fy21budget

Federal budget continues growth for innovation initiatives

The final FY 2021 budget provides $1.4 trillion in total federal funding, including increases in some programs affecting the innovation economy. Among SSTI’s Innovation Advocacy Council priorities: EDA’s Build to Scale received an appropriation of $38 million, SBA’s Regional Innovation Clusters received $6 million, and SBA’s Federal and State Technology (FAST) program received $4 million. These are just a few of the federally-funded initiatives that support regional innovation economies and a wide range of federal R&D activities.

Innovation programs see increases in Senate appropriations bills

The Senate released its draft appropriations bills for FY 2021 this week. Priorities for SSTI’s Innovation Advocacy Council did well, with increases for Build to Scale ($38.5 million, + $5.5 million from FY 2020) and FAST ($5 million, + $2 million) and level funding for Regional Innovation Clusters ($5 million).

Science and innovation highlights within the FY 2021 budget proposal include the following:

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