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SSTI receives EDA award to launch Tech-based Economic Development Community of Practice focused on EDA grantees

SSTI is pleased to announce a new project with the Economic Development Administration (EDA) to build a Community of Practice focused on EDA’s important technology-based economic development (TBED) investment priority area. This new partnership will help regions across the entire country become more resilient, more equitable, and more competitive in the global innovation-centered economy.

51 recipients share $47 million in EDA Build to Scale awards

A total of $47 million has been awarded to 51 organizations by the U.S. Economic Development Administration to support programs that accelerate innovation and tech-based economic development as part of the Build to Scale program,  U.S. Secretary of Commerce Gina Raimondo announced yesterday. The 2022 awardees will leverage an additional $48 million in matching funds from private and public sector sources. SSTI has been an advocate of the Build to Scale program, which did not receive federal appropriations prior to the creation of the SSTI Innovation Advocacy Council.

EDA announces 32 winners of $500 million Good Jobs Challenge

Thirty two industry-led workforce training partnerships from across the country were announced as the grant winners of the $500 million Good Jobs Challenge by the U.S. Economic Development Administration. Selected from 509 proposals, the regional partnerships are focused on removing barriers to training and are expected to increase more equitable labor participation with a focus on 15 key industries.

Congress passes modified competitiveness legislation

This week, Congress approved a new version of legislation to incentivize semiconductor manufacturing facilities, create a Regional Technology Hubs program, and reauthorize many science-related agencies. The Senate passed the bill on the 27th, and the House passed the legislation a day later.

Newly reestablished NACIE charged with producing three moonshots

U.S. Secretary of Commerce Gina M. Raimondo led the National Advisory Council on Innovation and Entrepreneurship’s (NACIE) first meeting since being re-established, where she charged the council with identifying and developing roadmaps for three “transformative achievements” that will “serve as the core of an American National Entrepreneurship Strategy” to “improve our prosperity and strengthen our economic and national security.” Once the moonshots are decided upon, Raimondo said the council will recommend how the country can develop the technologies to achieve the goals.

EDA announces up to $35 million in new funding opportunities for Economic Recovery Corps and Equity Impact Investments programs

The U.S. Economic Development Administration (EDA) last week announced a new funding opportunity that includes two programs designed to strengthen equitable economic development strategies across the country. One program will add staff resource to local organizations focused on improving economic resilience and competitiveness in distressed regions across the country, while the second will provide technical assistance to enable organizations serving underserved populations and communities to participate in economic development planning and projects.

EDA’s Good Jobs Challenge nets 509 proposals for $500 million initiative

Manufacturing, healthcare services, information technology, building and construction, and transportation, distribution and logistics are the top five industries by number of applications submitted to the U.S. Economic Development Administration’s Good Jobs Challenge, according to EDA. Grantees for the $500 million program are expected to be announced this summer, with 509 proposals totaling $6.4 billion in requested funds submitted from every state and territory. The initiative is focused on removing barriers to training, particularly for those workers hit hardest by the pandemic, including women and people of color.

EDA releases $45 million Build to Scale NOFO

Earlier today, the Economic Development Administration announced the 2022 notice of funding opportunity (NOFO) for the Build to Scale program. State and local governments, nonprofits, institutions of higher education, National Labs and others are eligible to compete for a total of $45 million in funds to support new and expanded initiatives that support regional commercialization, entrepreneurship and capital formation efforts.

$2 million awarded to eight winners of EDA’s STEM Talent Challenge

The U.S. Economic Development Administration (EDA) announced the eight winners of its STEM Talent Challenge, a national competition to receive funding for programs developed to train talent in science, technology, engineering, and mathematics (STEM). This challenge encourages a resilient workforce to amplify the United States as a competitive force in STEM. Winning programs will receive up to $250,000 in awards and leverage another $2.5 million in matching funds from private and public sources.

EDA makes initial Build Back Better Regional Challenge awards

Earlier this week, the U.S. Economic Development Administration (EDA) announced the phase I winners of the Build Back Better Regional Challenge. Each of the 60 awardees receive $500,000 to support their region and cluster — and begin the process of competing for one of the 20-30 phase II awards that can be up to $100 million each.

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