How the federal government is reorienting its innovation and economic development funding to focus on places

Summary: As we discussed yesterday with assistant secretary Alejandra Castillo from the Commerce Department, Congress is considering legislation that would designate economic development funding to new “tech hubs” located all around the country. And according to our next guest, that’s part of an emerging trend in how the federal government approaches innovation funding. The National Science Foundation and the Economic Development Administration have already created programs that focus their attention on specific places, rather than individual institutions or research topics. Mark Muro is a senior fellow at the Brookings Institution and policy director for the Brookings Metropolitan Policy Program. He joined the Federal Drive to talk more about it. Learn more about your ad choices. Visit megaphone.fm/adchoices