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Technology Hubs

All articles tagged with #technology hubs

technology2 years ago•3 min saved

Biden's Tech Hub Initiative Expands to 32 States and Puerto Rico

President Joe Biden has designated 31 technology hubs across 32 states and Puerto Rico to promote innovation and job creation in various industries. Two of these hubs are located in Missouri: the Critical Minerals and Materials for Advanced Energy (CM2AE) Tech Hub and the Kansas City Inclusive Biologics and Biomanufacturing Tech Hub. The aim is to position these regions as global leaders in critical minerals processing and biologics and biomanufacturing, respectively. The initiative is part of a $500 million grant program to expand tech investment beyond major cities and stimulate investments in new technologies. Additionally, President Biden signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, with a focus on the semiconductor industry.

via St. Louis Post-Dispatch|

#biden-administration #innovation #job-creation

technology2 years ago•1 min saved

Biden's Tech Hub Initiative Boosts Job Creation and Industry Growth in 32 States and Puerto Rico

President Joe Biden is set to announce the designation of 31 technology hubs across 32 states and Puerto Rico, aimed at stimulating innovation and job creation in various industries. The hubs were selected from 400 applications received by the Department of Commerce, and they will receive a total of $500 million in grants to support investments in emerging technologies such as artificial intelligence and biotech. The initiative seeks to expand tech investment beyond major cities and promote economic growth and opportunity across the country.

via ABC News|

#biden-administration #economic-growth #innovation

technology3 years ago•2 min saved

Commerce Department to fund US tech hubs with $500 million in grants.

The Commerce Department is launching the application process for cities to receive a total of $500 million in grants to become technology hubs. The Biden administration has made it a priority to set an industrial strategy of directing government investment into computer chips, clean energy, and a range of other technologies. The tech hubs are meant to build up areas that already have major research specialties but lack the access to financing that could fuel stronger growth and business formation in those fields.

via The Associated Press|

#biden-administration #commerce-department #grants