Canada Releases New National Science and Technology Strategy
As the development of a nation's science and technology capacity becomes a critical component for economies around the globe, it is becoming even more critical for countries to implement strategies that will enable future competitiveness.
Tech Incubators Continue to Pop Up across the Country
Alternate financing schemes increasing to pay for popular TBED tool
BEA: Educated Workers Keep U.S. Competitive in Corporate R&D
In recent years, much has been said about the migration of corporate research from R&D centers in the U.S. to new sites in developing countries where many multinational companies have found large pools of skilled labor and access to the world’s fastest-growing markets. A report from Booz Allen Hamilton last year found that India and China were the fastest-growing sites for foreign-based research at U.S.
Useful Stats: Value-added Manufacturing by State, 2001-2005
Every year, the U.S. Census Bureau releases its annual Geographic Area Statistics report, filled with detailed statistics collected from its Annual Survey of Manufacturers. The report provides data for the nation as a whole, every state, and the District of Columbia for numerous sectors within the manufacturing field. Included in the report are statistics for the number of employees, payroll, value added, value of shipments, capital expenditures, cost of materials, and cost of electric energy for heat and power.
Job Corner: TTDC Seeks President & CEO
The Tennessee Technology Development Corporation (TTDC), the lead organization in Tennessee for technology-based economic development, is seeking a president and chief executive officer (CEO). This position is responsible for the overall direction and management of TTDC and its programs, including resource development, finances, contracts, compliance reporting and operational policies. He or she will work with a 22-member board of directors to establish and successfully implement a work plan that fulfills the organization's mission.
Minnesota Approves Energy Initiative, Funding for TBED
Funding for energy and TBED initiatives were highlighted in the fiscal year 2007-09 biennial budget at the close of the legislative session in Minnesota late last month. Winning nearly unanimous approval from the legislature was Gov. Tim Pawlenty’s Next Generation Initiative announced during his State-of-the-State Address (see the Jan.
Oklahoma Lawmakers Approve $40M Bioenergy Center, Cut EDGE
Oklahoma is one step closer to positioning itself as a leader in sustainable energy production, with the creation of a $40 million Bioenergy Center. The legislature passed SB 510 at the close of the 2007 session last month, establishing the Oklahoma Bioenergy Center announced by Gov. Brad Henry during his State-of-the-State Address earlier this year (see the Feb.
CIA launches its own federal lab for R&D
The Central Intelligence Agency is launching CIA Labs, a federal lab and in-house research and development arm intended to drive science and technology breakthroughs surrounding intelligence challenges.
New report highlights trends in habits, outcomes of angel investing
A recent report by PitchBook indicates that angel investing is seeing fewer unique participants and a greater share of activity from groups than individuals. The same report provides an analysis of startup outcomes based on whether the company began with an angel or venture capital (VC) round and finds companies with angel backing initially look stronger but have a more mixed record over the long-term.
Policy positions of gubernatorial candidates in 11 states discussed
Eleven states are holding gubernatorial elections this year with nine incumbents seeking reelection, two of which are facing off against their lieutenant governor. Only one governor, Steve Bullock in Montana, is term-limited and unable to seek reelection. In Utah, Gov. Gary Herbert is stepping down from the position he has held for 10 years. While many of the races this year will reflect referendums on the current governor’s response to the COVID-19 pandemic, many of the candidates have announced their innovation and economic development initiatives.
SBA awards up to $3 million in FAST funding to 24 organizations
The U.S. Small Business Administration announced 24 organizations as recipients of the 2020 Federal and State Technology partnership (FAST) program grant awards.
The U.S. Small Business Administration announced 24 organizations as recipients of the 2020 Federal and State Technology partnership (FAST) program grant awards. The awards of up to $125,000 focus on “specialized training, mentoring, and technical assistance for R&D-focused small businesses.” The FAST program grants one-year funding to organizations that work to partner with other in-state groups.
SSTI analysis reveals SBIR “mills” take outsized portion of the program’s awards
SBA efforts to reign in abuse of the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) program continue, yet companies that seem to use SBIR awards as a primary revenue stream rather than a means to creating future revenue paths through new product and process innovations persist, based on SSTI’s review of award data. Known as “SBIR mills” many of these companies appear to be clustered geographically in specific metropolitan areas, many of which house major federal labs or research centers, the analysis of SBIR data reveals.
SBA efforts to reign in abuse of the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) program continue, yet companies that seem to use SBIR awards as a primary revenue stream rather than a means to creating future revenue paths through new product and process innovations persist, based on SSTI’s review of award data. Known as “SBIR mills” many of these companies appear to be clustered geographically in specific metropolitan areas, many of which house major federal labs or research centers, the analysis of SBIR data reveals. This suggests, from a policy perspective, that the federal agencies could be doing much more to curtail the mills and redirect awards into companies more consistently focused on turning innovation into products, profits and jobs.
The data reveals the extent of abuse by the small number of SBIR mills among all awardees is not insignificant: awards made to potential mills account for more than 21 percent of all awards made during the period from 2009 to 2019.
