EDA makes $3 billion available for regional economies

Today, the Economic Development Administration (EDA) announced funding opportunities for the $3 billion Congress provided the agency in the American Rescue Plan Act. Funds are available through six distinct challenges, with separate goals and application processes/deadlines for each.

House committee approves $50 million for Build to Scale, $275 million for MEP and more

The House Committee on Appropriations advanced an FY 2022 funding bill that provides for substantial increases to many science and innovation programs.

Innovation Advocacy Council chair testifies on SBA programs and job creation

Last week, SSTI’s Innovation Advocacy Council chair Ben Johnson (also of BioSTL) testified before a subcommittee of the House Committee on Small Business about the role that innovation plays in job creation and how the U.S. Small Business Administration’s (SBA) Regional Innovation Clusters (RIC) and Growth Accelerators Fund Competition (GAFC) support these efforts.

Useful Stats: SBIR/STTR application success rates decreased from 2019 to 2020 at NASA

A helpful metrics used by organizations dedicated to supporting technology startups and bolstering local innovation economies is the success rate of companies applying to the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Understanding how successful local companies are at submitting quality applications and winning SBIR/STTR awards can better assist in designing outreach, education, technical assistance, mentorship, and other entrepreneurial support programs.

Former NIST innovator nominated Commerce Undersecretary for Standards and Technology

President Joe Biden nominated Laurie Locascio, Ph.D., to lead the National Institute of Standards and Technology (NIST) within the U.S. Department of Commerce and serve as Undersecretary for Standards and Technology.

Arkansas’s economic recovery strategy has wider applicability

Whether or not your state embraced strict measures in an attempt to reduce virus spread, the current pandemic has created the need for reflection and revision of how each of us go about our lives. The same opportunity has arisen for the public and private sectors to rethink how they engage in many core functions.

Census Bureau seeks comment on Business Enterprise Research & Development survey

When planning and evaluating programs and policies in local and regional innovation economies, a key measure is the amount of private business research and development (R&D) activity taking place, typically found in the Business Enterprise Research & Development Survey (BERD). The Census Bureau, in cooperation with the National Science Foundation’s National Center for Science and Engineering Statistics (NCSES), is seeking public comment on planned updates to the BERD survey.