Department of Commerce rescinds six Tech Hubs awards
The Economic Development Administration will release a new notice of funding opportunity this summer with the goal of announcing selections in early 2026.
The U.S. Department of Commerce has rescinded the previous administration’s awarding of six Tech Hubs designations to revamp the program.
In a statement from Commerce Secretary Howard Lutnick posted on the department’s website, Lutnick said, “The Commerce Department is revamping the Tech Hubs program to prioritize national security, project quality, benefit to the taxpayer, and a fair process. The EDA (Economic Development Administration) will release a new notice of funding opportunity this summer with the goal of announcing selections in early 2026. To be clear, this decision is not an indictment of the work that the previously selected Tech Hubs are doing. They can compete for funding alongside all other prospective applicants. This decision is about fairness and making prudent choices with hard earned taxpayer dollars. The process will be transparent, fair, and ensure that the American taxpayers are investing in the best technological advancements to bolster the growth of critical industries in the United States.”
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