The Biden administration last week announced the designation of 31 regional “tech hubs” across the United States, as part of a new program launched by the Commerce Department. The program aims to boost a region’s technological capabilities by collaborating with private industry, educational institutions, governments, tribes, and labor groups to produce research that drives innovation and supports economically challenged areas.
The tech hubs program is the latest example of U.S. industrial policy, or government intervention aimed at promoting strategic industries as a means to gain a competitive advantage in those sectors. Industrial policy is often associated with authoritarian countries like China, but more recently it has seen a resurgence in the U.S. as well.
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