this post was submitted on 24 Oct 2023
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This is the best summary I could come up with:
A tech hub designation is "a strong endorsement of a region’s plan to supercharge a critical technology ecosystem and become a global leader over the next decade," the U.S. Economic Development Administration said on its website.
The move was authorized under the CHIPS and Science Act, the White House said, which Biden frequently touts as a highlight of his economic agenda.
"These Tech Hubs will catalyze investment in technologies critical to economic growth, national security, and job creation, and will help communities across the country become centers of innovation critical to American competitiveness," the White House said in a news release.
The hubs focus on a wide variety of technological areas, including quantum computing, artificial intelligence, clean energy, medicine and biotechnology.
The designations "will be a widely recognized indicator of each region’s potential for rapid economic growth on the basis of their technological strength, and we believe will make it even more attractive to private investment and job creation," Commerce Secretary Gina Raimondo said Sunday on a call with reporters.
The White House release said that "for too long, economic growth and opportunity has clustered in a few cities on the coasts," adding that the hubs announced Monday were chosen to "represent the full diversity of America."
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