Washington D.C. - Conducted by the National League of Cities (NLC), the Local Economic Conditions Survey 2015 asks government officials in more than 250 cities across the nation to assess their local economic conditions. Painting a broad picture of the economic health of cities, Cities and Unequal Recovery highlights key points from the most recent survey. The report finds that economic conditions over the past year have improved in nearly all cities, with 28 percent of city leaders indicating that conditions have improved greatly and 64 percent reporting slight improvements. In the 2013 Local Economic Conditions Survey, just 8 percent of cities reported greatly improved local economic conditions from the year before.
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Trenton, NJ - Innovation is hard, no matter what. But business model innovation is the hardest, because it's so difficult to get out of the mindset that you have always had. That's why so many business model innovations come out of companies and individuals who are not in the affected industry. McKinsey has just published an article about how to break out of your own assumptions and consider business model innovation for yourself.
Washington D.C. - According to the Economist, "IN 1970 the United States recognised the potential of crop science by broadening the scope of patents in agriculture. Patents are supposed to reward inventiveness, so that should have galvanised progress. Yet, despite providing extra protection, that change and a further broadening of the regime in the 1980s led neither to more private research into wheat nor to an increase in yields. Overall, the productivity of American agriculture continued its gentle upward climb, much as it had before."
Washington D.C. - According to the U.S. Chamber of Commerce, "One of the nation's most respected startup and entrepreneurship research organizations last week issued a series of public policy recommendations that the group believes Congress could implement in order to accelerate the formation and growth of new companies and help reinvigorate the American economy."
Washington D.C. - According to Sophie Quinton of Pew Charitable Trust, "New College of Florida doesn’t offer pre-professional degrees, like nursing or engineering. Students choose the public liberal arts college because they want an intellectual experience. Many take a year off after graduation to pursue research or community service. Yet last fall, New College opened a flashy new career center on its Sarasota campus. It needed to prove to the state that it was helping students find jobs and graduate on time, or risk losing $1.1 million in state aid. “That’s a big deal for us,” David Gulliver, media relations coordinator for New College, said of the money.
Princeton, NJ - Bristol-Myers Squibb Company announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to the investigational compound BMS-663068 when used in combination with other antiretroviral (ARV) agents for the treatment of HIV-1 infection in heavily treatment-experienced adult patients. BMS-663068 is an oral prodrug of the molecule BMS-626529 and first-in-class HIV-1 attachment inhibitor. The attachment inhibitor is designed to work differently than entry inhibitors, a current class of drugs that targets co-receptors’ activity or fusion after HIV attaches to the CD4+ host cell. BMS-663068 is thought to work at an earlier point in the replication process to prevent the virus’ initial interaction with immune cells entirely, and thus blocks its entry into the cell.
Washington D.C. - According to the State Science and Technology Institute (SSTI), "Although immigrants account for approximately one-fourth of U.S. science and engineering (S&E) employment, there have been relatively few academic studies published that discuss the link between these immigrants, who represent an increasing share of the U.S. workforce, and innovation in the United States. Through a broad investment from the Alfred P. Sloan Foundation, guest editors William Kerr and Sarah Turner curated a special volume of the Journal of Labor Economics to highlight recent research specifically focused on the impacts of high-skilled immigration."
Venture Capital Investing Exceeds $17 Billion for the First Time Since Q4 2000, According to Report7/27/2015 Washington D.C. - Venture capitalists invested $17.5 billion in 1,189 deals in the second quarter of 2015, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Quarterly venture capital (VC) investment increased 30 percent in terms of dollars and 13 percent in the number of deals, compared to the first quarter when $13.5 billion was invested in 1,048 deals. The second quarter is the sixth consecutive quarter of more than $10 billion of venture capital invested in a single quarter.
Trenton, NJ – Twenty three of New Jersey’s colleges and universities make Money’s annual Best College’s ranking. Based off of three categories - quality of education, affordability and outcomes – several of the state’s institutions make the 736 school list.
Washington D.C. – According to Brookings institute’s Walter Valdivia, “The fiscal budget has become a casualty of political polarization and even functions that had enjoyed bipartisan support, like research and development (R&D), are becoming divisive issues on Capitol Hill. As a result, federal R&D is likely to grow pegged to inflation or worse, decline.”
Trenton, NJ - Joined by state, federal, and local officials, Acting Governor Kim Guadagno, chair of the New Jersey Military Installation Growth and Development Task Force (Task Force), released the Task Force’s final report and includes STEM education as well as innovation to growth the NJ sector.
Philadelphia, PA – The Biotechnology Industry Organization (BIO) released “Bioscience Economic Development in the States: Legislation and Job Creation Best Practices” today at the 2015 BIO International Convention. The Best Practices Guide is the bioscience industry’s leading comprehensive analysis of state legislative and regulatory initiatives in support of economic development.
Trenton, NJ - In 1965, Intel co-founder Gordon Moore observed that the number of transistors per square inch on integrated circuits had doubled every year since the integrated circuit was invented, which eventually led him to predict that this trend would continue into the foreseeable future.
Trenton, NJ - According to American Entrepreneurship Today, "A new Navigant Research report analyzing the global market opportunity for residential Internet of Things (IoT) devices has predicted a global revenue increase to nearly $70 billion by 2025. Segmented by region and device type, the report also includes forecasts for shipments and installed base. By observation of key market drivers and barriers, Navigant Research predicts the growing use of residential IoT devices."
Trenton, NJ - A new KPMG Global Manufacturing Outlook suggests that there are six trends to watch in manufacturing:
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