Minnesota tech hub designated for federal investment

Minnesota tech hub designated for federal investment

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(ABC 6 News) – The U.S. Department of Commerce chose Minnesota as one of the country’s 31 inaugural “tech hubs.”

The designation from the Department of Commerce means the state can apply to receive up to $75 million in federal grants to help the medical industry.

Senator Amy Klobuchar expressed excitement for what opportunities the new grant will created . “We want to make sure we are leading the way for the next century of innovation,” she said. “We are home to world class hospitals, treatment centers, and medical tech companies.”

The effort, labeled as ‘Minnesota MedTech 3.0,’ brings together hospitals, researchers and medical manufacturers with a goal to speed up innovation as well as create new jobs and, improve health care.

The money comes from the 2022 CHIPS and Science Act, which aims to stimulate investment in new technologies.