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Displaying 1 - 19 of 19
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MEP national network FY 2022 impacts include more than 116,000 retained or created jobs, $18.8B in new or retained sales

Thursday, February 16, 2023

The NIST (National Institute of Standards and Technology) Manufacturing Extension Partnership (MEP), a national public-private partnership initiative within the US.

  • Read more about MEP national network FY 2022 impacts include more than 116,000 retained or created jobs, $18.8B in new or retained sales

Specter of Budget Sequestration Looms Over November's Elections

Wednesday, October 3, 2012

Unless Congress and the White House take action by the end of the year, across-the-board spending reductions will go into effect for all federal agencies as a result of provisions in the Budget Control Act of 2011. The budget sequestration would reduce defense discretionary funding by 9.4 percent and non-defense funding by 8.2 percent from the 2011 baseline.

  • Read more about Specter of Budget Sequestration Looms Over November's Elections

DoD and Commerce seeking comments on supply chain rules

Thursday, April 15, 2021

The Department of Defense is seeking comments and information on President Biden’s Executive Order, “America’s Supply Chains,” which directs several federal agency actions to secure and strengthen the country’s supply chains. The U.S. Department of Commerce is also seeking public input on a licensing or other pre-clearance process for entities engaging in certain information and communications technology and services transactions (ICTS Transactions).

  • Read more about DoD and Commerce seeking comments on supply chain rules

Commerce sets new, hands-off direction for department

Thursday, March 8, 2018

In a shift from its past economic development efforts, the U.S. Department of Commerce FY2018-2023 strategic plan would move the department to focus almost exclusively on being a commercial services entity. The plan’s points of emphasis are on streamlined permitting and regulations, with direct government activity primarily reserved for common good services — e.g., economic data, cybersecurity and IP protection.

  • Read more about Commerce sets new, hands-off direction for department

MEP Announces Regional Forums Ahead of Competition for 12 MEP Centers

Thursday, August 20, 2015

The National Institute of Standards and Technology's (NIST) Hollings Manufacturing Extension Partnership (MEP) is conducting three regional forums on the proposed recompetition of MEP Centers in 11 states and Puerto Rico. The regional forums are intended to provide interested entities more information about the MEP program, the federal funding opportunity and answers to any questions regarding the funding announcement prior to its targeted release of January 2016.

  • Read more about MEP Announces Regional Forums Ahead of Competition for 12 MEP Centers

DOC, Aspen Institute Partner to Strengthen U.S. Workforce Development Efforts

Thursday, April 30, 2015

As a component of the U.S. Department of Commerce’s Skills for Business initiative, The Communities That Work Partnership is a new joint project aimed at accelerating industry-led workforce development and training efforts.

  • Read more about DOC, Aspen Institute Partner to Strengthen U.S. Workforce Development Efforts

Commerce Announces Next Round for Manufacturing Communities Competition

Thursday, January 29, 2015

The U.S. Department of Commerce announced a second round of the Investing in Manufacturing Communities Partnership (IMCP) competition. IMCP, a cross-agency initiative, coordinates federal investments behind long-term economic development strategies in manufacturing communities. The first four designee communities were announced in May 2014.

  • Read more about Commerce Announces Next Round for Manufacturing Communities Competition

Commerce Department Announces Members of Innovation and Entrepreneurship Council

Thursday, October 9, 2014

The U.S. Department of Commerce has released the names of the 27 individuals who will serve as the initial members of the National Advisory Council on Innovation and Entrepreneurship (NACIE). NACIE, which will begin work in December, will advise the secretary of Commerce on transformational policies to help communities, businesses and the American workforce become more globally competitive. Subcommittees will explore the council’s three main focus areas: entrepreneurship, innovation and job-driven skills training.

  • Read more about Commerce Department Announces Members of Innovation and Entrepreneurship Council

Over 1,600 Manufacturers Hold Activities in Honor of Manufacturing Day

Tuesday, October 7, 2014

Each year, the first Friday in October marks Manufacturing Day, a quasi-holiday where manufacturers nationwide open their doors to host open houses, tours, workshops, and other events to educate the public on the current state of American manufacturing. Although the phrase “American manufacturing” may conjure up images of oversized equipment or Rust Belt decay, the industry is, by many accounts, thriving. One of the highlights of this year’s Manufacturing Day was Jay Williams, the Assistant Secretary of Commerce for Economic Development’s announcement of a nearly $1.9 million EDA grant to Wichita State University in South Kansas to support advanced manufacturing, fueling the creation of 500 jobs and providing competitive advantage to the region’s transportation equipment manufacturing industry.

  • Read more about Over 1,600 Manufacturers Hold Activities in Honor of Manufacturing Day

EDA Director to Share His Vision of Agency's Future

Thursday, August 21, 2014

In one of his first appearances at a national economic development conference, Assistant Secretary of Commerce for Economic Development Jay Williams will address SSTI's Annual Conference on September 15 in Chicago.

  • Read more about EDA Director to Share His Vision of Agency's Future

Highlights from the President's FY15 Department of Commerce Budget Request

Wednesday, March 5, 2014

The president’s FY15 budget request for the Department of Commerce (DOC) totals $8.8 billion in discretionary funding (6.9 percent increase over FY14 enacted), with increased funding for most agencies and programs related to research, technology transfer, advanced manufacturing and regional economic development. The department would play a key role in the administration’s Opportunity, Growth and Security Initiative (OGSI), managing the planned expansion of the National Network of Manufacturing Innovation (NNMI) to include 45 institutes over the next 10 years.

