EDA Helps Launch Jobs and Innovation Accelerator Challenge to Promote Regional Growth, Competitiveness

-
The Commerce Department’s Economic Development Administration (EDA), along with 15 other federal agencies within the Obama Administration, today announced a $33 million Jobs and Innovation Accelerator Challenge to drive innovation-fueled job creation and global competitiveness through public-private partnerships in at least 20 regions around the country. 

The Challenge will award funds to regions with high-growth industries that support a wide range of economic and workforce development activities.

The Department of Labor’s Employment and Training Administration will invest up to $20 million for technical skills training; EDA will invest up to $10 million in Economic Adjustment Assistance funds; and the Small Business Administration will invest up to $3 million in technical assistance. 

The Obama administration is committed to smarter use of existing federal resources to foster regional innovation in support of sustainable economic prosperity. Strong industry clusters – like the Research Triangle in North Carolina or Silicon Valley in California – promote robust economic ecosystems and the development of a skilled workforce, both of which are critical to long-term regional success.
“Regional innovation clusters bring together the knowledge and financial resources that America needs to compete in the global economy,” said NationalEconomic Council Director Gene Sperling. “The Jobs and Innovation Accelerator Challenge will help regional innovation clusters produce the nextgeneration of innovative products and drive sustainable economic growth and job creation.”
The deadline to apply to the Jobs and Innovation Accelerator Challenge is July 7, 2011. Details about the application process are available here.

Comments

Post a Comment

Popular posts from this blog

CARY BUNIN HAS BEEN INDICTED IN $3.5 MILLION SECURITIES FRAUD SCHEME

-
Manhattan District Attorney Cyrus R. Vance, Jr., today announced the indictment of CARY BUNIN, 69, for a securities fraud scheme that resulted in the theft of more than $3.5 million from at least 16 victims. BUNIN is the Chief Executive Officer of INTERNATIONAL BARCODE CORPORATION, which also operates under the name of BTI. BUNIN and his corporation are charged in the indictment with Grand Larceny in the Second Degree, Scheme to Defraud in the First Degree, and violations of the Martin Act, New York State's securities fraud statute. BUNIN, along with his wholly-owned financial consulting company, ANDOVER CONSULTING SERVICES, LTD, were also indicted on charges of Offering a False Instrument for Filing in the First Degree and violating the New York State Tax code.[1]

“CARY BUNIN and his corporation are charged with stealing millions of dollars from trusting investors, fueling the type of widespread mistrust that adversely affects our financial markets,” said District Attorney Vance.…
Read more

Disability Doctor Peter J. Ajemian Sentenced In Manhattan Federal Court To Eight Years In Prison For His Role In LIRR Fraud Scheme

-
Preet Bharara, the United States Attorney for the Southern District of New York, announced today that PETER J. AJEMIAN, a Board-certified orthopedist, was sentenced today in Manhattan federal court to eight years in prison for his role in the alleged massive fraud scheme in which Long Island Railroad (“LIRR”) workers claimed to be disabled upon early retirement so that they could receive disability benefits to which they were not entitled. Between the late 1990s and 2008, AJEMIAN recommended that at least 734 retiring LIRR employees receive disability benefits, and was responsible for treating nearly half of all LIRR employees who retired and received disability benefits in one four-year period. AJEMIAN pled guilty in January 2013 to one count of conspiracy to commit mail fraud, wire fraud, and health care fraud, and one count of health care fraud before U.S. District Judge Victor Marrero, who also imposed today’s sentence.
Read more

Christopher B. Maselli Was Indicted in Schemes Netting $1.5 Million in Mortgages

-
PROVIDENCE, RI—A federal grand jury Thursday indicted a North Providence, Rhode Island real estate attorney on charges he falsified bank and federal tax documents, and lied about his income and assets, in obtaining more than $1.5 million in mortgages. U.S. Attorney Peter F. Neronha announced the seven-count indictment on bank fraud charges against Christopher B. Maselli.

Maselli, 38, whose law practice is located in North Providence, resides in Johnston, R.I.

According to the indictment, between December 2007 and March 2009, Maselli, a self-employed attorney, inflated his annual income dating back to 2005; lied about personal assets; and submitted phony and altered bank statements and IRS tax returns when applying for mortgages, a home improvement loan, and an auto loan. Maselli was approved for five mortgages on residential properties in Johnston and North Providence, and an auto loan, totaling approximately $1,525,027.50.
Read more