SSTI encourages its member organizations to sign onto a letter to Congress organized by NDD United, a broad coalition advocating for parity under sequestration for non-defense discretionary (NDD) funding and defense funding. The current leadership in Congress has made clear its priority to increase defense department spending at the expense of nondefense domestic spending, which includes programs under the EDA, SBA, NIST, NIH, NSF, the Department of Education, and more.

Practitioners in the technology-based economic development field often face questions about what they do, or what the field entails. The answer can be a challenge. Is it attracting high-quality jobs and businesses to an area, finding capital to finance science and tech startups, STEM education support, educating a new workforce, bringing research ideas to the marketplace, partnering with other organizations to achieve all those goals? It can be a mouthful, and it can be difficult to convey all those ideas in simple terms.

Whether measuring the nature of the economy or determining the impact of economic development programs, finding the right indicators and metrics is critical. And a new set of questions is arising for economic development practitioners: Who gets credit for impact when multiple organizations provide services to the same company? When impacts may be long-term, what is the best way to gauge success in the short term? These and other questions will be explored during the conference session on Measuring Impacts: Where We Stand and Where We Need to Go at this year’s annual SSTI conference.

John Lettieri, co-founder of Economic Innovation Group (EIG) and its senior director for Policy and Strategy, and Pamela Lewis, the director of the New Economy Initiative (NEI), have joined the speaker line-up of the SSTI Annual Conference, Innovation with Purpose: Shaping Future Opportunities, as part of the Bold Ideas for Innovation with Purpose opening plenary session.

In less than a week, about 300 professionals, stakeholders, policymakers, and others working to encourage economic prosperity through science, technology, innovation and entrepreneurship will gather in Columbus to hear and share the latest news, trends and advancements at the SSTI Annual Conference. It is fitting that the conference is being held in Columbus this year, as the city itself is being recognized for its activity and growth. Columbus recently was named by Money magazine as the Best in the Midwest in their Best Big Cities ranking. It also placed first in the Midwest for visitor satisfaction and in the top 10 overall, according to another recent survey.

Columbus, OH – Celebrating the 10^th anniversary of its Excellence in Technology Based Economic Development awards, SSTI today announced four winners driving prosperity in their states and regions through innovative approaches to growing their economies and creating high-paying jobs.

SSTI’s Innovation Advocacy Council has sent letters to congressional leadership outlining emergency actions needed to support tech- and innovation-driven businesses and recovery-focused programs to leverage American ingenuity for economic stimulus. The letters call for expanding SBA’s technical assistance to startups, leveraging EDA’s Build to Scale program, catalyzing new programs for equity investment and commercialization, and incorporating innovation into any infrastructure initiative.

Advances in science and technology have lifted the United States out of past economic downturns, and Americans are eager for a new commitment to research and innovation to be made now. Even at the outset of unprecedented economic conditions, more than 90 percent of the electorate supported expanded efforts to strengthen the key elements of a knowledge-driven economy.

These are among the findings of a recent poll conducted by GQR and TargetPoint Consulting for SSTI.

SSTI is launching a new initiative to improve innovation policy across the country with support from the Ewing Marion Kauffman Foundation. To achieve the goal of improving innovation policy, SSTI will be working with its members and other entrepreneurial support organizations to cultivate new policy champions from the ground up.

Join us for a special SSTI webinar on June 9th, when U.S. Economic Development Administration representatives will share information regarding $1.5 billion in economic development grants available for coronavirus response and recovery efforts at the local, state and regional levels. The EDA team also will discuss the pending innovation and entrepreneurship challenge component of the funding. Join us to learn more about qualifying for grants, which types of project support/assistance will be funded, how to apply, and more. There will be time for Q&A at the end of the presentation.

SSTI is making Addressing Capital Access in 2021, which had previously been available only to SSTI member organizations, publicly available. The paper is focused on helping states and their partners make the most of the opportunity presented by the newly-refunded State Small Business Credit Initiative (SSBCI 2.0), which provides $10 billion to states to support capital access.

Outlining the need for a new national effort to build regional innovation economies, a panel of experts gave testimony to the Research and Technology subcommittee of the House Committee on Science, Space and Technology, chaired by Rep. Haley Stevens (D-MI). The panel focused on how regions have developed their innovation economies and how those experiences could be replicated across the country with federal support.

A group of technology-related organizations, including SSTI, is asking Congress to support the U.S. Economic Development Administration’s Regional Technology and Innovation Hubs program with additional, substantial appropriations in FY 2024.

SSTI’s 2023 Annual Conference was Sept. 6-8 in Atlanta, and nearly 400 practitioners and policymakers working on tech-based economic development attended to discuss their latest activities, challenges, and successes in strengthening their regional innovation economies. Conference highlights include U.S. Economic Development Administration director Alejandra Y.

SSTI, a national nonprofit organization focused on strengthening initiatives to create a better future through science, technology, innovation and entrepreneurship, seeks a President & CEO, who will work with the SSTI Board of Trustees and staff to set the vision and direction for the organization.

Two weeks ago, I let the SSTI Board of Trustees know that I wanted to step down as President & CEO and that a search for a successor be launched. After leading the organization since its inception in 1996, I had come to the conclusion now was the right time for a new chapter both for SSTI and for me.

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs offer opportunities for small businesses to innovate and secure federal funding for their ideas from eleven U.S. government agencies. Every state in the U.S. assists potential SBIR/STTR companies to increase their chances of success. SSTI has created a new SBIR/STTR resource guide that includes examples of state-level initiatives in four broad categories: 

Last week, as the SSTI Board considered the year that is ahead, the Board asked Dan Berglund to reconsider his decision from earlier in the year to step down. While the election results are uncertain, one certainty now is there will be a change in presidential administration. The Board felt it was important for the field for Berglund to guide the organization through one more presidential transition-- this will now be his fifth.