2.C.3: Regional Clusters

Create competitive communities by promoting regional innovation clusters.

Other Information:

In various regions of the U.S., entrepreneurs are collaborating with local researchers, educators and industry leaders to foster specialized knowledge, technical expertise, and cutting-edge products. This will help American businesses retain and achieve new levels of competitiveness. The President’s Budget provides $50 million in regional planning and matching grants within the Economic Development Administration (EDA) to support the creation of regional innovation clusters that leverage regions’ existing competitive strengths to boost job creation and economic growth. The Budget also launches a $50 million initiative in EDA that will create a national network of business incubators to encourage entrepreneurial activity in economically distressed areas.

Stakeholder(s):

• Economic Development Administration (EDA)


• Researchers


• Educators


• Industry Leaders

Indicator(s):

Indicator:1

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