House Appropriations Committee’s initial decision about FY25 cuts is a mixed bag for tech-based programs
Jason Rittenberg of SSTI has analyzed implications of cutting non-defense spending by six percent in its initial FY 2025 spending bills.
Jason Rittenberg of SSTI has analyzed the ramifications of the decision by the Committee on Appropriations of the U.S. House of Representatives relative to its decision to cut non-defense spending by six percent in its initial FY 2025 spending bills.
In an analysis in the latest SSTI Weekly Digest, he writes that the action “is yielding predictably mixed results for programs relevant to tech-based economic development (TBED). Amidst the overall cuts, flat funding for the Economic Development Administration’s ‘Build to Scale’ ($50 million) and ‘Tech Hubs’ ($41 million) might be viewed as positive news. Programs bearing the brunt of budget cuts include the rest of EDA (30 percent reduction), the Minority Business Development Agency (20 percent reduction), the APEX Accelerators (60 percent reduction), and the Small Business Administration’s accelerators competition ($0). Meanwhile, the committee is proposing to maintain level funding for the National Institutes of Health but condensing from 27 centers into 15. In a rare bright spot within the non-defense funding bills, the House is proposing slight increases for the science-intensive National Science Foundation ($9.3 billion) and NASA ($25.2 billion).”
The House proposal would provide level funding for the National Institute of Standards and Technology’s Manufacturing Extension Partnership ($175 million) and Manufacturing USA institutes ($37 million). The Small Business Administration’s Clusters and FAST would see cuts of $1 million and $3 million, respectively, from FY 2024.
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