Northern Nevada is a federally designated 'Tech Hub'

The Biden administration named Reno one of its 31 Tech Hubs recently, making the city eligible for federal investment amid Northern Nevada’s transformation into the nucleus of the lithium battery supply chain. The Tech Hubs program was created by the 2022 CHIPS and Science Act, a bill boosting U.S. investment in semiconductor manufacturing, a globally competitive industry. Designated Tech Hubs, selected based on the presence of key industries and geographic diversity, will receive extra support and resources from the Economic Development Administration and will be eligible for $10 billion in grants over the next five years.