funding of Manufacturing USA institutes 
in an innovation center, in whole or in sub-
stantial part. 
(v) PREVENTION
OF
OVERLAP
AND 
REDUNDANCY.—In identifying and funding 
Manufacturing USA institutes or satellites 
to Manufacturing USA institutes under 
subparagraph (B), the Secretary shall, to 
the extent practicable, avoid overlap or re-
dundancy in mission, technology focus, or 
funding with existing Manufacturing USA 
institutes. 
(D) 
AMOUNT
OF
FINANCIAL
ASSIST-
ANCE.— 
(i) NEW MANUFACTURING USA INSTI-
TUTES.—For each Manufacturing USA in-
stitute identified and funded under sub-
paragraph (B), the Secretary may expend 
up to $70,000,000 during the period of fis-
cal years 2022 through 2033. 
(ii) MANUFACTURING USA INSTITUTE 
SATELLITES.—For 
each 
Manufacturing 
USA institute satellite or expansion sup-
ported under subparagraph (B), the Sec-
retary may expend up to $25,000,000 dur-
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ing the period of fiscal years 2022 through 
2033. 
(E) ALLOCATION.—Not less than 33 per-
cent of the financial assistance provided under 
subparagraph (B) shall be for identifying and 
funding Manufacturing USA institutes in inno-
vation centers. 
(6) MANUFACTURING UNIVERSITIES.—The Sec-
retary of Commerce and the Secretary of Defense 
shall consider the location of a university within an 
innovation center to be a strength for purposes of 
selection criteria under the Manufacturing Univer-
sities Program. 
(7) MINORITY BUSINESS DEVELOPMENT AGEN-
CY.— 
(A) IN GENERAL.—The National Director 
of the Minority Business Development Agency 
may, acting through the Inner City Innovation 
Hub program, award not more than 2 grants to 
eligible entities located within each innovation 
center. 
(B) AMOUNT OF GRANT.—A grant award-
ed under subparagraph (A) may not exceed 
$1,500,000. 
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(C) 
AUTHORIZATION
OF
APPROPRIA-
TIONS.—There are authorized to be appro-
priated to the National Director of the Minority 
Business Development Agency $27,000,000 for 
each of fiscal years 2023 through 2031. 
(8) 
ADDITIONAL
REGIONAL
INNOVATIONS 
STRATEGIES GRANTS.— 
(A) DEFINITION
OF
INNOVATION
CEN-
TER.—Section 4 of the Stevenson-Wydler Tech-
nology Innovation Act of 1980 (15 U.S.C. 
3703) is amended by adding at the end the fol-
lowing: 
‘‘(12) ‘Innovation center’ has the meaning given 
the term in section 2 of the Innovation Centers Ac-
celeration Act.’’. 
(B) GRANTS.—Section 27 of the Steven-
son-Wydler Technology Innovation Act of 1980 
(15 U.S.C. 3722) is amended— 
(i) in subsection (c)— 
(I) in paragraph (1), by striking 
‘‘As part of the program’’ and insert-
ing the following: 
‘‘(A) IN GENERAL.—As part of the pro-
gram’’; and 
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(II) by adding at the end the fol-
lowing: 
‘‘(B) INNOVATION CENTER GRANTS.—As a 
part of the program established pursuant to 
subsection (b), the Assistant Secretary of Com-
merce for Economic Development may award 
grants, on a competitive basis, to eligible recipi-
ents described in subsection (a)(1)(D) located 
within innovation centers.’’; and 
(ii) in subsection (h)— 
(I) by striking ‘‘From amounts 
appropriated’’ and inserting the fol-
lowing: 
‘‘(1) IN
GENERAL.—From amounts appro-
priated’’; and 
(II) by adding at the end the fol-
lowing: 
‘‘(2) INNOVATION CENTER GRANTS.—There are 
authorized to be appropriated to the Secretary to 
award grants under subsection (c)(1)(B) $5,000,000 
for each of fiscal years 2023 through 2031.’’. 
