Indiana passes new legislation impacting college affordability and military tax exemptions
The Indiana General Assembly recently passed three bills that have the potential to impact the workforce in the state. Two bills address college affordability while the third exempts active-duty military from paying individual state income tax.
The Indiana General Assembly recently passed three bills that have the potential to impact the workforce in the state. Two bills address college affordability while the third exempts active-duty military from paying individual state income tax. House Bill 1449 will automatically enroll eligible students in a state program that offers 100% tuition coverage at public colleges, and Senate Bill 167 mandates high school students to complete and submit the Free Application for Federal Student Aid (FAFSA) to increase students applying for financial aid. Meanwhile, House Bill 1034, now signed into law, exempts active-duty military from paying individual income taxes starting with fiscal year 2024.
SSTI members host regional entrepreneurship policy meetings
Five SSTI member organizations — Conductor, Nebraska Business Development Center, University of Louisville, University of South Alabama, and Verge — were awarded micro grants by SSTI to host policy meetings with state and local officials in their regions about the needs of innovation-driven entrepreneurs. The awards were made possible thanks to a project with the Ewing Marion Kauffman Foundation. In total, the seven meetings held by these groups connected dozens of entrepreneurs and support organizations with federal, state and local elected officials, program administrators and staff.
One missing metric
For those readers who have seen their 53rd birthday, it was probably not a remarkable occasion. Perhaps it passed by without notice, and why should it? It isn’t regarded as a major milestone like 21, 50, 60 or 75. What good is 53? It is often overlooked because we rarely run into it. We put 52 cards in a deck, but 53? We can’t deal with that.
Earth Day probably felt that way this year as Saturday, April 22, went by with fewer people marking its 53rd birthday than in previous years. Collectively, the gifts in its honor seem smaller, less meaningful.
For those readers who have seen their 53rd birthday, it was probably not a remarkable occasion. Perhaps it passed by without notice, and why should it? It isn’t regarded as a major milestone like 21, 50, 60 or 75. What good is 53? It is often overlooked because we rarely run into it. We put 52 cards in a deck, but 53? We can’t deal with that.
Earth Day probably felt that way this year as Saturday, April 22, went by with fewer people marking its 53rd birthday than in previous years. Collectively, the gifts in its honor seem smaller, less meaningful.
Legislative & Federal News for March 2, 2017
This week we take a look at the Trump administration's proposed $54 billion increase in defense spending, NDD United's letter to Congress (which SSTI signed), and testimony in favor of TBED funding.
House Science Committee advancing R&D changes
The U.S. House Science Committee released a letter last week reasserting the majority party’s interest in setting R&D priorities for federal science agencies and supporting appropriation levels that generally align with the White House’s budget blueprint. The letter notes priorities for most of the $42 billion in R&D budgets within the committee’s purview.
Congress sends mixed signals on evidence-based programming
In an unexpected twist, the FY 2017 budget passed earlier this month by Congress has more dislikes than likes for evidence-based program and policy design, despite being embraced strongly by both Presidents Donald Trump and Barack Obama. Masked under a variety of different nomenclatures – performance contracting, social impact bonds, pay for success, for example – evidence-based programming incorporates rigorous metrics to assess the effectiveness of public policy toward meeting its goals and basing expenditures accordingly.
Committees pass defense authorization bills affecting small business policy
The U.S. House and Senate Armed Services Committees recently passed their versions of the FY 2018 National Defense Authorization Act (NDAA). The legislation includes provisions for federal labs, SBIR and SBA technical assistance programs. These portions of the bills are currently very different between the chambers, and, if passed in their current forms, the final bill could address a wide range of policies affecting small business and innovation.
Administration delays International Entrepreneur Rule, plans to rescind
One week before implementation, the Department of Homeland Security (DHS) announced that the International Entrepreneur Rule would be delayed until March 2018 and that a new proposal to rescind the rule will be made. The rule would have provided immigrants who have founded a high-potential startup with equity investment to remain in the country up to five years to scale the company.
