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$504M for Tech Hubs

This is a news story, published by New America, that relates primarily to Innovation Hubs news.

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Innovation Hubs

New America

New America

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CHIPS Created EDA Tech Hubs. How Are Community Colleges Involved?

New America

Summary

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90% Informative

U.S. Commerce Department announced $504 million in funding for 12 Regional Technology and Innovation Hubs , commonly called “ Tech Hubs” The twelve recipients were selected from the total 31 Tech Hub designees by the Biden administration in October 2023 .

The 19 remaining Tech Hubs that did not win the larger awards will each receive $ 500,000 and ongoing technical assistance from the EDA .

There are about fifty community and technical colleges included in projects across the Tech Hubs.

Some colleges are receiving direct funding, while others are securing private, state, or philanthropic contributions for their work.

Congress authorized TechHubs as a $10 billion program, but it still needs to appropriate funding as called for in the CHIPS Act .

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formal

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English

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