(9) WORKFORCE
INVESTMENT
ACTIVITIES
IN 
CONSULTATION WITH INNOVATION CENTERS.— 
(A) YOUTH WORKFORCE ACTIVITIES.—Sec-
tion 129 of the Workforce Innovation and Op-
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portunity Act (29 U.S.C. 3164) is amended by 
adding at the end the following: 
‘‘(d) YOUTH WORKFORCE ACTIVITIES IN CONSULTA-
TION WITH INNOVATION CENTERS.— 
‘‘(1) FUNDING.— 
‘‘(A) IN
GENERAL.—Using funds made 
available under section 136(d), the Secretary 
shall provide a grant to each local area that— 
‘‘(i) is within the area covered by an 
innovation center selected under subsection 
(e) of section 3 of the Innovation Centers 
Acceleration Act; and 
‘‘(ii) the Innovation Center Selection 
Committee established under that section 3 
certifies is working in partnership with 
that innovation center. 
‘‘(B) AMOUNT.—The amount of the grant 
for a fiscal year shall be equal to the allocation 
that the local area receives under section 128(b) 
for that fiscal year. 
‘‘(C) PROHIBITION.—The Secretary may 
not reduce the amount that any local area re-
ceives through an allocation under section 
128(b) because local areas described in sub-
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paragraph (A) receive grants under this sub-
section. 
‘‘(2) USE OF FUNDS.—The local area shall use 
the grant funds in accordance with subsection (c), 
after consultation with the innovation center.’’. 
(B) ADULT AND DISLOCATED WORKER EM-
PLOYMENT AND TRAINING ACTIVITIES.—Section 
134 of the Workforce Innovation and Oppor-
tunity Act (29 U.S.C. 3174) is amended by 
adding at the end the following: 
‘‘(e) ADULT AND DISLOCATED WORKER EMPLOY-
MENT
AND TRAINING ACTIVITIES
IN CONSULTATION 
WITH INNOVATION CENTERS.— 
‘‘(1) FUNDING.— 
‘‘(A) IN
GENERAL.—Using funds made 
available under section 136(d), the Secretary 
shall provide a grant to each local area that— 
‘‘(i) is within the area covered by an 
innovation center selected under subsection 
(e) of section 3 of the Innovation Centers 
Acceleration Act; and 
‘‘(ii) the Innovation Center Selection 
Committee established under that section 3 
certifies is working in partnership with 
that innovation center. 
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‘‘(B) AMOUNT.—The amount of the grant 
for a fiscal year shall be equal to the sum of the 
allocations that the local area receives under 
paragraphs (1) and (2) of section 133(b) for 
that fiscal year. 
‘‘(C) PROHIBITION.—The Secretary may 
not reduce the amount that any local area re-
ceives through an allocation under paragraph 
(1) or (2) of section 133(b)(3) because local 
areas described in subparagraph (A) receive 
grants under this subsection. 
‘‘(2) USE OF FUNDS.—The local area shall use 
the grant funds in accordance with subsections (b), 
(c), and (d), after consultation with the innovation 
center.’’. 
(C) 
AUTHORIZATION
OF
APPROPRIA-
TIONS.—Section 136 of the Workforce Innova-
tion and Opportunity Act (29 U.S.C. 3181) is 
amended— 
(i) in subsections (a), (b), and (c), by 
inserting before the first comma the fol-
lowing: ‘‘(except for activities funded from 
amounts appropriated under subsection 
(d))’’; and 
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(ii) by adding at the end the fol-
lowing: 
‘‘(d) WORKFORCE INVESTMENT ACTIVITIES IN CON-
SULTATION WITH INNOVATION CENTERS.—There are au-
thorized to be appropriated to carry out sections 129(d) 
and 134(e) such sums as may be necessary for each fiscal 
year that an innovation center designation is in effect.’’. 
(10) 
ADDITIONAL
STEM
APPRENTICESHIP 
GRANTS.—Section 28 of the Stevenson-Wydler Tech-
nology Innovation Act of 1980 (15 U.S.C. 3723) is 
amended by adding at the end the following: 
‘‘(e) INNOVATION CENTER GRANTS.— 
‘‘(1) DEFINITION
OF
ELIGIBLE
ENTITY.—In 
this subsection, the term ‘eligible entity’ means an 
eligible recipient that is— 
‘‘(A) described in subsection (b)(4); and 
‘‘(B) located within an innovation center. 
‘‘(2) GRANTS
AUTHORIZED.—The Assistant 
Secretary of Commerce for Economic Development 
shall provide to not less than 1 eligible entity located 
in each innovation center a grant to develop infra-
structure to expand STEM apprenticeship programs. 
‘‘(3) AMOUNT; RENEWAL.— 
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‘‘(A) AMOUNT.—The amount of a grant 
under paragraph (2) shall be not more than 
$5,000,000 for each year over a 3-year period. 
