The program is part of an effort to encourage the development of technology centers outside of Silicon Valley.
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TheprogramispartofanefforttoencouragethedevelopmentoftechnologycentersoutsideofSiliconValley.
WASHINGTON—Overthepast20years,technologicalinnovationhasmainlybeenconcentratedintraditionaltechhubssuchasCalifornia,NewYork,andMassachusetts.TheBidenadministrationisnowlookingtobroadenthispotential,providingsmallertechhubsacrossthecountrywithmoreopportunitiestogrow.
Aspartoftheeffort,onJuly2,theadministrationannounced$504millioninfundingfor12regionaltechhubstosupportthegrowthofcriticaltechnologiesandsectorssuchassemiconductors,biotechnology,artificialintelligence,quantumcomputing,andcleanenergy.
“TheseTechHubswillgiveregionsacrossournationtheresourcesandopportunitiesnecessarytoleadintheeconomyoftomorrowwhilecreatinggood-payingjobsforAmericanworkers,”VicePresidentKamalaHarrissaidinastatement.
TheDepartmentofCommercereceivednearly400applicationsforthefundlastyear.
InOctober2023,theadministra
