ARC funds regional seed fund network that includes SSTI members
The Appalachian Regional Commission (ARC) recently announced $3,889,964 in funding for the Appalachian Investors Alliance (AIA), a seed fund network that includes several SSTI members.
The Appalachian Regional Commission (ARC) recently announced $3,889,964 in funding for the Appalachian Investors Alliance (AIA), a seed fund network that includes several SSTI members.
The Rural Partners Network, an all-of-government program that helps rural communities find resources and funding to create jobs, build infrastructure, and support long-term economic stability, is asking the public to nominate rural innovators who are positively impacting their rural communities. Individuals of all ages, including youth, are eligible.
The Appalachian Regional Commission (ARC) recently awarded new grants totaling over $16.4 million to boost green energy manufacturing and workforce development through its Appalachian Regional Initiative for Stronger Economies (ARISE) funding opportunity.
The Appalachian Regional Commission has released a request for proposals for the 2018 POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Program.
The Appalachian Regional Commission has released a request for proposals for the 2018 POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Program. In this round of funding, ARC will commit up to $20 million to support efforts that create a more vibrant economic future for coal-impacted communities in the ARC region by cultivating economic diversity, enhancing job training and re-employment opportunities, creating jobs in existing or new industries, and attracting new sources of investment.
The Appalachian Regional Commission (ARC) announced $26 million in awards to expand and diversify the economy in coal-impacted communities in five states. This adds to the $47 million ARC has invested since 2015 through the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative. The 31 awards that were announced in late January are projected to create or retain more than 2,500 jobs and leverage an additional $32 million from public and private investors.
Differences in per capita innovation capacity between urban and rural regions are not as large as previously believed according to a recent working paper from the National Center for Science and Engineering Statistics (NCSES). The study’s conclusions reduce the difference by a factor of three.
In an effort to help rural citizens retain their resources and wealth, the U.S.
On the heels of President Biden’s recent announcement of a Biotechnology and Biomanufacturing Initiative to boost the United States bioeconomy, the Congressional Research Service (CRS) has released The Bioeconomy: A Primer, which examines the future of the bioeconomy, explores the United States’ competitiveness in global
The United States Department of Agriculture (USDA) recently announced a $1.4 billion investment into rural areas of the U.S. for job training, business development, and technical assistance. These investments are granted through eight different programs to 751 awardees across 49 states, the U.S. Virgin Islands, and Puerto Rico. USDA estimates that the grants and loans provided by these awards will create or save at least 50,000 jobs in the rural United States.
The breakdown of the dollars invested and number of awards by program is as follows:
In January, the Office of Management and Budget (OMB) posted a request for public comment on the recommendations it has received from the Metropolitan and Micropolitan Statistical Area Standards Review Committee for changes to metropolitan and micropolitan statistical area standards. The 123 comments that have been recorded to date reflect a level of concern regarding changing the population threshold for urban areas and the impact on future funding that would have for these areas.
The Association of Public and Land-grant Universities (APLU) is building a program to create new career pathways for low-income rural students. Through a partnership with the North Central Regional Center for Rural Development at Purdue University, the program will address the needs of rural employers by creating a model to identify rural workforce needs, developing stakeholder partnerships, mapping workforce pathways, recruiting and supporting low-income rural learners, and building entrepreneurship and leadership skills.
The importance of higher education institutions in helping rural communities build innovation-based ecosystems has been detailed in a report released by the Center on Rural Innovation. Higher Ed’s Key Role In Rural Innovation Ecosystems profiles 10 colleges and universities that have been engaged in their area’s innovation environment and explores what techniques each institution has found most useful in building that ecosystem.
The U.S. Department of Agriculture unveiled a one-stop-shop of federal programs that can be used by rural communities impacted by COVID-19. The resource guide lists programs that can be used to provide immediate and long-term assistance in support of recovery efforts for rural residents, businesses and communities through:
Two new reports, one from the National Association of Counties (NACO) and the other from the Pew Charitable Trusts, provide new data on the gaps in access to broadband and some tactics for how states can effectively develop their broadband expansion projects.
Two new reports, one from the National Association of Counties (NACO) and the other from the Pew Charitable Trusts, provide new data on the gaps in access to broadband and some tactics for how states can effectively develop their broadband expansion projects.
