20 Regional Technology Hubs

What is happening? The federal CHIPS and Science Act funds create 20 “regional technology and innovation hubs.”

Why is this important? $10 billion will be allocated to the Department of Commerce over 4 years to fund 20 hubs. At least 3 hubs will be placed in each of the Economic Development Administration’s six regions.

How will this be important? Facts sheets say that the hubs will “position communities throughout the country to lead in high-growth, high-wage sectors such as artificial intelligence, advanced manufacturing, and clean energy technology.”

Route Fifty | Semiconductor Bill to Fund 20 Regional Technology Hubs