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U.S. Department of Commerce invests $2.5 million in innovation

Staff Writer | November 10, 2016
U.S. Secretary of Commerce Penny Pritzker announced the winners of the U.S. Economic Development Administration’s (EDA) 2016 University Center Economic Development Program Competition.
Penny Pritzker
America   A total of $2,518,373 in grants
DA is providing a total of $2,518,373 in grants to 24 colleges and universities in 16 states and Puerto Rico to run five-year programs that will leverage university assets to promote American innovation and strengthen regional economies.

“EDA’s University Center program marshals the resources located within colleges and universities to support economic development strategies in regions in chronic and acute economic distress,” said Secretary Pritzker.

“The investments announced today will allow these higher education institutions to build the public-private partnerships that are so vital to helping America stay innovative and competitive in the 21st century.”

Announced in March, this year’s competition was open to higher education institutions and consortia of accredited institutions of higher education in states supported by EDA’s Chicago and Philadelphia regional offices.

It funds initiatives that are focused on advancing regional commercialization efforts, entrepreneurship, innovation, business expansion in a region’s innovation cluster, and a high-skilled regional workforce.

The list of all winners.