Biden administration awards $504m to 12 tech projects across US to create tech hubs in overlooked regions.

The Biden administration awarded $504 million to 12 tech projects across the US to transform overlooked regions into technology powerhouses. The grants will fund "tech hubs" aimed at accelerating the growth of advanced industries such as biomanufacturing, clean energy, AI, and personalized medicine. The initiative reflects a federal effort to expand America's science and technology funding beyond Silicon Valley and coastal regions, with the aim of revitalizing areas that have traditionally received less government investment.

July 02, 2024
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