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GSL Applauds Congressional Passage of Priority “Tech Hub” Legislation

GSL Applauds Congressional Passage of Priority “Tech Hub” Legislation

Congress has passed legislation authorizing the establishment of 20 “tech hubs” across the country, a key legislative priority of Greater St. Louis, Inc.

“These tech hubs have the potential to lead the nation in technology research, development, and manufacturing, and we believe the St. Louis metro is a prime candidate for one of the 20 tech hub designations,” said Greater St. Louis, Inc. CEO Jason Hall. “That could drive millions of dollars in federal investment to our metro.”

Greater St. Louis, Inc. advocated for congressional support of the establishment of the regional tech hub program, which was included in the CHIPS and Science Act of 2022, legislation boosting spending for the construction and expansion of semiconductor manufacturing facilities like MEMC Electronic Materials Inc., which last year announced the expansion of its regional silicon wafer production facility in O’Fallon, Missouri.

“The STL 2030 Jobs Plan has helped prepare the region to seek and compete for this and other federal funding opportunities, like the Build Back Better Regional Challenge, for which we are a finalist,” added Hall. “We look forward to working with our allies in Washington, DC, and our partners in the St. Louis metro to create more high-tech jobs and drive inclusive economic growth across the region.”

Having secured congressional passage, the bill now heads to President Biden, who has already signaled his support.

“On behalf of the bi-state St. Louis business community, we applaud the members of our congressional delegation who made passage possible,” said Tracy Henke, Chief Policy Officer of Greater St. Louis, Inc. “Most notably, we thank Senators Roy Blunt (R-MO), Dick Durbin (D-IL), and Tammy Duckworth (D-IL), and Representatives Cori Bush (MO-01) and Rodney Davis (IL-13) for their leadership and support.”

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