In an effort to promote innovation and job creation, the Biden administration has designated 31 technology hubs across the United States and Puerto Rico. Commerce Secretary Gina Raimondo expressed her excitement for the initiative, stating that she had never seen such a high level of interest before. The hubs were chosen competitively, with the Department of Commerce receiving 400 applications.
The program aims to distribute $500 million in grants to cities, using funds authorized under last year’s CHIPS and Science Act. The White House emphasized the importance of spreading opportunity and technology investments beyond major cities. The tech hubs reach various states, demonstrating the administration’s commitment to promoting innovation and economic growth nationwide.