January 2023 – Vol. 12; Issue 1

Braving the Winter: What You Can Do to Prepare for a Sale

Walking into the Tundra

Is it time to put the ski lodge on the market, place the cold gear in permanent storage, and move somewhere where January means golf and swimming pools? As we step forward into the unknown tundra of 2023, sellers wonder – did they miss the window? High interest rates, historic inflation, and general economic uncertainty are not often coupled with the seller-friendly environment we experienced in recent years. However, just as weathermen often fail to predict the next snow, we wouldn’t recommend trying to “time the market” as an exit strategy. Timing the market can result in missed opportunities (market can always get worse), and a failure to focus on what really drives enterprise value – growth. Remember, great companies get bought in any market, so keep tending your fire until you feel ready.

Bundle Up Before Heading Out

Before driving out into the M&A process snowstorm, make sure you conduct critical internal and external diligence checks. You’ll want to develop strategies to inform your customers about a potential acquisition and reference checks to avoid a slippery surprise. Consider engaging advisory firms (investment banks, auditors, consultants, QoE providers) early to make sure you don’t slip on the icy roads of your M&A journey. Sellers, be prepared for buyers to fully peel back your firm’s corporate layers, checking for any red flags before leaving town. Ensure any compensation, succession plans, and/or legal issues are not forgotten in hibernation, as buyers will be on the prowl. Just as you wouldn’t drive into a snowstorm without provisions, be sure to stock a data room with all contract files and corporate information. Finally, be ready to back up your sales pitch with data to avoid buyers getting cold feet on the deal.

Government services M&A volume and multiples infographic

Time to Check the Thermostat: When Should You Sell?

Are you about to graduate from small business and feel you don’t have the right leadership to succeed in a F&O environment? Do you feel you won’t be able to succeed in your current market at your current size? Do you think your enterprise value can only increase through significant or risky investments? If yes to any of the above, then it might be time to throw on that Canada Goose jacket and clear the snowy driveway for a sale. Make sure to consistently shovel your driveway as the snow piles up. This will prevent savvy buyers plowing you in for your lack of preparation. Year-round, you should focus on hiring employees, creating enduring offerings, developing a strong 8(a)/SB graduation strategy, and growing your business. These investments will pay off come springtime, boosting your firm’s valuation.

Hire Experts to Guide You Down M&A Slopes

You may not want to hit the slopes without an instructor. You’ve made the decision to go to market but aren’t sure how to identify and select the right buyer. Let an investment bank be your guide as they have a deep understanding of the buyer universe. Hire an investment bank to help maximize purchase price, or if you aren’t certain which potential buyers “have” to own you. Bringing in third party experts will also enable you to focus more on your core business and go tackle those black diamonds. Advisors, like ski instructors, are expensive, so weigh the pros and cons before deciding. In addition to making sure there is a personality fit, make sure they can tailor their approach to your desired outcome. Whatever ski trail you chose, finding the right buyer takes time and effort, but understanding your corporate objectives is key to making it down the mountain and avoiding any potential “yardsale.”

Defrosting Federal M&A Myths

Will Halloran
203-585-4577
will.halloran@wolfdenassociates.com

Billy Marrin
703-244-9231
billy.marrin@wolfdenassociates.com

Kelly Moore
757-510-1111
kelly.moore@wolfdenassociates.com

Congress and White House Prepare for Debt Limit Fight

Treasury Department Warns of Default by Mid-June

On Thursday this week, the United States officially hit the debt limit. Treasury Secretary Janet Yellen has announced the Department will take so-called “extraordinary measures” to continue to meet financial obligations. These measures are expected to keep the U.S. Government solvent until June but, in a letter to Congress, Yellen urged action to raise the debt limit above the current limit of $31.4 trillion to avoid defaulting on the debt and to do so sooner rather than later to avoid unnecessary harm to the U.S. and global financial markets and the U.S. economy. The United States has never defaulted on its debt, and experts agree that the consequences of doing so would be catastrophic.

House Republican leadership is opposed to raising the debt limit ceiling without significant cuts to both discretionary spending and entitlement programs, while Republican Senate Majority Leader Mitch McConnell has declared there will be no default on the debt. The White House has already called House Republican demands a non-starter. The necessity of raising the debt limit will have significant consequences this new Congress and will increase in volatility the closer we get to the projected date.

Here’s what else you may have missed this week:

The Republican-led House Oversight and Accountability Committee launched their first probe. Chair James Comer (R-KY) kicked off the first of any anticipated investigations into President Joe Biden after recent revelations that, similar to former President Trump, he too was in possession of classified documents after leaving office. The documents in question have been found at his Delaware home and at the Penn Biden Center in an unsecured closet located at the University of Pennsylvania. Biden’s own U.S. Justice Department Attorney General Garland acted to appoint a special prosecutor, which could stymie requests for documents.

Chair Comer will press on regardless, requesting University of Pennsylvania President to provide documents as well as to identify who may have had access to the documents. The Center has been asked about how the think tank solicited donations and whether they received contributions from Chinese nationals. This also reflects the House intention to explore Chinese Communist Party influence on government and businesses, including through the newly established House Select Committee on the Strategic Competition Between the U.S. and the Chinese Communist Party. Your WSW team will be tracking this new Select Committee as well as the newly established Judiciary Subcommittee on the Weaponization of the Federal Government as it relates to government action and business.

State of the Union scheduled for February 7th. Last week House Speaker Kevin McCarthy formally invited President Biden to give his second such address to Congress. The tone of this speech before a divided Congress will likely be muted in comparison to his previous remarks, emphasizing bipartisan cooperation and implementation of previous Biden policy funding priorities. President Biden will also likely counter or seek to pre-empt Republican criticisms of the economy’s fiscal policy, border security and more.

