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Tech Hubs Phase 1

Open Date:

5/15/2023

Close Date:

8/15/2023

Upcoming Milestones:

Eligible Recipients:

  • Incorporated Consortia
  • Unincorporated Consortia

Program Purpose:

  • Economic Development

Reserved for Energy
Communities?

No

Bureau/Office

Economic Development Administration (EDA)

Funded by:

U.S. Department of Commerce

Overview

The 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 Tech Hubs Program is an investment in our future. 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.

Related Resources

Additional information is available on the Resources page.

Funding Details

Funding Source:
Funding Type:
Grant - no match
Total Amount Available:
Limit per Applicant:
$500,000
Estimated Awards:
20

Applicant Guidance

More information about the Tech hubs Program is available here.

Contact Information

Direct questions to [email protected].

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