MI joins NY, TN in Taking a Regional Approach to Economic Development
Recently, Michigan Gov. Rick Snyder announced a statewide Regional Prosperity Initiative — a voluntary, competitive grant process for existing state-designated planning regions and metropolitan planning organizations. The plan will divide the state into 10 zones with the intent of empowering local and regional partners to develop a consensus vision and implementation plan for economic success.
State Biotech Incentives Attract Jobs, But Do Less for Established Firms
States incentives for biotech research have proven to be an effective tool to attract star scientists, innovative firms and high-quality jobs, according to a recent academic article. Enrico Moretti and Daniel J. Wilson examined the performance of state biotech incentives in 11 states and found that these policies demonstrate an impressive ability to draw in firms and researchers from other states and create related jobs in construction and retail.
Global Clinton Initiative Announces Pilot Manufacturing Supply Chain Network, Reports look at U.S. Manufacturing
The Global Clinton Initiative (GCI) and five partner organizations announced a regional pilot program that will create a manufacturing supply chain network to support small- and midsized-manufacturers in the Hudson Valley region of New York. The goal of the pilot program is to create a scalable model that will ultimately provide a framework for a nationwide supply chain network and grow the country’s manufacturing base.
Cities Fight to Address Lingering Digital Divide
A new report from the Pew Internet and American Life Project cites that 20 percent of Americans do not have broadband access, while an additional 10 percent of Americans have broadband access via smartphones. The report suggests that age, educational attainment, and household income continue to be the defining factors for home broadband adoption.
New APRA-E Program Awards $36M for Electric Vehicle Development
Electric vehicles may be gaining momentum.
NASA Transition Continues to Spur University, Industry Partnerships
The winding down of the space shuttle program in Florida’s Space Coast by the Obama administration in 2010 spurred a transition in NASA’s areas of focus, including an increased emphasis on commercializing technologies and industry partnerships. NASA recently announced several new initiatives with tech firms, universities, and state agencies geared toward investing in cutting-edge research and technology and developing an educated workforce.
SUNY Acquisition Demonstrates Prominent Role of Research Centers in Innovation Economy
Well-designed research centers can help bring an innovation ecosystem together through the spillover effects of knowledge dissemination, student learning experiences, local early access to new technologies, and by attracting R&D funding. In New York, Gov. Andrew Cuomo recently announced a $30 million initiative led by SUNY’s College of Nanoscale Science and Engineering (CNSE) to transform and revitalize a vacant building into a hub for smart cities technology companies, research, education and workforce training.
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CT Budget Funds Effort to Double State's STEM Graduates in Ten Years
Connecticut's General Assembly approved a biennial budget that includes major increases for science and technology research and education at the University of Connecticut and a boost in funding for the state's others higher education institutions. The $44 billion budget also includes continued funding for the state's economic development programs.
Ben Franklin Technology Partners Generating Returns to the State and Community
Ben Franklin Technology Partners (BFTP), Pennsylvania's tech-based economic development program, released a joint study by the independent Pennsylvania Economy League and KLIOS Consulting, which determined the economic impact of the organization between 2007-2011. These numbers aggregate the impact of the four regional Ben Franklin Technology Partners.
Final Week to Submit Your Story for National Recognition
Don't miss this opportunity to impress the entire country with the work you're doing to improve local, state and regional economies through tech-based investments. To apply, send us a five page narrative describing your efforts to: Commercialize and Expand Research Capacity; Increase Access to Capital; Build a Culture of Entrepreneurship; and Improve the Competitiveness of Existing Industries. We will also recognize a promising initiative that has demonstrated innovativeness, creativity and a well-defined action plan.
White House Releases Study, Executive Orders To Combat Patent Trolls
As recently explored in an episode of This American Life, high-tech patent litigation has reached unprecedented proportions, with many research-oriented companies now joining the calls to restructure the patent system. This week, the White House released five executive orders and seven legislative recommendations to add transparency to the system and level the playing field for innovators.
With Federal Support, Proof-of-Concept Centers Spur National Innovation
A report from authors Samantha Bradley, Christopher S. Hayter, and Albert N. Link explores the burgeoning role of proof-of-concept centers (PoCC) in supporting the country's innovation infrastructure. The report suggests that shifting dynamics in the global economy will continue to increase the importance of PoCCs in supporting regional innovation and national competitiveness.
