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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

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Like Twitter or a double latte, Opportunity Zones (OZs) have sparked a whole lot of chatter, but little tangible action — if by action we mean projects moving dirt, erecting walls and creating jobs in the 8,700 OZs across the United States defined by low-income census tracts.

In June 2018, by a provision in the 2017 federal tax reform legislation, the U.S. Department of the Treasury certified over 8,700 OZs through the end of 2028. Per the Economic Innovation Group, they have an average poverty rate of nearly 31%,and contain 1.6 million places of business, 24 million jobs, and 35 million Americans. According to the Urban Institute, less than 4% of them are at high risk of rapid socioeconomic change, displacement, or gentrification. But that doesn’t mean they’re not at medium risk.

Image: A production studio operated by NBCUniversal Studios will be an anchor for an OZ in Albuquerque. Photo by MarbleStreetStudio.com courtesy of Visit Albuquerque

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Chancellor Gary S. May of the University of California, Davis, and Sacramento Mayor Darrell Steinberg on Wednesday (Nov. 6) received a national award for their work on the Aggie Square innovation hub planned on UC Davis’ Sacramento campus.

The Leadership Award from the Association of University Research Parks, or AURP, recognizes May and Steinberg for forging a unique partnership that matches UC Davis’ strengths to community priorities and engages relevant industry partners to create opportunities for all, unlike many other research parks that focus exclusively on startups or narrowly focused industries.

Image: Accolades in Atlanta: Pictured, from left, Mark Romney, chief strategy officer for Aggie Square; Mayor Darrell Steinberg; and Chancellor Gary S. May. - https://www.ucdavis.edu

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A pediatric gastroenterologist who is the veteran president of the University of Maryland at Baltimore was named Thursday to become the chancellor of the state’s public university system.

Jay A. Perman will be the fifth chancellor of the University System of Maryland, which encompasses the state flagship campus in College Park and 11 other public institutions serving 176,000 students. Perman will succeed Chancellor Robert L. Caret when the incumbent steps down in coming months. Perman’s start date has not been determined, a system spokesman said.

Image: Scene from the campus of the University of Maryland at College Park. (MARVIN JOSEPH/Washington Post)

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When I order a cup of tea in Korea, where I live, I ask for cha (차); when traveling in Japan, I ask for the honorific-affixed ocha (お茶). In Spanish-speaking places I order té, which I try to pronounce as distinctly as possible from the thé I order in French-speaking ones. And on my trips back to United States, where I'm from, I just ask for tea. Not that tea, despite its awe-inspiring venerability, has ever quite matched the popularity of coffee in America, but you can still find it most everywhere you go. And for decades now, no less an American corporate coffee juggernaut than Starbucks has labeled certain of its teas chai, which has popularized that alternative term but also created a degree of public confusion: what's the difference, if any, between chai and tea?

Image: http://www.openculture.com

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TNewImagehe New Haven area has become a hub for thriving and growing young bioscience companies like Arvinas and Cybrexa Therapeutics, which are working to develop potentially game-changing cancer cures.

The region’s biotechs are developing treatments for a range of ailments, from Alzheimer’s disease to spinal-cord injuries.

But just as a growing infant can’t stay in an incubator for long, many New Haven-born bioscience companies need room to grow — and fast.

Image: PHOTO | NEW HAVEN BIZ - John Keogh, senior broke with Colliers International, in lab space at 5 Science Park on Winchester Avenue in New Haven.

 

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upgraph

When Fourth Economy is engaging with a community, our process always involves comprehensive and multi-layered data analysis and dynamic stakeholder conversations. We apply an equitable development lens throughout our work and often utilize a large volume of tools and resources made available by national actors. Hundreds of foundations, think tanks, organizations, and educational institutions are contributing to our collective, evolving understanding of equitable development.

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co-working space

As an accountant and entrepreneur, I’m always trying to keep track of the newest developments in my professional fields. I believe that it’s important to follow present-day trends in order to gain insight into the potential future of these industries. I’ve written previously about some of these major developments, including blockchain technology, the internet of things and the Tax Cuts and Jobs Act.

 

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Tvirginiahe commonwealth of Virginia will produce an additional 31,000 technology graduates over the next 20 years, Governor Ralph Northam announced yesterday.

That goal is an expansion of the state’s originally stated legislative target of graduating 25,000 additional students with technology degrees by 2039. Virginia's public universities currently award approximately 1,300 bachelor’s degrees and 400 master’s degrees in computer science per year, according to the governor’s office.

 

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So here’s the scenario: You’ve got a great idea—like, a really good idea. You’re passionate about it and ready to jump into the world of entrepreneurship like a boss, except one little thing seems to be standing in the way…

Money.

You need some green to fund your startup, but unfortunately, Mark Cuban isn’t on your speed dial. What to do, oh what to do?

 

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Speak to successful entrepreneurs and startup founders about their path to profits, and you’ll likely hear honest stories about how they overcame challenges to build thriving companies. Few entrepreneurs start as industry icons; most needed to force themselves to overcome obstacles as they built their enterprises. The same holds for up-and-coming entrepreneurs. Growth as an entrepreneur is an ongoing undertaking for those wanting to enjoy the spoils of business success. If you long to build a thriving company, the following are ten ways to challenge yourself as an entrepreneur on your journey to jubilation.

 

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Web Summit 2018 Forum Day 2 November 7 HM1 7481 44858045925 Ray Dalio Wikipedia

Capitalism has been good to hedge fund billionaire Ray Dalio. But “the system of making capitalism work well for most people is broken,” he argues in a LinkedIn post. 

He began publicly speaking about capitalism’s flaws in April, saying that the current wealth gap should be declared a national emergency. The lengthy post he published yesterday throws shade at private companies flush with capital.

Image: https://en.wikipedia.org/wiki/Ray_Dalio#/media/File:Web_Summit_2018_-_Forum_-_Day_2,_November_7_HM1_7481_(44858045925).jpg

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Stress in America™ 2019 Interactive Graphics

Use the “Filter” tool to narrow data by Gender, Generation, or Race, or click a category under the “Group” legend to highlight the data for that group. Hover over any point to view data. To see a larger version of the graphic, click on the "Enlarge" icon on the right, below the graphic.

Image: https://www.apa.org

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