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Blog Category: Clusters

Obama Administration Holds Rural Swing in North Carolina and Louisiana to Promote Jobs and Innovation

EDA Jobs and Innovation Accelerator Challenge Logo

Guest blog post by Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development

Over the next two days, I will join several colleagues for a rural swing in North Carolina and Louisiana to promote jobs and innovation. Along with Deputy Under Secretary for USDA Rural Development Doug O’Brien, Appalachian Regional Commission Federal Co-Chair Earl F. Gohl, and Delta Regional Authority Federal Co-Chairman Christopher Masingill, I will attend events in rural America and tour two projects that were among the 13 winners of this year’s Rural Jobs and Innovation Accelerator Challenge.

The Rural Jobs Accelerator—designed by the Taskforce for the Advancement of Regional Innovation Clusters and the White House Rural Council—is a joint effort of 13 federal agencies, working together to help accelerate economic and job growth across rural regions. It is a great example of collaboration across federal agencies to pool resources and identify new, innovative ways to create an economy built to last.

Since taking office three and one-half years ago, President Obama has been deeply committed to strengthening rural economies all across America—helping to create jobs, support business growth, and expand opportunity for rural Americans. The administration has advanced new policies and initiatives and made significant investments in rural communities. The Rural Jobs Accelerator builds on those goals, seeking to foster job creation and business innovation in these communities.

Federal Investments Catalyzing the Growth of the Critical, Job-Creating St. Louis Biosciences Cluster

Guest blog by Matthew S. Erskine, U.S. Deputy Assistant Secretary of Commerce for Economic Development

Today, I was pleased to join St. Louis Mayor Francis Slay and colleagues from the U.S. Small Business Administration (SBA) and the Department of Labor’s Employment and Training Administration (DOL/ETA) at an event to spotlight federal investments that are catalyzing the growth of the critical, job-creating St. Louis biosciences cluster.

The day was focused on the partnership between the St. Louis County Economic Council, the St. Louis Agency on Training and Employment, and the St. Louis Minority Supplier Development Council to establish the St. Louis Biosciences Jobs and Innovation Accelerator project.

With more than $1.8 million in federal investment, including $702,765 from EDA, $973,015 from SBA, and $150,000 from the DOL/ETA, this project will work to accelerate the growth of the region’s biosciences cluster and spur the formation of new companies and associated job creation.

EDA’s funding for the project will bring early-stage technologies into the commercialization pipeline by addressing identified gaps and challenges, including access to a skilled workforce of experienced entrepreneurs that are needed to enable companies to grow.