United States · Bill · S
S. 871 (117th)
Innovation Centers Acceleration Act
Introduced
18 March 2021
Last action
18 March 2021 · Introduced
Status
Read twice and referred to the Committee on Finance.
Sponsors
Christopher Coons, Richard Durbin
Subjects
Housing, Transport, Taxation
Source updated
5 December 2025
Housing · Transport · Taxation
Summary
Innovation Centers Acceleration Act This bill establishes a program to advance economic development by designating nine cities as innovation centers and providing and modifying certain related grants. It also establishes the Innovation Center Selection Committee to designate these cities. The innovation center designation entitles selected cities—and the businesses, research institutions, and other organizations that operate within them—to various federal funds 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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
18 March 2021
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
18 March 2021
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 18 March 2021 · Official file
Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 18 March 2021
Introduced in Senate (PDF)
Introduced in Senate · EN · 18 March 2021
Introduced in Senate
summary · EN · 18 March 2021
Sponsors
- Christopher Coons · D · Sponsor
- Richard Durbin · D · Sponsor
- · ssfi00 · Standing
Related records
- related to → Innovation Centers Acceleration Act
- related to ← Innovation Centers Acceleration Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/871
- Open data entity: https://api.congress.gov/v3/bill/117/s/871
- us · 117-s-871 · source updated 5 December 2025