Scholars at the Brookings Institution are suggesting that Congress invest in a $100 billion package to support 10 potential technology growth centers and foster innovation outside of traditional tech hubs like Silicon Valley.
At a Jan. 29 event, members of the think tank and outside experts explained that the technology sector of the U.S. economy grows in a geographically uneven way. To spread the benefits of the tech boom, Congress should establish a competition to decide which metropolitan areas will receive financial and regulatory support to boost local innovation industries, a Brookings report argues.
