higher ed

Across the United States, universities’ endowments have seen a large return in their portfolios in the past year, according to a recent PitchBook report. This trend was most notable in well-known universities with large endowments. The University of North Carolina reported a 42.3 percent return, Duke University reported a 56 percent return, and Washington University in St. Louis reported a 65 percent return. These gains are largely attributed to their investments in alternative assets like venture capital and private equity.

The EDA University Center Economic Development Program Competition recently announced $2.5 million in grants awarded to 25 colleges and universities in the Chicago and Philadelphia EDA regions to leverage assets, promote innovation and strengthen regional economies. The goal of these awards is “to boost innovation, create good-paying jobs and ensure American competitiveness in the global economy” while funding research as well as innovation economy development services.

Understanding how federal funding for the science and engineering (S&E) activities of the nation’s institutions of higher education (IHEs) is distributed locally within states can help innovation leaders develop programs and policies tailored more carefully to the varying conditions of regional innovation economies.

Federal funding is a major source of support for the science and engineering (S&E) activities of the nation’s institutions of higher education (IHEs). This week’s edition of Useful Stats shows that in 2019 (the most recent year for which data is available), the vast majority — 87.6 percent or $33.4 billion— of that federal support came from only three agencies: the Department of Health and Human Services (HHS), the National Science Foundation (NSF), and the Department of Defense (DoD).

In an unexpected turn of events, some college students around the country have been logging into their accounts to check on account balances and finding them canceled. Many institutions of higher education across the country have been taking advantage of federal assistance provided through the CARES Act Higher Education Emergency Relief funds (HEERF) to cancel student debt. HEERF I, II and III represent three programs that Congress appropriated to higher education to help prevent, prepare for, and respond to coronavirus, including emergency financial grants to students.

Developing local assets and nurturing local talent in science and engineering (S&E) is paramount to productive innovation economies. Institutions of higher education (IHEs) are arguably the most important elements of these local knowledge-capital assets — housing physical R&D infrastructure, training new scientists and engineers, and creating and disseminating new knowledge across the academic, public, and private sectors.

The National Science Foundation has announced the establishment of 11 new NSF National Artificial Intelligence Research Institutes, reaching a combined investment of $220 million and including a total of 40 states when adding the original seven institutes announced last year. The institutes are expected to act as connections in a broader nationwide network and will be led by NSF in partnership with the U.S.

Understanding enrollment trends at the nation’s institutions of higher education — an important indicator of the knowledge capital and skilled workforce available to local innovation economies — is paramount in developing appropriate strategies to bolster local and regional innovation and entrepreneurship. While many institutional reports cover only one or a few years’ worth of enrollment data, evaluating long-run trends can help policymakers and program designers identify issues that might otherwise be hidden, enabling the development of more effective policies and programs.

Enrollment in the nation’s institutions of higher education is an important indicator of the knowledge capital available to local innovation economies. This edition of Useful Stats explores enrollment data from the recently updated National Student Clearinghouse Research Center (NSCRC) report , Current Term Enrollment Estimates, covering spring term enrollment trends at degree-granting institutions of higher education.

A new report from the Minority Business Development Agency (MBDA) highlights the impact of business and entrepreneurship courses at Tribal Colleges and Universities (TCUs), which have long served as bastions of cultural identity at many American Indian and Alaskan Native reservations and important economic drivers in these prominently rural areas.