Recent Research: The paradox of progress: How narrowing pay gaps might perpetuate gender inequality
A recent working paper from the Federal Reserve Bank of Boston, Self-reinforcing Glass Ceilings by Carlos F. Avenancio-León, Alessio Piccolo, and Leslie Sheng Shen delves into the complexities of the gender pay gap, even after it has narrowed. The authors challenge the conventional understanding that a shrinking gender pay gap automatically leads to greater gender equality.
Useful Stats: State trends in higher education R&D expenditures
Higher education R&D expenditures, while continuing to steadily increase, have not grown evenly across state lines. This matters to successful TBED policymakers because a strong R&D enterprise within a state’s public and private institutions of higher education can and should provide a consistent source of skilled workers, new technology, and sources for innovation-driven business growth. So where is R&D growing?
Federal advisory committees offer recommendations for SBA to improve the global competitiveness of US entrepreneurs
The United States’ global competitiveness rank, as calculated by the International Institute of for Management Development, fell three points from 9th in 2023 to 12th in 2024. The nation’s ranking for government efficiency had an even sharper drop of nine points, from 25th in 2023 to 34th in 2024. In timely response to these trends, two federal advisory committees recently submitted reports outlining ways for the U.S.
SSTI updates Key Technology Area Investment Data Tool through 2024
The new Tech Hub awards from EDA and the National Science Foundation’s (NSF) Regional Innovation Engines (Engines) program support regions advancing a critical technology area with existing traction in their region but for proposers, identifying such areas is often challenging.
TBED Community of Practice webinar: SBA’s Growth Accelerator Fund Competition in action
January 22, 2025, at 2:00 PM ET | Zoom
EDA reauthorized: What are the key implications?
President Biden signed legislation that reauthorized the Economic Development Administration (EDA) on Jan. 4. With the Heritage Foundation, among others, consistently calling for EDA’s elimination, EDA’s reauthorization is no small feat on its own. The strong bipartisan support for the bill, which included provisions related to water resources development, is perhaps even more remarkable.
EDA adds six more TechHubs with a $210M disbursement
The U.S. Department of Commerce’s Economic Development Administration (EDA) announced awards totaling approximately $210 million in implementation grants, ranging between approximately $22 million and $48 million, to six Tech Hub designees from recently passed appropriations from Congress.
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.
European Commission group suggests ways to maximize the impact of EU research and innovation programs
The European Union is engaged in a debate about changing its systems for R&D funding, the first potentially significant changes since its current framework program began in 1984. A group of 15 individuals from research and industry selected by the European Commission last year has submitted a report, Align, act, accelerate, which gives recommendations for overhauling the system.
Tennessee finds that free college isn’t enough. Many students need coaching to get them over the finish line.
When Tennessee reported on its first cohort of students after implementing Tennessee Promise, the nation’s first statewide free community college effort, SSTI reported on the program’s impressive early results. The graduation rate had increased over the previous year’s non-Promise cohort, and overall, 3,257 students in the 2015 cohort earned a degree or certificate within five semesters, an 82% increase over the pre-Promise 2014 group.
Task force calls for a national strategy to enhance the value of higher education degrees
As SSTI reported earlier this fall in its series of articles on higher education, college tuition and student loan debt are rising.
Come to the SSTI Annual Conference, where we will consider the election results together
Since the pandemic, those working on local prosperity through the nexus of science, technology, innovation, and entrepreneurship—the four cornerstones of SSTI’s mission—have seen the largest investment yet by the federal government to catalyze and support their work. It awakened teams of organizations across the country in virtually every city, institution of higher education or region to start or improve innovation-centered economic development strategies.
Election 2024 results: Gubernatorial
While most of the country’s attention has been on the contests for control of the White House and Congress, eleven states and two territories, including Puerto Rico, held gubernatorial elections on Nov. 5.
NATCAST selects CA, NY for semiconductor R&D facilities
NATCAST, the operator of the National Semiconductor Technology Center (NSTC) tasked with bolstering the United States' semiconductor industry, announced Albany NY and Sunnyvale CA as the locations for two major R&D facilities. The funding comes from the CHIPS and Science Act of 2022, legislation aimed at revitalizing American semiconductor manufacturing and research.
Canadian program similar to SBIR faces big budget cuts
The Innovative Solutions Canada (ISC) program is often compared to the U.S. Small Business Innovative Research (SBIR) program. And, like the SBIR program, ISC has faced criticism from skeptics despite metrics that show the program delivers high returns on investment. When Canada’s Budget 2023 Initiative recommended reallocating 14.1 billion Canadian dollars (CAD) in federal spending, each Ministry was tasked to identify programs that did not address the government’s top priorities.
Group calls for cross-region action to address semiconductor labor shortages
For the United States to achieve greater security in chip manufacturing, the critical sector requires a much larger, better trained workforce.
Research provides insights into how employees are using AI and their concerns about the technology
If you’re leading a knowledge work[1] organization and considering introducing generative artificial intelligence into your workflow, it likely would be helpful to know how its use may impact the day-to-day aspects of your team’s work, and the potential risks involved.
TBED101: Distinguishing critical and emerging technologies in policy
Note: TBED101 is a new, occasional series for Digest readers visiting and revisiting fundamental topics for nurturing strong regional innovation economies. SSTI is introducing this series, with EDA support, as the field has entered one of its most significant periods of disruption and change in its 45-year history.
With $93M injection, New Mexico boosts its support for TBED
The list of technology-based economic development initiatives within the newly created Technology and Innovation Office of the New Mexico Economic Development Department covers the spectrum of critical policy aspects required for a strong state innovation economy: increasing R&D, business incubation, targeted emerging technologies and strong existing assets, startup capital, venture development, and innovation talent development and recruitment.
Innovation Advocacy Council convening for update on DC budget activities affecting TBED
On June 3, SSTI will host a webinar exclusively for Innovation Advocacy Council members to receive an in-depth update on many of the confusing factors in play in the federal policy and budget environments—the key factors influencing the future of your state, regional and university TBED strategies. IAC partners at Van Scoyoc & Associates will be on hand to provide the latest news from the Hill and answer questions to help make sense of any new developments.