White House indicates FY 2019 budget will again propose deep science, innovation cuts
The White House Office of Management and Budget sent a letter directing all agency heads to prepare FY 2019 budget requests with the figures provided in the administration’s FY 2018 request.
The White House Office of Management and Budget sent a letter directing all agency heads to prepare FY 2019 budget requests with the figures provided in the administration’s FY 2018 request. Because the long-term budget provided few year-over-year changes for science or innovation, the administration will therefore again propose to eliminate Regional Innovation Strategies, the Manufacturing Extension Partnership, much of the SBA’s entrepreneurial development funding and other innovation programs, while also making deep cuts to many R&D initiatives. Read SSTI’s full coverage of the administration’s FY 2018 budget request for more information.
Maine voters approve $50 million in tech: Why it matters to all of us
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.
Bioscience important for state growth
The bioscience industry has had a positive impact on states’ economies and continues to be a driver of economic growth according to a new report from Biotechnology Innovation Organization (BIO). State lawmakers have recognized the importance of the industry, the authors state, and have responded to challenges facing the bioscience companies with legislative efforts focused on a supportive business climate, including increasing available funding, particularly for emerging companies in their state, and leveraging academic and medical research facilities to create strategically planned campus extensions such as Smart Zones or Innovation Zones that contain incubator space and incentives for start-up companies.
Union gets House to remove trucks from autonomous vehicle bill
A House bill that would allow manufacturers to sell up to 100,000 self-driving cars each and bar states from restricting their operation passed both its subcommittee and the Energy and Commerce Committee unanimously last month. Concerned about potential job loss, unions representing truck drivers successfully lobbied the House to exempt commercial trucks from the “highly automated vehicle” definition the law affects for the time being.
A House bill that would allow manufacturers to sell up to 100,000 self-driving cars each and bar states from restricting their operation passed both its subcommittee and the Energy and Commerce Committee unanimously last month. Concerned about potential job loss, unions representing truck drivers successfully lobbied the House to exempt commercial trucks from the “highly automated vehicle” definition the law affects for the time being.
States of Innovation 2017: Free tuition moving into more state toolboxes
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.
NIST Director prioritizing transfer law, process updates
The American Institute of Physics reports that National Institute of Standards and Technology Director Walter Copan expressed interest in reviewing the Bayh-Dole and Stevenson-Wydler acts for possible revisions. Both pieces of legislation were passed in 1980 to facilitate the transfer of discoveries from the public to the private sector. Copan did not indicate specific changes but mentioned conflicts between federal and state law as a problem.
States’ ability to thrive in new economy measured
While traditional economic development within the states has shifted to an economy more reliant on innovation, many policy discussions remain mired in acknowledging just some of the more recognized tech-based regions, says the Information Technology and Innovation Foundation (ITIF) in its latest report. However, as economic indicators reveal that all states’ economies incorporate some degree of innovation as a driver of their economy, the 2017 State New Economy Index measures states’ capacities to function in this new economy.
Support for Startup Act grows
Support for the recently introduced Startup Act continues to build across the country. The legislation, profiled earlier in the Digest, would accelerate the commercialization of university research, improve the regulatory processes at the federal, state and local levels, and modernize a critical Economic Development Administration (EDA) program to promote innovation and spur economic growth.
SSTI commentary: What is a fair share of R&D? A closer look at benchmarking
Would you expect a community of 100,000 people to have less than one-half as much R&D activity as a community with 250,000 residents? Such a simple question cannot be considered without more information. You may ask which two communities are being compared.
Would you expect a community of 100,000 people to have less than one-half as much R&D activity as a community with 250,000 residents? Such a simple question cannot be considered without more information. You may ask which two communities are being compared. Would your answer be different if you learned the smaller community was a college town with a research-intensive university as its core economic engine, while the second community was largely a distribution hub and didn’t have a similar R&D asset?* Yet politicians, pundits, media and even policymakers often benchmark cities, regions and states on incomplete or irrelevant information.
