Chamber reacts to CHIPS and Science Act law

President Biden has signed into law the $280 billion CHIPS and Science Act which includes a $10 billion investment over five years to create 20 geographically distributed “regional technology hubs” that will focus on technology development, job creation, and expanding U.S. innovation capacity. The Greater Madison Chamber of Commerce has partnered with the Brookings Institution on this issue and led multiple delegations of Greater Madison business leaders to Capitol Hill to advocate for this proposal. Chamber President Zach Brandon, who called the new law a huge opportunity for Greater Madison and Wisconsin, notes that a 2019 Brookings report touted the Madison region “as the prime candidate for tech hub growth” and cited the “need to develop more such hubs across the nation’s heartland.”