Biden Names 31 ‘Tech Hubs’ Across the U.S. That Can Nab Up to $75 Million Each

Today, the Biden administration introduced an enormous dose of funding to the tech business—the president named 31 “tech hubs” throughout the U.S. and Puerto Rico in an effort to spur financial progress.

The president introduced the news in a White House truth sheet, with the funding secured by the CHIPS and Science Act signed in 2022. Each tech hub can obtain as much as $75 million from federal and native authorities, private and non-private universities, nonprofits, and unions. Biden’s hope is that these tech hubs will spur financial progress of their respective states, including to his dedication to Bidenomics, which goals to develop the center class by trickle-up economics.

“Tech Hubs awardees were selected to represent the full diversity of America, selected from more than 370 applications spanning 49 states and four territories,” the White House wrote within the truth sheet. “The Tech Hubs will bring the benefits and opportunities of scientific and technological innovation to communities across the country, with nearly three-quarters significantly benefitting small and rural areas and more than three-quarters directly supporting historically underserved communities.”

According to the actual fact sheet, these tech hubs will produce analysis, merchandise, and expertise relating to just about each part of the business, together with AI, semiconductors, and biotechnology. In Rhode Island, for instance, the Ocean Tech Hub can be finding out the ways in which AI and machine studying can be utilized in maritime functions with assist from the Rhode Island Commerce Corporation. Likewise, the State University of New York at Binghamton is main the New Energy New York Battery Tech Hub to bolster the area’s battery provide chain.

The funding is the most recent from Biden’s CHIPS and Science Act, which was signed in August 2022, and in addition dedicated NASA to the International Space Station till 2030. Biden has additionally championed clear power and tech innovation exterior of the CHIPS Act, with plans revealed earlier this month to fund clear hydrogen manufacturing with $7 billion in funding. The president isn’t any buddy of Big Tech, nonetheless, as his FTC appointee Linda Kahn has tried to wage struggle on large tech firms like Amazon.