The Biden administration announced $504 million in funding Tuesday for 12 out of 31 Regional Technology and Innovation Hubs to begin implementing programs to advance science and technology projects.
“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,” said Vice President Kamala Harris in a statement.
Last year, the Department of Commerce’s Economic Development Administration designated 31 regions to participate in their Tech Hub program. The program received nearly 400 applications aimed toward creating jobs and driving innovation in areas of technology that will advance American competitiveness. Regions consist of partnerships between governments and private organizations. They focus on industries like clean energy advancement and semiconductor manufacturing.
As a part of Phase 2 of the Tech Hub program, these regions were eligible to apply for additional funding. The most competitive applications described concrete ways to produce technology products to capture global market share and create high-quality jobs, a Department of Commerce official told POLITICO’s E&E News.
