Consolidation of local governments could provide new economic development outlets
Improved prospects for economic development, as opposed to concerns about government efficiency, can play an important role in building support for local government consolidation efforts. The importance of economic opportunities in government consolidation was a key conclusion within Ball State University’s recently published policy brief, Indiana’s Government Modernization Act & Local Government Consolidation Experiences: Process and Politics.
Makerspaces highlight local efforts in manufacturing response to COVID
The innovation community has been on the front lines in responding to the current pandemic, and one area that has stepped up is the community makerspace. A new report from the Urban Manufacturing Alliance (UMA) highlights several of those efforts. As UMA points out, COVID-19 brought a renewed need for manufacturing capabilities, and makerspaces stepped into new roles.
$2.5 million accelerator fund to invest in community colleges
A new Community College Growth Engine Fund is being launched by Education Design Lab to help mitigate the growing skills gap and strengthen community colleges as drivers of innovation between education and employment. Education Design Lab is a national nonprofit that designs, implements and scales new learning models for higher education and the future of work.
Recent Research: Inventor concentration boosts productivity
Jennifer Roche prepared the following summary of a recent Enrico Moretti working paper for the November 2019 issue of the NBER Digest. The summary has been edited here for length and clarity; SSTI comments are in brackets.
U.S. small business exports is a $541 billion market — where does your state stand?
The U.S. Chamber of Commerce and Google released a new analysis of export activity by U.S. small businesses. Results, based on surveys and Global Trade Analysis Project data, find $541 billion in national economic output, just 2.8 percent of the U.S. total.
Election results could yield new state policies; TX doubles cancer R&D
Corrected version.*
Democrats made some gains in Virginia’s Legislature, and in Kentucky, the governor’s seat looks to be turning over to a Democrat, but the current Republican is requesting a recanvass in the close race. If those results hold, Democratic challenger and current Attorney General Andy Beshear will take the seat from incumbent Gov. Matt Bevin, ending the state’s Republican trifecta (where one party holds the governorship and both chambers of the legislature). Mississippi’s gubernatorial seat remained in Republican control, while the gubernatorial election in Louisiana takes place on Nov. 16, and the incumbent Democratic governor there is seeking another term. Following Tuesday’s elections, the divided government in Virginia turned into a Democratic trifecta in Virginia, as Republicans lost their hold in both the House and Senate. Those outcomes and results from several state legislative elections, along with the results of several innovation-related initiatives, are highlighted below.
Useful Stats: Income inequality growing nationally and in all states, 2006-2018
From 2006 to 2018, income inequality has risen continuously both nationwide and in all states (but not in the District of Columbia). Annual changes vary widely for state income inequality, with some states experiencing increases year after year, and others displaying more volatile trends consisting of both sharp annual decreases and increases.
States making headway in closing the rural-urban divide in access to high-speed broadband service
Access to reliable and fast internet service is a foundational element for the modern economy. Since the advent of broadband service its delivery has been highly divided between urban and rural areas. Many states are continuing to address this divide and took action in 2019. Several states repealed laws prohibiting local electric companies and co-ops from providing broadband services, other states initiated official planning efforts to expand internet services, and many approved and dispersed funding to develop broadband infrastructure in rural areas.
To encourage business R&D: grants or tax credits?
The importance of business and industry R&D investment for competitiveness and economic growth is a well-entrenched dictum of national and state innovation policy across most of the developed world. Approaches for incentivizing increased research expenditures fall into two broad categories, direct grants and subsidies to offset R&D costs or R&D tax credits companies may take post-investment for research expenditures.
State youth apprenticeship programs require better data collection practices
As employers continue to face a shortage in trained and skilled workers, federally registered apprenticeship programs (RAPs) continue to grow as a response. However, the ability to evaluate these programs depends on the quality of data collection and reporting practices. While there are variations in the federal data collection and reporting standards for adult RAPs, new and innovative programs such as state youth apprenticeship programs face a greater disparity in the quality of data management practices.
As employers continue to face a shortage in trained and skilled workers, federally registered apprenticeship programs (RAPs) continue to grow as a response. However, the ability to evaluate these programs depends on the quality of data collection and reporting practices. While there are variations in the federal data collection and reporting standards for adult RAPs, new and innovative programs such as state youth apprenticeship programs face a greater disparity in the quality of data management practices. A new report makes recommendations for state and local leaders on better approaches to evaluating the programs.
SSTI receives recognition
SSTI received an Appreciation Award as part of the Association of University Research Parks (AURP) Awards of Excellence at their 2019 International Conference earlier this month. SSTI President &CEO Dan Berglund accepted the award and has led SSTI since its launch in 1996. The award recognized the organization for having “helped develop a nationwide network of practitioners and policymakers dedicated to improving the economy through science, technology and innovation.
Virginia tech talent initiative fueled by Amazon need
Students and tech employers stand to benefit from a new initiative in Virginia that grew out of the Commonwealth’s proposal to Amazon, which is building its second headquarters in Northern Virginia. Last week, Gov. Ralph Northam announced that Virginia will invest in their tech talent pipeline to produce 31,000 new computer science graduates over 20 years.
Universities launch incubators, accelerators and funds in 2019
Universities frequently play an integral role in providing activities, research, and products that positively affect or support local, regional, state and national economic development or strategic goals. In higher-education’s efforts to align its participation in innovation and entrepreneurship systems, universities’ incubators, accelerators and fund programs are essential in assisting their faculty, staff, or students in the services and support needed to create startups, bring products to market, or provide critically needed funding.
OMB provides guidance on flexibility for federal grant funding
Just days after the first reported US death from COVID-19, federal grant recipients capable of performing essential research and services related to COVID-19 were provided with additional flexibilities to the terms of their contracts and supplied with additional administrative resources to pivot their efforts towards combatting the virus.