‘‘(B) RENEWAL.—The Secretary may pro-
vide an eligible entity that receives a grant 
under paragraph (2) not more than 2 additional 
grants under that paragraph. 
‘‘(4) PREFERENCE.—The Assistant Secretary 
of Commerce for Economic Development shall give 
preference for a grant under this subsection to an el-
igible entity with demonstrated success of admin-
istering apprenticeship and other workforce develop-
ment models and that demonstrates a commitment 
to serving individuals— 
‘‘(A) from underrepresented populations; 
or 
‘‘(B) who face barriers to employment, in-
cluding— 
‘‘(i) long-term unemployment; 
‘‘(ii) past incarceration; or 
‘‘(iii) veteran or disability status. 
‘‘(f) AUTHORIZATION OF APPROPRIATIONS.—There 
are authorized to be appropriated to carry out this section 
$50,000,000 for each of fiscal years 2023 through 2031.’’. 
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(11) NATIONAL
INSTITUTES
OF
HEALTH
RE-
SEARCH FUNDING.— 
(A) FUNDING GOAL.—The Director of the 
National Institutes of Health shall pursue a 
goal of awarding through a rigorous selection 
process and subject to peer review, for each in-
novation center that gets its designation re-
newed continually for 3 terms, a total of 
$1,250,000,000 in meritorious research awards 
in priority areas of biomedical science to enti-
ties located in that innovation center by the end 
of the 9th year of the designation of that inno-
vation center, by proportionally increasing the 
total amount of the grants, contracts, or other 
transactions awarded in each innovation center 
each year over the 9-year period. 
(B) ADDITIONAL
FUNDING.—In addition 
to awarding grants, contracts, or other trans-
actions in pursuit of the goal described in sub-
paragraph (A), the Director of the National In-
stitutes of Health shall award grants— 
(i) with a focus on universities or 
other research institutions that commit to 
expanding research capabilities aligned 
with industries and technologies and with a 
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preference for universities or institutions 
that are— 
(I) concentrated in an innovation 
center; or 
(II) key to national challenges; or 
(ii) that include industry-university 
research partnership programs. 
(C) TRACKING.—In each year, the Direc-
tor of the National Institutes of Health shall 
track the aggregate amount of grants, con-
tracts, or other transactions awarded by the Di-
rector to entities in that year, disaggregated by 
innovation center. 
(D) AUTHORIZATION OF ADDITIONAL AP-
PROPRIATIONS.—There are authorized to be ap-
propriated to carry out this paragraph, in addi-
tion to amounts that would otherwise be appro-
priated in a year for the National Institutes of 
Health, amounts as follows: 
(i) For fiscal year 2022, $0. 
(ii) 
For 
fiscal 
year 
2023, 
$140,000,000. 
(iii) 
For 
fiscal 
year 
2024, 
$280,000,000. 
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(iv) 
For 
fiscal 
year 
2025, 
$420,000,000. 
(v) 
For 
fiscal 
year 
2026, 
$560,000,000. 
(vi) 
For 
fiscal 
year 
2027, 
$700,000,000. 
(vii) 
For 
fiscal 
year 
2028, 
$840,000,000. 
(viii) 
For 
fiscal 
year 
2029, 
$980,000,000. 
(ix) 
For 
fiscal 
year 
2030, 
$1,120,000,000. 
(x) 
For 
fiscal 
year 
2031, 
$1,260,000,000. 
(c) TAX INCENTIVES.— 
(1) NEW
MARKETS
TAX
CREDIT
ALLOCA-
TIONS.—Subsection (f) of section 45D of the Inter-
nal Revenue Code of 1986 is amended by adding at 
the end the following new paragraph: 
‘‘(4) SPECIAL
ALLOCATION
FOR
INNOVATION 
CENTERS.—In the case of any calendar year begin-
ning after 2021— 
‘‘(A) the limitation under paragraph (1) 
(including in calendar years for which the limi-
tation under paragraph (1) is zero) shall be in-
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creased by $50,000,000 for each metropolitan 
statistical area which is designated as an inno-
vation center under section 3(e) of the Innova-
tion Centers Acceleration Act for such calendar 
year, and 
‘‘(B) the additional limitation under sub-
paragraph (A) shall be divided equally among 
such innovation centers and allocated (as pro-
vided in paragraph (2)) among qualified com-
munity development entities in such innovation 
centers.’’. 
