This EDA investment supports the research triangle institute (RTI) and its sub-award, the state science and technology institute (ssti), with establishing the community of practice for build back…

This $12 million cooperative agreement from the Department of Commerce Economic Development Administration supports the Research Triangle Institute and its sub-awardee, the State Science and Technology Institute, in establishing a national Community of Practice for recipients of the Build Back Better Regional Challenge grants. Over a five-year period from July 2022 through December 2026, the awardees will provide an economic development planning framework and technical assistance to Phase 1 and Phase 2 BBBRC grantees through this shared learning environment. The agreement aims to deepen connections, foster learning, and accelerate industry cluster growth among the BBBRC grantees by encouraging the testing of new strategies, sharing insights, and surfacing best practices. The State Science and Technology Institute will directly support this effort as a sub-awardee under the agreement. The funding falls under the Economic Adjustment Assistance program's mission of providing technical and planning support to regions facing adverse economic changes.

This EDA investment supports the research triangle institute (RTI) and its sub-award, the state science and technology institute (ssti), with establishing the community of practice for build back better regional challenge (bbbrc) finalists. The project will support bbbrc phase 1 and phase 2 grantees through this national community of practice. The RTI and ssti aim to deepen connections, foster learning, and ultimately accelerate industry cluster growth by encouraging the testing of new strategies, sharing insights, and surfacing best practices while blending this shared learning environment with technical assistance (TA) for the grantees. This award will take place over a five-year period of performance and will provide an economic development planning framework, process, and strategy that supports the grantees.