12/09/2024 | News release | Distributed by Public on 12/09/2024 12:23
This article was produced as part of New America's Future of Work and the Innovation Economy Initiative. Subscribe to our Future of Work Bulletin newsletter to stay current on our latest research, events, technical assistance, and storytelling.
In July 2024, the U.S. Economic Development Administration (EDA) announced $504 million in funding for twelve Regional Technology and Innovation Hubs (Tech Hubs). Nineteen other Tech Hubs also recieived $500,000 in funding and ongoing technical assistance from the EDA.
Authorized under the CHIPS & Science Act of 2022 as one of the bill's signature place-based industrial policy programs, EDA Tech Hubs bring together regional consortia of companies, universities, community colleges, nonprofits, and state and local governments to promote technology-based economic development, including by:
Tech Hubs aim to support regions across the country with assets and resources that have the potential to become globally competitive economic leaders in advanced and emerging technologies, particularly across eight technology themes:
EDA Tech Hubs-alongside other federal programs like U.S. National Science Foundation (NSF)'s Regional Innovation Engines program and the U.S. Defense Department's Microelectronic Commons Hubs program-are carrying out Congress' CHIPS and Science Act's vision of expanding the innovation economy into overlooked parts of the nation. Over the next decade, TechHubs and broader place-based programs hope to promote economic growth beyond the traditional coastal tech enclaves like Silicon Valley.
Aligning emerging technology and workforce development will be essential to achieving the CHIPS Act's including global leadership and staving off competition from China, increasing productivity through technological innovation, promoting inclusive growth, and spurring job creation in underserved or overlooked communities.
In that mission, Tech Hubs and Historically Black Colleges and Universities (HBCUs) have new opportunities to partner and realize the promise of inclusive science- and technology-driven economic growth. New and existing funding opportunities from the U.S. National Science Foundation can especially augment Tech Hub resources to ensure workforce needs are met and that opportunity is maximized.
Mapping HBCU partners across Place-based Tech Hubs
If Tech Hubs are to be successful in growing inclusive innovation ecosystems that look more like the nation than Silicon Valley and the high-tech sector do today, they'll need to engage a broad coalition of diverse education and training providers to broaden pathways to good jobs in the innovation economy.
New America's Future of Work and Innovation Economy initiative has documented how America's 1,200+ community colleges are critical to CHIPS' place-based, tech-driven investments given the number of students from underrepresented, working-class families who enroll at these institutions-and the sheer volume of skilled technical workforce needs in emerging industries.
However, HBCUs also have a key role in achieving TechHubs' multi-prong mission. In addition to a deep bench of community college partners, Tech Hubs include several HBCU partners.
Tech Hubs aren't the only part of CHIPS that has emphasized HBCU partnerships. In February 2024, coinciding with Black History Month, the U.S. Commerce Department announced the HBCU CHIPS Network, a collaboration between several HBCUs and Georgia Tech.
The HBCU CHIPS Network will coordinate resources across participating higher education institutions to foster a skilled and diverse workforce in the semiconductor industry, which has been the most visible focus of the CHIPS Act.
Tech Hubs' HBCU partnerships can complement such activities beyond the semiconductor sector and into other advanced technology areas.
NSF funding for HBCUs in Tech Hubs and Place-based investments
Beyond the workforce mission, Tech Hubs and HBCUs likely have collaboration potential across the other three mission pillars of the program, including supporting high-potential entrepreneurs, research, and technology development efforts.
In addition to creating programs like TechHubs, the CHIPS Act also enabled the NSF to undergo a notable evolution that is especially timely.
CHIPS created the first new arm at the agency in over thirty years - the Technology, Innovation, and Partnerships Directorate - which is responsible for supporting technology development, economic growth, and workforce development around emerging technology areas synergistic to Tech Hubs.
The technology directorate, often in partnership with other divisions of NSF or with companies like Micron and Global Foundries, has expanded funding opportunities for institutions that normally get less attention from the agency, including community colleges and HBCUs.
NSF funding programs to support HBCUs in innovation ecosystems include but are not limited to:
These programs represent only a snapshot of NSF funding opportunities Tech Hubs and HBCUs can consider to bolster their collaborations.
Tech Hub implementation has only just begun, but as governors, mayors, and ecosystem builders advance their work to grow the innovation economy in left-behind regions, HBCU partnerships are poised to accelerate regional transformation.
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