Report collects clean energy manufacturing policies across US
While states implement policies to spur innovation, manufacturing and other priorities related to clean energy, there was no single source serving as a collection of all such policies across the 50 states. The recently released Clean Energy-Related Economic Development Policy across the States: Establishing a 2016 Baseline by the National Renewable Energy Laboratory (NREL) aims to establish a baseline of existing policy as “a critical first step in determining the potential holistic impact of these policies on driving economic growth in a state.” It focuses on the policies most directly related to expanding new and existing manufacturing.
Funding top priority in CTE policy pursued by states in 2016
A fourth annual review of career and technical education (CTE) and career-readiness policies, found an increase in policy action carried out by states in 2016 with several states – including California, Idaho, Indiana and Virginia – passing packages of legislation that impacted multiple elements of CTE programming. State Policies Impacting CTE: 2016 Year in Review was produced by Advance CTE, formerly known as the National Association of State Directors of Career Technical Education Consortium (NASDCTEc), and the Association for Career and Technical Education (ACTE). They found that funding remains the most pursued approach, with 28 states taking action to financially support CTE activities in 2016.
What a second Trump administration might mean for science and innovation
[Update Oct. 1] Editor’s note: On Sept. 25, the Trump campaign released a new document, “The Platinum Plan,” containing proposals described as “President Trump’s promise to Black America.” Our original story has been updated to reflect new proposals stated in this plan.
Research makes case for larger publicly-backed pre-seed/innovation funds as pandemic persists
Key findings from two independent research projects reveal the pandemic’s corrosive effect on the nation’s innovation commercialization capacity. The projects separately explored how two related innovation financing components — angel investment and venture capital — were reacting to the coronavirus-caused slowdown. Individually, the results might appear simply as yet more interesting curiosities about the pandemic. Considered together, however, and one begins to see the potential unraveling of the broader U.S. innovation tapestry required to support long-term economic prosperity.
Congressional moves to increase R&D
While President Biden’s infrastructure proposal with heavy investments in science, technology and innovation garnered most of the press attention in the last week, a number of other developments occurred in or impacting federal policy, including:
Commentary: American Jobs Plan — Moving Forward
Much of the public policy and governmental spending focus to date regarding COVID recovery has been just that: recovery. The infrastructure proposal, the America Jobs Plan (AJP), President Biden unveiled this week represents his proposal to start moving forward. In remarks about the proposal, he described it as “not a plan that tinkers around the edges,” a “once-in-a-generation investment” that will lead to “transformational progress.”
Report: Heartland stands to benefit most from reshoring
The COVID-19 pandemic highlighted the country’s reliance on overseas manufacturing production when there was a lack of medical supplies and equipment to treat those affected by the virus as supply chains were reliant on supplies from outside the country. A recent report from Heartland Forward finds that many domestic and foreign companies are recognizing the strategic advantages of locating in the U.S. and are considering reshoring operations.
Racial wealth divide: Why being neutral is not enough
How likely would you be to leave your current job to form a startup if you had $3,600 in the bank? Would your interest increase if you had $147,000? While neither amount is enough to scale a business, the latter case obviously affords more cushion to learn the ropes or absorb the impacts of a few missed paychecks. These amounts are the median wealth for black and white households, respectively, according to a new report by the Institute for Policy Studies.
How likely would you be to leave your current job to form a startup if you had $3,600 in the bank? Would your interest increase if you had $147,000? While neither amount is enough to scale a business, the latter case obviously affords more cushion to learn the ropes or absorb the impacts of a few missed paychecks. These amounts are the median wealth for black and white households, respectively, according to a new report by the Institute for Policy Studies. While the report does not directly look to entrepreneurship as a factor — nor, notably, as a solution — the implications for regional innovation economies are clear.