Local Government G-News January 19, 2023

January 19, 2023
Federal Funding Opportunities

U.S. Department of Homeland Security Federal Emergency Management Agency Fiscal Year 2023 Targeted Violence and Terrorism Prevention applications due April 25, 2023

Department of Homeland Security’s Center for Prevention Programs and Partnerships (CP3) helps to prevent targeted violence and terrorism through funding, training, increased public awareness, and the development of partnerships across every level of the government, the private sector and in local communities across our country. The program provides financial assistance to eligible applicants to develop sustainable, multidisciplinary targeted violence and terrorism prevention capabilities in local communities, to pilot innovative prevention approaches, and to identify prevention best practices that can be replicated in communities across the country. Project types are raising societal awareness, understanding violent content, civic engagement, youth resilience programs, threat assessment and management teams, bystander training, referral services, as well as recidivism reduction and reintegration.

U.S. Department of Housing and Urban Development Lead Hazard Reduction Grant Program Update and Reissue applications due March 14, 2023

The purpose of the Lead-Based Paint Hazard Reduction (LHR) grant program is to maximize the number of children under the age of six protected from lead poisoning by assisting states, cities, counties/parishes, Native American Tribes or other units of local government in undertaking comprehensive programs to identify and control lead-based paint hazards in eligible privately-owned rental or owner-occupied housing populations. In addition, there is Healthy Homes Supplemental funding available that is intended to enhance the lead-based paint hazard control activities by comprehensively identifying and addressing other housing hazards that affect occupant health.

U.S. Department of Housing and Urban Development Housing-Related Hazards & Lead-based Paint Capital Fund Program applications due April 13, 2023

The purpose of the Housing-related Hazards Capital Fund (HRHCF) & Lead-based Paint Capital Fund Program (LBPCF) Notice of Funds Opportunity (NOFO) is to evaluate and reduce residential health hazards in public housing, including lead-based paint, carbon monoxide, mold, radon, fire safety, and asbestos. $65 million shall be made available for competitive grants to public housing agencies to evaluate and reduce housing-related hazards including lead-based paint in public housing, whereas no less than $25 million of the $65 million of the available funds shall be awarded for evaluating and reducing lead-based paint hazards specifically by carrying out the activities of lead-based risk assessments, inspections, abatement, interim controls, and clearance examinations. These amounts shall be combined with an additional $35 million made available under the Consolidated Appropriations Act, 2021 for housing-related hazards and approximately $7.4 million in recaptured and/or carryover funding from the Further Consolidated Appropriations Act, 2020 for housing-related hazards or lead-based paint, as applicable.

U.S. Environmental Protection Agency Environmental Justice Government-to-Government Program (EJG2G) applications due April 10, 2023

The purpose of the Environmental Protection Agency (EPA) Environmental Justice Government to Government (EJG2G) program is to provide funding to eligible entities to work collaboratively with underserved communities to understand, promote and integrate approaches to provide meaningful and measurable improvements to public health and/or the environment in those communities. The EJG2G program goals are to: 1). achieve measurable and meaningful environmental and/or public health results in communities; 2). build broad and robust, results-oriented partnerships, particularly with community-based nonprofit organizations (CBO) within disproportionately impacted areas; 3). pilot activities in specific communities that create transferable models, which can be expanded or replicated in other geographic areas and; 4). strengthen the development and implementation of meaningful approaches to achieve environmental justice.

National Endowment for the Arts Research Grants in the Arts, FY2024 Part I applications due March 27, 2023 and Part II applications due April 6, 2023

Research Grants in the Arts support research studies that investigate the value and/or impact of the arts, either as individual components of the U.S. arts ecology or as they interact with each other and/or with other domains of American life.

National Endowment for the Humanities Cultural and Community Resilience applications due May 16, 2023

This program supports community-based efforts to mitigate climate change and COVID-19 pandemic impacts, safeguard cultural resources, and foster cultural resilience through identifying, documenting, and/or collecting cultural heritage and community experience. The program prioritizes projects from disadvantaged communities in the U.S. or its jurisdictions, and encourages applications that employ inclusive methodologies.

National Endowment for the Humanities Digital Humanities Advancement Grants applications due June 15, 2023

The National Endowment for the Humanities Office of Digital Humanities is accepting applications for the Digital Humanities Advancement Grants program. The program supports innovative, experimental, and/or computationally challenging digital projects leading to work that can scale to enhance scholarly research, teaching, and public programming in the humanities.

The House has a Leader, but Committee Rosters are Still Being Finalized

First Floor Votes and 2 New Select Committees formed in the House

This week, the new Republican Majority in the House of Representatives put their first legislation on the House floor, garnering significant Democrat votes in support of the establishment of a new Select Committee on China and more party line votes on issues like abortion. House Republicans also created a new Republican subcommittee on the House Judiciary Committee to investigate the “weaponization of the federal government” which will likely be the hotspot for many of the expected investigative activities into the Biden Administration. President Biden, for his part, tried to get a lead on the expected battle fronts with House Republicans by visiting the Southern Border. President Biden also had to contend with disclosures about classified documents found at his home and other non-government locations.

Here’s what else you may have missed this week:

Nebraska Governor appoints former Gov. Pete Ricketts as Sasse’s replacement. While the Senate is in recess until January 23, there is yet another new face in the chamber. Following the announced resignation of Sen. Ben Sasse of Nebraska to head the University of Florida, Gov. Jim Pillen announced his choice on Thursday to appoint former Governor Pete Ricketts who will serve for two years before a special election which will be held in 2024. Click here to learn more about his background and views on key issues.

