US allocates $504 million for 'Tech Hubs' in neglected regions
The Biden administration on Tuesday pledged $504 million for a dozen projects across the country in an effort to transform previously overlooked communities into tech powerhouses.The grants will fund “technology hubs” that aim to boost production of critical technologies in regions including western Montana, central Indiana, southern Florida and upstate New York. The hubs are designed to accelerate the growth of advanced industries in the U.S., such as biomanufacturing, clean energy, artificial intelligence and personalized medicine.The program reflects a federal effort to expand U.S. funding for science and technology beyond Silicon Valley and some coastal regions, an initiative that Biden administration officials say will help revitalize areas that have traditionally received less govern...