Biden Awards $504 Million to Tech Investment Hubs Across US
- Effort aims to draw private investment around more of the US
- Awards cover twelve centers, including in New York and Florida
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President Joe Biden’s administration is awarding $504 million in funding for 12 regional technology hubs to expand research in areas such as artificial intelligence, semiconductor manufacturing and clean energy, part of an effort to boost private investment in cutting-edge industries outside the country’s traditional innovation centers.
Among the funding recipients are hubs in New York and Florida, as well as swing-state Nevada and a center in South Carolina that will also serve parts of neighboring Georgia — a battleground in Biden’s reelection bid against Republican Donald Trump.