FL, LA Govs Challenge Educators to Develop Top-Notch STEM Workforce
Filling the pipeline with skilled workers able to perform the high-tech jobs employers say are sitting vacant has long been advocated by state leaders and policymakers as essential to competing in the global economy. Governors in Florida and Louisiana are stepping up efforts this legislative session with proposed multi-million dollar investments through training and scholarship programs to change the landscape of their states’ workforce.
Tech Talkin’ Govs: Part IV
The fourth installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Illinois, Massachusetts and Utah.
President Urges Expansion of National Manufacturing Network in State of the Union Address
In his fifth State of the Union address, President Barack Obama touted the administration’s Institutes of Manufacturing Innovation program as central to its plan to reinvigorate the American economy. The president called on Congress to expand the manufacturing network beyond the two existing institutes in Ohio and North Carolina and the six additional institutes to be rolled out in 2014. He also requested legislative action to undo last year’s sequester-related cuts to basic research, to pass patent reform and to improve U.S. STEM education.
Public-Private Partnerships Redefining U.S. Space Industry
In response to declining appropriations and the termination of the Space Shuttle program, NASA has had to re-orient its approach to commercial partnerships. Over the past decade, NASA has turned to private partnerships to further the agency’s goals of space research and exploration.
Award Winning TBED Groups Garner Praise, Support to Expand Reach
SSTI Excellence in TBED award winners produce real results that are changing the landscape of their communities, expanding infrastructure to grow high-tech sectors and improving the competitiveness of their regions. Their efforts haven’t gone unnoticed in the broader innovation community. Over the past couple of months, award winners have grabbed headlines – and funding – for their impressive work. U.S. Secretary of Commerce Penny Pritzker stopped by Clemson University’s Center for Automotive Research to tout its success in workforce development. In St. Louis, Monsanto recently awarded $2.5 million to BioSTL to support bioscience startups and, in Arizona, a $1 million grant will help fund ASU accelerator programs.
Help us spread the news about the program! SSTI’s open call for applications for the 2014 Excellence in TBED awards is April 16.
Chicago Initiative Will Help Connect Local Suppliers with Anchor Institutions
Chicago Mayor Rahm Emanuel recently announced the Chicago Anchors for a Strong Economy (CASE) program — an initiative to connect local small- and medium-sized business to a network of Chicago’s leading anchor institutions (e.g., hospitals, universities, cultural institutions, corporations).
NY Budget Advances State’s Research, High-Tech Agenda
Many of the proposals put forth by Gov. Andrew Cuomo for growing New York’s innovation economy were fulfilled or received ongoing support in the enacted FY15 budget. This includes a final installment of $680 million to complete the Buffalo Billion initiative, new rounds of funding for the Regional Economic Development Councils, SUNY and CUNY challenge grants, and tax breaks for manufacturers. Lawmakers also approved funding for a new genomic medicine network and STEM scholarship program.
Detroit, Pittsburgh Boast Tech Economy Gains
Groups in the greater Detroit and Pittsburgh regions recently released reports documenting the progress these metros have made over the past few years in building thriving technology economies. Detroit’s Automation Alley found that tech industry employment in the region grew by 15 percent in 2011, outpacing growth in all of the other 14 regions used as benchmarks in the study.
Mid-Atlantic, NY Regions Gaining Ground in U.S. Angel Market, According to Report
Together, New York and the Mid-Atlantic region were home to as much angel investment activity as California, according to the 2013 Year in Review edition of the HALO Report, published by Silicon Valley Bank and the Angel Resource Institute. Last year, California continued its reign as the top single region for angel activity, with 18.6 percent of U.S. deals and 19.6 percent of dollars. For the first time however, the combined activity of New York and the other Mid-Atlantic states reached levels similar to California, with 18.6 percent of deals and 19.7 percent of dollars.
Win A Free Copy of Innovation U 2.0 When You “Like” SSTI On Facebook
A limited number of printed original copies of Innovation U 2.0 are available. The publication identifies the 12 best practice universities at generating economic impact from their intellectual capital. SSTI wants to share them with our community and will randomly select FIVE winners from our Facebook fans. Hurry! Winners will be announced on Facebook Friday, April 11. https://www.facebook.com/ssti.org
TBED People & Orgs
Maria Contreras-Sweet has been confirmed as the administrator of the Small Business Administration.
Larry Ferguson has been chosen as the vice chancellor for economic development and workforce solutions at Kentucky Community College and Technical System.
WA Life Sciences Community Steps up to Help Save Grant Fund
Pointing to the growth potential in jobs and health within the life sciences industry sector, Gov. Jay Inslee vetoed a $20 million cut in funding to the nine-year-old Life Sciences Discovery Fund (LSDF), allowing the fund to honor existing commitments and proceed with the 2013-14 Proof of Concept grant program and Entrepreneur Mentoring grant program. The state’s budget director David Schumacher said the sheer volume of letters from biotech companies in support of saving the fund carried weight in the governor’s decision, reports The Olympian.
