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Innovation Centers Act: Strengthening Economy and Creating Jobs

This Act aims to strengthen the U.S. economy by establishing nine new innovation centers in selected metropolitan areas. Citizens can expect new job opportunities in technology sectors, improved access to STEM education, and support for local businesses and infrastructure. The goal is equitable development and increased opportunities for all residents.
Key points
Establishment of 9 new innovation centers in metropolitan areas with populations over 500,000, not yet designated as established tech hubs.
Significant federal investments in research and development, including billions of dollars for universities and research institutions within innovation centers.
Support for small businesses and tech startups through preferential loan terms, research tax credits, and easier access to capital.
Expansion of STEM education and training programs, including graduate research fellowships and undergraduate research opportunities, with a focus on Historically Black Colleges and Universities and Hispanic-Serving Institutions.
Investments in infrastructure, transportation, and high-speed internet access, as well as the development of affordable housing options in innovation center areas to prevent gentrification and promote racial equity.
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Expired
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Additional Information
Print number: 117_HR_476
Sponsor: Rep. Morelle, Joseph D. [D-NY-25]
Process start date: 2021-01-25
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Innovation Centers Acceleration Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_476.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-01-25.

What are the main provisions?

Key points include:

  • Establishment of 9 new innovation centers in metropolitan areas with populations over 500,000, not yet designated as established tech hubs.
  • Significant federal investments in research and development, including billions of dollars for universities and research institutions within innovation centers.
  • Support for small businesses and tech startups through preferential loan terms, research tax credits, and easier access to capital.
  • Expansion of STEM education and training programs, including graduate research fellowships and undergraduate research opportunities, with a focus on Historically Black Colleges and Universities and Hispanic-Serving Institutions.
  • Investments in infrastructure, transportation, and high-speed internet access, as well as the development of affordable housing options in innovation center areas to prevent gentrification and promote racial equity.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Morelle, Joseph D. [D-NY-25].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Public Investments Labor