12 tech hubs get $504 million to support new jobs and innovation

Listen to the article 2 minutes This audio is automatically generated. Let us know if you have any feedback. Dive Brief: The Biden Administration plans to provide $504 million to 12 tech hubs to transform communities into centers of technological innovation in industries such as artificial intelligence, clean energy and biotechnology. The Implementation grants announced on Tuesday are the second phase of the White House's Technology Hubs program. In the first phase announced in October, the Biden Administration designated 31 U.S. regions as technology hubs eligible for Implementation funds. “We are pleased to see this first round of Implementation funds support a surge of new jobs, new technologies and new energy to strengthen America's competitiveness,” Assistant Secretary of Commerce for Economic Development Alejandra Castillo said in a statement. If more funding becomes available, the Economic Development Administration plans to invest in additional tech hubs. Dive Insights:

When the Biden administration opened up applications for tech hubs in May 2023, Commerce Secretary Gina Raimondo stressed the need to bring more tech jobs to areas outside of the coastal cities where most of those jobs are currently concentrated.

That's not a reflection of our full potential, she said in a video posted to Twitter at the time, adding that a tech hub would mean people in the neighborhood wouldn't have to leave to get high-paying tech jobs.

That remains part of the Biden administration's messaging about the program, with the White House saying in a July 2 statement that for too long, the benefits of innovation and technology development have been concentrated in a few coastal cities.

Technology hubs receiving implementation grants

The implementation grants will support 52 projects across the 12 selected technology hubs, helping entrepreneurs and companies scale their lab-to-market transitions, building shared testbeds and manufacturing facilities, and training workers.

Stakeholders on the Tech Hub team include businesses, state, local and tribal governments, higher education institutions, labor unions and nonprofits.

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