Biden administration picks 31 regional tech hubs to spur US innovation

Credit: IndiaTimes- Published on October 23, 2023
The US Commerce Department has announced the names of 31 regional tech hubs that will be eligible for $500 million in federal funding. The aim of the program is to diversify the US tech industry away from traditional hubs like Silicon Valley and attract private sector investments in key sectors such as clean energy and...

Video credit: Wibbitz Top Stories
Published on October 23, 2023 -  01:31
White House Unveils 32 States to Become US 'Tech Hubs'
White House Unveils , 32 States to Become , US 'Tech Hubs' . On October 23, President Joe Biden announced over 30 regional tech hubs to be developed across the United States. On October 23, President Joe Biden announced over 30 regional tech hubs to be developed across the United States. 'The Hill' reports that the hubs will focus on advancing technologies like clean energy, artificial intelligence, critical minerals and semiconductor production. . 'The Hill' reports that the hubs will focus on advancing technologies like clean energy, artificial intelligence, critical minerals and semiconductor production. . 'The Hill' reports that the hubs will focus on advancing technologies like clean energy, artificial intelligence, critical minerals and semiconductor production. . The Tech Hubs, officially the Regional Innovation and Technology Hubs, were designed by the Department of Commerce Economic Development Administration. The Tech Hubs, officially the Regional Innovation and Technology Hubs, were designed by the Department of Commerce Economic Development Administration. According to the White House, the hubs are meant to develop industries that are , โ€œcritical to economic growth, national security, and job creation, and will help communities across the country become centers of innovation critical to American competitiveness.โ€. According to the White House, the hubs are meant to develop industries that are , โ€œcritical to economic growth, national security, and job creation, and will help communities across the country become centers of innovation critical to American competitiveness.โ€. Biden is expected to make an official statement on the Tech Hubs alongside Commerce Secretary Gina Raimondo on October 23. . Biden is expected to make an official statement on the Tech Hubs alongside Commerce Secretary Gina Raimondo on October 23. . 'The Hill' reports that funding for the project comes from the CHIPS and Science Act, which Biden signed into law in 2022. 'The Hill' reports that funding for the project comes from the CHIPS and Science Act, which Biden signed into law in 2022. Hubs reportedly include Heartland Bioworks in Indiana, which is working to turn the state into a global leader in biotechnology and biomanufacturing. . Hubs reportedly include Heartland Bioworks in Indiana, which is working to turn the state into a global leader in biotechnology and biomanufacturing. . 'The Hill' reports that Baltimore Tech Hub in Maryland, which aims to advance predictive healthcare technology with artificial intelligence, will serve as another hub. Gulf Louisiana Offshore Wind Propeller looks to transition the state's energy economy towards offshore wind and renewable energy. . In total, the Tech Hubs initiative will include 32 states and Puerto Rico.

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