CO, MN, NM, OK state budgets reduce innovation funding

United-States-Map-2

Some states have to defund innovation to manage budgets.
Colorado: Governor John Hickenlooper
  • The Colorado Office of Economic Development and International Trade budget will be reduced $8M to a $51M budget.
  • $1.8M for the Institute of Cannabis Research.
  • $2.8M for the Higher Education Competitive Research Authority.
Minnesota: Governor Mark Dayton
  • Killed the $15M Angel Investment Tax Credit program.
  • The state also reduced its R&D tax credit, which was at 10% and now set at 4%.
  • $145M FY18/ $119 FY19 to the Department of Employment and Economic Development.
  • $20.3M for the Office of Broadband Development.
  • $1.4M for Minnesota High Tech Association STEM program.
  • $4.2M for the Minnesota Job Skills Partnership Program.
  • $1.2M to the Metropolitan Economic Development Association.
  • $500Kfor the Minnesota emerging entrepreneur loan program.
  • $750Kfor the Neighborhood Development Center to support small businesses and entrepreneurship.
  • $875K for the state’s Manufacturing Extension Partnership center.
  • $8M for the University of MN and Mayo Foundation partnership
  • $8M for the MnDrive Cancer Clinical Trials Network.
  • $3M for the Spinal Cord Injury and Traumatic Brain Injury Research
  • $2.5M for the Biomedicine and Bioethics Innovation.
New Mexico: Governor Susana Martinez
  • $1.0M to the University of New Mexico Southwest Research Center and $500K for the manufacturing engineering program.
  • $500M to the New Mexico State University minority STEM programs.
  • $3M for the New Mexico Institute of Mining and Technology.
  • $100K for the North New Mexico College STEM program.
  • $4M for the Santa Fe Community College small business development center.
Oklahoma Governor Mary Fallin
  • $13.4M for the Oklahoma Center for the Advancement of Science and Technology.

 

source: SSTI

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