Useful Stats: Performance of total R&D by state (2002-2016)
This month, SSTI research has examined changes in total R&D and total R&D intensity for each state over a 15-year period from 2002 to 2016. In this final installment of the series, this article looks at how the performance of R&D in the states changed over time.
House passes robust budgets for science, entrepreneurship
The U.S. House has now passed 10 of the 12 annual appropriations bills that fund federal agencies. Agencies with House-approved budgets include the Department of Commerce, Department of Energy, National Institutes of Health, National Science Foundation, and Small Business Administration. Federal R&D and Commerce’s Regional Innovation Strategies would see substantial increases, and — due to amendments made on the House floor — SBA’s accelerators and clusters programs would retain their funding.
Key innovation officials speak with SSTI senior leaders
At this week’s SSTI 2019 Dialogue in Washington, D.C., senior leaders from 30 member organizations talked innovation policy and opportunities with each other and with federal leaders. Those speaking with us at the event included: Congresswoman and research and technology subcommittee chair Haley Stevens; EDA Director John Fleming; NIST associate director for innovation and industry services Phillip Singerman; NIH deputy director for the office of extramural research Jodi Black; and Senate small business committee professional staff member Renée Bender.
Senate approved revamped Regional Innovation Strategies as part of defense bill
Thanks to leadership by Senators Jerry Moran (R-Kan.) and Chris Coons (D-Del.), the Senate approved a revamped authorization of the Regional Innovation Strategies program (RIS) as part of its National Defense Authorization Act for FY 2020 (NDAA). The bill would extend the program’s funding authority to $50 million per year through FY 2024.
New A.T. Kearney report fuels debate over U.S. trade policy’s effect on reshoring
A recent report from global management consulting firm A.T. Kearney calls into doubt the ability of U.S. trade policy in encouraging domestic manufacturing firms to reshore their production efforts. Following the government’s release of 2018 trade data, A.T. Kearney published the findings from its sixth annual Reshoring Index, which compares year-over-year changes in U.S.
A recent report from global management consulting firm A.T. Kearney calls into doubt the ability of U.S. trade policy in encouraging domestic manufacturing firms to reshore their production efforts. Following the government’s release of 2018 trade data, A.T. Kearney published the findings from its sixth annual Reshoring Index, which compares year-over-year changes in U.S. manufacturing gross output to imports of manufactured goods from 14 traditionally low-cost country (LCC) trading partners in Asia.
Air Force Pitch Days showing signs of early success, 10 more scheduled in 2019
In response to its shrinking industrial base and having identified a gap in its ability to rapidly acquire and deploy innovative technologies, the U.S. Air Force (USAF) recently made some changes to its SBIR/STTR program. The new Pitch Days have already met with success and 10 more Pitch Days have been scheduled in 2019.
In response to its shrinking industrial base and having identified a gap in its ability to rapidly acquire and deploy innovative technologies, the U.S. Air Force (USAF) recently made some changes to its SBIR/STTR program. The new Pitch Days have already met with success and 10 more Pitch Days have been scheduled in 2019. The USAF expects to make its roughly $660 million of annual SBIR/STTR funding more easily available to a greater number of startup companies, thereby greatly expanding its industrial base, encouraging innovation and small business generation, and filling the innovation void left by the large prime contractors.
Sustained Commitment Results in Significant Impact
State and regional innovation programs continue to encourage significant economic growth across the country. The most recent example of the impact programs are having comes from JumpStart, a Cleveland-based venture development organization, which recently released its 2018 economic impact report. It found that companies in Ohio and New York fostered by JumpStart generated more than $1 billion in economic impact. This increased the cumulative JumpStart total to $6.6 billion since 2010.
Science and engineering fields not representative of US population
Women, persons with disabilities and some minority groups are underrepresented in science and engineering (S&E) when compared to the overall population, according to the latest data from the National Center for Science and Engineering Statistics (NCSES). Although women have reached parity with men among S&E bachelor’s degree recipients — half of S&E bachelor’s degrees were awarded to women in 2016 — they are still underrepresented in S&E occupations.