The Federal Communications Commission (FCC) announced last week that it has approved the Rural Digital Opportunity Fund which will provide $20.4 billion over two phases to help expand broadband networks throughout rural communities. Phase one will provide $16 billion for use in communities that are currently unserved by broadband services with minimal download speeds of 25 megabits per second (Mbps) and 3 Mbps upload speeds.
Turning good intentions into actions is part of the motivation behind a recent report from the Community Strategies Group (CSG) of the Aspen Institute. The report, Rural Development Hubs: Strengthening America’s Rural Innovation Infrastructure, focuses on actions that could build capacity to advance rural community and economic development to improve equity, health and prosperity for future generations.
The U.S. Department of Energy and the U.S. Department of Agriculture have announced an agreement between them to promote rural energy and the development of technologies “that will support and advance rural and agricultural communities and domestic manufacturing.” The Memorandum of Understanding (MOU), which was required under the 2018 Farm Bill, is expected to increase the economic development of rural areas through new energy technologies and investments.
The continuing trend toward automation could widen the disparities between high-growth urban areas and rural counties at a time when workforce mobility is at historic lows, and the current economic health of urban, suburban and rural economies will impact their ability to adapt, according to a new report from the McKinsey Global Institute: The Future
A recent story from the Federal Reserve Bank of Kansas City examines how hospital closures in rural areas have economic impacts that reverberate throughout the community. The report’s author, Kelly Edmiston, found that rural counties with hospital closures saw meaningfully lower annual growth in employment and aggregate wages three years after the closure than counties without hospital closures. Closings were found to have a larger effect on smaller counties, where the hospital has a higher share of employment and wages relative to the total county employment and wages.
When it comes to paying off student loan debt, rural individuals who move to metro areas fare better than those who stay, according to new research from PJ Tabit and Josh Winters of the Federal Reserve Board’s Division of Consumer and Community Affairs. Using panel data from Equifax and the New York Fed, the authors explore the relationship between the student loan balances of rural millennials and where they choose to live when they begin repayment. Their analysis offers a deeper understanding of the rural brain drain phenomenon and approaches to addressing the challenge.
The latest Farm Bill, expected to be signed into law Thursday, contains provisions that could provide significant new tools for rural innovations. The two greatest opportunities are the Rural Innovation Stronger Economy (RISE) grant program, which creates an innovation cluster and strategy program for rural regions, and a change to allow the existing Community Facilities program to support incubators, makerspaces, and job training centers.
Rural communities across the country have the opportunity to build capacity to create innovation-based jobs with a new initiative spearheaded by the Center on Rural Innovation. Communities that are already working on building new entrepreneurship capacity will receive on-site technical assistance as they execute an innovation hub strategy. Those communities will need to secure live-work space for the hub, raise up to $500,000 in operating funding and apply for matching funds at the end of Q1 2019.
Despite an uneven economic recovery, fewer Americans are living in distressed communities and more are living in prosperous ones, according to a recent report from the Economic Innovation Group (EIG), a Washington, D.C.-based policy and advocacy organization.
Despite an uneven economic recovery, fewer Americans are living in distressed communities and more are living in prosperous ones, according to a recent report from the Economic Innovation Group (EIG), a Washington, D.C.-based policy and advocacy organization. Comprised of seven factors measuring socioeconomic health, the Distressed Community Index (DCI) divides the country’s zip codes (communities) into five quintiles — prosperous, comfortable, mid-tier, at-risk, and distressed — and tells the story of the country’s economic health across two time periods, the recession years of 2007 to 2011 and the recovery years of 2012 to 2016. EIG finds that the employment and business establishment growth during the economic recovery has been mostly limited to prosperous communities, where the population tends to be more educated and the housing vacancy rate may be lower.
Vibrant Virginia (VV), a new program from Virginia Tech’s Office of Economic Development, is offering seed grants as a way to encourage faculty and graduate students to explore persistent public policy challenges spanning the state’s urban, suburban, and rural communities.
Two recent reports provide good news and bad news regarding innovation in America’s rural areas. Only one in six individuals living in rural areas was self-employed in 2016 — down from one in four in 1988, according to a new issue brief from the Small Business Administration (SBA). This represents a decline of nearly 20 percent over that span of time.