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New dashboard may help us understand regional clusters

Thursday, June 4, 2026
To support data-driven economic and workforce development, the Purdue Center for Regional Development (PCRD), in partnership with the EDA, has released a new Regional Clusters website with compiled data presented across interactive dashboards with maps, tables, and other tools and resources. The dashboards cover industry-based, skills, and knowledge clusters. PCRD’s definitions of each cluster type can be found here or within their respective dashboard.
  • Read more about New dashboard may help us understand regional clusters

EDA makes $3 billion available for regional economies

Thursday, July 22, 2021

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.

  • Read more about EDA makes $3 billion available for regional economies

Regional Innovation Strategies 2017 funding available

Thursday, May 11, 2017

The Economic Development Administration is seeking applications through June 23 for the 2017 Regional Innovation Strategies program. Through SSTI’s work with Congress, a record $17 million is available this year. Along with increased funding, the notice of funding availability includes a few changes from previous years. More information will also be available in a webinar SSTI is hosting with EDA on May 22 at 3 p.m. EDT.

  • Read more about Regional Innovation Strategies 2017 funding available

Commerce Dept Names 26 Recipients of Regional Innovation Strategies Grants

Thursday, April 2, 2015

U.S. Secretary of Commerce Penny Pritzker announced the first 26 recipients of the 2014 Regional Innovation Strategies program grants. Managed by the Economic Development Administration, the Regional Innovation Strategies (RIS) program is designed to advance innovation and capacity-building activities in regions across the country through three different types of grants:

  • Read more about Commerce Dept Names 26 Recipients of Regional Innovation Strategies Grants

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Recent news from the SSTI Digest

Universities as architects of regional innovation ecosystems

Wednesday, July 8, 2026
Ask most university leaders how their institution contributes to the regional economy and the answer is likely to include research expenditures, patents, startups, and jobs. Those measures remain important, but they overlook one of the university's most valuable contributions. In today’s economy, where innovation, talent, and technology shape how regions grow, universities are helping communities adapt, connect, and compete.
regionalism
innovation

TBED programs succeed by engaging with local communities

Wednesday, July 8, 2026
When a new TBED project comes to town, the TBED practitioners inside know the long-term benefits of technology-based economic development: they can see and understand their progress in building a strong economic foundation for their host region. But for community-based and workforce development organizations and K-12 education systems in the surrounding area, the TBED project might appear to be an opaque operation that operates independently of its neighbors.
tbed

What to expect when you’re expecting (investment returns)

Wednesday, July 8, 2026
Following SSTI’s recent look at the timing and type of exits, we continue our look at investment activity to characterize returns on investments so that TBED investors can more accurately project and adjust program parameters to support long-term sustainability. Accurate data on venture capital investment returns and fund performance on private investment vehicles is not readily or consistently available. Anecdotal stories  and the occasional press release on a major transaction exist, but VC exits are often done quietly. As such, parties interested in understanding performance outcomes must rely on focused reports and other aggregate data. 
investing
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