$500 million investment to turn middle-American cities into tech hubs
The US government has launched a $500m investment program to turn middle-American cities into tech innovation hubs. The Regional Technology and Innovation Hub program, known as Tech Hubs, will provide planning grants of $15m to eligible groups to make their regions attractive places for entrepreneurs and technologists to live and work. The program will focus on key areas of technology, including artificial intelligence, robotics, biotechnology, and cybersecurity. The hope is that the infusion of funds will help regions across the country become essential centers of innovation and create more well-paying jobs across a greater swath of the nation.