Brookings provides some thoughts on recent Tech Hubs announcement
The program was envisioned by Brookings Metro and others in 2019 and funded through the 2022 "CHIPS and Science Act."
Describing the recently announced 12 Tech Hubs as “the newest focal points for the nation’s recent efforts to boost high-potential tech clusters in new places,” the Brookings Institution provides some context about the history that led to the launch of the program.
Envisioned by Brookings Metro and others in 2019 and funded through the 2022 “CHIPS and Science Act,” the inaugural awards represent a downpayment on an authorized (but under-appropriated) $10-billion program to spread the benefits of tech-fueled growth to more places across the U.S. map.
“The new awards stand out as especially prominent elements of the nation’s ongoing, multi-program drive in recent years to boost national economic development by leveraging what we call ‘place-based industrial policy,’ the idea that intentional efforts to unlock growth in new places represents a plausible strategy for boosting the nation’s technological advantages, global competitiveness, and national security,” authors Mark Muro, Joseph Parilla, and Francesca Ioffreda in this article.
They drew three conclusions:
- Tech Hubs awards are supporting a diverse array of geographies, technologies, and institutions;
- Nearly all the Tech Hubs received support for governance projects to strengthen consortium coordination; and
- Next must come strong steps to maximize the impact of the Tech Hubs that we funded.
As noted in this recent post in teknovation.biz, two of the 12 are located in the Southeast region. They are:
- SC Nexus for Advanced Resilient Energy (South Carolina and Georgia); and
- South Florida ClimateReady Tech Hub (Florida).
Like what you've read?
Forward to a friend!