Tech Hubs Program Phase 1
The U.S Economic Development Administration’s Tech Hubs Program is an economic development initiative designed to drive regional technology- and innovation-centric growth by strengthening a region’s capacity to manufacture, commercialize, and deploy critical technologies.
This program will invest directly in regions with the assets, resources, capacity, and potential to transform into globally competitive innovation centers in approximately 10 years while catalyzing the creation of good jobs for American workers at all skill levels, both equitably and inclusively.
The Phase 1 NOFO will designate at least 20 Tech Hubs across the country and separately award approximately $15 million in strategy development grants to accelerate the development of future Tech Hubs. The Tech Hubs designation will be a widely recognized indicator of a region’s potential for rapid technology-led economic growth.
This program will bring together a wide array of public, private, and academic partners into a collaborative consortium focused on regional economic development needs and unique growth opportunities. By growing these new centers of innovation throughout America, the Tech Hubs Program will help strengthen U.S. economic and national security.
The Tech Hubs Program was enacted as part of the CHIPS and Science Act of 2022 (as the Regional Technology and Innovation Hubs program). The statute authorized $10 billion for the program over five years. As part of the FY 2023 Consolidated Appropriations Act, Congress appropriated EDA $500 million to launch the program.
The Tech Hubs Program seeks to ensure that the industries of the future—and their good jobs—start, grow, and remain in the United States. This program will invest in U.S. regions that are focused on technologies within or across the key technology focus areas outlined in the statute.