The White House announces 31 US tech clusters to advance the sector.

The White House announces 31 US tech clusters to advance the sector.:The White House announced on Monday the designation of 31 tech hubs across the nation in an effort to increase American competitiveness and creativity in the tech sector.

According to the White House, the Tech Hubs initiative is a component of President Biden’s “Bidenomics” strategy, which aims to build the economy from the bottom up and from the middle out. It was authorised by the CHIPS and Science Act, which was signed into law by the president last year.

The 31-state centres will concentrate on creating and expanding cutting-edge enterprises associated with semiconductors, clean energy, essential minerals, biotechnology, artificial intelligence, quantum computing, and precision medicine, among other areas.

Through the programme, various interested parties will be able to bid for grants of up to $75 million to be used for investments in supply chain resilience, innovation, and job development.

The White House announces 31 US tech clusters to advance the sector
The White House announces 31 US tech clusters to advance the sector

Baltimore City was chosen as one of the designated tech clusters out of 400 applicants, according to CBS News.

The Baltimore Consortium is made up of local governments, colleges, and corporations. Its goal is to create novel medications and treatments by utilising biotechnology and AI to enhance health outcomes.

According to Latoya Staten, director of Impact at Fearless, a business that assisted in creating Baltimore’s proposal, the tech hub designation is “exciting news” and “is going to be able to bring lots of economic impact and jobs,” as she stated to CBS News.

“For too long, economic growth and opportunity has clustered in a few cities on the coasts,” the White House said in announcing the initiative on Monday. It went on to say that the hubs will bring the “benefits and opportunities of scientific and technological innovation to communities across the country, with nearly three-quarters directly supporting historically underserved communities and nearly three-quarters significantly benefitting small and rural areas.”

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