WASHINGTON, D.C. — Today, Congresswoman Nikki Budzinski (IL-13) applauded the announcement that the U.S. Department of Commerce’s Economic Development Administration (EDA) has designated the iFAB Tech Hub in Champaign, Illinois as one of the 31 inaugural Tech Hubs in regions across the country that show potential for rapid growth in key technology sectors.
“As we work to drive 21st century agricultural innovation, the University of Illinois is uniquely positioned to make significant technological advances,” said Congresswoman Budzinski. “I couldn’t be more excited to see the Illinois Fermentation and Agriculture Biomanufacturing Hub at my alma mater designated as a Tech Hub. This designation will further establish the Decatur to Champaign region as America’s Ag Tech Corridor and support Illini students and faculty as they create a brighter future for American agriculture.”
The iFAB Tech Hub, a consortium led by the University of Illinois Urbana-Champaign, will increase domestic biomanufacturing through the development and deployment of capacity and equipment for biomanufacturing innovators while also training a skilled workforce.
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.
The 31 Tech Hubs were selected from 198 applications from regional consortia that include industry, academia, state and local governments, economic development organizations, and labor and workforce partners. The Tech Hubs span regions across 32 states and Puerto Rico and represent a cross section of urban and rural regions.
For a full list of Tech Hubs, visit TechHubs.gov.