Today, the U.S. Economic Development Administration (EDA) announced approximately $504 million in implementation grants to 12 Tech Hubs Designees to scale up the production and delivery of critical technologies, strengthen U.S. economic competitiveness and national security, and accelerate the growth of industries of the future in regions across the United States. [Read today’s press release]
The 12 Tech Hubs slated to receive Phase 2 implementation funding were chosen from the initial 31 Designated Tech Hubs that President Biden announced in October 2023.
EDA has selected projects for funding in each of the 12 Tech Hubs below, with award amounts to be finalized in the coming months. [Click on hyperlinks below to learn more about each Tech Hub and their approximate award.]
This announcement marks the culmination of Phase 2 of the first iteration of the Tech Hubs Program, a flagship initiative aimed at advancing U.S. leadership in critical and emerging technologies and industries. Phase 1 of the program identified 31 Tech Hubs in geographically diverse, high-potential regions across the country with demonstrated expertise in emergent technology sectors.
The Tech Hubs Program was authorized by the bipartisan CHIPS and Science Act, a key part of President Biden’s Investing in America agenda, which he signed into law in August 2022.
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