The Biden administration has selected 31 regions as potential recipients of federal funding to establish tech hubs in overlooked areas across the United States. These hubs will focus on cutting-edge industries such as quantum computing, precision medicine, and clean energy. The regions will compete for a share of $500 million, with approximately five to 10 projects receiving up to $75 million each. The program aims to distribute science and technology funding beyond Silicon Valley and coastal regions, tapping into untapped pools of workers and economic resources. However, it remains to be seen if this approach will efficiently promote technological gains in more remote areas.
The White House has designated 31 technology hubs across the United States to boost American competitiveness in the technology sector. These hubs will have the opportunity to compete for grants ranging from $40 million to $75 million each. The designations, authorized under the CHIPS and Science Act, aim to catalyze investment in critical technologies such as quantum computing, artificial intelligence, clean energy, medicine, and biotechnology. The hubs are spread across 32 states, including areas with tribal governments, coal communities, and smaller populations, reflecting the diversity of the country. President Joe Biden is expected to discuss his economic agenda and efforts to spur investment in the US in a speech later today.
The White House has designated 31 technology hubs across the United States to enhance American competitiveness in the technology sector. These hubs will have the opportunity to compete for grants ranging from $40 million to $75 million each. The move is part of President Joe Biden's efforts to invest in America and boost economic growth. The hubs will focus on various technological areas, including AI, clean energy, and medicine. The designations aim to attract private investment and job creation, particularly in historically underserved communities.
The Biden-Harris administration has designated 31 Tech Hubs across the United States as part of its Investing in America agenda. These Tech Hubs aim to drive regional innovation and job creation by strengthening a region's capacity to manufacture, commercialize, and deploy technology. The program focuses on industries such as autonomous systems, quantum computing, biotechnology, clean energy, and semiconductor manufacturing. The designated Tech Hubs will have the opportunity to apply for implementation funding, totaling nearly $500 million, to further support their technological advancements and economic growth.
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.
Housing markets in tech hubs and pandemic migration hotspots are cooling more rapidly than other parts of the U.S. as high mortgage rates, tech turmoil, and the lack of homes for sale deter buyers. Austin, Seattle, Phoenix, Tacoma, and Denver are among the metros with the fastest-slowing housing markets. Meanwhile, relatively affordable housing markets in Connecticut, upstate New York, and the Midwest are holding up best as the overall market falters. Hartford, Milwaukee, New Haven, Bridgeport, and Albany are among the metros with the least cooling housing markets.
