Obama Administration Awards $38.8M to Support Economic, Workforce Development Projects in Coal-Impacted Communities
The Economic Development Administration (EDA), the Appalachian Regional Commission (ARC), and the Department of Labor’s Employment and Training Administration (ETA) have announced $38.8 million in funding as a part of the Obama administration’s Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative – a coordinated federal effort to align, leverage and target a range of federal economic and workforce development programs and resources to assist communities negatively impacted by global transition away from coal. In addition to $38.8 million in federal support, the federal partners anticipate that POWER investments will help coal-impacted communities leverage an additional $67 million from other public and private partners.
DHS Announces $40M to Support Cybersecurity Focused COEs, Free Cybersecurity Training for Vets
In August, the Department of Homeland Security (DHS) announced over $40 million in available federal funding for a new DHS Center of Excellence (COE) for Homeland Security Quantitative Analysis via two federal funding opportunities (FFO).
OSTP, NEC Release Call to Action for Upcoming National Manufacturing Day
The White House Office of Science and Technology Policy (OSTP) and the National Economic Council (NEC) published a call to action concerning the upcoming National Manufacturing Day (October 7, 2016) &n
USPTO ‘lottery’ creates huge economic advantage for winners
In a recent paper from the National Bureau of Economic Research (NBER), the authors contend the U.S. Patent Office (USPTO) has created a lottery-type system that creates great economic benefit for startups and other patent-seekers that drew lenient patent examiners. In What Is A Patent Worth? Evidence from The U.S.
In a recent paper from the National Bureau of Economic Research (NBER), the authors contend the U.S. Patent Office (USPTO) has created a lottery-type system that creates great economic benefit for startups and other patent-seekers that drew lenient patent examiners. In What Is A Patent Worth? Evidence from The U.S. Patent “Lottery,” the authors found that patent applications by startups that were reviewed by lenient USPTO examiners had, on average, 55 percent higher employment growth and 80 percent higher sales growth five years later. Those startups also pursue more and higher quality, follow-on innovation. These results are, in large part, due to increased access of funding from VCs, banks, and public investors.
ARC awards $15.7M in new round of funding to improve Appalachia’s coal-impacted communities
On June 14, the Appalachian Regional Commission (ARC) announced $15.7 million in funding to support 18 projects (including those of two SSTI members – LaunchTN and Ohio University) that will help grow the economies in coal-impacted communities in seven states. With this latest announcement, ARC has invested over $92 million (leveraging an additional $206 million in investments) to diversify the economies in 250 coal-impacted counties across 11 Appalachian states through its POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Initiative. The new round of investments are intended to create and retain hundreds of jobs in advanced manufacturing and tech industries; support entrepreneurial development efforts, and, build workforce pipelines through institutions of higher education.
SSBCI VC investments attracted $12:1 private financing, local partners
The U.S. Department of Treasury released its final annual report for the State Small Business Credit Initiative (SSBCI), which provided funding to states for lending and investment programs. “Venture capital” programs, often structured for pre-seed (13 percent of funds), seed (27 percent) or early stage (45 percent) investments, attracted $4.2 billion in immediate private financing against $327 million in federal dollars.
The U.S. Department of Treasury released its final annual report for the State Small Business Credit Initiative (SSBCI), which provided funding to states for lending and investment programs. “Venture capital” programs, often structured for pre-seed (13 percent of funds), seed (27 percent) or early stage (45 percent) investments, attracted $4.2 billion in immediate private financing against $327 million in federal dollars. This leverage of $12.76 of private investment for every public dollar was further improved by more than $2 billion in subsequent private financing to date. Perhaps more significant than the program’s ability to attract private investors has been its success in generating investments outside of the nation’s most concentrated markets.
Chicago, Detroit Win Competition for Newest Manufacturing Hubs
The latest Department of Defense-led manufacturing innovation institutes will support cutting-edge research and product development in lightweight and modern metals and digital manufacturing and design. A consortium of 73 companies, nonprofits and universities will help launch the Chicago-based institute. The Detroit-area based consortium involves 60 partners.
DOL Announces $150M Ready to Work Partnership Grant Competition
The Department of Labor announced it will commit up to $150 million to the Ready to Work Partnership grant competition — a program that supports and scales innovative public-private partnerships to build a pipeline of talented U.S. workers in middle- and high-skill jobs.
Highlights from the President's FY15 Department of Commerce Budget Request
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.
Highlights from the President's FY15 Department of Energy Budget Request
The administration’s FY15 budget request in discretionary funding for the Department of Energy (DOE) is $27.9 billion (1 percent decrease from FY14), of which $12.3 billion would support R&D (8.4 percent increase) and $4.2 billion would support investment in the Department’s applied energy sector programs to drive an “all-of-the-above” approach to energy sector innovation. The proposed budget would provide substantial increases for funding advanced manufacturing and clean energy R&D.
Highlights from the President's FY15 Department of Defense Budget Request
The FY15 budget request for the Department of Defense (DOD) would provide $495.6 billion (0.1 percent decrease) in discretionary base funding. DOD is proposing a strategic rebalance to the Asia-Pacific region as the war in Afghanistan nears an end, while also maintaining a military presence and engagement with allies and partners in the greater Middle East. The budget supports this adjustment and makes strategic investments in areas identified as priorities, such as increasing security challenges and opportunities in cyberspace, continuing to invest in R&D to feed innovation in both the military and civilian sectors, and combating terrorism.
Highlights from the President's FY15 Department of Education Budget Request
The FY15 budget request for the Department of Education (ED) totals $68.6 billion (1.9 percent increase) in total discretionary funding. An overhaul of P-12 STEM education programs and a ConnectED initiative providing next-generation broadband and high-speed wireless network support to students and teachers are among the new proposals.
