EDA Tech Hubs: Catalyzing Job Creation and Workforce Opportunities
In The News Piece in Forbes
Sept. 9, 2024
In a new article for Forbes, Shalin Jyotishi explores how the U.S. Department of Education’s Tech Hubs initiative is driving job creation and workforce development through regional collaboration and skills development.
In July 2024, the U.S. Commerce Department’s Economic Development Administration (EDA) 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 during the program's first phase. Tech Hubs was authorized under the CHIPS & Science Act of 2022. The 19 remaining Tech Hubs that did not win the larger awards will each receive $500,000 and ongoing technical assistance from the EDA to support their efforts.
EDA’s Tech Hubs support regions across the country with assets and resources that have the potential to become globally competitive in advanced and emerging technologies, powering industries of the future.