(2) RESEARCH CREDIT.— 
(A) IN
GENERAL.—Section 41 of such 
Code is amended by adding at the end the fol-
lowing new subsection: 
‘‘(i) SPECIAL RULES RELATING
TO INNOVATION 
CENTERS.— 
‘‘(1) IN GENERAL.—In the case of— 
‘‘(A) any qualified research expenses paid 
or incurred for qualified services or qualified re-
search, 
‘‘(B) any basic research payments for basic 
research, and 
‘‘(C) amounts paid or incurred by the tax-
payer in carrying on any trade or business of 
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the taxpayer (including as contributions) to an 
energy research consortium for energy research, 
during the taxable year at a location in a metropoli-
tan statistical area which is an innovation center for 
such taxable year, this section shall be applied as 
provided in paragraphs (2) and (3). 
‘‘(2) CREDIT
RATE.—Subsection (a) shall be 
applied by substituting ‘30 percent’ for ‘20 percent’ 
each place it appears. 
‘‘(3) ALTERNATIVE SIMPLIFIED CREDIT.—Sub-
section (c)(4) shall be applied— 
‘‘(A) by substituting ‘21 percent’ for ‘14 
percent’ in subparagraph (A), and 
‘‘(B) by substituting ‘9 percent’ for ‘6 per-
cent’ in subparagraph (B)(ii). 
‘‘(4) CREDIT
FOR
QUALIFIED
SMALL
BUSI-
NESSES.—In the case of a trade or business located 
primarily within a metropolitan statistical area 
which is an innovation center for the taxable year, 
subsection (h) shall be applied— 
‘‘(A) by substituting ‘$15,000,000’ for 
‘$5,000,000’ in paragraph (3)(A)(i)(I), 
‘‘(B) by substituting ‘8-taxable-year’ for 
‘5-taxable-year’ in paragraph (3)(A)(i)(II), and 
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‘‘(C) 
by 
substituting 
‘$500,000’ 
for 
‘$250,000’ both places it appears in paragraphs 
(4)(B)(i) and (5)(B)(ii). 
‘‘(5) INNOVATION
CENTER.—For purposes of 
this subsection, for any taxable year, the term ‘inno-
vation center’ means a metropolitan statistical area 
with a designation as an innovation center under 
section 3(e) of the Innovation Centers Acceleration 
Act in effect for calendar years beginning in such 
year. 
‘‘(6) TERMINATION.—This subsection shall not 
apply to expenses paid or incurred after December 
31, 2030.’’. 
(B) TRAINING
INCLUDED
AS
RESEARCH 
EXPENSES.— 
(i) IN
GENERAL.—Paragraph (1) of 
section 41(b) of such Code is amended— 
(I) by striking ‘‘and’’ at the end 
of subparagraph (A), 
(II) by striking the period at the 
end of subparagraph (B) and insert-
ing ‘‘, and’’, and 
(III) by adding at the end the 
following new subparagraph: 
‘‘(C) employee training expenses.’’. 
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(ii) 
EMPLOYEE
TRAINING
EX-
PENSES.—Subsection (b) of section 41 of 
such Code is amended— 
(I) by redesignating paragraph 
(4) as paragraph (5), and 
(II) by inserting after paragraph 
(3) the following new paragraph: 
‘‘(4) EMPLOYEE TRAINING EXPENSES.— 
‘‘(A) IN
GENERAL.—The term ‘employee 
training expenses’ means any wages paid or in-
curred to an employee in connection with train-
ing for the employee to perform qualified serv-
ices described in clause (i) or (ii) of paragraph 
(2)(B). Such term does not include wages paid 
or incurred in connection with general employer 
training which does not specifically pertain to 
such qualified services. 
‘‘(B) WAGES, ETC.—For purposes of this 
paragraph— 
‘‘(i) IN GENERAL.—The term ‘wages’ 
shall not include any amount taken into 
account under paragraph (2)(A)(i). 
‘‘(ii) RULES.—The rules of paragraph 
(2)(D) shall apply. 
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‘‘(C) TERMINATION.—The term ‘employee 
training expenses’ does not include any wages 
paid or incurred after December 31, 2030.’’. 
(C) EFFECTIVE DATE.—The amendments 
made by this paragraph shall apply to taxable 
years beginning after December 31, 2021. 
