Post by Jason Rittenberg appearing on New America
To grow regional economies around the sunrise industries of the future, leaders from both parties have begun embracing new federal tech-based economic development investments. The objective of these investments is to foster tech-based growth coalitions in regions left behind by the 20th-century rise of Silicon Valley and the Boston corridor.
One of those key programs is the Regional Technology and Innovation Hubs (Tech Hubs) program within the Commerce Department’s Economic Development Administration (EDA), which was authorized by Congress in 2022. They unite a broad network of regional partners, including but not limited to universities and community colleges, industry, economic development organizations, innovation and startup incubators, labor unions, philanthropies, and state agencies…