economic development
Illinois releases its next five-year economic development plan
Earlier this month, Illinois Gov. J.B. Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) released Open for Business: Illinois' 2024 Economic Growth Plan, a comprehensive five-year plan to guide the state’s economic development priorities, strategies, and initiatives.
Book Notes: Innovation for the Masses: How to Share the Benefits of the High-Tech Economy
Note: This brief quasi-book review/book synopsis is the first item in an experimental new section of SSTI’s newsletter, potentially joining other regular sections such as Useful Stats, Fed/Leg News, State News, Member Updates, and Recent Research. Its periodic continuation after the contributions we present over the summer will depend on feedback from our members and Digest readers. Comments may be shared with skinner @ ssti.org
An Earth Day item on TBED financial investment strategies
Which should be more valuable for an economic development minded investment program?
Which should be more valuable for an economic development minded investment program?
- Company A, which yields a 2x return on investment and has a technology that reduces carbon emissions and energy use,
- Company B, which returns 12x to investors through an impressive IPO but contributes more to climate change, or
- Company C, which returns 3x and the climate impacts of its technology and production process aren’t as easily measured so remain unknown.
Pandemic-era federal funding encouraged community colleges to have greater involvement in regional economic development
The recent pandemic and the government's response may have catapulted community colleges toward deeper participation in economic development. “Community colleges have been interested and involved in economic development for decades,” said Thomas Brock, director of the Community College Research Center at Columbia University. "That's part of their core mission. But what is different now is that there's a lot more federal money on the table through the CHIPS Act and the (Bipartisan) Infrastructure (Law).
St. Louis focus on innovation has an eye on equity
Editor’s note: SSTI is committed to helping its members create economies that are equitable and inclusive. The following article is part of a series highlighting how different organizations ensure all people within their communities can benefit from today’s economy and lessons learned in their work.
PA releases new economic development strategy; budget calls for new $20M innovation fund
Last week, Pennsylvania Governor Josh Shapiro and the Pennsylvania Department of Community & Economic Development (DCED) released what they are describing as the Commonwealth’s first comprehensive Statewide Economic Development Strategy in nearly 20 Years.
Developing resilience solutions through systems thinking
Incorporating systems thinking into economic development planning could lead to better solutions to potential and pressing problems, says a Quarterly Research Brief from the National Economic Research and Resilience Center (NERRC). The paper emphasizes that systems, or integrated planning, is essential when writing a Comprehensive Economic Development Strategy (CEDS).
Webinar: Communicating Tech-based Economic Development
Communicating Tech-based Economic Development
Oct. 31 @ 3 p.m. ET | Free
How do you explain your work to others? Explore this important and challenging topic with your peers during a TBED Community of Practice webinar. SSTI will share findings about public perception and interpretation of common TBED activities, such as that people think tech transfer means moving files to a new device, and facilitate a discussion with experienced state leaders and the audience about effective strategies to build public awareness and stakeholder support. You’ll log off with new ideas for communicating your work to partners, funders, legislators, and even your family.
Smaller American cities are making a comeback with relocation programs
Families and young professionals from New York and New Orleans, San Francisco and San Antonio, Omaha, and expat communities abroad are homing in on one unassuming Midwest city as the ideal place to relocate and put down roots. If you tried to guess the destination, you probably wouldn’t guess Tulsa, Oklahoma. But this city is, in fact, one of the nation's hottest relocation destinations.
In the zero-sum game of population migration, winners win and losers plan
The dynamics of population growth in the U.S. changed during the pandemic. As people migrated away to avoid the limitations of the pandemic, one region’s population loss was another region’s gain. Now, economists are analyzing the impact of migration on local economies.
The dynamics of population growth in the U.S. changed during the pandemic. As people migrated away to avoid the limitations of the pandemic, one region’s population loss was another region’s gain. Now, economists are analyzing the impact of migration on local economies.