Under a Notice of Funding Opportunity also released by the Commerce Department’s Economic Development Administration on Monday, the projects, which were selected out of 192 applications to be designated as a hub, will now compete in a second phase for the funds. Only five to 10 of the projects will get $40 million to $70 million to implement their plans.
- EDA will publish a list of all Phase 1 Lead Consortium Members and application titles and will publish the five-page narratives of the Designated Tech Hubs.
- The deadline for Phase 2 applications is 11:59 p.m. Eastern Time on February 29, 2024. Applications received after this deadline will not be reviewed or considered.
| ||||||||
 31 communities tapped as innovation hub finalistsKERY MURAKAMI | The Biden administration expects the innovation hubs to spur scientific and technological innovation in communities across the country, including small and rural areas and those with historically underserved populations. | ||||||||
Those that do not get funding in the first tranche will still be in a “competitive” position to be picked for funding in the future, the department said.
- But with Congress mired in a partisan standoff and struggling to reach an agreement on a spending deal just to keep the government open past Nov. 17, it’s uncertain how much more funding Congress will include in next year’s budget for the hubs.
- The Economic Development Administration acknowledged in a fact sheet that it “cannot forecast if or when [the additional funding] will occur.”
No comments:
Post a Comment