Biden-Harris Administration Designates Tech Hub In Philadelphia Region To Develop Precision Medicine And Improve Health Equity

As part of the President’s Investing in America agenda, the U.S. Department of Commerce identifies regional centers primed for innovation and job creation.

WASHINGTON, DC — The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today announced that Greater Philadelphia Region Precision Medicine Tech Hub in Pennsylvania was designated as one of the 31 inaugural Tech Hubs in regions across the country that show potential for rapid growth in key technology sectors.

The Greater Philadelphia Region Precision Medicine Tech Hub, a consortium led by Ben Franklin Technology Partners of Southeastern Pennsylvania, will leverage the region’s life sciences assets and research and development expertise to weave together applications in biotechnology, medical technology, genomic, synthetic biology, machine learning, robotics, and others. These efforts aim to position the Greater Philadelphia Region Precision Medicine Tech Hub as a global leader in end-to-end precision medicine, delivering new ways to diagnose, prevent, and treat diseases and increasing evidence-based technology applications to decrease health disparities.

This designation is part of the first phase of the novel Tech Hubs program, authorized by the CHIPS and Science Act, that will invest directly in high-potential U.S. regions and aim to transform them into globally competitive innovation centers. Designation is an endorsement of the region’s strategy to supercharge their respective technological industry to create jobs and strengthen U.S. economic and national security. Designated Tech Hubs are now eligible to apply for the next phase of the Tech Hubs Program that will invest between $50-$75 million in each of 5-10 Designated Hubs.

“President Biden’s Investing in America agenda is rooted in policies that will empower the United States to out-innovate and out-compete the rest of the world. Our Tech Hubs Program is fundamental to that mission and will supercharge innovation across the nation by spurring cutting-edge technological investments and creating 21st century job opportunities in people’s backyards,” said U.S. Secretary of Commerce Gina Raimondo. “Each of these consortia will help us ensure the industries of the future—and their good-paying jobs—start, grow, and remain in the United States.”

“These outstanding consortia exemplify place-based economic development strategies at their best: combining federal resources with regional assets, expertise, and coalitions to implement transformational opportunities,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “As each region develops its own strategy to catalyze innovation and job creation, the entire nation grows more secure and more competitive.”

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