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Accelerating Regional Innovation

11.02.2011

Center for American Progress is highlighting the Jobs and Innovation Accelerator Challenge:

“The Jobs Accelerator program is set to punch well above its weight. There are three important reasons why this small program is particularly worthy of further attention:

• Focus—promoting growth where it really happens, in communities and working with the private sector
• Collaboration—bringing together a diverse array of regional actors with a shared stake in the economic fate of their regions alongside 16 government agencies—three for funding and 13 for technical assistance—whose pooled resources the program leverages to ensure these winners succeed
• Return on investment—delivering a compelling and measurable return on federal dollars, which is all the more critical in our current budget environment

There are vital lessons here for policymakers at the federal, state, and local levels as well as for business leaders and nonprofit groups across the many economic regions of our nation. The reason: This approach offers a uniquely American way to develop bottom-up economic growth strategies that are in sync with the business and economic realities in local communities nationwide.”

Check out the rest of Accelerating Regional Job Creation and Innovation.