Regional Technology and Innovation Hubs: An Overview and Issues for Congress [May 10, 2022] [open pdf - 830KB]
From the Document: "Congress is considering the establishment of a new regional technology and innovation hub program in U.S. competition legislation. The House and Senate are reconciling H.R. 4521 [hyperlink], the America COMPETES Act of 2022, as agreed to by the House on February 4, 2022, with the version [hyperlink] as agreed to by the Senate on March 28, 2022. The Senate substituted the text of H.R. 4521 with S. 1260, the United States Competitiveness and Innovation Act. Both bills would establish a competitive award program to plan for or implement regional consortia in an effort to advance innovation and technology-based economic development. This Insight provides a brief overview of regional innovation and technology-based economic development; describes key features of the proposed program--including differences in the House and Senate bills; and highlights potential considerations for Congress."
CRS Insight, IN11925
Congressional Research Service: https://crsreports.congress.gov/