While the conditions of the U.S. economy continue to hinder growth, stability and efficiency in the financial markets and a positive assessment of public institutions have helped improve the nation’s competitiveness and reverse a four-year downward trend. In World Economic Forum’s Global Competitiveness Index 2013-14, the U.S. moved into the number five spot, up from seventh last year, overtaking the Netherlands and Sweden. For the second year in a row, Switzerland, Singapore and Finland held onto their first, second and third rankings, respectively.

According to the National Science Foundation’s (NSF) Higher Education Research and Development (HERD) Survey the percentage of university R&D funded by private sector investment has remained mostly stable since the late 1970s, hovering between 5 percent and 7 percent of total R&D expenditures. In FY 2011 the private sector invested $3.2 billion, or 4.9 percent of the total $65 billion university R&D expenditures.

Early data from a number of sources indicates that the venture capital market continued its resuscitation from the 2008 crisis during the third quarter of 2013. CB Insights reports that 857 venture deals representing $7.2 billion were completed last quarter, which, by their data, would be the highest rate of dealflow since the dotcom era. Other sources report a similar number of deals, but find that some quarters in recent years have been more active.

Hoping to draw attention to declining federal funding for basic research, a nonprofit group of public and private research universities unveiled a report highlighting the success of 100 companies that trace their roots to a federally funded research university. Of the companies highlighted, 89 remain in business today, which is far better than the U.S. average new business survival rate of 50 percent after five years, the report notes. Moreover, 16 of the 20 youngest companies (less than five years old) also remain in business.

State government agencies spent $1.4 billion on research in FY11, an 11.3 percent increase over the previous year, according to a release from the National Science Foundation. Much of the increase was concentrated in the top five states, New York, Ohio, Florida, California and Pennsylvania, which together represent about 51 percent of total U.S. state R&D spending.

U.S. spending on higher education research and development (R&D) declined in FY12 (after adjustments for inflation) for the first time in almost 40 years, according to data from the National Science Foundation (NSF). The decrease marks the end of a period of modest growth since 2009 in which R&D expenditures increased at an average of five percent each year. While data on higher education R&D spending by state is not yet available for FY12, NSF has released state data through FY11, including expenditures by funding source

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.

North Carolina is rich in resources to support a thriving innovation ecosystem. But despite its strengths, several factors are preventing the state from reaching its full potential to fuel and sustain strong economic growth. These and other findings are outlined in a recent report tracking the state's performance in 38 measures related to innovation assets, activities and trends. The fourth in a series of indexes produced over the past 13 years, the report benchmarks North Carolina with six key comparison states, the U.S. overall and leading countries.

Of the 118 university-based startups launched in Illinois between 2006-13, about 73 percent remain in the state, according to the latest issue of the Illinois Innovation Index. The 2013 fourth quarter report of the Index focuses on the recent strides made by the state in building a stronger technology transfer pipeline. During the five-year period of 2008-12, Illinois universities received 47 percent more patents than they did during the 2003-07 period, almost triple the national growth rate.