$350M initiative to help prepare for future of work
JPMorgan Chase has announced a new $350 million, five-year global initiative intended to meet the growing demand for skilled workers. The New Skills at Work investment will support community college and other non-traditional career pathway programs. It focuses on creating economic mobility and career pathways for underserved populations, as well as helping to forecast emerging skillsets for JPMorgan Chase employees.
Female-led startups and investors face uphill battle in VC industry
Both female-founded startups and female investors have seen slow progress over the past 10 years, and still face an uphill battle for equality in the venture capital industry. While the deal count for companies founded solely by women has more than quadrupled since 2008, the share of venture dollar invested has remained nearly flat, hovering around 2.0 percent over the same time, according to PitchBook.
Family-owned manufacturers lacking succession plans; negative economic impact forecast
One of the most important economic development issues facing communities across the country, especially those reliant on family-owned manufacturing firms, may sometimes fly under the radar: succession planning. A robust study from the Great Cities Institute at the University of Illinois-Chicago combines qualitative (literature review, survey, and interviews) and quantitative analyses (economic impact report) to shed light on this issue, with a focus on the Chicago metropolitan area.
Regional Innovation Strategies deadline April 4
EDA is currently soliciting proposals for $23.5 million in Regional Innovation Strategies (i6 Challenge and Seed Fund Support), and submissions are due April 4. For those looking for more information, EDA’s website contains profiles of all past awardees, and SSTI has a collection of past webinars, including the informational webinar for the current opportunity.
Dozens of organizations state support for Regional Innovation Strategies
More than 50 current and former program awardees, along with 11 tech-based economic development-focused organizations led by SSTI have signed letters supporting the Regional Innovation Strategies program at EDA. Since 2014, when the program first received funding, EDA has funded 180 projects across nearly every state, D.C., and Puerto Rico. In FY 2019, Congress appropriated $23.5 million. These projects have supported specific regional activities, including mission-focused seed investing in Kansas, maritime tech demonstrations in Washington, and incubator services in Florida.
Report highlights grassroots strategies for shared prosperity and inclusive job growth
In an effort to inform grassroots economic development in rural communities and small- and mid-sized cities, a new report from the Upjohn Institute identifies collaborative strategies that do not necessarily rely on government funding or philanthropic gifts.
In an effort to inform grassroots economic development in rural communities and small- and mid-sized cities, a new report from the Upjohn Institute identifies collaborative strategies that do not necessarily rely on government funding or philanthropic gifts. The report, Building Shared Prosperity: How Communities Can Create Good Jobs for All, is based on findings from Upjohn’s Promise: Investing in Community initiative, which focuses on place-based scholarships, local labor market issues, and economic development policy.
Useful Stats: Sources of funds for R&D at colleges and universities, by state
Outside of the private sector, colleges and universities perform the vast majority of R&D in the United States – but where do these funds come from? An SSTI analysis of data from the National Science Foundation’s National Center for Science and Engineering Statistics (NSF NCSES) finds that, across the country, the federal government was the source of more than half (53.5 percent) of all R&D performed at colleges and universities in 2017. Institutional funds (25.1 percent), nonprofit organizations (6.8 percent), businesses (5.9 percent), state and local governments (5.6 percent), and other sources (3.0 percent) comprised the remaining sources of higher education R&D funding. The interactive chart below shows the breakdown of funding sources for research and development at colleges and universities for each state.
NSF piloting new convergence accelerator
NSF is inviting interested parties to participate in a new endeavor, the Convergence Accelerator Pilot (NSF C-Accel). The NSF C-Accel Pilot seeks to accelerate use-inspired convergence research in areas of national importance by facilitating convergent team-building capacity around exploratory, potentially high-risk proposals.
