Deadline for input on “Tech Hubs” program passes, one organization shares its input
SSTI, better known as the State Science and Technology Institute, writes that "the opportunity for growth in the nation demands a thoughtful and actionable plan." Caution is advised rather than succumbing to the temptation to get the money out the door as fast as possible.
In mid-February (see teknovation.biz article here), we noted that the U.S. Department of Commerce’s Economic Development Administration (EDA) was seeking public input on its new “Tech Hubs” program that was approved by Congress as part of the “CHIPS and Science Act of 2022” and for which EDA was appropriated $500 million in the FY2023 Omnibus Appropriations Bill.
It’s a significant amount of funds that could really transform a region. Responses were due in mid-March, and one of those responders that shared its input was SSTI, better known as the State Science and Technology Institute.
“With $10 billion authorized for the program, and $500 million appropriated, the opportunity for growth in the nation demands a thoughtful and actionable plan,” the Ohio-based organization wrote. “SSTI argues that where the country is now has been decades in the making; therefore, a deliberate, well-considered plan providing ample opportunity for regions to both comment on proposed program guidelines and develop local partnerships is needed. In short, EDA should resist the temptation to get the money out the door as fast as possible.”
SSTI’s full 12-page response can be found here.