- Tech Hubs
WASHINGTON, DC — The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today announced that the ReGen Valley Tech Hub in Manchester, New Hampshire, was designated as one of the 31 inaugural Tech Hubs in regions across the country that show potential for rapid growth in key technology sectors.
The ReGen Valley Tech Hub, a consortium led by the Advanced Regenerative Manufacturing Institute, will help to advance New Hampshire as a global leader in biofabrication, producing cost-effective regenerative therapies that address chronic disease and organ failure.
This designation is part of the first phase of the novel Tech Hubs program, authorized by the CHIPS and Science Act, that will invest directly in high-potential U.S. regions and aim to transform them into globally competitive innovation centers. Designation is an endorsement of the region’s strategy to supercharge their respective technological industry to create jobs and strengthen U.S. economic and national security. Designated Tech Hubs are now eligible to apply for the next phase of the Tech Hubs Program that will invest between $50-$75 million in each of 5-10 Designated Hubs.
“President Biden’s Investing in America agenda is rooted in policies that will empower the United States to out-innovate and out-compete the rest of the world. Our Tech Hubs Program is fundamental to that mission and will supercharge innovation across the nation by spurring cutting-edge technological investments and creating 21st century job opportunities in people’s backyards,” said U.S. Secretary of Commerce Gina Raimondo. “Each of these consortia will help us ensure the industries of the future—and their good-paying jobs—start, grow, and remain in the United States.”
“These outstanding consortia exemplify place-based economic development strategies at their best: combining federal resources with regional assets, expertise, and coalitions to implement transformational opportunities,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “As each region develops its own strategy to catalyze innovation and job creation, the entire nation grows more secure and more competitive.”
“I’m thrilled that the ReGen Valley Consortium has earned the Tech Hub designation from the Economic Development Administration (EDA), which will accelerate Southern New Hampshire’s leadership in regenerative medicine, create more good jobs and ensure the life-saving therapies of the future are developed at home – right here in New Hampshire,” said New Hampshire Senator Jeanne Shaheen. “This designation now makes ReGen Valley eligible to compete for additional federal funding to implement its vision to become the world’s biofabrication leader. As Chair of the U.S. Senate Appropriations subcommittee that funds the EDA, I’ll continue supporting EDA programs as they help promote our state and country’s leadership in next-generation technology and research, which are critical for our economic and national security.”
“New Hampshire is a beacon for innovation-based businesses and entrepreneurs,” said New Hampshire Senator Maggie Hassan. “The biofabrication work happening in Manchester — powered in part by the bipartisan CHIPS and Science Act — has the potential to be a game changer for how we manage chronic diseases and traumatic injuries. I am glad to see the U.S. Economic Development Administration designate ARMI as a regional technology and innovation hub, helping further its work and grow New Hampshire’s innovation-based economy.”
“The state-of-the-art work done by the ReGen Valley Tech Hub firmly places Manchester and New Hampshire at the forefront of developing regenerative tissues and organs,” said Representative Chris Pappas (NH-01). “Designating Manchester as one of 31 inaugural Tech Hubs across the country further underscores the caliber of work and dedication of the partners and stakeholders in this effort. I was proud to support the CHIPS and Science Act, which established the Tech Hubs program, and to advocate for federal investments in biofabrication in Manchester. I am pleased to see New Hampshire continue to be recognized as a leader in this space, and I remain committed to supporting innovation, domestic manufacturing, and our economy.”
“Our New Hampshire businesses are leading the nation’s most competitive industries through their innovation,” said Representative Ann Kuster (NH-02). “I’m pleased to see ReGen Valley be recognized for its incredible work developing groundbreaking medicines, treatments, and therapies. This designation as a regional technology and innovation hub will help continue to drive our state and our economy forward.”
The 31 Tech Hubs were selected from 198 applications from regional consortia that include industry, academia, state and local governments, economic development organizations, and labor and workforce partners. The Tech Hubs span regions across 32 states and Puerto Rico and represent a cross section of urban and rural regions.
For a full list of Tech Hubs, visit TechHubs.gov.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.