  • Read more about Highlights from the President's FY15 Department of Commerce Budget Request

Congress Appropriates $10M for Regional Innovation Program

Thursday, January 16, 2014

The FY14 Omnibus Appropriations bill, which the U.S. House of Representatives passed yesterday and the U.S. Senate is expected to pass on Friday, contains $10 million for the Regional Innovation program in the U.S. Department of Commerce’s budget. This is the first time the grant portion of the program was directly funded.  The program was authorized in the America COMPETES Act of 2010 and establishes the program “to encourage and support the development of regional innovation strategies, including regional innovation clusters and science and research parks.”

  • Read more about Congress Appropriates $10M for Regional Innovation Program

U.S. Commerce Department Awards $20.5M for Regional Job Creation

Thursday, October 31, 2013

Commerce Secretary Penny Pritzker recently announced the first ten winners of the Make It in America Challenge, which provides grants to accelerate regional job creation and encourage business investment. Grantees will receive a total of $20.5 million for projects supporting regional economic development, advanced skills training, greater supply chain access and other projects. Funding for this round of awards is provided by the Economic Development Administration, the Labor Department's Employment and Training Administration, and the Delta Regional Authority.

  • Read more about U.S. Commerce Department Awards $20.5M for Regional Job Creation

Do Cluster Initiatives Work? Evidence from SBA's Pilot Initiative

Wednesday, July 24, 2013

Small businesses often are surrounded by a myriad resources and potential partners that could help leverage their products and services to innovate and grow, but they are not always aware of how to access them.

  • Read more about Do Cluster Initiatives Work? Evidence from SBA's Pilot Initiative

Federal Agencies Release Information on Manufacturing Institutes, Manufacturing Partnership

Wednesday, May 15, 2013

Last week, the Obama administration announced that it would commit $200 million to establish three new manufacturing innovation institutions in 2013 (see the May 8, 2013 issue of the digest).

  • Read more about Federal Agencies Release Information on Manufacturing Institutes, Manufacturing Partnership

Strategy Outlined to Encourage Strengthening of Manufacturing Communities

Wednesday, April 24, 2013

To encourage communities to strengthen their industrial ecosystems, the U.S. Department of Commerce has announced it will make awards to up to 25 communities to launch implementation strategies. The solicitation for the awards will be released in May, and awards of up to $200,000 each will be issued by the end of September. The awards are one part of a four–phase plan announced by Deputy Secretary of Commerce Rebecca Blank last week that also includes listening sessions and a proposal to award five to six communities $25 million each.

  • Read more about Strategy Outlined to Encourage Strengthening of Manufacturing Communities

Obama Administration Commits $6M to New Economic Planning Pilot Challenge

Wednesday, June 20, 2012

The Economic Development Administration (EDA) announced the Strong Cities, Strong Communities (SC2) Pilot Challenge, a $6 million pilot initiative to assist economically challenged municipalities in creating long-term economic development plans. Under the SC2 initiative, the EDA will select six pilot communities from across the country. To be eligible for the SC2 initiative, the applicant must be a local government that meet all the economic distress criteria described in the announcement and has a current population of at least 100,000.

  • Read more about Obama Administration Commits $6M to New Economic Planning Pilot Challenge

EDA Releases 2012 i6 Challenge

Wednesday, June 13, 2012

The Economic Development Administration (EDA) released the third round of the i6 Challenge to spur high-growth entrepreneurship. EDA and its partners will commit up to $6 million to establish six proof-of-concept centers that promote American innovation, foster entrepreneurship and increase the commercialization of ideas into viable companies. These centers incorporate a range of services from technology and market evaluation, through business planning and mentorship and on to early stage access to capital. Organizations eligible for i6 challenge grants include U.S.

  • Read more about EDA Releases 2012 i6 Challenge

EDA and Partners Commit $33M to Grow Regional Innovation Clusters

Wednesday, April 27, 2011

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.

  • Read more about EDA and Partners Commit $33M to Grow Regional Innovation Clusters

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Recent news from the SSTI Digest

Recent Research: What makes place-based economic development policies work?

Wednesday, September 9, 2026
Place-based economic development is back near the center of federal policy, from Opportunity Zones to the CHIPS and Science Act. That renewed attention comes with a familiar problem: decades of enterprise zones, tax incentives, infrastructure investments, and other geographically targeted programs have produced results that are hard to summarize cleanly. In a new NBER working paper, Matthew Freedman and David Neumark ask the better question: not simply whether or not these policies work, but under what conditions they might work, for whom, and why. Their review points to a practical conclusion: policy design matters and targeting a distressed community with development-focused financial incentives is rarely enough on its own.
economic development

A BBBRC grant builds momentum for a highly trained semiconductor workforce

Wednesday, September 9, 2026
For the civic leaders of Osceola County, the Great Recession of 2008 made clear that they could not base their economy so heavily on travel and tourism. By the time COVID-19 hit in 2020, they knew the steps they had taken to diversify their economy were the right ones. When the Build Back Better Regional Challenge (BBBRC) opportunity arose in 2021, the county and its partners were well-positioned to operationalize the benefits the grant presented to the region and create a trained workforce for a recently attracted semiconductor industry. How did Osceola County get here? There are potential approaches to emulate by more areas of the county dependent on low-wage sectors like tourism or, for that matter, extraction-focused regions subject to “boom and bust.” 
semiconductors
workforce

The impact of tax incentives on early-stage company investment varies

Wednesday, September 9, 2026
One persistent question in economic development policy is how incentives impact private sector investment decisions. Recent and ongoing research from Murillo Campello and Guilherme Junqueira of the University of Florida, published in the National Bureau of Economic Research working paper series, explores the impact of the Qualified Small Business Stock (QSBS) program on venture capital risk-taking. The researchers found that the availability of QSBS tax benefits strongly influences venture capital investment behavior, specifically in traditionally structured venture capital funds. They also found no similar behavior among angel or corporate investors, an insight that may hold important program design and policy lessons for the TBED community. 
tax incentives
investing
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