Recommendations outlined for building better supply chains, revitalizing manufacturing and fostering broad-based growth
The White House has released reviews from the Departments of Commerce, Energy, Defense, and Health and Human Services in response to the president’s Executive Order on “America’s Supply Chains.” Vulnerabilities in supply chains were assessed in four key product areas: semiconductor manufacturing and advanced packaging; large capacity batteries; critical mineral and materials; and, pharmaceuticals and advanced pharm
SSTI, 100+ organizations ask Congress to reauthorize SBIR/STTR
SSTI and the Small Business Technology Council circulated a letter to Congress calling for reauthorization of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The letter has been signed by more than 100 organizations, including the U.S. Chamber of Commerce, Angel Capital Association, Association of University Research Parks and dozens of SSTI members. Without congressional action, the programs will expire at the end of the current fiscal year.
NASEM report recommends a way forward to increase antiracism, diversity, equity and inclusion in STEMM
A report many years in the making was released this week by the National Academies of Science, Engineering and Medicine (NASEM) that, for the first time in the organization’s history, confronts racism in its title. After the summer of 2020, following the murder of George Floyd and the Black Lives Matter protests, federal agencies and private foundations prioritized sponsoring a report on antiracism and diversity, equity and inclusion, focused on science, technology, engineering, math and medicine (STEMM).
SSTI submits letter to CDFI Fund on equity certification
In response to a request for information, SSTI submitted a letter to the U.S. Department of Treasury’s CDFI Fund about the certification process and standards for community development financial institutions (CDFIs). Just 1.4 percent of all CDFIs and 0.2 percent of total assets are registered by the CDFI Fund as “venture capital,” which is concerning given the importance of equity for many startups.
Clinton Innovation Agenda Addresses TBED Priorities
The Clinton campaign released on Tuesday, Hillary Clinton’s Initiative on Technology & Innovation, a wide-ranging platform with a heavy emphasis on technology-based economic development.
Pittsburgh at precipice of innovation initiative
Recognizing that the former steel city was at tipping point in its development, Pittsburgh’s city leaders decided to tip the scale toward continued growth. Whether the city is able to rise to the level of a serious global competitor may hinge on the implementation of initiatives that will guide the city in capitalizing on their innovation, research and business assets, according to a new report from the Brookings Institution. Pittsburgh leaders received a call to action as a result of a collaborative effort initiated by two city foundations and the Brookings Institution.
US opinion of manufacturing more favorable
In its latest survey of U.S. public perception of manufacturing, Deloitte and The Manufacturing Institute found that the majority of Americans surveyed (roughly 8 in 10) view manufacturing as vital to maintaining economic prosperity in the country, but less than 5 in 10 find those jobs interesting or secure, and less than 3 in 10 would encourage their children to pursue a manufacturing career. However, respondents also said they believe future manufacturing jobs will require high-tech skills, be clean, safe and more innovative.
In its latest survey of U.S. public perception of manufacturing, Deloitte and The Manufacturing Institute found that the majority of Americans surveyed (roughly 8 in 10) view manufacturing as vital to maintaining economic prosperity in the country, but less than 5 in 10 find those jobs interesting or secure, and less than 3 in 10 would encourage their children to pursue a manufacturing career. However, respondents also said they believe future manufacturing jobs will require high-tech skills, be clean, safe and more innovative. That opportunity to build on the positive perceptions already present and dispelling the myths surrounding manufacturing jobs are explored in A look ahead; How modern manufacturers can create positive perceptions with the US public. The authors note that with such findings, “manufacturers could benefit from uplifting current perceptions and tapping into the future vision in order to help attract talent, both young and old, to the industry.”
Arizona Maps Out Strategy for Next Decade of Bioscience Growth
Arizona is in a better position to emerge as a global player in biosciences that it was a decade ago, according to a new roadmap from the Flinn Foundation. Building on an initial strategic document released in 2002, the updated strategy offers 77 potential actions the state could pursue to support bioscience entrepreneurship, research translation, talent development, institutional connectivity and collaborations.
St Louis Targets Entrepreneurs, Foreign-Born Residents for Economic Growth
The St. Louis Economic Development Partnership, a group created when the St. Louis County Economic Council and the city’s St. Louis Development Corp. merged last year, has released an ambitious economic strategy for the region. Planners are calling for collaboration between the region’s economic development organizations and startup initiatives, such as Accelerate St.
U.S. Companies Report Water Issues Impact Site Selection, Strategic Planning
In a recent Pacific Institute and Vox Global survey, about 80 percent of U.S. companies reported that water availability has become an issue for their business, particularly among firms in the South and Southwestern regions of the country. About 63 percent said water issues would affect their future location decisions, and more than half reported that they expected water scarcity to impact their growth and profitability over the next five years.
NIH Recommends $4.5B Over 10 Years for BRAIN Initiative
National Institute of Health (NIH) Director Francis S. Collins has accepted recommendations from an NIH working group that call for increased investment in the federal government’s effort to map and understand the human brain. Under the recommended plan, the initiative would receive $400 million each year between 2016-20, which would grow to $500 million a year for 2021-25. The BRAIN Initiative is a multi-agency effort, supported by NIH, Defense Advanced Research Projects Agency of the U.S. Department of Defense, National Science Foundation and Food and Drug Administration.
White House Enlists Makers, Cities to Spur National Manufacturing Economy
This week, the White House hosted its first Maker Faire where President Obama announced a number of new public-private collaborative efforts to spur U.S. manufacturing entrepreneurship. In order to capitalize on the recent spike in manufacturing entrepreneurship, the administration is enlisting more than 90 mayors and local leaders to make new spaces available for manufacturing and prototyping.
