Technology Extension Act of 2001

Technology Extension Act of 2001 - Directs the Secretary of Commerce to provide financial assistance, through grants, for the establishment and support of regional centers for the commercial use of advanced technologies by small- and medium-sized businesses. Allows a regional center to use grant proceeds to: (1) assist such businesses in addressing their most critical needs for the application of the latest technology, improvement of infrastructure, and use of best business practices; and (2) transfer technologies to such businesses in the region in order to create jobs and increase production.