The US is getting dozens of new
The Biden-Harris administration has continued to expand its Invest in America stimulus by designating a number of new Invest in AmericaTech hubs” that can act as central areas for innovation and expansion in the technology industry.
The regions were selected in 32 states and Puerto Rico, and were designated after being recognized as “high potential” regions.
These high-potential regions are investing heavily in their specialized industries, which range from quantum computing and autonomous systems to precision medicine and clean energy.
Investing in America
The CHIPS and Science Act (Creating Helpful Incentives to Produce Semiconductors) – a bipartisan bill introduced to boost semiconductor manufacturing and research – authorized the incentive as part of the Biden-Harris administration’s plans to boost domestic industry to invest.
These 31 designations were selected from 400 applications from local governments, labor and employment partners and industry associations that submitted plans to strengthen the industry in their respective regions.
Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo said, “These outstanding Tech Hubs designers exemplify place-based economic development strategies at their best: combining federal resources with regional resources, expertise and coalitions to create transformational opportunities implement. As each region develops its own strategy to catalyze innovation and job creation, the entire country will become safer and more competitive.”
The 31 Tech Hub regions have been selected as part of ‘Phase 1’ of the programme. Strategy Development Grants were also awarded by the Economic Development Administration (EDA) to 29 regions to help spur planning and coordination for future Tech Hub regions.
“Innovation, cutting-edge research and creativity can be found in every community across America. “Thanks to President Biden’s Investing in America Agenda, the Tech Hubs program is harnessing that potential and investing in regional consortia that will boost American manufacturing, create more good-paying jobs and strengthen America’s global competitiveness,” said Deputy Secretary of Commerce Don Graves.