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CALIFORNIA MAY EXPAND RTA NETWORK

October 30, 1998

California is considering expanding its network of Regional Technology Alliances (RTA), which is a component of the Goldstrike Partnership. The Goldstrike Partnership, a program of the California Trade and Commerce Agency's Office of Strategic Technology (OST), supports the development, application, and commercialization of technology to create jobs, respond to industry changes, and foster competitiveness.

The program’s goal is to leverage existing regional, state, and federal resources to maximize assistance in the formation and growth of technology-based firms. The RTA model is an industry driven, non-profit private/public partnership. There are currently three RTAs, located in the San Francisco Bay area, Los Angeles, and San Diego. OST is looking to establish a statewide network of RTAs that develop and manage technology based industry-driven initiatives.

The RTA expansion process has two phases, a study phase and an implementation phase. To determine if the expansion is warranted, the California Trade and Commerce Agency is inviting entities to submit proposals to OST for matching grant funding. OST is particularly interested in proposals for the California Desert, Capitol, and Central Valley areas.

In the implementation phase all, some or none of the RTAs may be awarded. The number and timing of awards will be determined by the strength of the studies and availability of funds.

For additional information, contact Jeff Newman, Manager of the Goldstrike Partnership at 626/568-8629 or via e-mail at jnewman@commerce.ca.gov. A copy of the solicitation is posted at http://www.goldstrike.net

California