Rep. Katie Porter announces her Senate campaign for Dianne Feinstein’s seat. Despite no announcement by Sen. Feinstein on whether she plans to seek re-election, fellow California colleagues currently serving in the House are already moving to succeed her. Rep. Katie Porter announced the official launch of her campaign for the California Senate on Wednesday, already raising more than a million dollars and securing an endorsement from Senator Elizabeth Warren (D-MA). Rep. Barbara Lee also announced in a meeting of the Congressional Black Caucus her intention to seek this senate seat. Given California’s jungle primary system, it is likely that two Democrats will be nominated and could face-off in a general election in 2024.

McCarthy balks on recommending Rep. George Santos’ removal. This is just the latest chapter in a saga that has been brewing for weeks once it was reported that freshman Rep. Santos (R-NY) had lied about nearly every aspect of his resume and credentials and is also currently being investigated for possible campaign finance violations. McCarthy has now gone on the record to say that despite efforts by Republicans in New York to oust Santos, he will not call for his resignation and says he’ll leave the decision up to the voters in 2024. Santos supported McCarthy’s bid for Speaker and without him in office, the Republican majority would shrink to only 3 members.

IHE G-News January 12, 2023

January 12, 2023
Federal Funding Opportunities

U.S. Department of Commerce; National Oceanic and Atmospheric Administration; Climate Program Office Earth System Science and Modeling Research for Coastal Inundation applications due March 17, 2023

The Earth System Science and Modeling Division programs address climate challenges by managing competitive research programs that support high-priority science initiatives. The programs advance our understanding of the Earth’s climate system and foster the application and use of this knowledge to improve the resilience of our Nation and its partners. The National Ocean Service provides data, tools, and services that support coastal economies and their contribution to the national economy, especially in the area of preparedness and risk reduction. This opportunity is a joint collaboration with the National Weather Service, to develop and support research on the topic of coastal inundation.

U.S. Department of Commerce; National Oceanic and Atmospheric Administration; Climate Program Office Climate and Societal Interactions Division Bipartisan Infrastructure Law Climate and Atmospheric Research applications due March 29, 2023

The goal of this funding opportunity is to support collaborative research and community engagement projects that improve climate adaptation planning and action. Collaborative research and community engagement are defined as the process of developing trusted and sustained partnerships between scientists, decision-makers, and communities that lead to shared understandings of climate adaptation needs and the co-generation of credible and actionable climate knowledge to support community defined plans, including implementable solutions. Outcomes from this work will support and inform the identification of equitable and inclusive infrastructure investments that mitigate flooding and wildfire risks.

U.S. Department of Defense; Office of Naval Research Science, Technology, Engineering, and Mathematics Education and Workforce Program white papers due April 14, 2023

The Office of Naval Research is providing a funding opportunity for science, technology, engineering, and math (STEM) education programs and activities, which is formal or informal education that is primarily focused on physical and natural sciences, technology, engineering, social sciences, and mathematics disciplines, topics, or issues, including environmental science education or stewardship. STEM education programs and activities that could be supported by this funding opportunity include one or more of the following as the primary objective:

  • Develop learners’ knowledge, skill, or interest in STEM.
  • Attract students to pursue certifications, licenses, or degrees (two-year degrees through post-doctoral degrees) or careers in STEM fields.
  • Provide growth and research opportunities for post-secondary, college and graduate students in STEM fields, such as working with researchers or conducting research that is primarily intended to further education.
  • Improve mentor/educator (K-12 pre-service or in-service, post-secondary, and informal) quality in STEM areas.
  • Improve or expand the capacity of institutions to promote or foster STEM fields.

U.S. Department of Energy; Advanced Materials and Manufacturing Technologies Office, Building Technologies Office; and Office of Electricity issue Multi-Topic funding opportunity with concept papers due February 3, 2023

This funding opportunity will support activities to advance efficiency improvements and enhance manufacturing competitiveness through technological innovation by focusing on three main topic areas:

  • Next Generation Materials and Manufacturing Processes;
  • Secure and Sustainable Materials; and
  • Energy Technology Manufacturing.

The goals of this multi-topic opportunity are to:

  • Validate and demonstrate next generation materials and manufacturing processes including domestic pilot demonstrations and related technologies to support the transition to U.S. manufacturing;
  • Enable environmentally and socially responsible domestic manufacturing with diversified domestic supply of feedstocks including from recycled goods; and
  • Mature nascent technologies, processes, and methods that improve the performance and market penetration of clean energy technologies and emerging building efficiency technologies.

U.S. Department of Energy; Office of Science Research Opportunities in Accelerator Stewardship and Accelerator Development pre-applications due February 7, 2023

The Department of Energy program in Accelerator Research and Development and Production seeks applications to conduct cross-cutting use-inspired basic research and development to advance accelerator science and technology and domestic supplier development that supports the Office of Science’s activities in physical sciences research, and which is of broader benefit to other U.S. government agencies and industry.

U.S. Department of Energy; Office of Science releases topic-specific Reaching a New Energy Sciences Workforce Funding Opportunities

Reaching a New Energy Sciences Workforce (RENEW) aims to build foundations for Office of Science (SC) research and training at institutions historically underrepresented in the SC research portfolio. RENEW leverages SC’s unique national laboratories, user facilities, and other research infrastructures to provide undergraduate and graduate training opportunities for students and academic institutions not currently well represented in the U.S. science and technology (S&T) ecosystem. The hands-on experiences gained through RENEW will open new career avenues for participants, forming a nucleus for a future pool of talented young scientists, engineers, and technicians with the critical skills and expertise needed for the full breadth of SC research activities. Principal Investigators, key personnel, and students of RENEW awards will be invited to participate in researcher meetings and/or SC-wide professional development and collaborator events. RENEW funding opportunity announcements have been issued in the following areas:

U.S. Department of Health and Human Services; Centers for Disease Control A Strategic Approach to Advancing Health Equity for Priority Populations with or at Risk for Diabetes applications due March 7, 2023

This funding opportunity seeks to prevent or delay onset of type 2 diabetes among adults with prediabetes and improve self-care practices, quality of care, and early detection of complications among people with diabetes. Additionally, this funding opportunity will support implementation of evidence-based, family-centered childhood obesity interventions as a type 2 diabetes risk reduction strategy. All work supported under this funding opportunity will focus on reducing health disparities and achieving health equity for priority populations, defined as those who have systematically experienced greater obstacles to health based on their racial or ethnic group; religion; socioeconomic status; gender; age; mental health; cognitive, sensory, or physical disability; sexual orientation or gender identity; geographic location; or other characteristics historically linked to discrimination or exclusion.

