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Commerce Department’s Economic Development Administration Selects 31 Tech Hubs; Gina Raimondo Quoted

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Commerce Department’s Economic Development Administration Selects 31 Tech Hubs; Gina Raimondo Quoted
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The Department of Commerce Economic Development Administration named 31 technology manufacturing facilities as official Tech Hubs under the CHIPS and Science Act.

The sites, which are located across 32 U.S. states and Puerto Rico, are part of the first phase of the Tech Hubs economic development initiative, the department announced Monday.

The designees were shortlisted out of 400 applications from public, private and academic sectors as well as labor interest groups and economic development organizations. The winners are entitled to apply for the department’s Tech Hub funding opportunity, which has been authorized to grant a total of $500 million in financial support.

The 31 selected facilities include Elevate Quantum Colorado, Advanced Pharma Manufacturing Tech Hub in Virginia, Minnesota MedTech 3.0 located in Minnesota and Wisconsin, SC Nexus for Advanced Resilient Energy in South Carolina and Georgia and the American Aerospace Materials Manufacturing Tech Hub in Washington state and Idaho.

“Our Tech Hubs Program is fundamental to that mission and will supercharge innovation across the nation by spurring cutting-edge technological investments and creating 21st century job opportunities in people’s backyards,” Commerce Secretary Gina Raimondo commented. “Each of these consortia will help us ensure the industries of the future—and their good-paying jobs—start, grow, and remain in the United States.”