117th Congress
Innovation Centers Acceleration Act
Purpose
To strengthen American economic resiliency and equitably expand economic opportunity by launching a national competition, promoting State and local strategic planning, encouraging innovation by the public and private sectors, and by substantially investing Federal resources in research and development.
Summary of Selected Provisions
- Creates a process for selecting nine “innovation centers,” denoting metropolitan areas that would receive targeted federal support for up to three three-year terms to promote economic development in STEM-related sectors
- Directs the National Science Foundation and National Institutes of Health to provide grant awards to institutions located in innovation centers, with the goal that each agency would spend $1.25 billion over nine years in each center
- Recommends Congress ramp up funding for innovation centers over ten years, with NSF receiving $10.5 billion and NIH $1.26 billion in fiscal year 2031 on top of their base budgets
- Directs NSF to expand graduate and undergraduate research programs, with 35% of the additional funding targeted to innovation centers, and directs the Commerce Department to support workforce development activities within innovation centers
- Directs NIST to establish nine new Manufacturing USA Institutes, or a combination of new institutes and “satellites” affiliated with existing institutes, that would each receive up to $70 million, or, for satellites, $25 million over nine years
Primary Sponsors
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REPRESENTATIVE D-NY
Co-sponsors by Party
R
0
D
11
I
0
Actions
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01/25/2021Introduced in House