1. 1 The Quest for Sustainable Regional Prosperity United States Department of Commerce Julie Lenzer Kirk Director, Office of Innovation and Entrepreneurship

2. Increase U.S. global economic competitiveness Help communities become: Resilient Agile Economically stable Improved quality of life START WITH THE END IN MIND Why do we do what we do?

3. Regional approach  address unique needs Invest in the ecosystem builders Focus on capacity building Preference for public / private partnerships Looking for catalytic investments HOW DO WE DO IT?. Creating the conditions for economic growth.

4. Regional and national grant programs Public works authorization focused on distressed communities America COMPETES funding removes distressed requirement Leverage data into information Identify and share best practices Programs across the continuum  dependent on community stage WHAT DO WE DO?. Investments, Tools, and Connections

5. HIERARCHY OF NEEDS Basic Infrastructure Transportation Utilities Transportation Utilities

6. HIERARCHY OF NEEDS Technology Infrastructure Basic Infrastructure Broadband Cellular Wireless Broadband Cellular Wireless Transportation Utilities Transportation Utilities

7. HIERARCHY OF NEEDS Business Support Technology Infrastructure Basic Infrastructure Incubators Accelerators Policies Capital Incubators Accelerators Policies Capital Broadband Cellular Wireless Broadband Cellular Wireless Transportation Utilities Transportation Utilities

8. HIERARCHY OF NEEDS Engines of Innovation Business Support Technology Infrastructure Basic Infrastructure Universities / R&D Commercialization Capital Policies Universities / R&D Commercialization Capital Policies Incubators Accelerators Policies Capital Incubators Accelerators Policies Capital Broadband Cellular Wireless Broadband Cellular Wireless Transportation Utilities Transportation Utilities

9. HIERARCHY OF NEEDS Connected Ecosystem Engines of Innovation Business Support Technology Infrastructure Basic Infrastructure Universities / R&D Commercialization Capital Policies Universities / R&D Commercialization Capital Policies Incubators Accelerators Policies Capital Incubators Accelerators Policies Capital Broadband Cellular Wireless Broadband Cellular Wireless Transportation Utilities Transportation Utilities

10. HIERARCHY OF NEEDS Connected Ecosystem Engines of Innovation Business Support Technology Infrastructure Basic Infrastructure CULTURE Universities / R&D Commercialization Capital Policies Universities / R&D Commercialization Capital Policies Incubators Accelerators Policies Capital Incubators Accelerators Policies Capital Broadband Cellular Wireless Broadband Cellular Wireless Transportation Utilities Transportation Utilities

11. Focus: high-growth entrepreneurship and accelerating commercialization Cross-agency collaborator Policy and programs Regional Innovation Strategies – (i6) NACIE SMALL OFFICE, BIG IMPACT Office of Innovation and Entrepreneurship (OIE)

12. Total $15M COMPETES funding = no distress required 2014 grant closed Nov 3 i6: Proof of Concept and Commercialization Centers Feasibility and planning for Science and Research Parks Cluster-Base Seed Funds Award announcement late Jan 2015 REGIONAL INNOVATION STRATEGIES

13. National Advisory Council on Innovation and Entrepreneurship Established in 2010 under America COMPETES NACIE 2.0: 27 member Council from academics, industry, non-profits, and entrepreneurial ecosystem Advises Secretary on issues around entrepreneurship, innovation, and workforce as it relates to industry-led job skills Past accomplishments: seed JOBS Act, University Entrepreneurship Report www.eda.gov\oie\nacie NACIE

14. National convening of eco-system builders Expand conversation about economic development to include innovation and entrepreneurship Data collection and metrics Additional focus on rural initiatives Sustainability of the office GOALS FOR 2015

15. Realized potential. Economic resilience. Improved quality of life. THE BOTTOM LINE

16. Julie Lenzer Kirk jkirk@eda.gov Director, Office of Innovation and Entrepreneurship U.S. Department of Commerce Economic Development Administration THANK YOU!