"31 Tech Hubs Named by President Biden, Including Miami and Texoma, to Drive Innovation and Economic Growth"
Originally Published 2 years ago — by The New York Times
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.