White House announces 31 tech hubs to focus on AI
The White House on Monday announced it is designating 31 technology hubs in an effort to improve American competitiveness in the technology sector. According to the White House, the hubs will be able to compete for grants worth $40 million to $75 million each.
CHIPS and Science Act, which President Joe Biden often touts as a highlight of his economic agenda, authorized the move, the White House said. As part of the act, which the president signed in August 2022, $10 billion was authorized to invest in technology hubs nationwide, according to the administration. According to the administration, $10 billion was also authorized for investments in technology hubs across the country.
Several communities across the country will become centers of innovation critical to American competitiveness through the creation of Tech Hubs, and the White House said the initiative will promote investment in technologies critical for economic growth, national security, and job creation.
In addition to quantum computing, artificial intelligence, clean energy, medicine, and biotechnology, the hubs also focus on a variety of other technology fields. According to the Economic Development Administration, hubs are located in 32 states and Puerto Rico, including tribal areas, coal communities, and states with small populations.
As a result of the designations, “each region will be recognized for its potential for rapid economic growth based on its technological strength, and we are confident that it will make it even more attractive to private investment and job creation,” Commerce Secretary Gina Raimondo told reporters on Sunday. As a country, we are diverse, and these designations reflect that. There are many hubs in small cities, rural areas, and historically underserved communities.”