WASHINGTON – Today, U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) announced that the U.S. Economic Development Administration (EDA) selected two projects in Virginia as part of the first phase of EDA’s Regional Tech Hubs Program.
The Tech Hubs Program, made possible by the CHIPS and Science Act, bipartisan legislation strongly supported by both senators, aims to strengthen U.S. economic and national security by investing in regions across the country that have the assets, resources, and potential to become globally competitive innovation centers focused on the technologies and industries of the future. Specifically, this U.S. Department of Commerce program brings together diverse public, private, and academic partners into collaborative consortia focused on driving inclusive regional growth. With their existing innovation assets as a foundation, these Tech Hubs are envisioned to build the workforce of the future, enable businesses to start and scale, and deploy and deliver critical and emerging technologies.
In the Richmond/Petersburg region, the Advanced Pharmaceutical Manufacturing Tech Hub was designated as one of 31 inaugural Tech Hubs in regions across the country that show potential for rapid growth in key technology sectors. Led by the Commonwealth Center for Advanced Manufacturing, this consortium will ensure that critical pharmaceuticals are manufactured here in America by employing regional assets, scientific capacities, and public and private investment to accelerate the growth, innovation, and sustainability of the U.S.-based pharmaceutical manufacturing industry. This comes as increasing overseas manufacturing creates supply chain vulnerabilities and difficulties in pharmaceutical quality regulation and monitoring. The designation of the Richmond/Petersburg region as a Tech Hub builds off last year’s award of $52.9 million from the EDA’s Regional Challenge program to the Virginia Advanced Pharma Manufacturing (APM) Cluster, led by the Virginia Biotechnology Research Partnership Authority and located in the Richmond/Petersburg region. That award, dedicated to expanding the domestic supply chain for essential medicines and critical active pharmaceutical ingredients, was made possible by the American Rescue Plan that the senators voted for and by the senators’ efforts to advocate directly for the project.
“The CHIPS and Science Act continues to deliver significant wins for Virginia, supporting the creation of an Advanced Pharmaceutical Manufacturing Tech Hub in the Richmond-Petersburg region. I was proud to support this project, which will help make the Richmond-Petersburg region a critical hub for the manufacturing of advanced pharmaceuticals. Today’s announcement will help boost the American pharmaceutical industry while creating 21st century jobs for Virginians,” said Sen. Warner.
“Manufacturing critical medicines, including insulin, in America is good for patients, our workers, our economy, and the stability of our supply chains. That’s why I’ve worked for decades to boost our biotechnology sector in the Richmond region. I helped form and grow the Virginia Biotechnology Research Partnership Authority, a leader of this project, while I was on Richmond City Council, served on the Authority’s board while I was Richmond’s mayor, and appointed its board members while I was governor. Now as Senator, I worked to secure funding from the American Rescue Plan for the project and pushed to make this competitive Tech Hub designation possible. I’ll keep working to advance this critical economic development project for Central Virginia,” said Sen. Kaine.
This designation is part of the first phase of the novel Tech Hubs program 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 and $75 million in each of 5-10 Designated Hubs. The consortium was 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.
In the New River Valley and Danville, the Virginia Additive Manufacturing and Applied Materials Strategy Development Consortium was awarded a Strategic Development Grant, which will go towards advancing a regional strategy based in the New River Valley to develop and deploy additive manufacturing system technologies for heavy industry to re-shore manufacturing and to strengthen domestic supply chain resilience.
“Today’s selection of Virginia’s Additive Manufacturing and Applied Materials Strategy Development Consortium as a Tech Hubs Strategy Development Grant recipient is great news for the New River Valley, Southside, and for the Commonwealth as a whole. I am proud to have supported this application and look forward to continuing the growth of the regions’ innovation economy,” said Sen. Warner. “The CHIPS & Science Act, which I was proud to author and lead through Congress, continues to bring high-paying, competitive jobs to Virginia.”
“Last month, I visited MELD manufacturing in Christiansburg and saw up close the strength of Virginia’s Additive Manufacturing and Applied Materials Strategy Development Consortium. Today’s exciting announcement by the U.S. Department of Commerce is a recognition of the incredible work Virginians have already accomplished through this partnership, and their great potential for job creation in the future. As Seapower Chair on the Senate Armed Services Committee, I am particularly impressed with how these innovations will enhance our national security. I will continue to do all that I can to support economic development in the New River Valley and applaud the innovators there that keep Virginia at the cutting-edge,” said Sen. Kaine.
Led by the New River Valley Regional Commission, this consortium will leverage the grant to increase local coordination and planning activities to strengthen the region’s capacity to manufacture, commercialize, and deploy technologies critical to U.S. economic and national security. This consortium was selected for a grant from a competitive pool of 181 applications.
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.
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