Federal Aid to States Will be Cut by $5.1 billion in FY13, According to Study
The current federal FY13 budget under sequestration will reduce the funding level for state aid by $5.1 billion from FY12, according to the study by the Economic Policy Institute, a nonprofit think tank focusing on low- and middle-income labor and economic policy.
Measuring State Success in Science and Technology
The health and potential of a state's innovation ecosystem does not always directly correlate to current economic performance and overall job creation, despite media and policymakers' focus on such metrics. Although they vary across organizations and in scope, indices serve to assess states' assets and processes within their innovation ecosystems.
Nations Establish R&D Networks to Boost Manufacturing Competitiveness
As developed nations slowly rebuild economies damaged by the Great Recession, many are looking to innovation and manufacturing to spur their economic revival. Similar to President Obama's proposed National Network for Manufacturing Innovation (See the March 14, 2011 issue of the Digest), several foreign government are developing networks of manufacturing research and development (R&D) centers to strengthen the ties between research and industrial needs.
Nevada Legislature Approves $10M for Tech Commercialization Fund
Nevada legislators recently approved $10 million in funding for the state's Knowledge Fund, a technology development and commercialization support program first introduced in 2011.
KS, GA, NC and WA look to Increase Small Business Capital Using Securities Exemptions
Since 2011, three states (Kansas, Georgia and North Carolina) have enacted securities exemptions that allow their state's entrepreneurs and small businesses to raise up to $1 million dollars via the sale of securities to residents of the state — Washington lawmakers introduced similar legis
TX, GA, NY, TN Incubators Top Global University Business Incubator Index
Rice University's Rice Alliance for Technology and Entrepreneurship has been named the top university business incubator in the world by the University Business Incubator (UBI) Index based in Sweden. The group reviewed 550 university business incubators and studied 150 incubators to determine the top incubators in the world based on their value for the ecosystem, their value for clients, and their attraction rate and past performance. Other U.S.
Many STEM Jobs Do Not Require Four-Year Degree, Brookings Reports
While policymakers often tout workers in the field of science, technology, engineering and mathematics (STEM) as a critical element of U.S. competitiveness in the global economy, the Brookings Metropolitan Policy Program claims that a narrow definition of STEM occupations neglects vital employees in these technical fields.
NIST Series Explores Economic Impact of Technology
A new series of briefs from the National Institute of Standards and Technology lays out the argument for federal, state and local intervention in the high-tech economy. Authors Gary Anderson and Gregory Tassey suggest that U.S. economic policy places too much emphasis on macrostabilization efforts at the expense of policies targeted to promote technology development and entrepreneurship. They make the argument that one effective approach to federal intervention is through the support of research consortia and regional cluster development programs.
States Position Themselves to Compete in Domestic Drone Industry
While public debate rages over the role of surveillance in our society, one particularly infamous government surveillance technology, drones, is being prepared for private sector deployment in the U.S. Drone-related technologies are predicted to revolutionize commerce in the U.S., with industry projections valuing their initial deployment as an $82 billion boost to the national economy.
Broadband Availability Stratified Between Rural and Urban, City Centers and Suburbs
Seventy-one percent of the rural population had access to basic broadband service compared to 98 percent of the urban population according to a report from the National Telecommunications and Information Administration. The report examines the disparity of broadband availability between rural and urban areas based on 2011 broadband availability data. However, as broadband speeds increase, the access gap between these populations grows.
SBIR Phase I Awards, Proposals by State - FY12
Compiling SBIR Phase I awards and proposal statistics by state for FY12, SSTI finds the 10 states with the most awards in FY12 were California (724), Massachusetts (415), Virginia (207), Maryland (154), Ohio (138), Texas (138), New York (137), Colorado (129), Pennsylvania (124), and Florida (85). Maryland gained two spots rising to fourth place. Ohio and Texas tied for fifth place, while New York and Colorado both fell from their prior year positions.
Staying Ahead of the Crowd: Crowdfunding Strategies for Today
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