Commerce awards first round of economic development grants to five high-growth industries
11 Jan 2022
OLYMPIA, WA – Recognizing that supporting innovation is essential to driving the transformation of legacy industries and rise of new clusters that will fuel statewide economic growth, the Washington State Department of Commerce recently launched the first cohort of an Innovation Cluster Accelerator. Five organizations will each receive up to $550,000 along with strategic guidance and support to build and run an innovation cluster in a target industry.
innovation Cluster Accelerator logo“From information technology to aerospace, agriculture to clean energy, Washington state innovations have a history of global impact,” said Commerce Director Lisa Brown. “Identifying and supporting the innovation clusters is a long-term strategy to accelerate growth in key industries with the potential to change lives and become economic engines that strengthen communities and create jobs for the future.”