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Defense makes $238M CHIPS and Science Act awards for eight microelectronics regional innovation hubs

Thursday, September 21, 2023

The Department of Defense announced yesterday that it issued $238 million from "Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act" funding for the establishment of eight Microelectronics Commons (Commons) regional innovation hubs. With $2 billion in funding for Fiscal Years 2023 through 2027, the Microelectronics Commons program aims to leverage these hubs to accelerate domestic hardware prototyping and "lab-to-fab" transition of semiconductor technologies.

  • Read more about Defense makes $238M CHIPS and Science Act awards for eight microelectronics regional innovation hubs

Biden Administration releases executive order regarding future of AI in the US including specific directions for DOE, NSF, DOC and SBA

Thursday, November 2, 2023

The Biden Administration issued an executive order earlier this week that provides guidance on the safe, secure, and trustworthy development and use of Artificial Intelligence (AI) in the U.S. The EO includes guidance for agencies to work to provide new opportunities for small businesses and entrepreneurs in AI and other directives.

  • Read more about Biden Administration releases executive order regarding future of AI in the US including specific directions for DOE, NSF, DOC and SBA

DoD hoping to build microelectronics ecosystem through innovation hubs, seeks public input

Thursday, March 3, 2022

The U.S. Department of Defense is envisioning a public private partnership of regional innovation hubs that would help support and expand the microelectronics industry in the United States.

The U.S. Department of Defense is envisioning a public private partnership of regional innovation hubs that would help support and expand the microelectronics industry in the United States. The Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)) is seeking input from the domestic microelectronics community through a Request for Information it issued last week as it works to “foster a pipeline of innovation ideas and talent residing in university labs and small business R&D teams” through what it is calling a Microelectronics Commons.

  • Read more about DoD hoping to build microelectronics ecosystem through innovation hubs, seeks public input

Massive House innovation bill would fund semiconductor incentives, create tech hubs, NSF directorate

Thursday, January 27, 2022

Earlier this week, House Democrats released its version of a wide-ranging innovation policy bill.

  • Read more about Massive House innovation bill would fund semiconductor incentives, create tech hubs, NSF directorate

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Recent news from the SSTI Digest

Recent Research: What makes place-based economic development policies work?

Wednesday, September 9, 2026
Place-based economic development is back near the center of federal policy, from Opportunity Zones to the CHIPS and Science Act. That renewed attention comes with a familiar problem: decades of enterprise zones, tax incentives, infrastructure investments, and other geographically targeted programs have produced results that are hard to summarize cleanly. In a new NBER working paper, Matthew Freedman and David Neumark ask the better question: not simply whether or not these policies work, but under what conditions they might work, for whom, and why. Their review points to a practical conclusion: policy design matters and targeting a distressed community with development-focused financial incentives is rarely enough on its own.
economic development

A BBBRC grant builds momentum for a highly trained semiconductor workforce

Wednesday, September 9, 2026
For the civic leaders of Osceola County, the Great Recession of 2008 made clear that they could not base their economy so heavily on travel and tourism. By the time COVID-19 hit in 2020, they knew the steps they had taken to diversify their economy were the right ones. When the Build Back Better Regional Challenge (BBBRC) opportunity arose in 2021, the county and its partners were well-positioned to operationalize the benefits the grant presented to the region and create a trained workforce for a recently attracted semiconductor industry. How did Osceola County get here? There are potential approaches to emulate by more areas of the county dependent on low-wage sectors like tourism or, for that matter, extraction-focused regions subject to “boom and bust.” 
semiconductors
workforce

The impact of tax incentives on early-stage company investment varies

Wednesday, September 9, 2026
One persistent question in economic development policy is how incentives impact private sector investment decisions. Recent and ongoing research from Murillo Campello and Guilherme Junqueira of the University of Florida, published in the National Bureau of Economic Research working paper series, explores the impact of the Qualified Small Business Stock (QSBS) program on venture capital risk-taking. The researchers found that the availability of QSBS tax benefits strongly influences venture capital investment behavior, specifically in traditionally structured venture capital funds. They also found no similar behavior among angel or corporate investors, an insight that may hold important program design and policy lessons for the TBED community. 
tax incentives
investing
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