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
Today, the Biden-Harris Administration will announce funding for 12 Regional Technology and Innovation Hubs (Tech Hubs) to accelerate the growth of innovative industries. The Tech Hubs program is bringing innovation to every region of the country, creating new jobs, and ultimately supporting economic development in previously underinvested areas, as part of President Biden’s Investing in America agenda.
The $504 million in funding awarded to these twelve Tech Hubs will position American workers, businesses, and communities to lead the industries of the future, such as semiconductors, clean energy, biotechnology, artificial intelligence, quantum computing, and more, strengthening national and economic security. Tech Hubs will create good-paying jobs in these critical industries in communities across the country and will build on the manufacturing and entrepreneurship boom unleashed by President Biden, which has attracted more than $877 billion in investment in clean energy and manufacturing and spurred more than 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,” said Vice President Kamala Harris. “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.”
Authorized by President Biden’s CHIPS and Science Act, the Tech Hubs program brings together companies, state, local, and Tribal governments, institutions of higher education, labor unions, and nonprofit organizations around a common vision for regional economic growth. These Tech Hubs will ensure that the benefits of innovation and technology development, which for too long have been concentrated in a few coastal cities, reach rural, industrial, and disadvantaged communities, growing regional economies from the bottom-up and the middle-out. Tech Hubs are a flagship example of the President’s place-based approach; emphasizing that America’s economy is stronger when we invest in communities rather than leave them behind.