Technology Coalitions Strategic Support Fund.
HB 723 establishes the North Carolina Technology Coalitions Strategic Support Fund, allocating $10.5 million to support regional technology coalitions focused on sectors like AI, semiconductors, and cybersecurity. The fund provides grants to eligible organizations (including nonprofits, local governments, and academic institutions) operating within North Carolina to strengthen regional economic growth through coalition collaboration. Key provisions include funding for workforce training, market analysis, and matching funds to leverage private or federal investment, while requiring grantees to maintain operations in-state and avoid duplicate funding. The fund becomes effective July 1, 2025, with administration managed by the Department of Commerce’s Office of Science, Technology, and Innovation.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 2, 2025
Last action Apr 3, 2025
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What changed between versions
Filed
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Edition 1
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3 edits
MINOR
The bill was reformatted from a filed draft to an official edition with updated metadata, including new co-sponsors and a revised bill number. The substantive policy content regarding the Technology Coalitions Strategic Support Fund remains unchanged, with no modifications to eligibility criteria, funding amounts, or program requirements.
TECHNICAL
Header information was updated to reflect the official bill number H723-v-1 and added co-sponsors (Representatives Ross, Belk, and Reives) to the sponsor list.
Date references were updated from April 2, 2025 to April 3, 2025 in the referral section.
Page numbering and formatting were adjusted to align with official legislative edition standards, including renumbering of line items in the main text.
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Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Apr 3, 2025
Committee
Ref to the Com on Appropriations, if favorable, Rules, Calendar, and Operations of the House
lower
Apr 2, 2025
Introduced
Filed
lower
3 primary · 7 co-sponsors
Sponsors
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