{"id":2316553,"date":"2024-07-31T09:43:00","date_gmt":"2024-07-31T13:43:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/more-to-be-done-to-embrace-drive-innovation-economy-report-washington-examiner\/"},"modified":"2024-07-31T09:48:25","modified_gmt":"2024-07-31T13:48:25","slug":"more-to-be-done-to-embrace-drive-innovation-economy-report-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/more-to-be-done-to-embrace-drive-innovation-economy-report-washington-examiner\/","title":{"rendered":"More to be done to embrace, drive innovation economy: Report &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmore-to-be-done-to-embrace-drive-innovation-economy-report-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2316553&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A recent report by the \u2064North Carolina Board of Science, Technology &#038; Innovation highlights\u2064 the state&#8217;s\u200c economic performance, which is keeping pace with \u200bnational trends. Despite this success, the report emphasizes the need \u200cfor North Carolina\u200b to enhance its \u200dfocus on embracing and driving innovation. Janet Cowell, chairwoman of the board, notes that \u2064technology \u200cand innovation are crucial for \u2062fostering\u2064 a productive and growing economy. While North Carolina excels in foundational and early-stage research, there is significant room for improvement in \u2064scaling innovations for commercial use and ensuring broader regional participation in these advancements.<\/p>\n<p>The report indicates that North Carolina ranks sixth in the nation for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/western-nations-scramble-to-protect-universities-from-american-leftism\/\" title=\"Western Nations Scramble To Protect Universities From American Leftism\">academic research<\/a> and development spending and tenth for business\u2064 research \u200band development. Moreover, the educational attainment of adults \u200cin the\u200c state \u2064is increasing at a rate above the \u2062national average, largely due to a higher influx of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-abortion-witness-further-proves-higher-education-is-a-den-of-leftist-nutjobs\/\" title=\"Democrats\u2019 Abortion Witness Further Proves Higher Education Is A Den Of Leftist Nutjobs\">college-educated individuals<\/a>. Nonetheless, \u2063the state still lags behind the national average in \u200bnon-academic venture capital and patent activity, as \u2063well as in funding for elementary and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">secondary education<\/a> and broadband\u2063 access. The report calls for proactive strategies to shape the economic landscape in order to meet the challenges of a competitive economy.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">More to be done to embrace, drive innovation economy: Report<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1717954\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square) &ndash; Although North Carolina&rsquo;s economy is doing well and keeping pace with the rest of America, the state still needs to do more to &ldquo;embrace and drive&rdquo; innovation, according to a new report by the North Carolina Board of Science, Technology &amp; Innovation.<\/p>\n<p>&ldquo;Technology and innovation are key ingredients of a high-productivity, high-employment, high-income, growing economy,&rdquo; Janet Cowell, chairwoman of the board, said in a statement.<\/p>\n<p>North Carolina&nbsp;<strong><a href=\"https:\/\/www.commerce.nc.gov\/tracking-innovation-2024\/open?utm_source=iContact&amp;utm_medium=email&amp;utm_campaign=nc-commerce&amp;utm_content=%5BPress+Re%3Bease%5D+Tracking+Innovation+2024+Report\" target=\"_blank\" rel=\"noreferrer noopener\">plays a leading role in the &ldquo;basic&rdquo; and early-stage &ldquo;applied&rdquo; research<\/a><\/strong>&nbsp;for breakthrough innovations, the report said.<\/p>\n<p>&ldquo;But it also shows that we have room for improvement in scaling and converting those innovations to commercial uses and in ensuring that more sectors and regions of our state participate in and benefit from that activity,&rdquo; said Cowell.<\/p>\n<p>North Carolina ranks sixth nationally in the amount of money spent on academic research and development, according to the report. The state ranks 10th in business research and development. The education levels of adults in North Carolina has grown faster than the U.S. as a whole, &ldquo;driven in part by a higher-than-average influx of college-educated adults,&rdquo; the report states.<\/p>\n<p>Although academic-related startup activity in North Carolina is higher than the national average, nonacademic venture capital and patents is still below average.<\/p>\n<p>Spending on elementary and secondary public-school education also lags the national average as does broadband access.<\/p>\n<p>&ldquo;Faced with a dynamic and competitive economy, the best approach is to shape it rather than be shaped by it,&rdquo; North Carolina Commerce Secretary Machelle Baker Sanders said in a statement. &ldquo;We must continue to innovate &ndash; to create and adopt new products, services, and business models that add value and improve economic well-being.&rdquo;<\/p>\n<p>The report confirms that North Carolina&rsquo;s capacity for innovation is stronger than ever, Sanders said.<\/p>\n<p>&ldquo;But it also shows where we must continue to improve to increase the level of prosperity throughout the state,&rdquo; she said.<\/p>\n<p>North Carolina needs better distribution of its growth throughout the state, the reported concluded. Nine of the state&rsquo;s 100 counties &ndash; Wake, Mecklenburg, Guilford, Forsyth, Durham, Buncombe, New Hanover, Iredell and Orange &ndash;&nbsp;account for only 9% of the state&rsquo;s land area but 42% of the state&rsquo;s current population and 59% of the state&rsquo;s population growth over the last 22 years, the report said.<\/p>\n<p>&ldquo;They hold 39% of the state&rsquo;s manufacturing companies, 53% of the state&rsquo;s companies, 49% of the state&rsquo;s total income, 55% of its jobs, and 62% of its gross domestic product,&rdquo; the reported states. &ldquo;And in terms of the innovation economy, those nine counties represent even larger shares.&rdquo;<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1717954\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1717954\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report from the North Carolina Board of Science, Technology &amp; Innovation indicates that while the state&#8217;s economy is performing well and aligning with national trends, there is still a need for greater efforts to &#8220;embrace and drive&#8221; innovation. Janet Cowell, chairwoman of the board, emphasized that technology and innovation are essential components for fostering a high-productivity, high-employment, and growing economy. The report highlights North Carolina&#8217;s significant contributions to foundational and early-stage applied research for groundbreaking innovations but also points out areas needing improvement in scaling these innovations for commercial use. Additionally, it notes that more sectors and regions within the state should be involved in benefiting from these advancements.<\/p>\n<p>North Carolina ranks sixth in the nation for academic research spending and tenth for business research investment. The educational attainment of adults in the state has increased at a faster rate than the national average due to an influx of college-educated individuals. While startup activity related to academia exceeds national averages, venture capital investments outside academia remain below average. Furthermore, funding for K-12 public education trails behind national figures as does access to broadband services.<\/p>\n<p>Machelle Baker Sanders, North Carolina&#8217;s Commerce Secretary, stated that adapting proactively to a competitive economy is crucial by continuing innovation through new products and services that enhance economic prosperity. She acknowledged that while North Carolina&#8217;s innovative capacity is stronger than ever, there are still areas requiring improvement to boost overall prosperity across the state.<\/p>\n<p>The report concludes by highlighting an uneven distribution of growth within North Carolina; just nine counties\u2014Wake, Mecklenburg, Guilford, Forsyth, Durham, Buncombe, New Hanover, Iredell and Orange\u2014represent only 9% of land area yet account for 42% of the population as well as 59% of population growth over two decades. These counties also hold significant shares in manufacturing companies (39%), total income (49%), jobs (55%), gross domestic product (62%), and even larger proportions concerning innovation-related activities<\/p>\n","protected":false},"author":1,"featured_media":2316554,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/iStock-641999270-1024x683.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[9168,7297,3819,32076],"class_list":["post-2316553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economy","tag-innovation","tag-report","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/iStock-641999270-1024x683.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2316553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2316553"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2316553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2316554"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2316553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2316553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2316553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}