Ontario Government Launches Fund to Develop Cluster Initiatives
Through a partnership with the Ontario Chamber of Commerce, the government of Ontario is launching the Cluster Development Seed Fund, offering grants of up to $100,000 to support cluster initiatives. The funds are part of the Partnerships for Jobs and Growth Act, passed in 2014 by the Ontario government.
Massachusetts Makes $1B Investment in Community Development, Workforce Training, Innovation
JPMorgan Chase & Co. Awards $30M to Cluster Initiatives
JPMorgan Chase & Co. launched Small Business Forward℠ — a five-year, $30 million grant program to help industry cluster initiatives in cities across the country. Through Small Business Forward, JPMorgan Chase will fund nonprofit organizations that work with small businesses concentrated in a single industry sector.
Defining Successful Regional Innovation Clusters
To compete in the global world market, regions must continue to evolve and better understand how best practices support their regional industries, including defining the benchmarks of a successful industry cluster. In a recent academic article from Harvard researchers, Mercedes Delgado, Michael Porter, and Scott Stern unveiled a new algorithm tool that generates and assesses sets of cluster definitions. The new algorithm will be integrated into the U.S. Cluster Mapping Project to help researchers and policymakers cultivate more successful regional clusters.
$15M Solicitation for Regional Innovation Released
The U.S. Department of Commerce released a solicitation (EDA-HDQ-OIE-2014-2004219) for Regional Innovation Grants via the 2014 Regional Innovation Strategies (RIS) program. Under the RIS program, Commerce is soliciting applications for three separate Regional Innovation Strategy funding awards, including:
SBA To Fund Regional Innovation Clusters in NM, WI, Ozarks, Gulf Coast
The U.S. Small Business Administration has announced four new Regional Innovation Clusters that will be included among its portfolio of high-performing regional networks. Awardee clusters will receive $500,000-$550,000 for mentoring, counseling, pitch development and other small business support programs. The new members of SBA’s cluster portfolio include Milwaukee’s Water Technology Cluster, Southeastern New Mexico’s Autonomous and Unmanned Systems Cluster, a Retail, Supply Chain and Food Processing Cluster spanning the Ozarks region and a Marine Industries Cluster in several Gulf Coast states.
SBA Funds Three New Regional Innovation Clusters
The U.S. Small Business Administration (SBA) announced today the addition of three more cluster organizations to the portfolio of communities supported through the SBA Regional Innovation Clusters initiative, raising the total number of awardees in the program to 14.
SBA Releases 2015 Regional Innovation Clusters Solicitation
Last week, the U.S. Small Business Administration (SBA) released a combined synopsis/solicitation with the intention of awarding up to three contracts for entities to head regional innovation cluster initiatives. SBA intends to make three awards including one to an entity that will provide cluster initiative services to a community affected by changes in the coal economy.
Large Metros Dominate U.S. Manufacturing Landscape, Brookings Finds
A large majority of U.S. manufacturing jobs are located in large metropolitan areas, according to a new paper from the Brookings Institution Metropolitan Policy Program. In 2010, about 79.5 percent of manufacturing employment was centered in large metros and in central metropolitan counties. Over the past two years, however, there has been a slight shift in manufacturing activity back towards non-metro areas, as U.S. manufacturing has experienced a small resurgence.
White House Announces $26M Advanced Manufacturing Jobs and Cluster Development Challenge
The Obama Administration has released details on this year's $26 million Advanced Manufacturing Jobs and Innovation Accelerator Challenge, a multi-agency initiative to assist in the development and implementation of regionally-driven economic development strategies that support advanced manufacturing and cluster development. The challenge will fund approximately 12 new awards, each with a project period of up to three years. The deadline for applications is July 9, 2012.
Missouri Gov Launches Five-Year Cluster Plan
Governor Jay Nixon has released the final report from a year-long effort to design a five-year economic strategy for Missouri. The report identifies seven target clusters for development, including advanced manufacturing, energy solutions, biosciences, health sciences and services, information technology, financial and professional services, and transportation and logistics. Recommendations include a new science and technology/innovation fund, an R&D tax credit, an angel investment tax credit and cluster-based career training.
EDA and Partners Commit $33M to Grow Regional Innovation Clusters
The Economic Development Administration (EDA) in partnership with 15 other federal agencies and bureaus intends to commit $33 million in direct federal funding and provide technical assistance resources for the Jobs and Innovation Accelerator Challenge — a new public-private initiative focused on supporting and accelerating the growth of regional innovation clusters that exhibit high-growth development potential. Approximately 20 industry clusters will be selected through a nationwide competitive process that includes all industry sectors.
Two Long-standing TBED Organizations Joined to "Innovate Washington"
Created as the successor to two longstanding and accomplished tech-based economic development organizations — the Washington Technology Center (WTC) and the Spokane Intercollegiate Research and Technology Institute (SIRTI) — Innovate Washington will serve as the state's primary agency responding to tech transfer needs and strengthening university-industry partnerships. Innovate Washington also will coordinate the state's clean energy initiatives.
