Remote work in far-flung places may serve you well. But it just won’t do for big economic investments.
The biggest federal government investment in emerging technologies in generations is the CHIPS Act, which includes the US Economic Development Administration’s Tech Hubs program, announced earlier this year. This is quietly playing out in wonkish policy circles but will have lasting impact for employers and economic development strategies for years.
“If we’re going to restore production in the US and simultaneously decarbonize the economy, that changes an enormous amount of products, processes and policies,” said Bruce Katz, the longtime urban policy wonk who is now director at Drexel University’s Nowak Metro Finance Lab. “This Tech Hub program signals how the Biden Administration and bipartisan members in Congress think about industrial policy.”
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