MA Group Crafts Strategy to Confront National Decline of Early Stage Bio Capital
Massachusetts’ continuing success in the biopharmaceutical sector depends on finding new ways to fund startup and early stage research activities, according to a new strategic plan released by the Massachusetts Biotechnology Council (MassBio). The report cites recent data showing that life sciences venture capital has fallen by 50 percent over the past five years and many investors have turned to later stage investments.
OSTP Estimates STEM Spending in Proposed FY15 Budget Totals $2.9B
A progress report from the White House Office of Science and Technology Policy (OSTP) provides a useful overview of the Obama administration’s ongoing STEM efforts and the roster of STEM initiatives included in the president’s FY15 budget request. Under the proposed budget, federal spending on STEM education would reach $2.9 billion in FY15, a 3.7 percent increase over FY14 funding as enacted.
Private Sector Input Drives Montana Business Plan
Montana’s new business plan commissioned by Gov. Steve Bullock outlines five overarching themes, described as pillars, with specific goals, objectives and tasks for diversifying the state’s economy. Encouraging innovation and supporting emerging industries is the focus of one pillar, with recommendations for strengthening the role of universities, establishing funding streams for entrepreneurs, and developing a network of statewide business mentors. The Main Street Montana Project was lead by two top business leaders in the state to ensure private sector buy-in, according to the governor.
NSF Launches Online Portal for BRAIN Initiative
On the first anniversary of President Obama's BRAIN Initiative (Brain Research through Advancing Innovative Neurotechnologies) announcement, the National Science Foundation (NSF) unveiled a new online portal that allows visitors to find NSF brain-related information in one place.
Tips for Writing a Better Proposal: Sign up for May 7 Awards Call
Registration is now open for the Excellence in TBED awards informational call. The purpose of the call is to share tips on writing a better proposal, explain the program in greater detail, and answer questions. Advice from past judges of the awards program also will be highlighted. Learn more and register at: http://www.sstiawards.org/.
MA Gov Announces Innovation-Focused Economic Development Package
Massachusetts Gov. Deval Patrick has unveiled an economic development package intended to bolster the state’s role in the global tech economy through multi-year investments totaling an estimated $100 million.
Tennessee Promises Free Community/Technical College Education
Tennessee legislators overwhelmingly approved Gov. Bill Haslam's cornerstone proposal for addressing affordability and accessibility issues plaguing higher education while at the same time making a substantial commitment toward future workforce preparedness: free community/technical college tuition.
Federal, State Workforce Initiatives Emphasize Higher Ed, Employer Involvement
Aligning industry needs with workforce training has gained renewed focus in states and emerged as a national priority. This week, President Obama announced two grant programs totaling $600 million in existing funds that challenge academic institutions and businesses to design job training for the globalized economy and set industry-recognized standards. States are increasingly partnering with community colleges and industry to fill in-demand jobs, and with tight budgets, new efforts in Georgia and North Carolina also aim to enhance worker training by reallocating existing resources or restructuring programs.
Vermont Gov Seeks $5M in Lending Support for Startups
Two proposals announced by Gov. Peter Shumlin would provide additional lending tools and incentives to attract and retain technology companies using revenue surpluses for the current fiscal year. The first proposal would establish the Vermont Enterprise Incentive Fund and authorize the governor to offer an incentive package not exceeding $4.5 million to businesses that have a substantial statewide or regional economic or employment impact. The second part adds $500,000 in state general funds to the $1 million in federal funds available to the Vermont Economic Development Authority’s Entrepreneurial Lending program.
Brookings Examines State, Local Options in Financing Clean Energy Development
Inconsistent federal support for clean energy research and infrastructure projects in recent years has hampered the blossoming of an industry that has long been touted as a key part of the new American economy. As a result, states and local governments have stepped into the fray with clean energy funds, green banks and other tools to finance the development of the clean energy economy. A paper from the Brookings Institution explores another underutilized tool available to local governments, the bond market.
MD Session Ends on High Note for Tech Sector, University-based Economic Development
The FY15 budget bill passed by Maryland lawmakers increases funding for three of the state’s high-tech tax credits and provides level funding for continued innovation-focused investments. Lawmakers also passed bills to fund endowed chairs, create zones to incentivize businesses, and establish a statewide internship program connecting students to small, technology businesses.
Let Us Share Your Success Story
Telling your story helps generate buzz about the value of investing in science, technology and innovation to create vibrant regional economies and improve our nation's competitiveness. SSTI is accepting applications for the 2014 Excellence in TBED awards. This is a great opportunity to share with the country how your efforts to improve economic competitiveness are succeeding in your state or region. Eligibility includes: venture development organizations, tech transfer offices, tech councils, accelerators, venture funds, statewide tech-based initiatives, university-industry partnerships, and others. Applications due June 17.
Useful Stats: Environmental Science Spending at U.S. Universities, FY2003-12
With Earth Day just around the corner, SSTI is taking a closer look at environmental science research spending in the states. Even as climate change emerged as a key political topic during the first decade of the millennium, spending on environmental research at American colleges and universities declined as a percentage of all R&D, according to data from the National Science Foundation (NSF) Higher Education Research and Development (HERD) Survey. Between 2003-12, environmental science expenditures fell from 5.3 percent of all R&D expenditures to 4.8 percent.