Build to Scale Reauthorization Act of 2026

The Build to Scale Reauthorization Act of 2026 extends federal funding for the Regional Innovation Program through fiscal year 2030, providing up to $50 million annually to support economic development in specific areas. The bill defines eligible partners as state or nonprofit organizations that offer direct financing, commercialization services, and entrepreneurial support to local businesses. It mandates that the federal government contribute no more than 50 percent of project costs, with an additional 40 percent available based on regional needs, and requires outreach to rural communities and areas facing economic distress. Additionally, the legislation allows agencies to use unspent funds from previous years and updates the program's focus to include specific initiatives aimed at accelerating innovation.