Local Resources Glossary

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GLOSSARY OF TERMS
TYPE DESCRIPTION
FAST Awardee

Federal and State Technology Partnership (FAST) Program is a competitive grants program designed to strengthen the technological competitiveness of small businesses. It improves the participation of small technology firms in the innovation and commercialization of new technology, thereby helping keep the United States on the cutting edge of research and development in science and technology.

Manufacturing Extension Partnership (MEP)

MEP’s strength is in its partnerships. Through its collaborations at the federal, state and local level, MEP puts manufacturers in position to develop new products and customers, expand into global markets, adopt new technology, reshore production, and more.  And because of its direct contact with manufacturers, MEP serves as a valuable bridge to other organizations that share a passion for enhancing the manufacturing community. 

SBA Cluster

Clusters are public-private partnerships that are driving innovation and job creation in our most promising regional hubs for innovation. We’ve built a strategic infrastructure of financing and consulting networks in key cities to help new companies launch and small companies grow. 

SBA Growth Accelerator

Growth Accelerators include accelerators, incubators, co-working startup communities, shared tinker-spaces or other models to accomplish similar goals. support the development of startups in parts of the country where there are fewer conventional sources of access to capital (eg: venture capital and other investors)

Small Business Development Center (SBDC)

SBDCs help entrepreneurs realize the dream of business ownership and help existing businesses remain competitive in a complex, ever-changing global marketplace. SBDCs are hosted by leading universities and state economic development agencies, and funded in part through a partnership with SBA.

State Contact

These are designated organizations that have direct affiliations with local and state government programs that can assist with high growth entrepreneurial development.

 

Agency Micro-sites

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