The US is getting dozens of new "Tech Hubs" to boost jobs, innovation and manufacturing

Date:
Tue, 24 Oct 2023 14:14:38 +0000

Description:
Biden-Harris administration continues to invest in America with new Tech Hub designations

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The Biden-Harris administration has continued expanding its Investing in America incentive by designating a number of new " Tech Hubs " that can act
as central areas for innovation and expansion in the technology industry.

The regions were selected across 32 states and Puerto Rico, and were designated after being recognised as having high-potential.

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 act put in place to boost manufacturing and research surrounding semiconductors - authorized the incentive as part of the Biden-Harris administration's plans to invest in domestic industry.

These 31 designations were selected from 400 applications made by local governments, labor and workforce partners, and industry associations who submitted plans for enhancing industry in their respective regions.

Assistant Secretary of Commerce for Economic Development, Alejandra Y. Castillo, said, These outstanding Tech Hubs Designees exemplify place-based economic development strategies at their best: combining federal resources with regional assets, expertise, and coalitions to implement transformational opportunities. As each region develops its own strategy to catalyze
innovation and job creation, the entire nation grows more secure and more competitive.

The 31 Tech Hub regions were 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 boost planning and coordination
for prospective Tech Hub regions.

Innovation, cutting-edge research, and creativity can be found in every community across America. Thanks to President Bidens Investing in America Agenda, the Tech Hubs program is seizing that potential and investing in regional consortia that will boost U.S. manufacturing, create more
good-paying jobs and bolster U.S. global competitiveness, said Deputy Secretary of Commerce Don Graves. More from TechRadar Pro Much of Europe is falling behind on offering high-speed connectivity Could AI actually lead to more human jobs at your business? These are the best hybrid working tech
tools around today



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Link to news story: https://www.techradar.com/pro/the-us-is-getting-dozens-of-new-tech-hubs-to-boo st-jobs-innovation-and-manufacturing


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