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White House Announces Winners of Rural Jobs and Innovation Accelerator Challenge
The Obama administration today announced the 12 winners of the multi-agency Rural Jobs and Innovation Accelerator Challenge. Approximately $9 million in federal funding will help support rural public-private partnerships to promote job creation, accelerate innovation and provide assistance to entrepreneurs and businesses in a wide range of industrial sectors in rural regions across the country. Economic development partnerships and initiatives in Alaska, Arkansas, Connecticut, Illinois, Kansas, Louisiana, Mississippi, New Hampshire, North Carolina, South Carolina, Virginia and West Virginia will receive awards ranging from nearly $200,000 to over $1 million from participating federal agencies. Based on grantee estimates, it is expected that in the short term a total of 2,990 jobs will be created or retained and $35.5 million in private investment will be leveraged. In the long term, grantees estimate that a total of 6,460 jobs will be created or retained and $69.6 million in private investment will be leveraged.Read the release...
white house, rural, entrepreneurship, accelerators