The Jobs and Innovation Accelerator Challenge is an unprecedented initiative leveraging the existing resources from 16 Federal agencies and bureaus to spur economic growth through public-private partnerships in at least 20 regions around the nation. Winning regions will be able to use funds to support a wide range of economic and workforce development activities. During this Webinar, representatives from the Economic Development Administration, the Employment and Training Administration and the Small Business Administration will provide an overview of the Federal funding opportunity and will answer questions from the audience.
Registration for this Webinar is limited and seating is on a first-come, first-served basis. Please register today!
The Jobs and Innovation Accelerator Challenge invites regions across the nation to compete for complementary Federal resources that will be targeted to address the gaps and opportunities specific to their self-identified, high-potential industry clusters. The Jobs Accelerator leverages existing financial and technical resources from 16 Federal agencies and bureaus to support the development of at least 20 high-growth industry clusters selected through a competitive inter-agency grant process. Funds awarded to the winning applicants can be used to achieve measurable outcomes such as commercialization of research, business formation, expansion of existing businesses, job creation, job training and exports. Total proposed funding for the Jobs Accelerator is approximately $33 million in direct Federal support from funding agencies, subject to the availability of appropriations. The funding agencies are the Department of Commerce’s Economic Development Administration, the Department of Labor’s Employment and Training Administration, and, subject to the availability of appropriations, the Small Business Administration. This collaboration is designed to allow applicants to submit one application to access three complementary Federal sources to comprehensively support cluster development. Applicants must apply for all three funding sources available under this Federal funding opportunity. Awards are expected to range from approximately $1.5 million to $2.2 million per cluster through the three funding agencies, and matching funds are required for a portion of the funding. More details on this Challenge can be found at http://www.eda.gov/InvestmentsGrants/jobsandinnovationchallenge.