Recent Research: Examining how student debt affects mobility
A recent Federal Reserve Bank of Kansas City working paper explores the relationship between inter-state mobility, earnings gains, and initial wealth of young college graduates over time, highlighting the impact of debt. The paper Should I Stay or Should I Go? Inter-state Mobility and Earnings Gains of Young College Graduates by Andrew Glover and José Mustre-del-Río proposes a model to explain the decline in mobility.
Election 2024: gubernatorial campaign positions
Eleven states and two territories, including Puerto Rico, are holding gubernatorial elections this November, with voters in eight of those states (Delaware, Indiana, Missouri, New Hampshire, North Carolina, North Dakota, Washington, and West Virginia) choosing a new governor to replace either a term-limited incumbent or governors who chose not to seek re-election. In Montana, Utah, and Vermont governors are seeking re-election.
UVM Tech Center Advances Governor’s Initiative
The launch of a targeted small business development program designed to foster the success of new high growth, high-tech firms in Vermont was announced last month at a press conference by Sen. Patrick Leahy, Gov. James Douglas and University of Vermont (UVM) President Daniel Fogel.
SSTI 2024 Conference agenda is now online
Connect. Discover. Refresh with your peers in Arizona this December. Our newly released agenda will guide you to immersing yourself at SSTI's 2024 Annual Conference. We will explore nearly the full scope of tech-based economic development in session formats that facilitate conversation, new ideas, and new collaboration opportunities.
Illinois’ Hydrogen Highway Promising For State’s Economy
Hydrogen and fuel cell technologies in Illinois could produce sustainable economic growth and environmental benefits for years to come, suggests a report recently released by the Illinois Coalition. Prepared by the Illinois 2 H2 Partnership, The Hydrogen Highway: Illinois’ Path to a Sustainable Economy and Environment looks to establish the state as an international leader in the fuel cell industry.
West Virginia Passes Two TBED Tax Credits
The jury's still out on the appropriate role or effectiveness of most tax credits to encourage tech-based economic development (TBED), but most politicians and economic development practitioners believe their state is at a competitive disadvantage without at least a few breaks.
Studies Offer Conflicting Forecasts for Foundation Giving in 2004
Separate reports from the Foundation Center and The Chronicle of Philanthropy indicate that foundations will continue to see their assets recover in 2004. The studies provide differing views on estimated growth in giving for the upcoming year, however.
Useful Stats: Top 100 Wireless Cities, Colleges
America loves lists of the top "fill in a number" for almost anything. When the almost anything is actually useful information, then a community or state's ranking can help guide public policy discussion toward moving up or down the list as would be deemed most desirable.
New Resources: ACA Launches Website
Best practices and a how to guide written by real practitioners of angel financing are just two of the new resources available through the Angel Capital Association (ACA). The following papers for understanding and growing a local seed capital activity within a region are available through the association's website:
People
Several staff changes occur within the U.S. Department of Commerce:
People
Several staff changes occur within the U.S. Department of Commerce:
People
Scott Davis will be the new director for the University of Arizona Office of Economic Development.
People
Dave Eater has announced his departure from the New Jersey Science and Technology Commission.
People
Jill Felix, chief executive officer of the University City Science Center in Philadelphia, has announced she is stepping down.
Recent Research: Gender differences in motivations for academic entrepreneurship
Since the inception of I-Corps, only 20% of participants have been women, according to the 2023 National Science Foundation I-Corps biennial program report.
Webinar recap: Community college strategies for TBED talent development
Listen, refine, apply: Lorain County Community College’s approach to TBED talent development demonstrates a responsive, industry-aligned education strategy. A recent TBED Community of Practice webinar highlighted how this process keeps their semiconductor and microelectronics program in sync with ever-evolving student and industry needs.
A home full of people who understand your work
Doing this work in our separate regions and states, we can feel at times like we're the only ones doing what we do. SSTI recognizes it is even hard to explain your work to friends and family. What is a tech-based economic development practitioner? An ecosystem builder? A commercialization professional?
Useful Stats: Business R&D continues to rise despite inflationary concerns; federal share wanes
Domestic business R&D expenditures have jumped 15% ($89 billion) from 2021 to 2022. This jump continues a decade-long trend of year-over-year increases, as a new 2022 Business Enterprise R&D (BERD) survey shows.
SBA names winners of Regional Innovation Clusters Initiative
The Small Business Administration’s (SBA’s) has announced the Regional Innovation Clusters initiative awards winners. There are 14 winners from a pool of 79 applicants. There are two categories for these awards: emerging and mature clusters.
Election 2024: states’ ballot measure initiatives impacting TBED
Forty-one states and Puerto Rico will vote on 151 statewide ballot measures this fall.
Forty-one states and Puerto Rico will vote on 151 statewide ballot measures this fall.
Many of this year’s measures focus on abortion; citizenship or electoral system reforms (such as Arizona’s Proposition (Prop) 133 and Missouri’s Amendment 7, which would prohibit ranked-choice voting, while Idaho’s Prop 1, Nevada’s Question 3, and Oregon’s Measure 117 would establish ranked-choice voting); criminal justice or drug use policies (including the legalization of recreational (Florida, North Dakota, and South Dakota) or medical (Nebraska) marijuana, as well as certain psychedelic substances (Massachusetts could be the third state to legalize psilocybin); and minimum wage increases. Voters in Alaska, California, Massachusetts, and Missouri will decide on minimum wage increases, with Nebraska voters deciding on an initiative requiring paid sick leave for employees. In Arizona, voters will decide whether tipped workers should be paid 25% less per hour than minimum wage.
A dozen initiatives would impact tech-based economic development—providing funding for initiatives, changing the electoral or redistricting system, altering taxes, or modifying the governance of higher education.
People
Marye Ann Fox, chancellor of North Carolina State University, is moving on to become chancellor of the University of California, San Diego.
People
Don Gentry, vice provost for engagement at Purdue University, has announced his retirement.
People
South Dakota Gov. Mike Rounds has appointed Jim Hagen to serve as secretary of the governor's Office of Economic Development.
People
Pam Inmann is the new executive director of the Western Governors Association.
People
Massachusetts Gov. Mitt Romney appointed Ranch Kimball to serve as his new economic development secretary.