• Join your peers at SSTI's 2024 Annual Conference!

    Join us December 10-12 in Arizona to connect with and learn from your peers working around the country to strengthen their regional innovation economies. Visit ssticonference.org for more information and to register today.

  • Become an SSTI Member

    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies.  Learn more about membership...

  • Subscribe to the SSTI Weekly Digest

    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

Senate Commerce Committee Votes to Increase Regional Innovation Authorization

June 30, 2016

The Senate Commerce Committee approved Wednesday the American Innovation and Competitiveness Act (AICA), a reauthorization of the America COMPETES Act. SSTI thanks Sen. Jerry Moran (R-KS) for his leadership in successfully offering an amendment to increase the authorization level for the Regional Innovation (RI) program to $30 million, which provides support for local innovation, entrepreneurship and economic growth. SSTI also recognizes Sen. Roy Blunt (R-MO) and Sen. Amy Klobuchar (D-MN) for their support of the organization’s priorities.

The bipartisan bill includes several provisions that support federal investment in research, innovation and commercialization, but SSTI believes that further changes must be made for the bill to fulfill the original mission of the America COMPETES Act. The AICA does not include SSTI’s priority of a commercialization grant program based on the language of S. 181, the Startup Act. As the AICA moves forward, SSTI encourages Congress to incorporate this proposal, and to bring the RI program authorization even closer to its original level of $100 million, as established in the America COMPETES Act of 2010.

ssti, federal budget