Commerce Department starts process to fund tech hubs across the US with $500 million in grants

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Commerce Department starts process to fund tech hubs across the US with $500 million in grants
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The Commerce Department is launching the application process for cities to receive a total of $500 million in grants to become technology hubs.

FILE - Commerce Secretary Gina Raimondo listens during a meeting with President Joe Biden's"Investing in America Cabinet," in the Roosevelt Room of the White House, Friday, May 5, 2023, in Washington. Health and Human Services Secretary Xavier Becerra looks on at left. The Commerce Department on Friday, May 12, 2023, is launching the application process for cities to receive a total of $500 million in grants to become tech hubs.

It's an attempt to expand tech investment that is largely concentrated around a few U.S. cities — Austin, Texas; Boston; New York; San Francisco; and Seattle — to the rest of the country.Commerce Secretary Gina RaimondoThe Biden administration has made it a priority to set an industrial strategy of directing government investment into computer chips, clean energy and a range of other technologies.

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