South Dakota Changes Tactics in the Battle for High-Tech Jobs
South Dakota recently announced it is reorganizing its programs to support entrepreneurs and high-tech start-ups. Instead of offering assistance to new firms through small, targeted programs, the state will reallocate the funding for these smaller programs into a larger fund with fewer restrictions on how that money can be spent. The change will allow the state greater leeway to assist expanding businesses, many of which were not eligible for the existing support programs.
Technology CEOs Urge U.S. to Double Funding for Basic Energy Research, Create New Energy Innovation Agency
Over the next few years, public policies that support innovation in alternative energy will determine whether or not the United States will successfully make the transition to clean and renewable energy, TechNet reports. The pro-innovation group, whose membership includes top executives from more than 115 tech firms, believes the move away from nonrenewable sources of electricity and fuel will require timely, active support from federal and state government.
Recent Research: Framing the Problem of Student Out-migration from States
Every year, some graduating high school students make the transition to college, many of them choosing to move to another state in order to continue their education. In some states, the number of students leaving the state is greater than the number entering, resulting in a “brain drain.” This net out-migration of students, many of which never to return to the state of their high school graduation, may impact a state’s skilled and competitive workforce, tax revenues, productivity gains, and appreciation of diversity.
Aligning Degrees with Needs: Are There Too Many Education Majors?
The Digest story above details the push to keep high school graduates in-state for their university experience, with the expectation that upon graduation they will positively impact the economy of the state. An essential part of keeping an educated workforce local, however, is the ability for individuals to find gainful employment upon graduation.
Participate in Southern Growth's 2007 Online Survey
Southern Growth Policies Board is polling citizens on their attitudes and ideas about building a competitive Southern Workforce. Visit http://www.southern.org/surveyintro.shtml and share your ideas on how to build a competitive, entrepreneurial workforce to support the southern region's economic development initiatives in high-growth industries.
SSTI: Working to Provide You with the Information You Need to Succeed
SSTI serves as the TBED community’s go-to resource and strategic partner when dealing with TBED issues. SSTI’s unique ability to address the information needs of its members comes from the fact that SSTI’s staff and board have been “in the trenches” of technology-based economic development. SSTI’s president, vice president and board members, including former Governors John Engler of Michigan and Michael Dukakis of Massachusetts, have more than two decades’ of direct policy development and service delivery experience.
EPA announces parameters for $27 billion clean energy investment grant competition
The U.S. Environmental Protection Agency (EPA) has announced initial guidance on the design of the Greenhouse Gas Reduction Fund (GGRF) program, created under the Inflation Reduction Act. EPA published two Federal Assistance Listings outlining key parameters of the grant competitions that will ultimately award nearly $27 billion to leverage private capital for clean energy and clean air investments across the country.
EDA seeks feedback on program design for Tech Hubs
The Economic Development Administration (EDA) recently issued a Request for Information (RFI) on the Regional Technology and Innovation Hub (Tech Hubs) program.
The Economic Development Administration (EDA) recently issued a Request for Information (RFI) on the Regional Technology and Innovation Hub (Tech Hubs) program. The RFI will help the agency gather information from stakeholders to inform the design and administration of Tech Hubs designation, planning, and implementation awards.
Guidance released for $4 billion initial round of energy subsidies
The U.S. Treasury Department announced that the government will begin taking applications May 31 for the first $4 billion of the $10 billion Qualifying Advanced Energy Project Credit program and tax break for solar-and-wind projects in low-income communities.
NASEM report recommends a way forward to increase antiracism, diversity, equity and inclusion in STEMM
A report many years in the making was released this week by the National Academies of Science, Engineering and Medicine (NASEM) that, for the first time in the organization’s history, confronts racism in its title. After the summer of 2020, following the murder of George Floyd and the Black Lives Matter protests, federal agencies and private foundations prioritized sponsoring a report on antiracism and diversity, equity and inclusion, focused on science, technology, engineering, math and medicine (STEMM).
MEP national network FY 2022 impacts include more than 116,000 retained or created jobs, $18.8B in new or retained sales
The NIST (National Institute of Standards and Technology) Manufacturing Extension Partnership (MEP), a national public-private partnership initiative within the US.
Useful Stats: 1 and 3-year analysis of county-level US RGDP per capita
This edition of Useful Stats takes a high-level look at the United States’ change in Real Gross Domestic Product (RGDP, which is GDP adjusted for inflation) on a per capita basis for each of its counties, boroughs, parishes, etc. (hereon referred to as “counties”). Looking at RGDP per capita allows for an inflation adjusted, population standardized metric for comparing counties over time.
State Department creates new office to address rising innovations in technology
The U.S. Department of State established a new office intended to develop and coordinate critical and emerging technology foreign policy, including biotechnology, advanced computing, artificial intelligence, and quantum information technologies. The Office of the Special Envoy for Critical and Emerging Technology began operations Jan. 3. The office will offer policy expertise in technology, diplomatic leadership, and strategic direction for the department.