Just hours after President Obama proposed corporate tax reform in exchange for congressional support of a $302 billion transportation bill to pay for badly needed repairs to the nation’s decaying highways, roads, and bridges, power brokers from business, academia, and the federal government gathered at Harvard Business School on February 26, 2014 to begin a private, two-day summit called America on the Move: Transportation and Infrastructure for the 21st Century.
Innovation and STEM-worker intensive advanced industries drive regional and national economic development in the United States. For that reason, states like Colorado and Tennessee are increasingly taking a lead in fostering these crown-jewel industries.
In Colorado, Governor John Hickenlooper is actively working to promote innovation in his state’s advanced industry sector, including the space and aerospace economy, which provides thousands of jobs in both the public and private sectors with spillover effects in advanced telecommunications, software, and advanced materials.
Add your voice to Washington's future by being a part of PLAN Washington, a new non-partisan, business-led initiative that is focused on making Washington a top 5 state in shared economic prosperity and quality of life. Announced by the Washington Business Alliance, this meeting will convene a community of business leaders working toward an inclusive and sustainable economic future for the state.
On February 5, 2014, U.S. Secretary of Commerce Penny Pritzker joined Enrique Jacob Rocha, President of the Mexican National Entrepreneurship Institute (INADEM), to deliver remarks at a breakfast hosted by the Mexico-United States Entrepreneurship and Innovation Council (MUSEIC) and the American Chamber of Commerce. Founded shortly after President Obama’s visit to Mexico in May 2013, MUSEIC brings together stakeholders from both the United States and Mexico to strengthen regional economic competitiveness and support entrepreneurship, a key Obama administration priority.
The Denver Post reports that Denver's eight major clusters all grew in employment last year, bolstering the economic impact they have as the backbone of business in metro Denver and northern Colorado. According to the Metro Denver Economic Development Corporation, this marks the first time such a growth has occurred in the past 13 years.
Boston's first annual Innovation and the City conference was held on January 9-10, 2014 at District Hall in the city's Innovation District. The colloquium convened scholars, policy makers, and practitioners to explore the opportunities and drawbacks associated with innovation-based urban economic development. Speakers included Bruce Katz (Brookings Institution), Paul Parkhill (Spaceworks NYC), and Dan Kinkead (Detroit Future City).
In a recent blog article, SSTI reports the spending and intensity of U.S. research & development from 2006 to 2011. During this five year period, U.S. total R&D investment grew by 23.37 percent. California, in addition to ranking near the top of the list of R&D-focused states, leads in total R&D spending. In 2011, the state's spending reached $91.4 billion, accounting for more than one-fifth all U.S. research investment. Other high-ranking states include Massachusetts, Texas, Maryland, and New York.
In this op-ed published in the Telegraph, Karen Mills -- the most recent Administrator of the U.S. Small Business Administration and a key collaborator in the U.S. Cluster Mapping Project -- discusses the primary currency for economic growth and prosperity. As Ms. Mills notes, today's economy is driven by innovation and well-paying jobs. While at SBA, she worked across inter-agency programs to leverage support for high-growth firms, as well as for public-private partnerships that create vibrant ecosystems for entrepreneurs across the country.