U.S. Department of Health and Human Services; National Institutes of Health Programs for Inclusion and Diversity Among Individuals Engaged in Health-Related Research applications due March 10, 2023

The overarching goal of this National Heart, Lung, and Blood Institute Research Education Program is to support mentoring and research education activities that enhance the diversity of the biomedical, behavioral and clinical research workforce. The major goal of this program is to establish long-term mentoring that will enable junior faculty who are underrepresented in the biomedical sciences to develop a research program and obtain NIH funding. This funding opportunity specifically invites applications from senior faculty, established researchers, and experienced mentors to develop and direct the Summer Institutes of the Programs for Inclusion and Diversity among Individuals Engaged in Health-Related Research (PRIDE) program in order to mentor promising eligible junior faculty who have specific scientific interests in heart, lung, blood and sleep disorders research.

U.S. Department of Health and Human Services; National Institutes of Health reissues Innovative Mental Health Services Research funding opportunity

The purpose of this funding announcement is to encourage innovative research that will inform and support the delivery of high-quality, continuously improving mental health services to benefit the greatest number of individuals with, or at risk for developing, a mental illness.

Forecasted: U.S. Department of Labor; Employment and Training Administration Building Pathways to Infrastructure Jobs Grant Program

The purpose of this program is to fund public-private partnerships to develop, strengthen, and scale promising and evidence-based training models in H-1B industries and occupations critical to meeting the goals of the Bipartisan Infrastructure Law (BIL) and to maximize the impact of these investments. The country will need a proficient workforce to fill the good-paying jobs created by this historic investment, and this grant program will train job seekers in advanced manufacturing; information technology; and professional, scientific, and technical services occupations that support renewable energy, transportation, and broadband infrastructure sectors. The Building Pathways to Infrastructure Jobs Grant Program represents a down payment for the future skilled workforce needs that are being developed through the BIL investments by investing in the development and expansion of the workforce partnerships that will be needed to build equitable pathways to good infrastructure jobs. The Infrastructure Investment and Jobs Grant Program serves dual purposes by implementing and scaling worker-centered sector strategies to support the workforce necessary for successful implementation of the BIL.

National Science Foundation Addressing Systems Challenges through Engineering Teams letters of intent due February 1, 2023

The Electrical, Communications and Cyber Systems Division (ECCS) supports enabling and transformative engineering research at the nano, micro, and macro scales that fuels progress in engineering system applications with high societal impact. This includes fundamental engineering research underlying advanced devices and components and their seamless penetration in power, controls, networking, communications, or cyber systems. The research is envisioned to be empowered by cutting-edge computation, synthesis, evaluation, and analysis technologies and is to result in significant impact for a variety of application domains in healthcare, homeland security, disaster mitigation, telecommunications, energy, environment, transportation, manufacturing, and other systems-related areas. ECCS also supports new and emerging research areas encompassing 5G and Beyond Spectrum and Wireless Technologies, Quantum Information Science, Artificial Intelligence, Machine Learning, and Big Data. ECCS, through its ASCENT program, offers the engineering community the opportunity to address research issues and answer engineering challenges associated with complex systems and networks that are not achievable by a single principal investigator or by short-term projects and can only be achieved by interdisciplinary research teams. ECCS envisions a connected portfolio of transformative and integrative projects that create synergistic links by investigators across its three ECCS clusters: Communications, Circuits, and Sensing-Systems, Electronics, Photonics and Magnetic Devices, and Energy, Power, Control, and Networks, yielding novel ways of addressing challenges of engineering systems and networks. ECCS seeks proposals that are bold and ground-breaking, transcend the perspectives and approaches typical of disciplinary research efforts, and lead to disruptive technologies and methods or enable significant improvement in quality of life.

National Science Foundation Pathways into the Earth, Ocean, Polar and Atmospheric and Geospace Sciences proposals due March 27, 2023

The Pathways into the Geosciences – Earth, Ocean, Polar and Atmospheric Sciences (GEOPAths) funding opportunity invites proposals that specifically address the current needs and opportunities related to education, learning, training and professional development within the geosciences community through the formation of STEM Learning Ecosystems that engage students in the study of the Earth, its oceans, polar regions and atmosphere. The primary goal of the GEOPAths funding opportunity is to increase the number of students pursuing undergraduate and/or postgraduate degrees through the design and testing of novel approaches that engage students in authentic, career-relevant experiences in geoscience. In order to broaden participation in the geosciences, engaging students from historically excluded groups or from non-geoscience degree programs is a priority. This solicitation features three funding tracks that focus on Geoscience Learning Ecosystems (GLEs):

  • Informal Networks: Collaborative projects in this track will support geoscience learning and experiences in informal settings for teachers, pre-college (e.g., upper level high school) students, and early undergraduates in the geosciences.
  • Undergraduate Preparation: Projects in this track will engage pre-college and undergraduate students in extra-curricular experiences and training in the geosciences with a focus on service learning and workplace skill building.
  • Graduate Opportunities: Projects in this track will improve research and career-related pathways into the geosciences for undergraduate and graduate students through institutional collaborations with a focus on service learning and workplace skill building.

