Tuesday, February 08, 2005
Here's a summary of the president's budget released yesterday:
The Commerce Department budget would increase 49 percent under Bush's budget, to $9.4 billion in budget authority. But that is because Commerce would gain control over a wide range of economic development programs that were previously run by other departments -- and which would undergo cuts in funding of about one-third.
These programs, the biggest of which is HUD's Community Development Block Grants, got about $5.7 billion in funding for 2005. Under Bush's fiscal 2006 budget, they would be folded into the new "Strengthening America's Communities Grant Program" and funded at $3.7 billion.
Bush is again proposing a deep reduction in the Manufacturing Extension Partnership program, which provides training and advice to manufacturers and their employees. The program would be funded at $47 million, 60 percent below the 2005 level.
As in previous budgets, the president is also proposing to eliminate the Advanced Technology Program, a Clinton administration favorite that helps fund promising technology ventures.
You can download budget documents from this page
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Bush budget proposal cuts economic development
