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Commerce Announces Appointments to National Advisory Council on Innovation and Entrepreneurship

Thursday, September 22, 2016

The U.S. Department of Commerce has announced that 30 individuals will serve in the third membership cycle of the National Advisory Council on Innovation and Entrepreneurship (NACIE). NACIE, which was established in 2010, advises the secretary of Commerce on transformational policies to help communities, businesses and the American workforce become more globally competitive.

  • Read more about Commerce Announces Appointments to National Advisory Council on Innovation and Entrepreneurship

ARC, EDA Announce Nearly $65M in POWER Funds for Coal-Impacted Communities

Thursday, July 7, 2016

This week, the Appalachian Regional Commission (ARC) and the Department of Commerce’s Economic Development Administration (EDA) announced that FY 2016 funds for the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) program are now available. Now in its second year, POWER is a multi-agency effort to invest federal economic and workforce development resources in communities and regions negatively impacted by changes in the coal economy.

  • Read more about ARC, EDA Announce Nearly $65M in POWER Funds for Coal-Impacted Communities

EDA Releases FFO for $15M Regional Innovation Strategies Program

Wednesday, April 27, 2016

The Economic Development Administration (EDA) released the Federal Funding Opportunity (FFO) and began accepting applications for the 2016 round of Regional Innovation Strategies (RIS) Program funding. In this round of funding, the EDA has made $15 million in federal funding available to create and expand cluster-focused proof-of-concept and commercialization programs and early stage seed capital funds through the i6 Challenge and the Seed Fund Support (SFS) Grant competition, respectively. Managed by EDA’s Office of Innovation and Entrepreneurship (OIE), EDA has made $13 million available for i6 Challenge grants and $2 million available for SFS grants. The deadline for the 2016 RIS FFO is 11:59 P.M. ET on June 24.

  • Read more about EDA Releases FFO for $15M Regional Innovation Strategies Program

EDA To Open $15M Regional Innovation Competition in April

Thursday, April 14, 2016

On April 25, the Economic Development Administration (EDA) will begin accepting applications for the 2016 round of the Regional Innovation Strategies (RIS) program. A total of $15 million in federal funding will be available through the program’s i6 Challenge and Seed Fund Support Grant competition. EDA will hold a series of webinars next week leading up to the release of the Federal Funding Opportunity on April 25, 2016. Webinar times are available on EDA’s RIS page.

  • Read more about EDA To Open $15M Regional Innovation Competition in April

Obama Administration Announces $66M via POWER Initiative

Thursday, March 24, 2016

In partnership with the Appalachian Regional Commission (ARC), the Economic Development Administration (EDA) announced the availability of $65.8 million in new funding through the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) initiative.

  • Read more about Obama Administration Announces $66M via POWER Initiative

EDA to Host Conference Call for 2016 Hannover Messe International Trade Show

Thursday, November 5, 2015

On Friday, November 6, at 10:00 A.M. ET, the Economic Development Administration will host a conference call for economic development organizations that are interested in participating in Hannover Messe 2016 – the world’s largest trade show for industrial goods, technology, and R&D. The conference call agenda includes information on U.S. Industry Pavilions for SMES/Export Services; the show’s Research & Technology Pavilion; and, a Q&A with SelectUSA, U.S.

  • Read more about EDA to Host Conference Call for 2016 Hannover Messe International Trade Show

Reminder: Deadline for 2015 Regional Innovation Strategies Applications October 5

Thursday, October 1, 2015

As a reminder, the closing date for applications to the Regional Innovation Strategies (RIS) program is Monday, October 5. A program of the EDA’s Office of Innovation and Entrepreneurship, the 2015 RIS Program Competition includes $10 million to support two unique grant opportunities:

  • Read more about Reminder: Deadline for 2015 Regional Innovation Strategies Applications October 5

EDA Streamlines Grant Application Process

Thursday, September 10, 2015

Applicants for the Economic Development Administration’s (EDA) FY 2016 Public Works and Economic Adjustment Assistance Programs Federal Funding Opportunity (FFO) will notice some changes to the application process when the FFO is released in the coming weeks. The standard ED-900 form has been replaced with a selection of shorter forms that can be mixed and matched to fit the needs of different solicitations. Also, a short proposal form can be submitted to ascertain whether a project is responsive to the FFO, instead of having to complete a full application.

  • Read more about EDA Streamlines Grant Application Process

EDA Leads $35M Multi-Agency Initiative to Strengthen, Diversify Coal-Reliant Communities

Thursday, May 14, 2015

Through the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative, an effort among multiple federal agencies led by the Department of Commerce’s Economic Development Administration (EDA), up to $35.5 million in funding is now available to provide investments in communities and workers negatively impacted by changes in the coal industry a

  • Read more about EDA Leads $35M Multi-Agency Initiative to Strengthen, Diversify Coal-Reliant Communities

EDA Announces $3M Short-Term Planning Assistance Grants for Coal-Impacted Communities

Thursday, April 30, 2015

The Economic Development Administration (EDA) announced $3 million in planning assistance to communities impacted, or which may be impacted, by contractions in the coal economy.  The funds were made available in part due to the newly established Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) initiative, a new interagency effort to assist communities negatively impacted by changes in the coal industry and power sector.

  • Read more about EDA Announces $3M Short-Term Planning Assistance Grants for Coal-Impacted Communities

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

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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. 
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