As part of the Biden administration’s Investing in America agenda, the U.S. Department of Commerce has identified 31 regional centers primed for technological innovation and job creation.
The U.S. Department of Commerce’s Economic Development Administration (EDA) announced the designation of 31 Tech Hubs in regions across the country. This is the first phase of the new Tech Hubs program, which is an economic development initiative designed to drive regional innovation and job creation by strengthening a region’s capacity to manufacture, commercialize, and deploy technology that will advance American competitiveness. The program invests directly in burgeoning, high-potential U.S. regions and aims to transform them into globally competitive innovation centers.
Tech Hubs were authorized by the bipartisan CHIPS and Science Act, a key part of President Biden’s Investing in America agenda.
These Tech Hubs are located across 32 states and Puerto Rico and represent a cross-section of urban and rural regions. Designation is an endorsement of the region’s plans to supercharge their respective technological industries to create jobs, strengthen U.S. competitiveness, and protect national security. The Tech Hubs focus on industries ranging from autonomous systems, quantum computing, biotechnology, precision medicine, clean energy advancement, semiconductor manufacturing, among others.
Under the second Tech Hubs Notice of Funding Opportunity, these designated Tech Hubs will become eligible to apply to receive between $40 million and $70 million each for implementation funding, totaling nearly $500 million.
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