Congress passes $2 trillion emergency aid package
The third package of emergency assistance related to COVID-19 is currently making its way through Congress, having passed the Senate last night and being expected to pass the House tomorrow. The legislation includes additional emergency loans and tax credits for retaining employees, as well as near-term aid for individuals, small businesses, and some of the most affected industries. While relatively little assistance is directly relevant to science- and innovation-related business development, many broader small business provisions can still be of assistance to these companies.
Resources for small business in dealing with COVID-19
The fallout from COVID-19 is growing as unemployment numbers skyrocket, small businesses are faced with closures, and employers try to protect both their business and employees. A just-released national study conducted by America’s Small Business Development Centers (SBDC) and Thryv Inc., found that 69 percent of U.S. small businesses have already experienced a large drop in demand due to the coronavirus pandemic and 60 percent believe demand will continue to decline.
The fallout from COVID-19 is growing as unemployment numbers skyrocket, small businesses are faced with closures, and employers try to protect both their business and employees. A just-released national study conducted by America’s Small Business Development Centers (SBDC) and Thryv Inc., found that 69 percent of U.S. small businesses have already experienced a large drop in demand due to the coronavirus pandemic and 60 percent believe demand will continue to decline. States, too, have seen their budget situations take a dramatic turn and universities have had to send students home. Below you will find some of the resources available to businesses and universities in dealing with COVID-19 pressures, as well as new funding opportunities from federal agencies for those seeking assistance. For more information on how states are responding, several organizations are posting daily updates and are referenced below.
The resources listed are divided into help for small businesses, updates on states' reactions, and federal resources. Please click through on the read more link for a brief synopsis of each resource followed by more information below the bulleted list.
COVID-19 Emergency Response Resources & Information
With the unprecedented devastation being caused by COVID-19, SSTI has assembled a resource page for organizations, small businesses, universities and others. The page contains links to federal, state, and other programs providing guidance on the both the latest stimulus package and other sources of aid.
With the unprecedented devastation being caused by COVID-19, SSTI has assembled a resource page for organizations, small businesses, universities and others. The page contains links to federal, state, and other programs providing guidance on the both the latest stimulus package and other sources of aid.
We will also be updating and reorganizing this list, and we encourage you to reach out to us at contactus@ssti.org if you know of a program or resource that should be included here or have suggestions to improve usability.
Access the resource page here.
USDA seeking input on agricultural innovations
The U.S. Department of Agriculture announced it is seeking comments and suggestions on objectives and opportunities leading to research goals and informed product goals to facilitate transformative breakthroughs that would help the department increase agricultural production by 40 percent by 2050 while cutting the environmental footprint of U.S. agriculture in half.
Kauffman Foundation releases second report on new Indicators of Entrepreneurship
Leveraging new data from the Census Bureau, the Kauffman Foundation recently released the second part of its new Indicators of Entrepreneurship series.
Leveraging new data from the Census Bureau, the Kauffman Foundation recently released the second part of its new Indicators of Entrepreneurship series. This report focuses on the foundation’s New Employer Business indicators — a subset of the Early-State Entrepreneurship indicators provided in Kauffman’s first report of the series in September 2019 — meant to illuminate trends in the emergence of new businesses with employees and the time it takes for these companies to make their first payroll. The series replaces the Kauffman Index of Entrepreneurship series.
US Census participation vital, but lagging
With congressional apportionment along with federal funds, grants and support to states, counties and communities on the line, the U.S. Census count is vital to every community. But the 2020 decennial count has hit another roadblock with lagging participation and a delay in outreach efforts.
With congressional apportionment along with federal funds, grants and support to states, counties and communities on the line, the U.S. Census count is vital to every community. But the 2020 decennial count has hit another roadblock with lagging participation and a delay in outreach efforts. Due to national social distancing guidelines and some states’ stay-at-home orders prompted by the COVID-19 outbreak, “Census Day,” originally scheduled for April 1, was recently postponed until at least April 15. The U.S. Census Bureau uses the day to kick-off in-person counting and outreach efforts, a huge component of the 2020 count.
States dealt blow with pandemic
In general, the effect of the pandemic on states’ budgets due to the wave of business, retail, and commerce shutdowns, as well as other reduced economic activity across the nation, is not entirely known, or too early to forecast; however, a number of states are beginning to experience the initial impacts of a substantial downturn. With several states having already enacted their 2020-21 budgets, special sessions are expected later this year to deal with declining revenues. Others ended sessions early without a new fiscal year spending plan in place.
Commentary: Federal priorities to address the national emergency
COVID-19 has generated an economic crisis that is, thankfully, unique to our lifetimes. If we are to recover efficiently as a country, then the policy response must be similarly unique, addressing multiple needs along different time scales. Many people are looking to the Great Recession for lessons on how to move forward, but there are critical contrasts between the two crises that have important implications for the solutions we should consider.
Useful Stats: Growth in metropolitan per capita income, 2009-2018
The largest increases in per capita income for metropolitan and micropolitan statistical areas (MSAs) within the United States have occurred primarily within the Western, Mountain and Great Lakes states, according to data recently released by the Bureau of Economic Analysis. Nearly every MSA experienced greater income levels in 2018 when compared to their 10-year average.
Bipartisan legislation would provide $110 billion for R&D, regional innovation
A bipartisan, bicameral group of legislators have introduced bills that would make a five-year commitment to increase America’s investment in R&D by $100 billion, while also investing $10 bi
NIST appoints new associate director for innovation and industry services
Last week, the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) named Mojdeh Bahar as the new associate director for innovation and industry services (ADIIS).