National Science Foundation Biodiversity on a Changing Planet proposals due March 29, 2023

The biodiversity found in nature is essential for healthy ecosystems and human well-being, however, the disruption and decline of Earth’s biodiversity is currently occurring at an unprecedented rate. The resulting shifts in biodiversity dynamic, including changes in the scope and structure of biodiversity, are increasingly significant but not well-understood. Shifting biodiversity dynamics in turn influence functional biodiversity, which includes the roles of traits, organisms, species, communities, and ecosystem processes in natural systems. Changes in biodiversity dynamics and functional biodiversity are essential factors for future planetary resilience under environmental change, including climate change. The connection between functional biodiversity and biodiversity dynamics on a changing planet is the main focus of the Biodiversity on a Changing Planet program. The program encourages proposals that integrate pattern- and process-based research approaches in the context of the constant gain, loss, and reorganization of biodiversity on a changing planet. To advance a comprehensive understanding of functional biodiversity requires a highly integrative approach, including consideration of spatial and temporal dimensions from the organismal to the ecosystem level and from recent to deep timescales. The program therefore places a strong emphasis on multidisciplinary research among climatic, geological, paleontological, ecological, organismal, phylogenetic and evolutionary sciences.

National Science Foundation Future of Work at the Human-Technology Frontier: Core Research proposals due March 30, 2023

The overarching vision of this program is to support multi-disciplinary research to sustain economic competitiveness, to promote worker well-being, lifelong and pervasive learning, and quality of life, and to illuminate the emerging social and economic context and drivers of innovations that are shaping the future of jobs and work. The specific objectives of the Future of Work at the Human-Technology Frontier program are to:

  • facilitate inter-disciplinary or convergent research that employs the joint perspectives, methods, and knowledge of behavioral science, computer science, economics, engineering, learning sciences, research on adult learning and workforce training, and the social sciences;
  • develop deeper understandings of how human needs can be met and values respected in regard to how new technologies, conditions, and work experiences are changing;
  • support deeper understanding of the societal infrastructure that accompanies and leads to new work technologies and new approaches to work and jobs, and that prepares people for the future world of work;
  • encourage the development of a research community dedicated to designing intelligent technologies and work organization and modes inspired by their positive impact on individual workers, the work at hand, the way workers learn and adapt to technological change, creative and inclusive workplaces (including remote locations, homes, classrooms, or virtual spaces), and benefits for social, economic, educational, and environmental systems at different scales;
  • promote deeper basic understanding of the interdependent human-technology partnership to advance societal needs by advancing design of intelligent technologies that operate in harmony with human workers, including consideration of how adults learn the new skills needed to interact with these technologies in the workplace, and by enabling broad and diverse workforce participation, including improving accessibility for those challenged by physical, learning or cognitive impairment and other visible and invisible disabilities; and
  • understand, anticipate, and explore ways of mitigating potential risks including inequity arising from future work at the human-technology frontier.

National Science Foundation Partnerships for Innovation proposals due July 12, 2023

The Partnerships for Innovation (PFI) Program within the Division of Industrial Innovation and Partnerships (IIP) offers researchers from all disciplines of science and engineering the opportunity to perform translational research and technology development, catalyze partnerships and accelerate the transition of discoveries from the laboratory to the marketplace for societal benefit. This solicitation offers two broad tracks for proposals.

The Technology Translation (PFI-TT) track offers the opportunity to translate prior national Science Foundation (NSF) funded research results in any field of science or engineering into technological innovations with promising commercial potential and societal impact. PFI-TT supports commercial potential demonstration projects for academic research outputs in any NSF-funded science and engineering discipline. This demonstration is achieved through proof-of-concept, prototyping, technology development and/or scale-up work. Concurrently, students and postdoctoral researchers who participate in PFI-TT projects receive education and leadership training in innovation and entrepreneurship. Successful PFI-TT projects generate technology-driven commercialization outcomes that address societal needs.

The Research Partnerships (PFI-RP) track seeks to achieve the same goals as the PFI-TT track by supporting instead complex, multi-faceted technology development projects that are typically beyond the scope of a single researcher or institution and require a multi-organizational, interdisciplinary, synergistic collaboration. A PFI-RP project requires the creation of partnerships between academic researchers and third-party organizations such as industry, non-academic research organizations, federal laboratories, public or non-profit technology transfer organizations or other universities. Such partnerships are needed to conduct use-inspired research on a stand-alone larger project toward commercialization and societal impact.

Special Report: Finally, House Speaker Kevin McCarthy

After 5 grueling days and 15 rounds of voting, Kevin McCarthy (R-CA) finally secured the required votes to become Speaker of the U.S. House of Representatives. The immediate result is that we now have a functioning House of Representatives. Members can be sworn in and conduct their official duties. Committee Chairs will be put in place and hearings will begin. Investigations and oversight activities will be launched. Legislation can be introduced and acted upon. Floor votes (on something other than the Speaker) can be cast.

In the days and weeks to come, all eyes will be on the after-effects of this long slog to name a Speaker and how House Republicans move out on their key policy and political priorities. Undoubtedly, it will stand in stark contrast to the work of the Senate Democrat Majority and the Biden Administration. How those dynamics come in to play on “must pass” legislation such as the annual appropriations bills and raising the national Debt ceiling are sure to equal, if not exceed, the high stakes drama of this past week.

Your WSW team will continue to provide updates and insights on how these events and those that follow will impact your federal agenda in 2023.

