President Biden has unveiled plans to establish 31 new regional tech hubs to promote economic growth, national security, and job creation. These designated areas are expected to attract private investment in innovative technologies and support the green transition. The initiative is part of President Biden's Made in America strategy, which aims to strengthen U.S. manufacturing capabilities and regional supply chains.
President Biden has announced the creation of 31 new regional tech hubs aimed at advancing technologies critical to economic growth , national security and job creation . The growth of these designated areas is expected to support local development across several states, expanding regional economies and bringing in new jobs. Further, the move is expected to attract high levels of private investment in innovative new technologies supporting the green transition .
There were over 370 applications from communities in 49 states and four territories to be awarded Tech Hub status, and the White House says that those chosen “represent the full diversity of America”. It stated that three-quarters of the hubs will significantly benefit small and rural areas, and more than three-quarters will directly support historically underserved communities. President Biden said at a White House event, “The U.S. will lead the world again in innovation across the board.
President Biden Regional Tech Hubs Economic Growth Job Creation National Security Private Investment Green Transition Made In America Strategy Manufacturing Capabilities Supply Chains
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