While headlines focused on semiconductors, the CHIPS and Science Act also contains major place-based provisions that could transform rural economies. From the $1 billion Recompete Pilot Program to investments in regional tech hubs and rural STEM education, the law creates opportunities for distressed rural communities to reimagine their economic futures. Brookings’ Anthony Pipa and Zoe Swarzenski argue that thoughtful implementation—grounded in equity, flexibility, and local leadership—will be key to ensuring rural places share in the benefits of the innovation economy. At Aspen CSG, we see this as an example of how policy can align with community-driven development, meeting rural people where they are while investing in their long-term prosperity.
The Potential of the CHIPS and Science Act for Rural America
