Title 15 › Chapter CHAPTER 63— - TECHNOLOGY INNOVATION › § 3722a
The Secretary of Commerce must run a program that picks and funds regional technology and innovation hubs. The program awards competitive grants to groups that make plans (strategy grants) and to hubs that carry out those plans (implementation grants). The program must promote U.S. leadership in key technologies, help local economies (including small towns and rural areas), help underserved communities, grow domestic manufacturing and jobs, and speed the move of research into real products. The department must use a merit-based competition, aim to pick at least 20 hubs with geographic and demographic diversity, and try to fund at least 60 planning consortia. Implementation grants can pay for workforce training, business and entrepreneur support, technology testing and scale-up, and building needed facilities and site infrastructure. Initial implementation awards must be at least 2 years and no more than $150,000,000; renewals are allowed if performance is good. The rules limit how much federal money each hub can get relative to its costs, allow higher federal shares for small, rural, underserved, or Tribal-led hubs, require performance metrics and regular reporting, and authorize specific funding amounts: $50,000,000 for planning grants for FY2023–2027, $2,950,000,000 for implementation grants for FY2023–2024, and $7,000,000,000 for implementation grants for FY2025–2027. The Secretary may use some of the money to pay program administration costs. Defined terms (one line each): appropriate committees of Congress — the named Senate and House committees that get reports; cooperative extension services — local extension programs tied to agriculture and education; site connectivity infrastructure — local roads, water, sewer, broadband, and hookups for a new facility; venture development organization — an organization that helps start and grow new companies; community development financial institution — a specialized local financial institution; minority depository institution — a bank or credit union that serves minority communities; low population State — a State without any urbanized area over 250,000 people; small and rural community — a noncore, micropolitan, or small metro area with 250,000 people or fewer.
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Commerce and Trade — Source: USLM XML via OLRC
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Citation
15 U.S.C. § 3722a
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73