(d) REGULATORY MODERNIZATION.— 
(1) DEFINITION.—In this paragraph, the term 
‘‘startup’’ means a small business concern (as de-
fined in section 3(a) of the Small Business Act (15 
U.S.C. 632(a))) that— 
(A) has been in existence for less than 3 
years; and 
(B) has annual average gross receipts of 
less than $3,000,000. 
(2) 
REQUIREMENT.—Notwithstanding 
any 
other provision of law, in the case of a startup that 
is operating within an innovation center, any re-
quirement related to a Federal grant that prohibits 
the use of university laboratory or other research as-
sets purchased or supposed by the grant from being 
used for commercial purposes for an initial time pe-
riod shall be waived. 
(e) BUSINESS ACCESS TO CAPITAL.— 
(1) INNOVATION CENTER DEBENTURES.— 
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(A) IN
GENERAL.—Section 303 of the 
Small Business Investment Act of 1958 (15 
U.S.C. 683) is amended by adding at the end 
the following: 
‘‘(l) INNOVATION CENTER DEBENTURES.—In addi-
tion to any other authority under this Act, on and after 
the first day of the first fiscal year beginning after the 
date of enactment of this subsection, a small business in-
vestment company may issue innovation center deben-
tures.’’. 
(B) DEFINITIONS.—Section 103 of the 
Small Business Investment Act of 1958 (15 
U.S.C. 662) is amended— 
(i) in paragraph (19), by striking 
‘‘and’’ at the end; 
(ii) in paragraph (20), by striking the 
period at the end and inserting a semi-
colon; and 
(iii) by adding at the end the fol-
lowing: 
‘‘(21) the term ‘innovation center debenture’ 
means a deferred interest debenture that— 
‘‘(A) is issued at a discount; 
‘‘(B) has a 5-year maturity or a 10-year 
maturity; 
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‘‘(C) requires no interest payment or an-
nual charge for the first 5 years; 
‘‘(D) is restricted to companies located 
within an innovation center, as defined in sec-
tion 2 of the Innovation Centers Acceleration 
Act; and 
‘‘(E) is issued at no cost (as defined in 
section 502 of the Credit Reform Act of 1990 
(2 U.S.C. 661a)) with respect to purchasing 
and guaranteeing the debenture; and 
‘‘(22) the term ‘innovation center startup’ 
means any company that— 
‘‘(A) is primarily located within an innova-
tion center (as defined in section 2 of the Inno-
vation Centers Acceleration Act); 
‘‘(B) is innovation- or technology-oriented; 
and 
‘‘(C) has been in existence for less than 5 
years.’’. 
(C) EXEMPTION FROM CAPITAL REQUIRE-
MENTS.—Section 301(c) of the Small Business 
Investment Act of 1958 (15 U.S.C. 681(c)) is 
amended by adding at the end the following: 
‘‘(5) EXCEPTION FOR APPLICATIONS LOCATED 
IN INNOVATION CENTERS.—An applicant that is lo-
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cated in an innovation center (as defined in section 
2 of the Innovation Centers Acceleration Act) and 
that does not satisfy the requirements of section 
302(a) shall be limited to 1 tier of leverage available 
under section 302(b) until the applicant meets the 
requirements of section 302(a).’’. 
(2) 7(a) LOAN
FINANCING
FOR
INNOVATION 
CENTER STARTUPS.— 
(A) LOAN
GUARANTEE
PERCENTAGE.— 
Section 7(a)(2) of the Small Business Act (15 
U.S.C. 636(a)(2)) is amended— 
(i) in subparagraph (A), in the matter 
preceding clause (i), by striking ‘‘and (F)’’ 
and inserting ‘‘(F), and (G)’’; and 
(ii) by adding at the end the fol-
lowing: 
‘‘(G) PARTICIPATION
FOR
INNOVATION 
CENTER STARTUPS.— 
‘‘(i) DEFINITION.—In this subpara-
graph, the term ‘innovation center startup’ 
means any small business concern that— 
‘‘(I) is primarily located within 
an innovation center (as defined in 
section 2 of the Innovation Centers 
Acceleration Act); 
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‘‘(II) is innovation- or tech-
nology-oriented; and 
‘‘(III) has been in existence for 
less than 5 years. 
‘‘(ii) PARTICIPATION.—In an agree-
ment to participate in a loan on a deferred 
basis under this subsection for an innova-
tion center startup, the participation by 
the Administration shall be 90 percent.’’. 
