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Business FinanceBiden-Harris Administration Announces Investment in Twelve Regional Technology Hubs, Creating Good-paying Jobs and Driving Economic Opportunity and Innovation in Communities Across the Country
Biden-Harris Administration Announces Investment in Twelve Regional Technology Hubs, Creating Good-paying Jobs and Driving Economic Opportunity and Innovation in Communities Across the Country
Regional Tech Hubs will strengthen American leadership in industries of the future, create jobs, and spur economic growth in all of America
In a significant move towards advancing innovation and technology development across the United States, the Biden-Harris Administration has announced funding for 12 Regional Technology and Innovation Hubs (Tech Hubs). These Tech Hubs aim to accelerate the growth of innovative industries, create new jobs, and support economic development in previously underinvested areas. With an investment of $504 million, these Tech Hubs will position American workers, businesses, and communities to lead the industries of the future, strengthening national and economic security.
Bringing Innovation to All Regions:
The Tech Hubs program is a part of President Biden's Investing in America agenda, which aims to ensure that every American has the opportunity to thrive, regardless of their geographic location. The program seeks to bring together companies, state and local governments, Tribal governments, educational institutions, labor unions, and nonprofit organizations to foster regional economic growth. By doing so, the program will ensure that the benefits of innovation and technology development, which have often been concentrated in a few coastal cities, reach rural, industrial, and disadvantaged communities.
Driving Economic Growth and Job Creation:
The 12 Tech Hubs will focus on industries such as semiconductors, clean energy, biotechnology, artificial intelligence, quantum computing, and more. By investing in these critical sectors, the Tech Hubs will create good-paying jobs in communities across the country. This initiative builds on President Biden's efforts to attract investment in clean energy and manufacturing, which have already resulted in over $877 billion in investments and 18 million new business applications.
"Every American deserves the opportunity to thrive, no matter where they live. Today’s announcement that the Department of Commerce is investing $504 million in Regional Technology and Innovation Hubs across the country will ensure that the benefits of the industries of the future – from artificial intelligence and clean energy, to biotechnology and more – are shared with communities that have been overlooked for far too long, including rural, Tribal, industrial, and disadvantaged communities"
Tech Hubs Implementation Grant Awardees:
1. Elevate Quantum Tech Hub: Focuses on quantum information technology in Colorado and New Mexico.
2. Headwaters Hub: Aims to become a global leader in smart, autonomous, photonic remote sensing technologies in Montana.
3. Heartland BioWorks: Aims to transform Central Indiana into a global leader in biotechnology and biomanufacturing.
4. iFAB Tech Hub: Aims to scale precision fermentation to convert underutilized corn feedstocks into high-value, customized alternative proteins, food ingredients, materials, chemicals, and more in Illinois.
5. Nevada Tech Hub: Aims to build a self-sustaining and globally competitive lithium lifecycle cluster in Nevada.
6. NY SMART I-Corridor Tech Hub: Aims to enhance semiconductor manufacturing capabilities in New York.
7. ReGen Valley Tech Hub: Aims to make New Hampshire a global leader in biofabrication for regenerative therapies.
8. SC Nexus for Advanced Resilient Energy: Aims to be a global leader in advanced energy, with a focus on grid resilience technologies in South Carolina and Georgia.
9. South Florida ClimateReady Tech Hub: Aims to advance sustainable and resilient infrastructure solutions in Florida.
10. Sustainable Polymers Tech Hub: Aims to accelerate sustainable polymer manufacturing and commercialization in Ohio.
11. Tulsa Hub for Equitable & Trustworthy Autonomy (THETA Tech Hub): Aims to develop and commercialize autonomous systems in Oklahoma.
12. Wisconsin Biohealth Tech Hub: Aims to position Wisconsin as a global leader in personalized medicine.
The Biden-Harris Administration's investment in twelve Regional Technology Hubs marks a significant step towards strengthening American leadership in industries of the future. By creating good-paying jobs and driving economic growth in communities across the country, these Tech Hubs will ensure that the benefits of innovation and technology development are shared with all regions. This initiative aligns with President Biden's commitment to investing in communities and fostering a more inclusive and prosperous economy. As the Tech Hubs program takes shape, it will be exciting to witness the transformative impact it will have on the American economy and the opportunities it will create for workers and businesses nationwide.
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