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Code · BILL · 118th Congress · S. 3785 (Introduced in Senate) — To support rural coastal and maritime economic development, and for other purposes. · Sec. 503

Sec. 503. Grants for Ocean Innovation Clusters

296 words·~1 min read·/bill/118/s/3785/is/section-503

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The Stevenson-Wydler Technology Innovation Act of 1980 ( 15 U.S.C. 3701 et seq. ) is amended by adding at the end the following: The Secretary, in consultation with the Director of Sea Grant, the Assistant Secretary of Commerce for Oceans and Atmosphere, and the Assistant Secretary of Commerce for Economic Development, may award grants, on a competitive basis, to Ocean Innovation Clusters for the purposes described in subsection (b). The Secretary may award grants under subsection
(a)for the operation and administration of one or more Ocean Innovation Clusters under section 502 of the Working Waterfronts Act of 2024 , with the goal that Ocean Innovation Clusters will become membership-based, self-sustaining entities. In awarding a grant under subsection (a), the Secretary shall provide an opportunity for input from the Director of Sea Grant, the Assistant Secretary of Commerce for Oceans and Atmosphere, and the Assistant Secretary of Commerce for Economic Development. The term of a grant awarded under subsection
(a)shall be 2 years. The Secretary may renew a grant awarded under subsection
(a)for additional periods of such duration as the Secretary determines to be appropriate and necessary for the Ocean Innovation Cluster that received the grant to provide regional economic benefits. A grant awarded under subsection
(a)may not exceed $10,000,000. There is authorized to be appropriated to the Secretary to award grants under subsection
(a)$10,000,000 for each of fiscal years 2025 through 2029. In this section: The term Director of Sea Grant means the Director of the National Sea Grant College Program appointed under section 204(d)(1) of the National Sea Grant College Program Act ( 33 U.S.C. 1123(d)(1) ). The term Ocean Innovation Cluster has the meaning given that term in section 501 of the Working Waterfronts Act of 2024 . .
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Sec. 503
Grants for Ocean Innovation Clusters
U.S.C.§ 3701
U.S.C.§ 1123
Cites 2Cited by 0 across 0 sources
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