(B) GUARANTEE
FEE
REDUCTION.—Sec-
tion 7(a)(18) of the Small Business Act (15 
U.S.C. 636(a)(18)) is amended— 
(i) in subparagraph (A), by striking 
‘‘With respect’’ and inserting ‘‘Except as 
provided in subparagraph (C), with re-
spect’’; and 
(ii) by adding at the end the fol-
lowing: 
‘‘(C) INNOVATION
CENTER
STARTUPS.— 
With respect to a loan guaranteed under this 
subsection for a small business concern de-
scribed in paragraph (2)(G)(i)— 
‘‘(i) the Administration may not col-
lect a guarantee fee under this paragraph 
for a loan of not more than $350,000; and 
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‘‘(ii) for a loan of more than 
$350,000, the Administration shall collect 
a guarantee fee under this paragraph equal 
to 50 percent of the guarantee fee that the 
Administration would otherwise collect for 
the loan.’’. 
(3) CERTIFIED DEVELOPMENT COMPANY LOANS 
FOR INNOVATION CENTER STARTUPS.— 
(A) MAXIMUM
LOAN
AMOUNT.—Section 
502(2)(A) of the Small Business Investment 
Act of 1958 (15 U.S.C. 696(2)(A)) is amend-
ed— 
(i) in clause (iv), by striking ‘‘and’’ at 
the end; 
(ii) in clause (v), by striking the pe-
riod at the end and inserting ‘‘; and’’; and 
(iii) by adding at the end the fol-
lowing: 
‘‘(vi) $10,000,000 for each project of 
an innovation center startup.’’. 
(B) CONTRIBUTION REQUIREMENT.—Sec-
tion 502(3)(C) of the Small Business Invest-
ment Act of 1958 (15 U.S.C. 696(3)(C)) is 
amended— 
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(i) in clause (iii), by striking ‘‘or’’ at 
the end; 
(ii) by redesignating clause (iv) as 
clause (v); and 
(iii) by inserting after clause (iii) the 
following: 
‘‘(iv) for an innovation startup— 
‘‘(I) at least 5 percent of the 
total cost of the project financed, if 
the innovation startup has been in op-
eration for a period of 2 years or less; 
and 
‘‘(II) at least 5 percent of the 
total cost of the project financed if the 
project involves the construction of a 
limited or single purpose building or 
structure.’’. 
(4) SBA RESOURCES.— 
(A) IN
GENERAL.—The Small Business 
Administration shall provide innovation center 
startups (as defined in section 7(a)(2)(G) of the 
Small Business Act (15 U.S.C. 636(a)(2)(G))) 
access to financing resources of the Administra-
tion and assist those startups in navigating the 
application process. 
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(B) 
AUTHORIZATION
OF
APPROPRIA-
TIONS.—There is authorized to be appropriated 
to 
the 
Small 
Business 
Administration 
$2,500,000 for fiscal year 2022 and every fiscal 
year thereafter to carry out subparagraph (A). 
(f) NEIGHBORHOOD, PROPERTY, AND INFRASTRUC-
TURE MODERNIZATION.— 
(1) COMMUNITY DEVELOPMENT BLOCK GRANT 
FUNDING.— 
(A) DEFINITIONS.—In this paragraph— 
(i) the term ‘‘eligible entity’’ means a 
unit of general local government or Indian 
tribe that receives assistance under title I 
of the Housing and Community Develop-
ment Act of 1974 (42 U.S.C. 5301 et 
seq.); 
(ii) the terms ‘‘Indian tribe’’ and 
‘‘unit of general local government’’ have 
the meanings given those terms in section 
102 of the Housing and Community Devel-
opment Act of 1974 (42 U.S.C. 5302); 
(iii) the term ‘‘qualified affordable 
housing’’ means a housing development 
that consists of 5 or more dwelling units of 
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which 20 percent or more are made avail-
able— 
(I) for rental only by a low-in-
come family (as defined in section 
3(b) of the United States Housing Act 
of 1937 (42 U.S.C. 1437a(b))); 
(II) at a monthly rent amount 
that does not exceed 30 percent of the 
monthly adjusted income (as defined 
in such section 3(b)) of the tenant 
low-income family; and 
(III) maintains affordability for 
residents who are low-income families 
for a period of not less than 30 years; 
and 
(iv) the term ‘‘Secretary’’ means the 
Secretary of Housing and Urban Develop-
ment. 
