Senior U.S. Department of Commerce Official Visits PROPEL Tech Hub in Philadelphia, Pennsylvania

WASHINGTON, D.C. - Today, Eric Smith, Acting Deputy Assistant Secretary for Policy at the U.S. Department of Commerce's Economic Development Administration (EDA), visited the PROPEL Tech Hubin Philadelphia, Pennsylvania. The Biden-Harris Administration, through the EDA, designated the PROPEL Tech Hub as a Tech Hubin October 2023. PROPEL is a consortium led by the Ben Franklin Technology Partners of Southeastern PA and serves Delaware, Maryland, New Jersey and Pennsylvania

The PROPEL Tech Hub highlights the region's role as an emerging global leader in end-to-end precision medicine. While there, Mr. Smith and the Tech Hubs Program team worked with the Tech Hub to strengthen their strategy to advance the region as a global leader in delivering new ways to diagnose, prevent, and treat disease, increasing evidence-based technology applications that improve morbidity and mortality and decrease health disparities.

The Tech Hubs Program is a flagship initiative aimed at advancing U.S. leadership in technologies and industries critical to national security. The designation of the PROPEL Tech Hub is a strong endorsement of the region's plan to supercharge its critical technology ecosystem and become a global leader in end-to-end precision medicine over the next decade, advancing U.S. national security and global competitiveness.

"The PROPEL Tech Hub embodies the spirit and potential of the Tech Hubs Program to take centers of excellence and make them world-class tech ecosystems through targeted investments," said Secretary of Commerce Gina Raimondo. "That's precisely why I've asked Eric Smith to travel to Philadelphia with a team to meet with leadership and provide technical assistance on their strategy. The Tech Hubs Program is crucial to ensuring tech industries vital to U.S. economic and national security start, stay, and grow in the U.S., and that's why I'm committed to future rounds of funding and working with lawmakers to support additional federal resources to support all of our designees."

The Tech Hubs Program, authorized for $10 billion in the bipartisan CHIPS and Science Act, is designed to increase the capacity and pace with which Americans make, deliver, and deploy innovative technologies, creating new, growing companies and new, good jobs. 

Read more about the Tech Hubs program at 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.