FY 2015 Budget Request Continues Regional Innovation Strategies
The Obama Administration unveiled additional details recently of its FY 2015 budget request, which includes $25 million for a Regional Innovation Strategies Program that will continue coordinated interagency competitions. In the past, this has included such competitions as the i6 Challenge, the Rural Jobs and Innovation Accelerator Challenge and the Make It In America Challenge.
According to the Economic Development Agency, the competitions have “helped break down silos in the federal government and foster greater collaboration in regions across the country, while creating knowledge spillovers that advance innovation and commercialization of new discoveries.”
The $25 million is part of a larger package ($210 million) to fund EDA priorities including trade and investment promotion, spurring innovation and fueling the data-driven economy. The total budget request for the Department of Commerce is $8.8 billion.
“This budget prioritizes high-tech manufacturing and innovation, U.S. trade and investment, infrastructure, skills training, unleashing government data and gathering and acting on environmental intelligence, while also cutting red tape to help businesses grow,” said Secretary of Commerce Penny Pritzker.