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The EDA’s Revolving Loan Fund (RLF) can be an important tool for supporting tech-based economic development initiatives. In the newest addition to SSTI’s Federal Funding Video Library, Matt Knutson, program analyst with EDA, provides an overview of how organizations can use this funding opportunity. Whether you’re seeking to understand the application process or explore how the RLF program aligns with your region’s TBED strategy, this video offers valuable insights and guidance.

In an email sent out this morning, EDA announced, “Given the high volume of applications, EDA is now only requiring the Lead Organization to register in EDGE.” EDGE is EDA’s new grants management platform. The email encourages applicants to “please focus on getting your application materials prepared and having the Lead Organization submit them in EDGE. Application acceptance will not be affected if consortium members are not registered in EDGE.

Health is one of the most pressing issues in the U.S. Now, thanks to National Science Foundation's Type I NSF Engine development awards, teams throughout the U.S. will be focusing on technology-based solutions to this issue. This week we highlight three SSTI members whose NSF Engine Awards concentrate on health.

U.S. Department of the Treasury recently awarded $125 million to 43 nonprofits and community-based organizations, including SSTI member University of Arkansas for Medical Sciences. The money came via the American Rescue Plan Act- (ARPA-) funded (CRP) Capital Readiness Program. The CRP enables small businesses to access technical assistance through organizations that provide services to underserved businesses.

If a recent forecast from McKinsey & Company is correct, climate change isn’t the only rough ride ahead over the next decade for regional and national economies.

A report from ITIF warns that China is catching up with the U.S. in private R&D funding. If this trend continues, China could surpass the U.S.

The National Science Foundation announced 16 finalists for the first-ever NSF Regional Innovation Engines (NSF Engines) competition, spanning a range of key technology areas and societal and economic challenges highlighted in the "CHIPS and Science Act." The NSF Engines will link up with local and regional partners to expand innovation nationwide and create collaborative and inclusive technology-driven innovation ecosystems.

The lead organizations for the 16 teams are:

Arizona State University

Current Innovation, NFP (IL)

FUZEHUB, Inc. (NY)

In 1862, during the Civil War, Congress passed the Land-Grant Agricultural and Mechanical College Act of 1862 (a.k.a. the Morrill Act of 1862). This legislation extended educational opportunities for many White working-class Americans. But it did little to extend education to Black people. The Morrill Act of 1890 passed 28 years later created new land grant institutions to address the issue of Black peoples’ access to higher education. But racial inequities between the two land-grant systems have persisted into the present day.

The National Science Foundation (NSF) is expanding a network of research centers across the country to translate university-based R&D into new, and hopefully, better advanced materials. In late June, NSF announced the distribution of $162 million to support the creation of nine more Materials Research Science & Engineering Centers (MRSECs), bringing the total number of centers to twenty. Each of the new centers will receive $18 million over six years.

The U.S. Environmental Protection Agency (EPA) recently launched two Notices of Funding Opportunity (NOFOs): the National Clean Investment Fund and the Clean Communities Investment Accelerator. The National Clean Investment fund provides $14 billion to provide accessible, affordable financing for tens of thousands of clean technology projects nationwide.

Over the last month, the Department of Energy (DOE), National Science Foundation (NSF), and National Institute of Standards and Technology 

Over the past two decades, business has done most of the heavy lifting for research and development (R&D) funding. Calculated in the dollar value of 2012, business funding increased from $10.4 billion in 2000 to an estimated $36.0 billion in 2021.

The National Center for Science and Engineering Statistics (NCSES) keeps track of these types of statistics, and the above data is from Business Sector Increases Funding for Basic Research, one of three InfoCharts released last month.

Last month, NIH came out with a policy statement that prohibits using generative AI to analyze or critique NIH grant applications and contract proposals.

Every year, inadequate childcare causes the US economy to take a $122B hit, according to a study by an economist at the University of Pennsylvania. This economic hit affects everyone—workers, businesses, and taxpayers. Parents lose income when they miss work to take care of a child. Businesses suffer from lower productivity when employees are absent.

The Department of Defense (DOD) receives about $95 billion annually to support research and development efforts. But some members of Congress feared that requesting and allocating those funds took too long. It usually takes two years, which hinders response to evolving threats. The Senate addressed this issue in the Senate Report on the National Defense Authorization Act for Fiscal Year 2022, calling for the U.S.

Did you use the Recompete Mapping Tool to check your eligibility for this new EDA funding opportunity when the fact sheet and map were first released? If you did, and you got the response, “Contact your local economic development office” don’t stop there! EDA has updated its mapping tool in the past few days to reflect significant flexibility in program eligibility.

SSTI’s Annual Conference is in Atlanta this Sept. 6-8. The event will feature numerous opportunities to connect with your peers from across the country who are working to strengthen their regional innovation economies through roundtables focused on specific areas of practice and workshops on communications, building stronger organizations, and diversity, equity, and inclusion. The entire conference is available for a registration fee of just $390.

The Senate appropriations committee advanced a set of FY 2024 funding bills this morning that largely continue level funding from FY 2023.

As more households rely on faster forms of internet, broadband internet service has begun to be treated as a necessity in the home and workplace. But its use has varied by generation; according to Pew Research Center, 99% of US adults ages 18-29 report using the internet, while only 75% of senior citizens (65+) can say the same.

The Acting Secretary of Labor (Secretary) requests nominations of qualified candidates to be considered for appointment to the Advisory Committee on Apprenticeship (ACA) for the 2023-2025 membership term. Registered Apprenticeship is highly dependent on its stakeholders' and partners' engagement and involvement for its operational effectiveness.

NIST has released a plan to make its scientific data and publications more readily available and accessible, following a memo from the White House Office of Science and Technology Policy (OSTP) instructing all government agencies to do so.

The U.S. Department of Energy (DOE) has reduced its funding for the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The cut at the Office of Science—the agency’s primary program administrator—appears to be about 35%. The change resulted from congressional direction that the agency had miscalculated its SBIR set-aside and is intended to make the Office of Science’s calculation more consistent with that of the other programs in DOE.

Today, the Supreme Court ended Affirmative Action on college campuses.

On June 26, 2023, the U.S. government announced allocations from the $42.45 Billion Broadband Equity, Access, and Deployment (BEAD) program. These funds, allocated to all 50 states, the District of Columbia, and five territories, are intended to close the digital divide in the U.S., as funding will be used to deploy or upgrade broadband networks to ensure that everyone in the U.S. has access to reliable, affordable, high-speed Internet service.