Staff Reports
President Joe Biden and Secretary of Commerce Gina Raimondo outlined a bold plan to boost US economic development and innovation. This plan creates 31 "Tech Hubs" across the country to spur investments in semiconductors, sustainable energy, biotechnology, AI, and quantum computing.
Tech Hubs strive to unite corporate enterprise, state and municipal governments, educational institutions, labor unions, and nonprofits. They want to compete for $75 million in implementation grants to develop important fields, invest in innovation, strengthen supply chains, and create jobs.
President Biden's Investing in America initiative has attracted private sector clean energy and manufacturing investments worth over $500 billion. These large investments in semiconductor, electric vehicle, battery, and biomanufacturing support Tech Hubs goals.
Biden Admin Launches 31 Tech Hubs to Boost US Innovation, Jobs | Mirage News @im3_ny @magnisenergytec $MNS – this should open a few much needed doors !! https://t.co/aBqYXt7UK8
— Chris Tootell (@ChrisTootell3) October 23, 2023
These Tech Hubs represent the administration's desire to diversify economic growth away from coastal cities. Tech Hubs received submissions from all 50 states and territories due to their inclusive selection procedure. Scientific and technical innovation should assist small and rural areas and historically marginalized groups countrywide, according to the administration.
Each of the 31 Tech Hubs will focus on regionally relevant industries and technologies. The Tulsa Hub for Equitable & Trustworthy Autonomy (THETA) in Oklahoma wants to lead the world in autonomous system research and commercialization for agriculture, pipeline inspections, and regional transportation. Meanwhile, the Ocean Tech Hub in Rhode Island and Massachusetts will develop, test, and commercialize maritime AI and machine learning-enabled robotics and sensors.
The administration has promised complete support, including follow-on financing from federal agencies and technical assistance from relevant agencies, to help these Tech Hubs succeed. This ambitious project is expected to boost job creation, economic growth, and national security, making the US a global leader in the future economy.
