy to support innovation-focused agendas have flourished with the close of the 2014 legislative sessions in several states. Crowdfunding legislation, incentives for attracting talent, higher education affordability, punishing patent trolls, and encouraging greater accountability are some of the areas where lawmakers focused their efforts.

  • Read more about States Pass Innovation-Focused Legislation

MA Group Crafts Strategy to Confront National Decline of Early Stage Bio Capital

Tuesday, April 8, 2014

Massachusetts’ continuing success in the biopharmaceutical sector depends on finding new ways to fund startup and early stage research activities, according to a new strategic plan released by the Massachusetts Biotechnology Council (MassBio). The report cites recent data showing that life sciences venture capital has fallen by 50 percent over the past five years and many investors have turned to later stage investments.

  • Read more about MA Group Crafts Strategy to Confront National Decline of Early Stage Bio Capital

MA Gov Announces Innovation-Focused Economic Development Package

Thursday, April 10, 2014

Massachusetts Gov. Deval Patrick has unveiled an economic development package intended to bolster the state’s role in the global tech economy through multi-year investments totaling an estimated $100 million.

  • Read more about MA Gov Announces Innovation-Focused Economic Development Package

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

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