New bills in the U.S. House to support research parks, seed funds; latest EDA thoughts on regional innovation clusters

Recent bill introductions in the House of interest to the business incubation community are:

  • H.R. 4413, counterpart to S. 583, would authorize the U.S. Economic Development Administration (EDA) to provide grants and loan guarantees for planning and construction of research parks;
  • H.R. 3738 would authorize the Small Business Administration (SBA) to establish a program through which SBA would help capitalize funds that make early-stage investments in targeted technology industries.

The Obama administration has not endorsed either bill, but to view the administration’s latest thoughts on the role of incubators in regional innovation clusters, see the recent Chicago speech of Assistant Secretary of Commerce for Economic Development John Fernandez.

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