Highlights from the President's FY15 Department of Interior Budget Request
The administration’s FY15 budget request for the Department of the Interior (DOI) would provide $11.7 billion (0.3 percent increase) in discretionary funding. DOI would receive $888.7 million (7.3 percent increase) for research and development activities. Of the proposed R&D budget, $94.8 million (3.5 percent increase) would be allocated to DOI’s Powering Our Future initiative, which supports renewable energy projects on federal lands and waters.
Highlights from the President's FY15 Department of Justice Budget Request
The Department of Justice (DOJ) would receive $27.4 billion in FY15 discretionary funding under the president’s budget request, a 0.4 percent increase.
Highlights from the President's FY15 Department of Labor Budget Request
The president’s FY15 budget would provide $11.8 billion in discretionary funding for the Department of Labor (DOL), a 1.9 percent decrease from FY14 enacted levels. In addition, the administration’s Opportunity, Growth and Security Initiative (OGSI) would provide $2.4 billion not accounted for in the departmental budget to expand the agency’s workforce training and apprenticeship programs. Most DOL programs related to high-tech and manufacturing industries reside within the department’s Employment and Training Administration (ETA), which would receive $3.3 billion (3.4 percent increase).
Highlights from the President's FY15 Department of Transportation Budget Request
The president’s FY15 budget request for the Department of Transportation (DOT) totals $90.8 billion (25.7 percent increase), including the first installment of $73.6 billion for a $302.3 billion four-year surface transportation reauthorization proposal that would improve U.S. surface transportation systems. DOT would be allocated $865 million to support research and development (R&D) efforts across the department. Several administrations under DOT would see limited change in their R&D budgets. Funding for various research and development initiatives include:
Highlights from the President's FY15 Department of Treasury Budget Request
The administration’s FY14 request for the Department of the Treasury’s domestic programs is $13.8 billion (9.2 percent increase). Under the proposed budget, Treasury would continue to fund programs focused on economic development, small business support, and job creation.
Highlights from the President's FY15 Department of Homeland Security Budget Request
The administration’s FY15 budget request for the Department of Homeland Security (DHS) is $38.2 billion (2 percent decrease) in non-disaster, net discretionary funding, excluding disaster relief funding. The proposed budget includes funding for major asset acquisitions, including $300 million for completing the construction of the National Bio- and Agro-Defense Facility. The proposed budget also includes $549 million to support the EINSTEIN intrusion, detection, and prevention cybersecurity system.
Highlights from the President's FY15 Department of Housing and Urban Development Budget Request
The president’s FY15 budget request for the Department of Housing and Urban Development (HUD) is $47.7 billion, a 2.6 percent increase. The administration’s Growth, Opportunity and Security Initiative proposes $280 million for HUD to support comprehensive revitalization in high-poverty neighborhoods and for the Promise Zones Initiative.
Highlights from the President's FY15 Environmental Protection Agency Budget Request
The president’s FY15 budget request of $7.9 billion for the Environmental Protection Agency (EPA) reflects a 3.8 percent decrease from FY14 enacted. However, funding for science and technology programs would increase by 0.6 percent under the budget proposal. Priority funding areas for EPA R&D in FY15 include research in potential endocrine disrupting chemicals, human health risk assessment, air quality, sustainable approaches to environmental protection, and safe drinking water.
Highlights from the President's FY15 Small Business Administration Budget Request
The administration’s FY15 budget request for the Small Business Administration (SBA) is $710 million. Of this amount, $47.5 million is for business loan subsidy and $197.8 million is for non-credit programs. Through the Opportunity, Growth and Security Initiative the administration also proposes public-private investment funding to support the scaling-up of new advanced manufacturing firms into full-scale commercial production.
Highlights from the President's FY15 National Science Foundation Budget Request
The president’s FY15 budget proposal for the National Science Foundation (NSF) would provide $7.3 billion (1.2 percent increase). Of that amount, $5.8 billion (no change) would be designated for research and related activities, $200.8 million (0.4 percent increase) for R&D facilities and equipment, and $889.8 million (5.2 percent increase) for education and training. Nearly 90 percent of NSF funding is awarded through a merit review process that includes distribution of grants and cooperative agreements.
Highlights from the President's FY15 NASA Budget Request
The president’s FY15 budget request for NASA totals $17.5 billion in discretionary funding and prioritizes research and development that has the potential to bolster long-term space exploration. Major priorities of the proposed budget include extending the life of the International Space Station to 2024 and institutionalizing partnerships with the commercial space industry.
Highlights from the President's FY15 Department of Agriculture Budget Request
The president’s FY15 budget request would provide $23.7 billion (12 percent decrease) in discretionary funding for the Department of Agriculture (USDA). The proposed budget would launch three new multidisciplinary agricultural research institutes dedicated to crop science, advanced biobased manufacturing, and anti-microbial resistance research, and double funding for rural broadband access. Through the president’s Opportunity, Growth, and Security Initiative, additional funding would be provided for natural resource conservation programs and the construction of a new national biosafety research laboratory.
Highlights from the President's FY15 Department of Health and Human Services Budget Request
The administration’s FY15 budget request for the Department of Health and Human Services (HHS) is $77.1 billion in discretionary spending, reflecting a 1.6 percent decrease from FY14 enacted funding levels. Discretionary spending accounts for only 7.5 percent of the total proposed HHS budget. Mandatory spending for programs like Medicare, Medicaid and the Children’s Health Insurance Program account for the balance. Total FY14 budget authority for HHS would be $1 trillion (6 percent increase over FY14 enacted).