WASHINGTON—Over the past twenty years, technological innovation has mainly been concentrated in traditional tech hubs like California, New York, and Massachusetts. The Biden administration is now looking to broaden this potential, providing smaller tech hubs across the country with more opportunities to grow.
As part of the effort, the administration on July 2 announced $504 million in funding for 12 regional tech hubs to support the growth of critical technologies and sectors such as semiconductors, biotechnology, artificial intelligence, quantum computing, and clean energy.
“These Tech Hubs will give regions across our nation the resources and opportunities necessary to lead in the economy of tomorrow while creating good-paying jobs for American workers,” Vice President Kamala Harris said in a statement.
The U.S. Department of Commerce received nearly 400 applications for the fund last year.
In October 2023, the administration announced the designation of 31 tech hubs in 32 states and Puerto Rico, which was the first phase of funding authorized by President Biden’s CHIPS and Science Act.
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Biden Administration Invests $504 Million in 12 Tech Hubs Nationwide
- by: Emel Akan
- 07.02.24
- Source:
The Epoch Times
- 07/02/2024
Gina Raimondo by Walter Duerst is licensed under flickr https://creativecommons.org/licenses/by-nc-sa/2.0/
Gina Raimondo by Walter Duerst is licensed under flickr https://creativecommons.org/licenses/by-nc-sa/2.0/
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