Washington DC - As the state’s chief executive, one of Governors’ top priorities is ensuring that every resident can get into well-paying, stable careers through accessible, affordable education and training. Governors are also responsible for creating an economic climate that is attractive to employers and ensuring companies remain able and willing to do business in their state. A strong talent pipeline that can meet industry needs is a critical component for creating this type of business-friendly climate, and the socioeconomic upheaval brought on by COVID-19 that compounded existing inequities in the labor market has made this matter more pressing.
Health Product Manufacturers and Innovators COVID-19 Impact Assessment: Lessons Learned and Compelling Needs
Washington DC - According to Mathai Mammen, Vas Narasimhan, Richard Kuntz, Freda Lewis-Hall, Mojdeh Poul, and Adam H. Schechter, "United States health care spending consumes nearly a fifth of the GDP . While, in many respects, the U.S. health care system is enviable and highly innovative, it is also characterized by elements of ineffectiveness, inefficiency, and inequity. These aspects, resulting from pre-existing vulnerabilities within the system and interactions between the various stakeholders, were acutely highlighted by the COVID-19 pandemic."
PRINCETON FULL STEAM AHEAD IN QUEST TO CONTRIBUTE TO NJ TECH ENTREPRENEURSHIP ECOSYSTEM, PRIESTLEY SAYS
Princeton, NJ - Last year, Princeton University declared its intention to play a more active role in the New Jersey tech and entrepreneurship ecosystem. During Princeton University’s Engage 2021 conference, in early December, the university further elaborated on its plans to both encourage entrepreneurship at the university and provide space to enable the university’s academic spinouts to stay within the state. Videos from the conference can be found here.
Washington DC - According to Jack Orlik, "Last year marked the launch of OPSI’s collaboration with the Investment and Development Agency of Latvia (LIAA) to explore how innovation ecosystems can be steered and enhanced through the application of anticipatory innovation governance approaches. Towards the end of 2021, we hosted an online event as part of OPSI’s H2020 work which brought experts from Latvia, Finland and the UK together with global practitioners to discuss the challenges and opportunities of establishing anticipatory innovation ecosystems."
Washington DC - According to Heather Long, "The Great Resignation that has seen more than 43 million Americans leave their jobs in the past year shows no sign of slowing. Job quitting hit a record in November. Restaurants and hotels have had the highest resignation rate, and that’s hardly surprising. The pandemic has caused millions of workers to reassess their lives and walk away from low-paying jobs. Many are getting hired quickly elsewhere for more money and better hours. Health-care workers are also quitting at record rates, as doctors, nurses and aides face burnout after their harrowing experience these past two years."
Columbus, OH - According to Emily Chesser, "Broadening participation in science, technology, engineering, and mathematics (STEM) is vital for encouraging innovative advancements in scientific research and developing a diverse STEM workforce that engages citizens from all backgrounds. The Committee on Equal Opportunities in Science and Engineering (CEOSE) 2019-2020 Biennial Report to Congress outlines plans to broaden participation in STEM by focusing on "Making Visible the Invisible.""
Columbus, OH - According to Colin Edwards, "Despite the Covid-19 pandemic and recession, most states experienced growth in annual Higher Education Research & Development (HERD) expenditures between 2019 and 2020. Given higher education’s role in generating knowledge that catalyzes innovative new technologies developed by high-growth startups, R&D conducted at institutions of higher education is one of the most important metrics for evaluating an area’s innovation economy. This edition of Useful Stats examines data from NSF’s recently updated 2020 HERD survey, specifically examining one- and 10-year changes in HERD spending by state."
Columbus, OH - According to Ashwin Shenoy, "Loyalty to alma maters matters financially beyond March Madness™ and college sports betting, it turns out — to such a degree that policy makers, venture development organizations and university seed funds hoping to attract equity investments for local innovation startups should pay considerable attention to the educational attainment section of founders’ LinkedIn profiles or resumes. Additionally, seed and VC funds organized in part for economic development goals may want to tap alumni networks from the regions’ institutions of higher education to identify potential investment partners, according to a recently released working paper from a trio of professors in Iowa, Texas and Michigan."
Trenton, NJ – The New Jersey Economic Development Authority (NJEDA) began accepting applications today for the Aspire program, a place-based economic development program created under the New Jersey Economic Recovery Act of 2020 (ERA). The Aspire program supports mixed-use, transit-oriented development by providing tax credits to commercial and residential real estate development projects that have financing gaps.
Morristown, NJ - A leader in developing workforce training programs, Randolph-based County College of Morris (CCM) announced that it has been selected as one of only six community colleges nationwide to participate in the next New Models for Career Preparation program. A program led by New America in partnership with the Lumina Foundation, New Models is designed to provide community colleges with methods and strategies for creating and providing programs to meet the needs of diverse populations, addressing the workforce demand of employers and growing their communities. CCM’s Center for Workforce Development aligns perfectly with that mission as it focuses on pathways and training to high-demand, good-paying positions that positively impact Morris County residents.
Trenton, NJ - New Jersey is taking its first steps toward regulating blockchain and cryptocurrencies, with legislation that many believe will encourage the creation of legitimate fintech and cryptocurrency businesses in the state. The Senate Budget and Appropriations Committee approved legislation sponsored by Senator Nellie Pou (D-Passaic/Bergen) that would establish the “Digital Asset and Blockchain Technology Act.” This came on the heels of the passage in the State Assembly of a similar bill sponsored by Assemblywoman Yvonne Lopez (D-District 19) and her colleagues.
Columbus, OH - According to Colin Edwards, "Business research and development (R&D) intensity — private sector R&D expenditures as a percentage of total gross domestic product (GDP) — is an indicator of how interested businesses are in creating new products and processes. This edition of Useful Stats expands upon previous SSTI analyses of business R&D and applies the more standardized measure of “R&D intensity” to provide additional context on the private sector’s activities within states."
Washington DC - According to James Pethokoukis and Benjamin F. Jones, Science and innovation are central to economic growth and technological progress, but are we investing enough in scientific research? In this episode of “Political Economy,” I discussed the importance of research and innovation with Benjamin F. Jones. Ben is a professor of Entrepreneurship and Strategy at Northwestern University as well as the faculty director of the Kellogg Innovation and Entrepreneurship Initiative. This summer he authored “Science and Innovation: The Under-Fueled Engine of Prosperity.”
Glassboro, NJ - Virtua Health and Rowan University announced the signing of an affiliation agreement to create a new academic health system and to further distinguish South Jersey as a regional hub for innovation, research, and clinical discovery. This partnership between the top 100 public research university and the largest health system in southern New Jersey will create the Virtua Health College of Medicine & Health Sciences of Rowan University. The new college will encompass the state’s only osteopathic medical school; an expanded nursing and allied health professions school; a new school of translational biomedical engineering and sciences; multiple new research institutes; and aligned clinical practices to improve patient care and train the workforce of the future.
Newark, NJ - Teik C. Lim, a renowned STEM scholar and longtime leader in higher education, will replace Joel Bloom as president of New Jersey Institute of Technology — beginning July 1. Lim, who also will be appointed as a distinguished professor of mechanical engineering, presently serves as the interim president of the University of Texas at Arlington, where he also serves as a professor within the Department of Mechanical and Aerospace Engineering.
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