BLOG

CEO Blog-06.02.2020: AURP Response to Protests

Dear AURP Members and Innovation Community,

Our global community is grieving the hurtful and destructive acts that have resulted in the senseless killing of George Floyd in Minnesota. We recognize the impact of these and other racial injustices and acknowledge the hurt amongst all communities. AURP stands as a beacon of hope in support of peaceful protests and the actions needed to address societal inequalities.

Read More

AURP CEO Blog Posts - 04.24.2020

A couple of stories caught my interest among the flood of information about the Covid-19 pandemic, especially new developments in public policy.

State budgets are being impacted in critical ways and financial support for economic development organizations, venture programs, higher education and other partners in building communities of innovation will be drastically reduced. The Urban Institute has created a 50-state Economy Monitor that tracks state budgets and has other timely information. See, Urban Institute State Economy Monitor.

Read More

CEO Blog-04.15.2020: CARES Act

CARES Act: It’s more than Paycheck Protection.
While many AURP members and tenants have been looking at the Coronavirus Aid, Relief and Economic Security (CARES) Act in terms of SBA funds and loans, the US Economic Development Agency (EDA) received $1.5 billion in emergency funding for Economic Adjustment Assistance for areas declared disaster areas by the federal government. For the first time in history, all 50 states have been declared disaster areas so there should be opportunities in your community or region to attract EDA funding.

EDA Economic Adjustment Assistance funding is somewhat flexible and administered on a regional basis. Funds might be used for loans, construction and other economic development projects. In the past, several research parks and incubators have received funding from the EDA for planning, development and expansion. Details should be forthcoming from EDA on ways to apply for funding. Partnering with organizations in your region that have successfully applied for EDA funding in the past is one strategy to increase likelihood of success. Note also local matching requirements are usually necessary so plan for that eventuality.

Read More

AURP CEO Blog Post - 04/09/2020

A couple of recent topics that caught my eye:
 
Capital Lease Accounting Standards Delayed?  The Financial Accounting Standards Board (FASB) earlier this month voted unanimously to consider amending the ASC Topic 842 for Leases for private companies, private nonprofits and any nonprofit that has issued a bond that are traded, which would require many leases to be treated as capital leases. This means that lease accounting standards scheduled to take effect after Dec. 15, 2020 would be pushed back a year for entities beginning Dec. 15, 2021 and interim periods within fiscal years beginning after Dec. 15, 2022.  A 15 day comment period is in effect and the new rules should come out shortly, which will give real estate owners and others another year to prepare.

The State Economic Development Executives (SEDE): SEDE has produced great link to state by state programs that are in addition to the federal resources, such as the CARES Act.
 
University Tech Transfer: Many university and hospital sponsored research parks and innovation districts are tied to university tech transfer activity. A new report in IP Watchdog has some great data on trends in this important field.
 
We will have our AURP communicators virtual check in next Thursday, April 16 at 2pm ET.  All are welcome to join. Register here. Our regular COVID-19 P2P group meets on Wednesday's at 2pm Eastern. Contact the AURP team, if you have ideas for new topics. 





Read More

AURP CEO Blog Post - 03/31/2020



Good Day:
This has been a rough couple of weeks for AURP members, sponsors and our families and friends. Unprecedented times.
When will peak COVID-19 happen in your state? When will peak ICU beds be available? When will a therapy or vaccine be widely available?
No one knows exactly. The impact on our community of innovation will be long and hard. But for now the rightful focus is on protecting families and friends.
Watch for updates from AURP, including our Peer to Peer (P2P) sessions and other webinars in the upcoming weeks and months.
Watch for details at www.aurp.net
Also there are resources that provide insight into the work of partner institutions.
  • The International Economic Development Corporation (IEDC) has some predictions on economic impact of COVID-19 and details on the federal stimulus package.
  • Jim Greenwood and the team at BIO have great insight on technical advances life science companies are making in the fight against COVID-19. 
  • AURP has planned to move our earlier scheduled in person June 7-8 San Diego BIO Health Caucus meeting to a virtual experience, now tentatively scheduled for 2:00pm EDT on June 2 and June 3, 2020. Stay tuned for details.
  • In the fall, we plan to honor those individuals and institutions among the AURP family that have the most effective responses to COVID-19 with the AURP Excalibur Award this November in Salt Lake at the AURP International Conference. We will be soliciting nominations later in the year, so keep in mind possible nominees, whether it is a company in a park working on a new vaccine; firms building new ICU containment facilities; or parks helping to manufacture face masks.
If you have comments or questions, please send them to me at [email protected]. I would be happy to include them in an upcoming AURP CEO blog post.
Stay safe and stay connected.
#AURP #BuildingtheAURPNetwork #InnovationCommunitiesUnited #CreatingStrongCommunities
 
   Brian Darmody
CEO, Association of University Research Parks
[email protected]