On Monday, President Biden unveiled the establishment of 31 new regional technology hubs throughout the United States, with a focus on expanding industries such as semiconductors, clean energy, critical minerals, and artificial intelligence.

These hubs, known as Regional Innovation and Technology Hubs or Tech Hubs, are being created under the purview of the Department of Commerce Economic Development Administration.

Their mission is to nurture sectors that are deemed “critical to economic growth, national security, and job creation,” ultimately aiding communities across the nation in becoming hubs of innovation essential to American competitiveness, The Hill reported.

President Biden, alongside Commerce Secretary Gina Raimondo, introduced the designated tech hubs in 32 states and Puerto Rico during an event on Monday, describing the initiative as “transformational.”

“We’re doing this from coast to coast, in the heartland, in red states and blue states, small towns, cities of all sizes,” Biden said. “All this is part of my strategy to invest in America and invest in Americans. It’s working—we’re creating good jobs in communities all across the country.”

The funding for the grants to establish the tech hubs originates from the CHIPS and Science Act, a piece of legislation signed into law by the president last year.

Written by staff