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National League of Cities Announces $100 Million in Partnerships to Support Entrepreneurship, STEM Education and Innovation in Communities Across America

Tuesday, January 08, 2019

The National League of Cities (NLC) is announcing $100 million in local partnerships to expand America’s innovation economy. These investments come at a critical time when there is a growing need for resources to create startups and train the next generation of science and engineering talent in communities across America. Currently, 80 percent of venture capital goes to just five metropolitan areas, and computer science is not offered in 75 percent of American high schools.

Cities must lead on the nation’s most pressing issues in the absence of federal leadership. Over the past year, NLC, with support from Schmidt Futures, has worked with city leaders, universities, the business community and the social sector to design innovative partnerships that harness the power of science, technology and entrepreneurship to build stronger, more equitable local economies.

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"On behalf of the officers and directors of the Economic Development Alliance, I want to thank you and your staff for the great job NCDS did in helping restructure the Alliance, and for successful management of the fundraising campaign that fully funded our five-year action plan. The NCDS process and format delivered exactly what you said it would do when you met with Alliance members over eighteen months ago. The NCDS process engaged top regional private and public sector leaders and attracted financial support from large and small companies and communities throughout the region."

Brian Ferguson, Chairman & CEO (Retired) • Eastman Chemical Company

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