(B) FUNDING.— 
(i) IN GENERAL.—The Secretary shall 
provide a grant to each eligible entity 
that— 
(I) is within the area covered by 
an innovation center; and 
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(II) the Committee certifies is 
working in partnership with that inno-
vation center. 
(ii) AMOUNT.—The amount of a grant 
provided to an eligible entity under clause 
(i) for a fiscal year shall be equal to the 
allocation that the eligible entity receives 
under title I of the Housing and Commu-
nity Development Act of 1974 (42 U.S.C. 
5301 et seq.) for that fiscal year. 
(iii) 
PROHIBITION.—The 
Secretary 
may not reduce the amount that any eligi-
ble entity receives under title I of the 
Housing and Community Development Act 
of 1974 (42 U.S.C. 5301 et seq.) because 
eligible entities receive grants under this 
subparagraph. 
(C) USE
OF
FUNDS.—An eligible entity 
shall use grant funds provided under subpara-
graph (B) for the development and preservation 
of qualified affordable housing, including the 
construction of such housing, within the area 
covered by an innovation center, in accordance 
with title I of the Housing and Community De-
velopment Act of 1974 (42 U.S.C. 5301 et seq.) 
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and after consultation with the innovation cen-
ter. 
(D) 
AUTHORIZATION
OF
APPROPRIA-
TIONS.—There are authorized to be appro-
priated such sums as may be necessary to carry 
out this paragraph for each fiscal year in which 
an innovation center designation is in effect. 
(2) INFRASTRUCTURE FINANCING.— 
(A) BUILD GRANTS.— 
(i) 
DEFINITION
OF
BUILD
PRO-
GRAM.—In this subparagraph, the term 
‘‘BUILD program’’ means the program for 
national infrastructure investments (com-
monly known as the ‘‘Better Utilizing In-
vestments 
to 
Leverage 
Development 
(BUILD) discretionary grant program’’) of 
the Department of Transportation. 
(ii) AUTHORIZATION
OF
APPROPRIA-
TIONS.—There is authorized to be appro-
priated to the Secretary of Transportation 
$300,000,000 for each of fiscal years 2023 
through 2033 to carry out projects under 
the BUILD program in innovation centers. 
(iii) SUPPLEMENT, NOT SUPPLANT.— 
Amounts authorized to be appropriated 
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under clause (ii) shall supplement and not 
supplant any other amounts authorized to 
be appropriated for the BUILD program. 
(B) INFRA GRANTS.— 
(i) AUTHORIZATION
OF
APPROPRIA-
TIONS.—There is authorized to be appro-
priated to the Secretary of Transportation 
$300,000,000 for each of fiscal years 2023 
through 2033 to carry out projects under 
the nationally significant freight and high-
way projects program under section 117 of 
title 23, United States Code, in innovation 
centers. 
(ii) SUPPLEMENT, NOT SUPPLANT.— 
Amounts authorized to be appropriated 
under clause (i) shall supplement and not 
supplant any other amounts authorized to 
be appropriated for the nationally signifi-
cant freight and highway projects program 
under section 117 of title 23, United 
States Code. 
(C) TIFIA PROGRAM.— 
(i) 
LINES
OF
CREDIT.—Section 
604(b)(2) of title 23, United States Code, 
is amended— 
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(I) by striking ‘‘The total’’ and 
inserting the following: 
‘‘(A) IN GENERAL.—Except as provided in 
subparagraph (B), the total’’; and 
(II) by adding at the end the fol-
lowing: 
‘‘(B) PROJECTS
IN
INNOVATION
CEN-
TERS.—In the case of a project in an innova-
tion center (as defined in section 2 of the Inno-
vation Centers Acceleration Act), the total 
amount of a line of credit under this section 
shall not exceed 49 percent of the reasonably 
anticipated eligible project costs.’’. 
(ii) FEE
WAIVER.—Section 605 of 
title 23, United States Code, is amended 
by adding at the end the following: 
‘‘(g) PROJECTS IN INNOVATION CENTERS.—Notwith-
standing any other provision of this chapter, in the case 
of a project in an innovation center (as defined in section 
2 of the Innovation Centers Acceleration Act), the Sec-
retary shall not require the payment of any fees under 
section 603(b)(7), section 604(b)(9), or subsection (b).’’. 
Æ 
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