Senate approves new $10 billion program for regional technology hubs

The Senate bill would authorize the Department of Commerce to designate at least three new “regional technology hubs” in each of the Economic Development Administration’s (EDA) six regions. These hubs would be proposed by consortia including state and local governments, institutions of higher education, labor and industry representatives, venture development organizations and others. Each hub would focus on advancing its regional capacity to support research, commercialization and competitiveness related to a key technology area.