Research briefs offer glimpse into American life
If you are feeling that your money is not buying as much as it used to, that delinquent crime may be increasing as teenagers sit idle, that there is not enough focus on climate change or that corporate responsibility may be lacking, you may validate those feelings through the findings of several recently released research papers. SSTI received notice of the conclusions of five working papers that we thought we’d share.
The Trade War is increasing U.S prices, declines in real income.
Americans vision of the future bleak; science holds hope
A smattering of recent opinion polls and research papers looking to the future have revealed some grim perceptions about the economy and environment, but a more positive opinion of the role for science and technology (S&T) emerges.
DOE announces $70 M for cybersecurity institute for energy efficient manufacturing
This week, the U.S. Department of Energy (DOE) announced up to $70 million for a Clean Energy Manufacturing Innovation Institute to develop technologies that will advance U.S. manufacturing competitiveness, energy efficiency, and innovation. This institute will focus on early-stage research for advancing cybersecurity in energy efficient manufacturing.
Kresge encourages OZ reporting with further investor incentives
Many people have noticed that the Opportunity Zones tax incentive, intended to encourage investments in economically-distressed areas, lacks the type of reporting requirements that could help determine the real impacts of the incentive. Kresge Foundation is one organization that has been concerned by this information gap and has been working to implement solutions. The ultimate impact of Kresge’s latest effort is to provide further investor incentives in exchange for reporting compliance.
Useful stats: Labor force participation and employment by state and metro status, 2013-2017
The U.S. unemployment rate is near its 50-year low, but the portion of the population in the labor force is also near a 40-year low.
Innovation, broadband, higher education initiatives get state support
Innovation initiatives are seeing increased funding in some states as legislatures across the country begin to finalize budget bills and other legislation. SSTI continues to monitor these developments and this week we cover budget bills in Idaho that saw small increases to the Manufacturing Extension Partnership (MEP) program, as well as increases in the Small Business Development Center (SBDC) and STEM Action Center, and new funding for a computer science initiative. South Dakota will see an increase in funding for the Governor’s Office of Economic Development and West Virginia passed bills creating an SBIR/STTR matching grant program, support for community and technical college tuition assistance, expansion of broadband service, and other innovation-related initiatives in its budget that passed earlier in March.
Report offers guidance for university-community partnerships in urban areas
University-based economic development practitioners seeking to improve their relationships with urban areas have a new resource guide available to them, thanks to research from the Thriving Cities Lab at the University of Virginia’s Institute for Advanced Studies in Culture.
University-based economic development practitioners seeking to improve their relationships with urban areas have a new resource guide available to them, thanks to research from the Thriving Cities Lab at the University of Virginia’s Institute for Advanced Studies in Culture. The lab offers guidance for colleges and universities and in its Field Guide for Urban University-Community Partnerships, authors Joshua Yates and Michaela Accardi conduct three interrelated analyses. First, their report looks at 100 urban colleges and universities with a focus on how they interact with their home cities. Second, they cluster universities into five-distinct groups based on the types of strategies and activities they employ related to community partnerships. Based on this analysis, the authors highlight best practices at universities across the country, with a focus on specific outcomes, challenges experienced, and lessons learned, and conclude with a stepwise framework to assist colleges and universities, as well as recommendations for practitioners to make the most of these findings.
States making progress in evaluating tax incentives; new tool explores costs and benefits
A recent article from Pew Charitable Trusts shows how routine evaluations can help states make tangible improvements to their tax incentives. According to Pew, 30 states now have laws requiring evaluation of the incentives, and recent examinations in several states included key components that helped to inform the results. When analyses started with an effort to determine the specific goals of each incentive, their effectiveness was more easily determined.
Chinese VC market continues rapid ascent
While the overall Chinese economy may be facing a slowdown, the venture capital (VC) market continues to report strong growth and became the second largest VC market by total capital invested in 2018, according to a new report from PitchBook.