Despite declining deal counts in Q4, 2022 was a strong year for VC
Total deal counts across angel, seed and VC deals for Q4 2022 were the lowest of the year at 2,935 deals, a decrease of 670 deals as compared to Q3 2022, according to Q4 data from PitchBook-NVCA Venture Monitor Q4 2022. Despite low deal counts for Q4, 2022 is still on track to come in close behind 2021, which marked the highest deal count since the data began being collected in 2012. A strong total deal count alongside a high deal value reflects a successful year for venture capital, even amid economic strain caused by high interest rates, the Russian-Ukrainian war, and lingering COVID-19 impacts. Read more
Tech Talkin’ Govs 2023: Governors’ innovation vision from their annual addresses (part 2)
Climate change, water rights, housing, education and taxes are all themes running through the governors’ State of the State addresses this year. This week’s update includes initiatives that could affect the innovation economy from governors in Colorado, Virginia, West Virginia and Wyoming. Read more
Useful Stats
1 and 3-year analysis of county-level US RGDP per capita
This edition of Useful Stats takes a high-level look at the United States’ change in Real Gross Domestic Product (RGDP, which is GDP adjusted for inflation) on a per capita basis for each of its counties, boroughs, parishes, etc. (hereon referred to as “counties”). Looking at RGDP per capita allows for an inflation adjusted, population standardized metric for comparing counties over time. This article explores the Bureau of Economic Analysis’ (BEA) most recent data release for all industries. RDGP per capita is calculated using BEA’s county-level population data, which uses Census Bureau midyear population estimates. Read more 
New census tract data affects CDFI certification, SSBCI eligibility and more
The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund released a file and map summarizing core economic data for each census tract. Policymakers and practitioners should be aware of these changes for both what the data reveal about local economic trends and the impact the changes could have on future program eligibility. Importantly, tract-level economic distress is integral to CDFI certification and business eligibility for portions of Treasury’s State Small Business Credit Initiative (SSBCI), as well as being a common reference for federal programs that prioritize distressed regions. The new data makes numerous changes from the 2018 update, including nearly 23,000 new census tract IDs and more than 11,000 tracts with a different economic distress status. Read more
State Department creates new office to address rising innovations in technology
The U.S. Department of State established a new office intended to develop and coordinate critical and emerging technology foreign policy, including biotechnology, advanced computing, artificial intelligence, and quantum information technologies. The Office of the Special Envoy for Critical and Emerging Technology began operations Jan. 3. The office will offer policy expertise in technology, diplomatic leadership, and strategic direction for the department. Read more
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