Friday, January 28, 2022

Director's Update - January 2022

Monthly message from Commerce Director Lisa Brown

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Director's Update

MESSAGE FROM LISA BROWN  -  JANUARY 2022

Innovation accelerator opens exciting possibilities for our economic future

Innovation Accelerator program logo

Washington state is dedicated to building an economic future that is as inclusive, diverse and resilient as the people who live here.

We are looking beyond our borders for economic models that will strengthen our legacy industries, help communities create new sectors, fuel innovation and entrepreneurship, and ensure meaningful job opportunities for generations to come.

One of the most promising models is the innovation cluster accelerator. This industry-led strategy has evolved over the last 20 years, spurring more than 7,000 innovation clusters in places such as Norway, Denmark, Costa Rica and Canada.

This model is a shift from most traditional economic development efforts. It brings key players together – business, entrepreneurs, academia, investors and government – to solve industry challenges that may be limiting growth and innovation.

Over time, these member-based organizations become self-sustaining, supported by a combination of public and private funding. They evolve into magnets that attract capital, talent, companies and market opportunities for the entire industry. They also help leaders align efforts in workforce development and STEM education.

We piloted this approach in 2017 with an initiative called Washington Maritime Blue.

In its first four years, Maritime Blue is already driving investments in de-carbonization and other maritime initiatives, jumpstarting new companies and developing a maritime workforce that is more diverse and inclusive.

To date, 21 startups have participated in their accelerator, raising more than $80 million in funding and creating more than 300 good paying jobs. Their Youth Maritime Collaborative focuses on introducing youth from communities of color to maritime career paths.

We've seen innovation clusters succeed abroad, and now we're seeing them succeed here at home. We're ready to embrace this strategy and ensure the benefits of our economic growth are experienced in all regions and by people who have historically been left out.

Our newly-launched Innovation Cluster Accelerator is among the first in the nation. These clusters don't just create new businesses, they can spur solutions to social problems and climate challenges.

Our first accelerator cohort includes five innovation clusters around the state. We will add four more in 2022.

  • Enterprise Digital Growth Ecosystem (EDGE) Cluster, led by the 5G Open Innovation Lab – using edge computing and 5G to digitally transform agriculture, energy and utilities, healthcare, manufacturing and transportation and logistics.
  • Advanced Technology Cluster, led by the Washington Technology Industry Association – using quantum computing and distributed ledger technologies (blockchain) to grow advanced technologies and maintain Washington's technology leadership.
  • Consortium for Hydrogen and Renewable Generated E-Fuels (CHARGE), led by WSU's Joint Center for Deployment and Research in Earth and Abundant Materials (JCDREAM) – exploring the use of hydrogen to decarbonize heavy-duty transport, aviation and shipping and reduce reliance on non-renewable fuel sources.
  • Decarbonizing the Built Environment Cluster, led by The Clean Tech Alliance – advancing the development and adoption of clean technologies to decarbonize elements of the built environment including human-made structures, features such as energy and transportation, and facilities where people live and work.
  • Washington VERTical, led by the Port of Benton – accelerating the transition to clean, renewable and non-emitting energy production sources by 2025 through advanced nuclear power technologies.

Similar to Maritime Blue, the Department of Commerce is supporting the development and growth of these clusters through seed funding, strategic guidance, leadership development, connections with state and global cluster leaders and partners, and international marketing support.

The Innovation Cluster Accelerator leverages mutually beneficial partnerships with Finland and Norway, focusing on maritime, clean tech and 5G. It builds on our state's history of partnerships with France, the United Kingdom, Asia, India, Japan and Spain on industries such as aerospace, information and communication technology, and clean tech.

Innovation cluster accelerators have the potential to bring transformative economic opportunities to communities across Washington, and we're committed to doing it in a way that promotes equity and inclusion. We want to help smaller businesses access capital, find new markets and customers, and develop a skilled workforce.

Washington's legendary businesses have redefined how we travel, dine, shop, relax and communicate. The Innovation Cluster Accelerator builds on this legacy. Our economic future is well-served by this long-term strategy to harness the power of collaboration and reinforce Washington's leadership in the global economy.

This commentary, co-authored with Christian Rangen, a Norwegian expert on global innovation clusters, appeared in the Tri-Cities Journal of Business. The Port of Benton County leads Washington VERTical, one of the first innovation clusters in the new program. Read about all five clusters

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Broadband updates

Erika henry headshot

Meet Erika Henry, Deputy Director of the Washington State Broadband Office

Erika Henry recently joined the Washington State Broadband Office (WSBO) as Deputy Director, where she will work with the WSBO team, our partners in broadband infrastructure funding - the Public Works Board and the Community Economic Revitalization Board (CERB) - and our many local and regional partners to advance Washington's goal to achieve access to high-speed broadband internet service for all residents by 2028. Additionally, she will be instrumental in the office's work on digital equity and literacy. "Broadband is all about strengthening communities, from helping school kids stay engaged with their learning, to creating a pathway for adults to work from home, to making telehealth accessible to all, to helping to honor and preserve culture for the future — broadband is the pipeline that lets it all happen and keeps us connected," Erika said. 

