SBA announces four new Regional Innovation Cluster awards

Special to The Freeman

Oct. 1, 2014

WASHINGTON – The U.S. Small Business Administration Administrator Maria Contreras–Sweet announced the SBA’s support of four new Regional Innovation Clusters, one of which will be in Milwaukee.

“Clusters are public-private partnerships that are driving innovation and job creation in our most promising regional hubs for innovation,” Contreras-Sweet said. “SBA has built a strategic infrastructure of financing and consulting networks in key regions to help new companies launch and small companies grow, particularly in underserved communities across the country.”

The Water Technology Cluster will be located in Milwaukee and was selected from more than 40 applicants.

They will use SBA funding to establish a Center of Excellence for Freshwater Innovation and Small Business Development.

The Center of Excellence will provide a myriad of small business services including technology transfer, counseling, acceleration and mentorship.

The other clusters include a Marine Industries Science and Technology Cluster in the I-10 Corridor (Louisiana, Mississippi, Alabama and Florida), a Retail Supply Chain and Food Processing Cluster of the Ozarks Region (Northwest Arkansas, Northeast Oklahoma and Southeast Missouri), and an Autonomous and Unmanned Systems Cluster in Southeastern New Mexico.