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Regional Innovation Clusters (RIC)
59.067
N/A
The purpose of this program is to connect and expand regional innovation clusters to align federal resources – including SBA’s resource provider network, lending and investing partners, business development programs and America’s Seed Fund, the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs – with existing state and local resources, regional strengths, and economic growth opportunities in the region and beyond to support small businesses in commercializing new technologies and reaching new markets, thereby positioning themselves and their regional economies for growth.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
FY 2016 data not yet available. data not available
data not available
data not available
In FY 2022, the SBA added two additional RICs to bring the total to fourteen. The RICs continued to provide resources to businesses in high potential sectors across the country ranging from agriculture to healthcare supply chain logistics. The RICs provided support through virtual workshops assisting small businesses with economic recovery during the pandemic.
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