OSTP Invites Public Comments for Update to Strategy for American Innovation
The Office of Science and Technology Policy announced a public comment period that will assist in the development of an upcoming update of the Strategy for American Innovation. Via a notice of Request for Information (RFI), individuals and organizations have the opportunity to provide input on one or more of nine topic areas:
Digital skills imperative in changing nature of workforce
Two recent reports detail the changing nature of jobs and highlight the importance of digital skills for the workforce. To guard against a greater income divide and ensure a competitive workforce, the studies — one from Brookings and the other from the McKinsey Global Institute — outline policy prescriptions that may ease the transition.
National priorities outlined to improve higher ed outcomes
Asserting that the country’s future competitiveness is linked to a quality education, a recent report from the American Academy of Arts and Sciences Commission on the Future of Undergraduate Education argues that the completion rate of students pursuing post-secondary education must be increased.
Asserting that the country’s future competitiveness is linked to a quality education, a recent report from the American Academy of Arts and Sciences Commission on the Future of Undergraduate Education argues that the completion rate of students pursuing post-secondary education must be increased. The report, The Future of Undergraduate Education, The Future of America, found that while nearly 90 percent of high school graduates expect to enroll in an undergraduate institution at some point, completion rates at those institutions average about 60 percent for students pursuing a bachelor's degree and 30 percent for students pursuing associate's degrees and certificates, with significant disparities within those categories by gender, race/ethnicity, and socioeconomic status. To address the problem, three national priorities are outlined: improving students' educational experience; boosting completion rates and reducing inequities; and controlling costs and ensuring affordability.
Sustainability of the Economic Climate in Rhode Island
In the wake of a potential overhaul to the state's economic development strategy, Gov. Lincoln Chafee received two reports analyzing the strengths and weaknesses of Rhode Island's existing industry clusters and identifying potential new opportunities. The reports provide guidance for consideration by the Sustainable Rhode Island Initiative, a multi-agency effort to develop an integrated approach for the state related to land use, transportation, housing and economic development.
Helping Small- and Mid-Sized Manufacturers Reach Their Export Potential
The Great Recession forced a number of U.S. manufacturers and service providers to look outside national borders to not only succeed, but to survive in the face of a weak domestic market. In their latest report, On the Threshold: Refocusing U.S. Export Assistance Strategy for Manufacturers, Stone & Associates argues that the U.S. must focus on bolstering manufacturing exports as a way to lessen U.S. reliance on its domestic market, reduce the trade deficit, and foster job creation.
MIT Commission Finds Manufacturing Collaboration Key to U.S. Innovation Future
Last week, the Massachusetts Institute of Technology’s (MIT) Production in an Innovation Economy (PIE) Commission released its findings from two years of research on how to remove the barriers that prevent the U.S. from turning its strengths in science and research into jobs, businesses and products. In order to ensure that American innovations reach the marketplace, the U.S. must rebuild its manufacturing sector, with particular focus on improving the support ecosystem for smaller advanced manufacturing firms, according to the commission.
Federal Agencies Adopt Open Data Model to Spur Innovation, Entrepreneurship
This week, the White House Office of Science and Technology Policy (OSTP) released a wide-ranging roundup of new and ongoing efforts to leverage availability of large, accessible data sets to spur innovation. While many of these efforts were focused on supporting research on the potential of big data, several agency efforts are using the model of open data app competitions to fuel private-sector business creation.
EPSCoR Vital to Nation's Research Enterprise, According to National Academies
The federal, cross-agency Experimental Program to Stimulate Competitive Research (EPSCoR) has proven so invaluable to developing STEM expertise across the country that the word "experimental" should be removed from its name, according to a comprehensive new report from the National Academies. The academies, however, recommend that the program be restructured to create a more rigorous competitive process for research projects and improve project evaluation. Download the report...
Time for a Paradigm Shift in University-Industry Collaboration, According to Report
University-industry collaborations need a paradigm shift from the traditional one-way knowledge transfer model to a two-way knowledge co-creation model, according to a new report from the Big Innovation Centre (BIC) — Collaborate to Innovate.
Anchor Institutions Can Play Big Role in Local Job Creation
In the evolving American economy, TBED is increasingly looked to as a potential driver of inclusive competitiveness, expanding and deepening economic opportunity for communities that suffer from poverty and unemployment. The Regional Federal Reserve Banks have been leading efforts to study the linkages between economic and community development and this week hosted a Connecting Communities webinar on Redefining the Rust Belt: The Role of Anchor Institutions and the Arts.
States, Metros Turning to Ballot Initiatives to Strengthen Economies, According to Brookings
A growing number of states and localities, stymied by conventional budgetary processes, are seeking financial support for economic development initiatives through alternative means, according to a new report from the Brookings Institution. Many regions are instead turning to legislative referendums and citizen-driven ballot initiatives to support large-scale economic initiatives. Authors Jessica A. Lee, Mark Muro and Bruce Katz offer several recent examples of state innovation, education and infrastructure projects funded through ballot measures.
ITIF Offers Strategy To Reignite American Competitiveness Through COMPETES Act Reauthorization
U.S. innovation policy, which in the latter half of the twentieth century became focused on massive federal investment in basic research, is no longer tenable, according to a new report from the Information Technology and Innovation Foundation (ITIF). In the post-World War II era, the federal government funded a wide variety of costly basic research projects at U.S. universities and federal laboratories without a guiding economic strategy for these investments.
New Report Highlights Best Practices in Manufacturing Policy, Importance of Global Supply Chains
Manufacturing creates more high-value jobs than any sector in the global economy and is essential to sustainable economic growth in both the developing and developed world, according to the Manufacturing for Growth – Strategies for Driving Growth and Employment from the World Economic Forum (WEF). Written in collaboration with Deloitte LLP, the three-volume series of reports examines key trends, effective strategies and best practices related to the global manufacturing sector in three key areas: