How should the federal government spend $10 billion?
Earlier this week, the US Economic Development Administration (EDA) released a Request for Information (RFI) on its Regional Technology and Innovation Hub program. Through the CHIPS and Science Act, $10 billion will be invested in the program through 2027, though a $500 million appropriation has been made available as of Tuesday. The program will designate tech hubs nationwide to receive the funding — and DC could be one of them.
US Assistant Secretary of Commerce for Economic Development Alejandra Castillo said that the $500 million is a down payment on what she thinks will be a transformational program.
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