University Centers for Economic Growth and Job Creation
This act aims to establish university centers in each state to support regional economic development. These centers will assist businesses in creating jobs, developing employee skills, and implementing new technologies, potentially leading to better career prospects and financial stability for citizens.
Key points
At least one university center will be established in each state to support the local economy.
These centers will offer assistance to businesses in areas such as business development, technology transfer, and job creation.
Priority in establishing centers will be given to historically Black colleges and universities, Tribal colleges and universities, Hispanic-Serving institutions, and minority-Serving institutions, promoting diversity and equal access to resources.
Centers will receive funding ranging from $500,000 to $1,000,000 annually, ensuring resources for their activities.
Expired
Additional Information
Print number: 117_S_4247
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2022-05-18