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1 month ago | 
brookings.edu | Owen Washburn |Ryan Donahue |Mayu Takeuchi |Joseph Parilla
Between 2021 and 2022, the 117th Congress passed a series of laws totaling nearly $3.8 trillion: the American Rescue Plan Act (ARPA), Infrastructure Investment and Jobs Act (IIJA), CHIPS and Science Act (CHIPS), and Inflation Reduction Act (IRA).
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2 months ago | 
brookings.edu | Glencora Haskins |Joseph Parilla
Home Southeastern Pennsylvania needs more quality jobs to seize its full economic potential Generating over $355 billion in annual output, Southeastern Pennsylvania –which spans Philadelphia, Chester, Delaware, Montgomery, and Bucks counties—is among the nation’s largest and most influential regional economies.
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Mar 13, 2025 | 
brookings.edu | Glencora Haskins |Joseph Parilla
Editor's note: This analysis accompanies Metro Monitor 2025, a data interactive that provides decisionmakers in the nation’s 195 largest metro areas with a roadmap to understand how their individual places performed during this period.
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Oct 16, 2024 | 
msn.com | Josh Carpenter |Joseph Parilla
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Oct 16, 2024 | 
thehill.com | Josh Carpenter |Joseph Parilla
Even during this tense election year, bipartisan coalitions are taking steps to enhance national security, protect American-owned intellectual property and secure the country’s supply chain by lessening the nation’s dependence on biotechnology companies linked to the Chinese Communist Party. In September, the House passed the BIOSECURE Act, with significant support from both parties.
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Oct 16, 2024 | 
finance.yahoo.com | Josh Carpenter |Joseph Parilla
Even during this tense election year, bipartisan coalitions are taking steps to enhance national security, protect American-owned intellectual property and secure the country’s supply chain by lessening the nation’s dependence on biotechnology companies linked to the Chinese Communist Party. In September, the House passed the BIOSECURE Act, with significant support from both parties.
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Oct 6, 2024 | 
brookings.edu | Mark Muro |Joseph Parilla
The watershed legislation of the Biden years continues to loom large as the Biden administration winds down. Most conspicuously, the administration’s major spending bills—the American Rescue Plan Act (ARPA), the Infrastructure Investment and Jobs Act (IIJA), the Chips and Science Act, and the Inflation Reduction Act (IRA)—stand out for their sheer size. Together, the bills loom historically large and account for some $3.8 trillion in outlays aimed at modernizing the U.S. economy.
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Jul 19, 2024 | 
brookings.edu | Mayu Takeuchi |Joseph Parilla
Spurred in part by three significant pieces of federal legislation, the U.S. economy is experiencing an investment surge in “strategic sectors” like clean energy, semiconductors and electronics, biomanufacturing, and other advanced industries. Since 2021, companies in these sectors have announced over $525 billion in new investments, a trend that is already having an impact on the broader economy.
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Jul 2, 2024 | 
brookings.edu | Mark Muro |Joseph Parilla |Francesca Ioffreda
Today, after an exhaustive multi-year development and award process, the U.S. Economic Development Administration (EDA) announced implementation awards for the Regional Technology and Innovation Hubs program (Tech Hubs). Starting now, these Hubs are the newest focal points for the nation’s recent efforts to boost high-potential tech clusters in new places.
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Jun 17, 2024 | 
brookings.edu | Mayu Takeuchi |Joseph Parilla
In October 2023, the U.S. Economic Development Administration (EDA) designated 31 Regional Technology and Innovation Hubs (Tech Hubs). This summer, the EDA expects to award implementation grants of $40-$70 million to each of approximately five to ten of these 31 regional coalitions. The goal: grow innovation clusters that enhance national security, improve supply chain resilience, and bolster America’s position as a global leader in technology.
