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Innovation Centers Acceleration Act: Boosting Tech, Jobs, and Economic Growth

This act aims to strengthen the U.S. economy by establishing new innovation centers in selected cities. This means increased investment in research, technology development, and job creation, especially in science and engineering sectors. The act also provides support for small businesses and training programs, potentially leading to new career opportunities and improved living standards for residents in these areas.
Key points
Designation of 9 new innovation centers in metropolitan areas with populations of at least 500,000, not yet established tech hubs.
Significant federal investment in research and development, including billions for the National Science Foundation and National Institutes of Health, supporting universities and research institutions.
Tax incentives and easier access to capital for small businesses and tech startups within innovation centers, fostering their growth.
Support for STEM (Science, Technology, Engineering, Mathematics) training and apprenticeship programs, including for underrepresented populations, potentially increasing employment opportunities.
Funding for infrastructure development, including transportation and high-speed internet access, and for affordable housing in the designated areas.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_871
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2021-03-18
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Summarized by: gemini-2.5-flash-preview-05-20
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_S_871.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-18.

What are the main provisions?

Key points include:

  • Designation of 9 new innovation centers in metropolitan areas with populations of at least 500,000, not yet established tech hubs.
  • Significant federal investment in research and development, including billions for the National Science Foundation and National Institutes of Health, supporting universities and research institutions.
  • Tax incentives and easier access to capital for small businesses and tech startups within innovation centers, fostering their growth.
  • Support for STEM (Science, Technology, Engineering, Mathematics) training and apprenticeship programs, including for underrepresented populations, potentially increasing employment opportunities.
  • Funding for infrastructure development, including transportation and high-speed internet access, and for affordable housing in the designated areas.
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 Sen. Coons, Christopher A. [D-DE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Public Investments Labor