Barack Obama and Joe Biden's Campaign Promise

Urban Policy

Stimulate Economic Prosperity in our Metropolitan Regions

Support Regional Innovation Clusters:

Average 2.0 (2 votes)

    Thriving innovation clusters across the country like the North Carolina Research Triangle Park and Nashville's thriving entertainment cluster prove that local stakeholders can successfully come together and help reshape their local economies. Barack Obama and Joe Biden will create a federal program to support 'innovation clusters' - regional centers of innovation and next-generation industries. This innovation clusters program will provide $200 million in planning and matching grants for regional business, government and university leaders to collaborate on leveraging a region’s existing assets - from transportation infrastructure to universities - to enhance long-term regional growth.