what is a tech hub? what does it do? i hate wishy-washy brochure-ass plans
this post was submitted on 24 Oct 2023
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Grants for certain regions to build up their tech sector. Specifics are at the bottom of this press release that was linked from that article.
AKA welfare for corporations
Think of it more welfare for cities/regions, along with trying to goose certain industries.
For example, batteries are a key industry US is trying to build, a fundamental part of the near to mid future that we’re finally not outsourcing. I’m originally from near Binghamton NY was fascinated to learn about the proposed battery company based on developments at the University. Fantastic. The thing is, that whole area had been a major tech hub but never recovered from IBM leaving in like the 1990s. A bunch of the IBM buildings were torn down or repurposed, things are gradually growing over the decades but it’s nowhere near as prosperous as it used to be. There was a huge “brain drain” where so many people left and just never came back. My brother considered going back because he could buy blocks of useable houses for under $20k apiece, but there was no hope of population catching up to housing supply
Apologize if anyone is still there and more optimistic, I wish you all the best, but I long ago moved to a place that is still a tech hub
I think it’s a device you plug all your tech stuff into so they can communicate. It’s not as good as a tech switch though.
It's a place you put all the servers people are going to remote into as they WFH anyway. Hopefully these areas give the company huge tax incentives that will be paid for by all the tax income they don't get from all of the ancillary support development that will never happen.
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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