Title 15 › CHAPTER 63 — TECHNOLOGY INNOVATION › § 3722a
Creates a federal program to help regions build technology and innovation “hubs.” The Commerce Department will run the program through its economic development office and standards office. The program gives two kinds of awards: strategy development grants to help groups plan, and strategy implementation grants to help hubs put plans into action. The law uses a competitive review to pick winners and aims to name at least 20 hubs (and may add 2 more) while making sure picks come from different places and kinds of communities. The program supports workforce training, business and entrepreneur help, technology development and testing, and building facilities and site connections (roads, water, broadband, etc.). Grants can pay for planning, partnerships, training, equipment, incubators, and access to capital. Recipients must report results, meet performance measures, and the program will share best practices and coordinate with other federal programs. Short one-line definitions: "appropriate committees of Congress" — the listed Senate and House committees; "cooperative extension services" — local extension programs; "site connectivity infrastructure" — driveways and hookups for water, sewer, broadband, etc.; "venture development organization" — as defined elsewhere in law; "community development financial institution" — as defined in law; "minority depository institution" — banks or credit unions serving minority communities; "low population State" — a State with no urbanized area over 250,000 people; "small and rural community" — noncore, micropolitan, or a metro area with 250,000 people or fewer. Key numbers and rules: the Secretary will try to fund at least 60 strategy development grants. Initial implementation grants are capped at $150,000,000 each, and no single hub may get more than 10 percent of total implementation funds after renewals. Federal cost-share limits: development grants generally cover up to 80% (up to 90% for consortia serving small/rural or underserved areas; up to 100% if led by a Tribal government). For implementation, federal support may not exceed 90% of operating costs in the first period (100% for Tribal-led hubs) and generally not more than 75% in later periods (90% for small/rural or underserved hubs; 100% for Tribal-led). Exact funding authorized: $50,000,000 for development 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.
Full Legal Text
Commerce and Trade, Source: USLM XML via OLRC
Legislative History
Reference
Citation
15 U.S.C. § 3722a
Title 15, Commerce and Trade
Last Updated
Sep 23, 2026
Release point: 119-110