Several States Have Potential to Exploit Their Competitive Advantage, According to New Report
A larger number of states are positioned to capitalize on rising employment due to high-growth industries, according to a new report from Wells Fargo's Economic Group — Employment Dynamics and State Competitiveness. These states (i.e., Georgia, North Carolina, Arizona, Virginia and Texas) have been able to couple several high-growth industries with a skilled workforce to build their competitive advantage.
Officials in Louisiana, Rhode Island Tout Tech Hub Proposals
One is a proposed tech corridor focused on energy and environment in southeastern Louisiana and the other is being called a "knowledge district" meant to capitalize on the life sciences sector in Providence, but both have the same goal: growing high-tech industry sectors and creating high-wage jobs. Though the concept has been around for decades and is successful in many areas of the country, some states and regions are just now finding their niche and gaining support to establish tech hubs.
EDA Launches Online Tool to Examine Regional Economic Clusters
The U.S. Economic Development Administration and Harvard Business School have unveiled a new website that provides easy-to-navigate, granular data on U.S. economic clusters. The project aims to strengthen regional and national competitiveness by providing up-to-date, high-quality data on the economic performance of regions across the U.S. Users can browse a cluster dashboard, which maps out the strength of specific industries by region, or receive in-depth economic data on a particular region.
SBA Announces Available Funding to Support Regional Clusters
The Small Business Administration (SBA) announced it is accepting applications for the SBA Clusters Program. Under the SBA Clusters Program up to four contracts may be made to lead organizations of innovation cluster initiatives from across the country. The awards are intended to help the lead organization bring together regional assets to support the cluster and provide services and resources to small businesses involved in the cluster. Applications are due July 31.
DOL, SBA Announce Funding to Support Regional Industries to Compete in Global Economy
The Department of Labor (DOL) and the Small Business Administration (SBA) recently announced programs that will provide financial support to help states and regions assist key industries and small businesses compete in the global economy through the development of regionally focused workforce development and export assistance programs.
Tech Talkin’ Govs: Part IV
The fourth installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Illinois, Massachusetts and Utah.
SBA Awards Will Support Regional Innovation Cluster Initiatives
The Small Business Administration (SBA) plans to make seven awards to support organizations helping to build strong regional innovation clusters. The awards will support public-private partnerships that bring together businesses, academic institutions, economic development organizations and other local actors to lay the foundations of sustainable growth and economic competitiveness. Three of the awards will go to small businesses that provide cluster-related services. SBA intends to post a request for proposals on or about July 5.
Small Business Administration Releases Funding Announcement for Regional Innovation Cluster Program
The Small Business Administration released a funding announcement for the Regional Innovation Cluster (RICs) Program. The SBA will announce up to seven RIC awards intended to support public-private partnerships that bring together businesses, academic institutions, economic development organizations and other local actors to lay the foundations of sustainable growth and economic competitiveness. Three of the awards will be set aside to support small businesses that provide cluster-related services. Proposals must be submitted by August 6, 2012.
Canadian government announces winners of C$950 supercluster initiative
While the United States grapples with yet another proposed budget that drastically reduces investments in innovation, Canada’s federal government has announced that five industry-led organizations will share up to C$950 million as part of the country’s supercluster initiative.
While the United States grapples with yet another proposed budget that drastically reduces investments in innovation, Canada’s federal government has announced that five industry-led organizations will share up to C$950 million as part of the country’s supercluster initiative. The superclusters program, a part of the Trudeau government’s innovation and skills agenda announced last year, seeks to encourage leaders from business, research institutions, and the public sector to support the growth of targeted industry sectors. Other elements of the strategy include investments in venture capital, entrepreneurship, and collaborative R&D projects. Although there were originally nine semi-finalists for the superclusters awards, many of the losing bids ended up joining forces with the five winning initiatives:
Recent EDA grants support innovation – inspiration for other regions
Grant programs administered by the U.S. Economic Development Administration (EDA) under the Public Works and Economic Development Act (PWEDA) increasingly support projects to help distressed regions across the country to become more competitive in a science and technology-intensive global economy. The examples below of projects receiving federal PWEDA funds in just the past two months may help inspire similar innovation initiatives in other parts of the country.
Cluster Feasibility Studies
Grant programs administered by the U.S. Economic Development Administration (EDA) under the Public Works and Economic Development Act (PWEDA) increasingly support projects to help distressed regions across the country to become more competitive in a science and technology-intensive global economy. The examples below of projects receiving federal PWEDA funds in just the past two months may help inspire similar innovation initiatives in other parts of the country.
Report from NGIN and RTI describes critical elements for building an inclusive cluster
“Inclusive clusters have an explicit focus on equity, have identified the precise issues that lead to economic disparities in the cluster and have targeted strategies in place to shrink those disparities,” say the authors of Developing Inclusive Clusters, a recent Insight Report from the New Growth Innovation Network (NGIN) and RTI International.
SBA seeks regional clusters; nonprofits welcome to apply
The Small Business Administration recently released a new solicitation for the Regional Innovation Clusters initiative. Unlike what SBA has done in recent years, and returning to the program’s roots, all nonprofit organizations are eligible to apply alongside for-profit firms. In a change from prior solicitations, proposals must include whether the work will support an emerging or mature cluster. The timeline is relatively tight: submissions are due July 26.