Key Points
The program aims to diversify the tech landscape in the United States and attract private sector investments in industries such as electric vehicle battery production, semiconductors, and clean energy..
The U.S. Commerce Department said on Monday it was naming 31 regional tech hubs from 370 applicants, making the areas eligible for $500 million in federal funding to help spur innovation across a variety of sectors...
Commerce Secretary Gina Raimondo told reporters the program aimed to diversify the United States away from its traditional tech hubs like Silicon Valley, Seattle and Boston...
The program is part of President Joe Biden's belief the government should help fund key sectors to attract more private sector investments in industries like electric vehicle battery production, semiconductors and clean energy...
The designated regional tech hubs are in places like Montana, Wisconsin, upstate New York, Vermont, Nevada, Illinois and Puerto Rico, and are focused on areas including semiconductors, clean energy, critical minerals, biotechnology, artificial intelligence and quantum computing...
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