A task force has recommended to President Barack Obama that companies focusing on aviation, solar power and life sciences compete for $35 million in federal grants in an effort to help replace lost space shuttle jobs. An additional $5 million would be distributed to commercial rocket companies vying to launch from Kennedy Space Center, under the recommendations to be released today after being formally submitted to Obama last week.
The $35 million will be distributed by the Commerce Department through competitive grants. The department would like to encourage businesses in the fields of aviation and aerospace, clean energy, homeland security, information technology, and life sciences.
The department's Economic Development Administration expects to have ground rules for the grants prepared by Sept. 1, with awards possible in the fall.