Minnesota’s newly designated med-tech hub eligible for millions in federal funding

"Minnesota is now eligible to compete for millions in federal dollars after being designated a tech hub by the U.S. Department of Commerce."

Minnesota is now eligible to compete for millions in federal dollars after being designated a tech hub by the U.S. Department of Commerce.

President Joe Biden announced 31 hubs on Monday.

“The U.S. will lead the world again in innovation across the board,” Biden said at a White House event Monday announcing the decision.

The new program aims to spread the benefits of tech sector growth beyond traditional hubs from California’s Silicon Valley to Boston, said Commerce Secretary Gina Raimondo.

“Those tech ecosystems are concentrated in just a few places around the country,” she told reporters. “They don’t reflect the full potential of our country. … They don’t corner the market on great ideas.”

Share the Post:

Related Posts

Sign up for More Information