For further reading on the historic contest for Speaker:
McCarthy claims speakership on 15th ballot – POLITICO
Kevin McCarthy secures Speakership after historic floor battle | The Hill
McCarthy wins speaker election, finally – Roll Call

House Still Without a Speaker

Republicans Refuse to Back McCarthy

For the first time in over 100 years, Congress has so-far been unable to elect a Speaker of the House, conducting 12 rounds of votes through to today. AS OF 2PM TODAY, on the 12th roll call vote for speaker, current Republican Minority Leader Kevin McCarthy (R-CA) finally saw some movement in his direction, with 14 Members switching to support him for Speaker. It is still short of the votes needed but significant movement in his direction. We expect McCarthy to continue negotiating with hold outs and we expect additional roll call votes to follow today building on the momentum of the last vote and until he reaches the necessary votes. Prior to today, there was a block of 20 Members-elect from the right wing of the Republican Party whom even after securing numerous concessions on House Rules remained opposed to Kevin McCarthy becoming Speaker.

Until a House Speaker can be decided, there is literally no functioning House of Representatives. Practical impacts include the fact that new and incumbent Members of Congress are unable to be officially sworn-in and the House is operating without specified rules, committee assignments, or even an ability to vote on anything besides adjournment. Legislatively, this week’s events have delayed any movement on advancing a long planned Republican Majority agenda that includes launching multiple investigations and oversight of the Biden Administration, China, federal spending and large corporations, as well as planned policy action on immigration, crime, energy and more. For now, all that is on hold. If and when McCarthy receives the last necessary votes from Members of his Conference, it will be key to understand the nature and scope of the concessions that have been made and to whom and what that portends for the agenda ahead in the House for the next two years. More to come on that.

Here’s what else you may have missed this week:

President Biden and Senator McConnell head to Kentucky. On Wednesday, in stark contrast to the chaos occurring in the House, President Biden visited the home state of Senate Republican Minority Leader Mitch McConnell where they appeared together to tout a bridge project funded by the bipartisan infrastructure law. During the joint event, President Biden praised the Senate Republican leader, saying “Mitch, it wasn’t easy to get this done. It wouldn’t have happened without your hand. I believe it sends an important message to the entire country. We can work together. We can get things done. We can move the nation forward.” We can expect to see ongoing efforts for the Biden Administration to work in a bipartisan fashion with the Senate and a focus on implementation of laws already passed in the prior Congress given limited expectations about the ability to move new initiatives through a divided Congress.

Swearing-in ceremonies welcomed 7 new faces to the U.S. Senate. Monday was much less eventful in the Senate Chambers as Vice President Kamala Harris conducted swearing-in ceremonies for those newly elected or reelected. Those 7 new Senators are comprised of 6 Republicans who won out in seats previously occupied by a Republican, and 1 Democrat who flipped a seat in Pennsylvania, Sen. John Fetterman (who did in fact wear a suit and not a hoodie on his first day).

Elsewhere in the Senate, the 2024 election cycle is already underway. Long-time Democrat Debbie Stabenow announced that she will not seek reelection in 2024, a move that caught Washington by surprise and marks the ending of a career as the first woman elected Senator in Michigan back in 2001. This is the first major retirement of the nascent election cycle and has already prompted speculation about replacement candidates that include Reps. Elissa Slotkin and Debbie Dingell, as well as recently elected Governor Gretchen Whitmer and Secretary of Transportation Pete Buttigieg. Republicans will of course have their own shot at the seat which will also undoubtedly prove decisive in the 2024 presidential race like it has the past two cycles.

Local Government G-News January 4, 2023

January 4, 2023
Federal Funding Opportunities

U.S. Department of Commerce; National Oceanic and Atmospheric Administration (NOAA) Climate Program Office (CPO), Climate and Societal Interactions (CSI) Division — Bipartisan Infrastructure Law (BIL) letters of intent due February 1, 2023, and applications due March 29, 2023
The goal of this Notice of Federal Funding Opportunity (NOFO) is to support collaborative research and community engagement projects that improve climate adaptation planning and action.

FORECASTED U.S. Department of Energy; National Energy Technology Laboratory Carbon Utilization Procurement Grants Under Bipartisan Infrastructure Law
As part of the BIL, supporting the Administration’s goal to achieve a carbon-free power sector by 2035 and putting the United States on a path to a net-zero economy by 2050, this demonstration program will issue grants to eligible entities to procure commercial and industrial products derived from the conversion of anthropogenic carbon oxides and demonstrate a significant net reduction in life cycle greenhouse gas emissions compared to incumbent technologies, processes, and products. FOA is anticipated to be issued in the first quarter of Fiscal Year 2023.

U.S. Department of Energy; Golden Field Office Bipartisan Infrastructure Law: Resilient and Efficient Codes Implementation concept papers due January 31, 2023
The U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) Building Technologies Office (BTO) is issuing this Funding Opportunity Announcement (FOA) titled Bipartisan Infrastructure Law: Resilient and Efficient Codes Implementation. The activities to be funded under this FOA support the BIL, as well as a broader government-wide approach to advance building codes and support their successful implementation. The primary focus centers around updating to more efficient building energy codes that save money for American homes and businesses, reduce greenhouse gas (GHG) emissions, and encourage more resilient buildings. This FOA seeks applications with project teams ready to advance building energy codes and other building efficiency policies within a particular region, state, or local jurisdiction.

U.S. Department of Interior; Bureau of Reclamation WaterSMART: Water Recycling and Desalination Planning applications due February 28, 2023
Funding made available is intended to provide assistance to prepare feasibility studies and undertake other planning activities for potential new Title XVI Water Reclamation and Reuse projects, Desalination Construction projects, and Large-Scale Water Recycling projects. Eligible project activities include development of new water recycling and desalination feasibility studies, preparation of preliminary project cost estimates, design activities, and environmental and cultural resource compliance activities. Eligible applicants include local water agencies that are sponsors of water recycling or desalination projects.

