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Displaying 251 - 272 of 272
Authored on

MD Innovation, Entrepreneurship Programs Survive Contentious Budget Negotiations

Thursday, April 23, 2015

Following a lively debate over education funding, state worker pay and pensions, Maryland legislators approved a $40 billion budget. Under the approved legislation, $68 million would be available to support the state's most expensive school districts. Gov.

  • Read more about MD Innovation, Entrepreneurship Programs Survive Contentious Budget Negotiations

States Find New Ways to Expand Access to Higher Education

Thursday, May 14, 2015

Forty-one states are spending less per student than before the 2008 recession, according to a recent study from the Center on Budget and Policy Priorities. As a result, more of the burden of higher education costs is being passed on to students, putting college out of reach for many. With state budgets still tight, many states are experimenting with new ways to make a college education accessible to all students.

  • Read more about States Find New Ways to Expand Access to Higher Education

TBED People and Orgs

Thursday, September 26, 2013

Oklahoma Gov. Mary Fallin announced that Jonna Kirschner, executive director of the Oklahoma Commerce Department, will serve on a transition team to establish a new workers’ compensation system. Vaughn Clark , the Commerce Department’s director of community development, was named as interim executive director.

  • Read more about TBED People and Orgs

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

Three High-Tech Tax Credits Expanded in Maryland Gov’s Budget

Monday, January 20, 2014

Gov. Martin O’Malley’s FY15 budget includes increased funding for the state’s biotech tax credit, cyber tax credit and R&D tax credit, and provides level funds to continue longstanding tech-based and workforce initiatives.

  • Read more about Three High-Tech Tax Credits Expanded in Maryland Gov’s Budget

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

Maryland Gov. proposes $56 million for Opportunity Zone programs

Thursday, January 24, 2019

Maryland Governor Larry Hogan’s FY 2020 budget proposal includes $56.5 million in new funding to attract businesses to Opportunity Zones. Other new innovation funding would support manufacturer hiring credits and a seed fund for minority entrepreneurs. Under the governor’s proposal, TEDCO, the state’s primary innovation agency, would see its spending increase from $27 million to $45 million.

  • Read more about Maryland Gov. proposes $56 million for Opportunity Zone programs

Universities launch incubators, accelerators and funds in 2019

Thursday, November 14, 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.

  • Read more about Universities launch incubators, accelerators and funds in 2019

Manufacturing wage growth supporting Appalachian economy

Thursday, November 21, 2019

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.

  • Read more about Manufacturing wage growth supporting Appalachian economy

States with new university-industry partnerships & research capacity activities work to strengthen economies and talent pipelines

Thursday, October 31, 2019

Research universities and their partnerships with industry, including an institution’s research capacity, are important elements to building a state’s economy as well as the national economy and talent pipeline and workforce.

  • Read more about States with new university-industry partnerships & research capacity activities work to strengthen economies and talent pipelines

State actions in 2019: Opportunity Zones

Thursday, January 9, 2020

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.

  • Read more about State actions in 2019: Opportunity Zones

States aim to drive growth with new economic development, energy plans

Thursday, December 19, 2019

A trio of plans focused on economic development at the state level were released this month. Noting that it is at an economic crossroads and facing serious challenges, Maine’s Department of Economic and Community Development has issued a new 10-year economic development strategy for the state. Massachusetts has also proposed a new economic development plan, focusing on four key areas, while a new report in Maryland is targeting clean energy as an opportunity for the state to invest in the future.

Maine’s plan

  • Read more about States aim to drive growth with new economic development, energy plans

Ten states selected for manufacturing-focused Policy Academy

Thursday, July 25, 2019

Ten states from across the country have been selected as part of a unique program designed to grow and strengthen their manufacturers. Over the course of the next year, interdisciplinary state teams will meet together in Washington, D.C., and separately in their home states, to develop and refine strategies impacting manufacturing industries.

  • Read more about Ten states selected for manufacturing-focused Policy Academy

Tech Talkin’ Govs part 5: Tax incentives, clean energy, help for higher ed strike note in governors' addresses

Thursday, February 7, 2019

More than half of the governors have now delivered their state of the state addresses, and TBED initiatives continue to play a prominent role in their plans. Higher ed’s affordability and/or role in the workforce are concerns in Montana, South Carolina, Utah and Vermont. Maryland is looking at clean energy and higher education. Utah is also grappling with burgeoning growth while Vermont considers measures to increase its workforce.

  • Read more about Tech Talkin’ Govs part 5: Tax incentives, clean energy, help for higher ed strike note in governors' addresses

Workforce, broadband, rural investments at play in governors’ plans for economic development

Thursday, February 25, 2021

As governors continue to roll out their State-of-the State addresses in the month of February, we continue to see a heavy focus on recovering from the pandemic. Given most state’s fiscal condition, governors have been generally hesitant to roll out new initiatives during this time, although broadband continues to receive attention, especially with the renewed attention surrounding its importance during the pandemic.

  • Read more about Workforce, broadband, rural investments at play in governors’ plans for economic development

Evaluation finds TEDCO programs have strong economic benefit

Thursday, March 14, 2019

TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace.

TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace. The direct Maryland economic activity generated by these core programs totaled nearly $900 million in 2018, a considerable increase from the $572.3 million in economic activity reported in 2015. Of all TEDCO programs, the Seed Investment Fund has the largest direct impact, accounting for more than half of all employment and direct economic activity.

  • Read more about Evaluation finds TEDCO programs have strong economic benefit

First five states approved for SSBCI funds

Thursday, May 19, 2022

The U.S. Department of the Treasury announced today that five states — Hawaii, Kansas, Maryland, Michigan and West Virginia — have had their State Small Business Credit Initiative (SSBCI) capital programs approved by the agency.

  • Read more about First five states approved for SSBCI funds

Maryland and Indiana see growth from TBED investments

Thursday, December 2, 2021

With a 20-year history, the Maryland Technology Development Corporation (TEDCO) is reporting an economic impact in 2021 four times greater than what they experienced in 2013. A new independent study found that its six core programs have provided “significant value” to the state’s start-up community, supporting over 10,000 jobs and more than $2 billion in statewide economic activity as of 2021. Meanwhile, BioCrossroads, a non-profit based in Indianapolis, has reported growth in its life sciences initiatives over the past 15 years.

  • Read more about Maryland and Indiana see growth from TBED investments

Maryland’s first State of the Economy report finds almost a decade of stalled economic and population growth

Thursday, January 11, 2024

Last week (Jan. 3), Maryland’s state comptroller released the state’s first State of the Economy report.

  • Read more about Maryland’s first State of the Economy report finds almost a decade of stalled economic and population growth

Maryland moving on innovation initiatives to grow state economy

Thursday, March 2, 2023

In his budget proposal, Maryland Gov.

  • Read more about Maryland moving on innovation initiatives to grow state economy

Is the future of work a four-day workweek?

Thursday, March 23, 2023

The idea of changing the 40 hour workweek standard has been floated for decades, and more frequently discussed in recent years as companies confront pandemic-related stress, burnout and the “Great Resignation.” But, even as some smaller U.S. companies (mostly in tech) have moved toward offering a shorter workweek, the idea has not become mainstream, despite some states’ best efforts.

  • Read more about Is the future of work a four-day workweek?

Recent Research: Does boomerang migration play a role in regional economic development?

Thursday, March 20, 2025

Many metropolitan areas grapple with demographic shifts, labor shortages, and changing economic conditions, so understanding the factors that encourage former residents to return may help policymakers design more effective strategies for talent retention and regional revitalization.

  • Read more about Recent Research: Does boomerang migration play a role in regional economic development?

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