Out of hundreds of applicants to the bipartisan Tech Hubs program, 12 Tech Hubs to receive implementation grants totaling $504 million
America Achieves calls for additional appropriations, already authorized by Congress with bipartisan support, to meet local demand for Tech Hubs nationwide
NEW YORK, July 2, 2024 /PRNewswire/ — America Achieves congratulates the 12 regions winning Tech Hub implementation grants today. We are proud to have provided in-depth technical assistance to 6 of these 12 Tech Hubs.
The Biden-Harris Administration announced grants today through the U.S. Department of Commerce’s Economic Development Administration (EDA). This program was enabled by Congress’ bipartisan $10 billion authorization of the Tech Hubs program as part of the CHIPS and Science Act in 2022 and an initial down payment of just over $500 million in appropriations.
America Achieves is calling on Congress to appropriate an additional $2 billion this year – 20% of bipartisan authorization levels – to fully fund all 31 of the designated Tech Hubs and enable a second funding competition. Further appropriations would put Americans to work in hundreds of thousands of good jobs that grow local industries of the future and strengthen U.S. competitiveness and national security.