U.S. Department of Transportation; Federal Aviation Administration FY2022 Airport Improvement Program Supplemental Discretionary Grants applications due January 31, 2023
This competitive supplemental discretionary grant program falls under the project grant authority for the Airport Improvement Program (AIP), with the objective of assisting eligible airports in the development and improvement of a nationwide system that adequately meets the needs of civil aeronautics. Projects should be ready to begin by June 30, 2024. Eligible projects include, but are not limited to: a. Improvements related to enhancing airport safety, capacity, security, environmental sustainability, planning, or any combination of the above, including terminal development; b. Planning for the feasibility of and options for unleaded aviation fuel infrastructure; c. Airport projects associated with pavement rehabilitation, reconstruction, and extension of the pavement’s useful life; d. Noise planning and noise mitigation; e. Projects to plan for, relocate, and/ or construct run-up locations to reduce community exposure to emissions from leaded aviation fuel usage; and f. Other emission reduction projects.

U.S. Department of Transportation; Federal Railroad Administration FY22-23 Federal-State Partnership for Intercity Passenger Rail Grant Program for projects located on the Northeast Corridor applications due March 27, 2023
The Federal-State Partnership for Intercity Passenger Rail Northeast Corridor (FSP NEC) funds capital projects on the Northeast Corridor that reduce the state of good repair backlog, improve performance, or expand or establish new intercity passenger rail service.

U.S. Department of Transportation; Maritime Administration FY2023 Port Infrastructure Development Program Grants applications due April 28, 2023
The purpose of the Port Infrastructure Development Program (PIDP) is to improve the safety, efficiency, or reliability of the movement of goods through ports and intermodal connections to ports. Eligible projects for FY 2023 PIDP grants shall be located either within the boundary of a port, or outside the boundary of a port and directly related to port operations or to an intermodal connection to a port. Grants may be made for capital projects that will be used to improve the safety, efficiency, or reliability of (I) the loading and unloading of goods at the port, such as for marine terminal equipment; (II) the movement of goods into, out of, around, or within a port, such as for highway or rail infrastructure, intermodal facilities, freight intelligent transportation systems, and digital infrastructure systems; (III) operational improvements, including projects to improve port resilience; or (IV) environmental and emissions mitigation measures. The complete PIDP Notice of Funding Opportunity (NOFO) with more details on the program and application requirements will be released on or by January 17, 2023.

Senate Passes Omnibus

House has until December 30th to Confirm

Key Dates
December 23, 2022 – Continuing Resolution Expires: Today
December 30, 2022 – Stopgap Funding Expires: 7 days
January 3, 2023 – Swearing-in of 118th Congress: 11 days

Lawmakers worked past midnight on Wednesday to finalize details of the Omnibus. Senate Majority Leader Chuck Schumer (D-NY) organized a vote early Thursday morning and passed the legislation along with a short stopgap funding package to extend government spending through December 30th. While the House still needs to vote, this was positive movement to keep the government open.

Here’s what else you may have missed this week:

A last-minute amendment threatened to derail the Omnibus. On Wednesday afternoon, Senator Mike Lee (R-UT) offered an amendment to the Omnibus to prevent the Biden Administration from allowing a pandemic era border policy, known as Title 42, to lapse. In broad strokes, Title 42 is significantly limiting crossings at the U.S.-Mexico border, ostensibly to prevent the spread of disease, but a federal judge has ruled it capricious. This has allowed the Biden Administration to proceed with their original plan of axing the order which could in turn cause a spike in migration over the holidays. On Monday, the Supreme Court weighed in on the issue, granting a temporary stay which the Biden Administration asked to extend at least through Christmas.

The Lee amendment was voted down and Schumer successfully ushered through the $1.65 trillion deal. However, a stopgap funding measure was necessary to avoid a partial government shutdown; this buys House members until December 30 to pass the Omnibus. Most members of Congress have already left D.C. ahead of the impending winter storms which could paralyze travel across the country this holiday weekend.

Ukrainian President Volodymyr Zelenskyy visited Washington, D.C. on Wednesday and made an historic plea to Congress. This high-profile visit was a mystery to most until Tuesday afternoon when news broke that, barring security concerns, the war weary president would make the trip from Kyiv to Washington to meet with Biden and speak before Congress on Wednesday. After more than 2 minutes of standing ovation from Members of Congress, Zelenskyy gave a 35-minute speech requesting additional military support to fend off the Russian invasion.

This push for additional assistance is of course highly relevant to the Omnibus which includes $45 billion in military and economic aid for Ukraine. Who was the target audience for this speech? Arguably, it was the incoming Republican House majority which has soured on blank checks to Ukraine in recent months. By some counts, less than half of House Republicans were in attendance for Zelenskyy’s address.

What else is in the Omnibus legislation, and what didn’t make the cut? Several big measures are being included as riders to this last piece of legislation to be passed by the 117th Congress. One such bill concerns new retirement provisions which are designed to expand savings incentives among poorer Americans. The legislation would also encourage enrollment in retirement plans and raise the starting age for required minimum distributions from tax-deferred accounts from 72 to 75. In all, this would significantly alter the way your 401(k) operates.

A bill which did not make the final legislation, despite a softening on marijuana offenses in recent years, was a provision to protect banks who do business with the cannabis industry in states where it is legal to do so. As it stands, these banks still run the risk of losing federal banking charters because marijuana remains a Schedule 1 drug according to the Feds.

