The U. S. Department of Commerce’s Economic Development Administration (EDA)The U. S. recently announced a second investment circular of $504 million in implementation grants for 12 generation centers. This investment will help Main Street accelerate the expansion of industries across the United States.
This program created under the CHIPS and Science Act aims to help communities beyond classic coastal regions reap the benefits of innovation and technological development, developing regional economies from the bottom up and in between. Last year, President Biden announced the designation of 31 generation centers in communities across the country, each bringing together businesses, state, local and tribal governments, educational institutions, labor unions and nonprofit organizations. profit that have a common vision of the regional economy. growth. Training
The next phase of investment identifies 12 winners of implementation grants of up to $51 million to help boost and grow industries in regions across 14 states. Some of the generation centers include:
“All Americans deserve the opportunity to prosper, no matter where they live. Today’s announcement that the Department of Commerce is making a $504 million investment in regional generation and innovation centers across the country will ensure that the benefits of “Long-term industries – from synthetic intelligence and blank energy to biogeneration and more – are shared with communities that have been ignored for too long, adding rural, tribal, industrial and disadvantaged communities,” said Vice President Kamala Harris at the issue the second financing circular.
“These most productive Tech Hub leaders exemplify place-based economic progression strategies: combining federal resources with assets, expertise, and regional coalitions to implement transformative opportunities,” said Under Secretary of Commerce for Economic Progress Alejandra Y. Castle. ” We are excited to see that this first investment circular put in place will help deliver a wave of new jobs, new technologies, and new momentum for United States competitiveness. »
A common topic of discussion in an election year is the fact that so many communities have been left behind when it comes to economic expansion and opportunity. The Tech Hubs program aims to address these disparities by giving new life to some of those spaces by supporting entrepreneurship and innovation. Together, these centers will ensure that long-term industries – and the countless jobs and small business opportunities they create – start, grow and stay in the United States.
More data can be discovered on TechHubs. gov and on social media #EDATechHubs.
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