Photo of broadband fiber construction project

Latest broadband infrastructure funding will connect residents of 14 communities currently lacking reliable high-speed internet service

$145 million in Infrastructure acceleration grants  help provide broadband connections to unserved and underserved communities and Tribal nations.

The Washington State Broadband Office recently announced funding for 13 construction projects that will deliver reliable, high-speed internet access in 14 communities when completed. The $145 million in Broadband Infrastructure Acceleration grants move Washington another step closer to its ambitious goal of connecting all residents of the state to broadband infrastructure by 2028.

"Infrastructure is the foundation for digital equity. From education and healthcare to e-commerce and community services, the daily essentials needed for people and our economy to thrive are increasingly found online," said Washington Commerce Director Lisa Brown "Washington state's goal is to ensure all of our residents have access to affordable high-speed internet, as well as the devices, skills and confidence needed to connect with critical resources."

READ MORE

 

ICYMI: Watch Q13Fox's story about Washington families struggling with the "Digital Divide"

State investments enable burst of new solar projects in community buildings

Commerce grants $3.5 million to help public buildings cut energy costs, reduce pollution and showcase solar in communities across the state.

Commerce awarded $3.5 million in grants to state and local government agencies to install solar panels at public buildings in communities throughout the state. The 29 projects will provide over 2.2 megawatts of solar and will produce more than 3 million kWh annually—enough to power about 280 homes.

Photo of Highline High School Environmental club

Students from Highline High School's Environmental Club were instrumental in fundraising and grant writing that helped Highline Public Schools win a $110,100 grant to install solar panels on the new school building in Burien. Pictured are 2021 HHS graduates and current students along with their advisors and partners in the grant: Rod Sheffer, former executive director, Capital Planning & Construction (a 1969 HHS graduate); mentors Jodi Escareño and Elly-Hien Trinh of Sustainable Burien; students Samantha Quiroz, Jordan Powers (current club president), Gladis Gallardo, Brenda Gallardo, Selena Nguyen, Nha Khuc (former club president), Ruth Assefa, Kim Nguyen and Ricardo Gonzalez Ceja. 

"Supporting solar projects in public buildings is one of the many ways Washington state is leading by example as we work toward meeting our goal of 100% clean electricity by 2050," said Commerce Director Lisa Brown. "These grants prioritized projects in rural and Tribal communities, to ensure all state residents benefit from a cleaner more efficient electric grid."

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Partnerships for equity

Aiming to make "entrepreneurship for all" a reality, starting with support for 10 tech startups

Applications close Monday, Jan. 31

Equitable Innovations Accelerator logo

The Equitable Innovations Accelerator, led by Find Ventures with support from Commerce, is a first-of-its-kind program fueling the start-up community at the earliest stage of business development. It aims to make "entrepreneurship for all" a reality by prioritizing entrepreneurs from historically marginalized communities. The accelerator will provide 10 tech start-ups with up to $100K in non-dilutive philanthropic grants, programming, and access to mentors and coaches.  

WATCH VIDEO

 

Umpqua Bank contributes $15.5 million to Washington's Small Business Flex Fund

Small Business Flex Fund logo

Additional private-sector commitment brings the fund's total to $85.5 million for the first-of-its-kind state small business lending program

The Small Business Flex Fund recently received $15.5 million in committed capital from Umpqua Bank. The Flex Fund has now raised a total of $85.5 million that will benefit small businesses and nonprofits, particularly those in underrepresented communities, across the state of Washington.

So far, the Flex Fund has provided over $27.5 million in low-interest loans to 330 small businesses and nonprofits.

Our Small Business Flex Fund is an innovative tool for providing much-needed growth capital to smaller businesses and nonprofits looking at mid and long-term recovery from the pandemic. We appreciate Umpqua's generous support. Their contribution will help ensure this opportunity is available to businesses throughout the state, particularly in communities that have historically struggled to access traditional sources of financial assistance.

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On the Road: Viva Las Vegas

Innovative Washington tech companies stand out at Consumer Electronics Show 2022

CES delegation members photo

Commerce's Office of Economic Development and Competitiveness hosted a Choose Washington booth for the first time at this year's Consumer Electronics Show (CES) in Las Vegas. The six innovative technology companies showcased some of the best of the sector and grabbed plenty of attention.

Parrots Inc company person at CES 2022 photo

Pictured above (l-r) are David Hojah, Parrots, Inc.; James Wagoner, Joule Case; Christopher Stanvick, Minnow Technologies; Dave DeMuro, Joule Case; Carl Silverberg, iUNU; Julie Monahan, Commerce international trade specialist; Vikram Chalana, Pictory.ai and Alex Livingston, Joule Case. (Right - Parrots Inc. David Hojah)

Read the Seattle Times story about our delegation.

Parrots, Inc., Association of Washington Business' Entrepreneur of the Year, was part of the delegation. (Right: Parrots' David Hojah)

Based in Spokane, the company has been featured in the Spokesman-Review newspaper and GeekWire.

This email was sent to ooseims.archieves@blogger.com using GovDelivery Communications Cloud on behalf of: Washington State Department of Commerce · 1011 Plum Street SE, P.O. Box 42525 · Olympia, WA 98504-2525
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