The January 6th Committee releases its final report. An executive summary of the report had already been made available and transcripts were being combed through for juicy tidbits. But the long and short of the committee’s findings are best expressed in their referral of former President Trump to the DOJ on 4 criminal charges. With the House set to flip from blue to red on January 3rd, this will be the last action taken in the public forum, unless Senate Democrats are willing to keep the pressure on into the next election cycle.

As a reminder, the 118th Congress begins on January 3rd. The Hill will be buzzing with swearing-in ceremonies and open houses for members old and new. If you plan to visit and make the rounds, your WSW team will be on the Hill and our offices open and available to clients so we can anticipate your needs.

IHE G-News December 22, 2022

December 22, 2022
Federal Funding Opportunities

U.S. Department of Commerce Minority Business Development Agency Capital Readiness Program applications due February 28, 2023

The Minority Business Development Agency (MBDA) Capital Readiness Program is designed to help close the entrepreneurship gap between socially and economically disadvantaged individuals (SEDI) and non-SEDI. This notice requests applications from qualified organizations that have the expertise to provide technical assistance for entrepreneurs starting or scaling their businesses who are seeking various forms of capital. Specifically, MBDA expects this Program to serve SEDI-owned businesses that are applying, have previously applied, or plan to apply to a State Small Business Credit Initiative (SSBCI) capital program or other government program that supports small businesses.

U.S. Department of Energy Buildings Energy Efficiency Frontiers and Innovation Technologies concept papers due February 7, 2023

This funding opportunity seeks to support to research and development of high-impact, cost-effective technologies and practices that will reduce carbon emissions, improve flexibility and resilience, as well as lower energy costs across five topic areas:

  • Topic 1: Heating, Ventilation, and Air Conditioning (HVAC) and Water Heating: Technologies with improved materials, components, equipment design and engineering, lower cost manufacturing processes, and easier installation.
  • Topic 2: Thermal Energy Storage (TES): Development and validation of next generation plug-and-play TES products with improved cost and performance and ease of installation to accelerate adoption of TES in HVAC applications.
  • Topic 3: Battery Energy Storage Systems (BESS): Development, validation, and demonstration of product innovations that reduce the cost of BESS integration, improve the coordination between distributed BESS and the electrical grid, as well as help meet building decarbonization targets.
  • Topic 4: Plug Loads/Lighting: Integration of plug load controls with connected lighting systems in commercial buildings with minimal cost and complexity to support building electrification.
  • Topic 5: Opaque Building Envelope: Development, validation, and demonstration of high-impact, affordable. opaque building envelope retrofit and diagnostic technologies.

U.S. Department of Energy; Office of Science Funding for Accelerated, Inclusive Research pre-applications due February 7, 2023

The Office of Science (SC) seeks applications from institutions historically underrepresented in the SC portfolio, including non-R1 minority serving institutions (MSIs) and emerging research institutions, to perform basic research in fields supported by SC. This funding opportunity aims to build research capacity, infrastructure, and expertise at these institutions through mutually beneficial relationships between applicants and U.S. Department of Energy national laboratories, SC scientific user facilities, or R1 MSIs. SC supports fundamental research in applied mathematics, biology, chemistry, computer science, engineering, isotope research, materials science, and physics to transform our understanding of nature and catalyze scientific discoveries that can lead to technical breakthroughs. SC does not support applied research, product development, or prototyping.

U.S. Department of Health and Human Services; National Institutes of Health Biomedical Research Facilities applications due February 24, 2023

This funding opportunity invites applications from eligible academic and research institutions to apply for funding to modernize existing or construct new biomedical research facilities. Applications from both research-intensive institutions and Institutions of Emerging Excellence in biomedical research, both highly resourced and low-resourced institutions, from all geographic regions in the nation are strongly encouraged to apply. The National Institutes of Health recognizes the importance of all institutions of higher learning in contributing to the nation’s research capacity. The goal of this funding opportunity is to modernize biomedical research infrastructure to strengthen biomedical research programs. Each project is expected to provide long-term improvements to the institutional research infrastructure. Targeted projects are the construction or modernization of core facilities and the development of other shared research infrastructure serving an institution-wide research community with broad impact on biomedical research.

National Science Foundation Strengthening American Infrastructure proposals due March 15, 2023

The Strengthening American Infrastructure (SAI) program seeks to stimulate human-centered fundamental and potentially transformative research aimed at strengthening America’s infrastructure. Effective infrastructure provides a strong foundation for socioeconomic vitality and broad improvement in quality of life. Strong, reliable and effective infrastructure spurs private-sector innovation, grows the economy, creates jobs, makes public-sector service provision more efficient, strengthens communities, promotes equal opportunity, protects the natural environment, enhances national security and fuels American leadership. Achieving these objectives requires the integration of expertise from across all science and engineering disciplines. SAI focuses on how fundamental knowledge about human reasoning and decision-making, governance, and social and cultural processes enables the building and maintenance of effective infrastructure that improves lives and society and builds on advances in technology and engineering. Successful projects will represent a convergence of expertise in one or more social, behavioral, or economic sciences, deeply integrated with other disciplines to support substantial and potentially pathbreaking fundamental research applied to strengthening a specific focal infrastructure.

National Science Foundation Design for Environmental Sustainability in Computing proposals due March 17, 2023

The Design for Environmental Sustainability in Computing (DESC) solicitation seeks to bring together teams to work toward solutions that address sustainability in new and measurably different ways that are inclusive of the breadth of computing and information science and engineering research, with the ultimate goal of holistic order of magnitude improvements in the environmental sustainability of computing. DESC projects should go beyond solely energy efficiency to address a more complete set of environmentally sustainable outcomes in terms of, but not limited to, metrics of greenhouse gas emissions, volatile organic compounds, consumption and disposal of rare materials, heat, wastewater, recyclability, and longevity, along with potential interactions between these metrics.