Innovation Centers Acceleration Act

Bill: 116-hr-8745
Sponsor: Rep. Morelle, Joseph D. [D-NY-25]
Introduced: 2020-11-12 in the House
Policy area: Commerce
Subjects: Advanced technology and technological innovations
Agricultural practices and innovations
Aviation and airports
Business investment and capital
Competitiveness, trade promotion, trade deficits
Computers and information technology
Education programs funding
Employment and training programs
Government lending and loan guarantees
Health programs administration and funding
Health technology, devices, supplies
Higher education
Housing and community development funding
Income tax credits
Infrastructure development
Labor and Employment
Manufacturing
Medical research
Minority and disadvantaged businesses
Minority education
Minority employment
Public-private cooperation
Research administration and funding
Research and development
Roads and highways
Securities
Small business
Spacecraft and satellites
Student aid and college costs
Transportation programs funding
Unemployment
Wages and earnings

Summary:
action_date: 2020-11-12
text: 

Innovation Centers Acceleration Act

 
This bill provides a program to advance economic development by designating nine cities as innovation centers&#8212;increasing funding for research and development&#8212;and providing and modifying certain related grants. It also establishes the Innovation Center Selection Committee to designate these cities.
 
The innovation center designation entitles participating cities&#8212;and the businesses, research institutions, and other organizations that operate within them&#8212;to various federal funding and benefits for research activities, business and workforce development, and transportation infrastructure projects. 
 
These benefits include expanding various tax credits and incentives for businesses. The bill also makes it easier for those businesses to access loans and other financial instruments to raise capital. 
 
In addition, the bill establishes a grant program for local and tribal governments that partner with innovation centers to develop and preserve affordable housing. It also modifies existing grants, loans, and other programs that support transportation infrastructure to specifically target initiatives in innovation centers.


Legislative actions:
action_date: 2020-11-13
text: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
action_date: 2020-11-12
text: Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-11-12
text: Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-11-12
text: Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-11-12
text: Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-11-12
text: Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-11-12
text: Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-11-12
text: Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Small Business, Education and Labor, Energy and Commerce, Transportation and Infrastructure, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2020-11-12
text: Introduced in House
action_date: 2020-11-12
text: Introduced in House