1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Regional Technology and Innovation Hubs: An Overview and Issues for Congress May 10, 2022 Congress is considering the establishment of a new regional technology and innovation hub program in U.S. competition legislation. T
2、he House and Senate are reconciling H.R. 4521, the America COMPETES Act of 2022, as agreed to by the House on February 4, 2022, with the version 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 A
3、ct. 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
4、features of the proposed programincluding differences in the House and Senate bills; and highlights potential considerations for Congress. Background For decades state, local, and regional stakeholders have pursued cross-sector, multidisciplinary approaches to economic development by facilitating in
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