June 18, 2021

U.S. Senator Young, Governor Holcomb Tout Young's Technology Investment Bill

Article origination IPBS-RJC
U.S. Sen. Todd Young (R-Ind.), left, and Gov. Eric Holcomb, right, said Indiana is well-positioned to compete for one of the regional technology hubs created by Young's Endless Frontier Act. - Brandon Smith/IPB News

U.S. Sen. Todd Young (R-Ind.), left, and Gov. Eric Holcomb, right, said Indiana is well-positioned to compete for one of the regional technology hubs created by Young's Endless Frontier Act.

Brandon Smith/IPB News

U.S. Sen. Todd Young (R-Ind.) said Indiana should be a strong competitor for a new regional technology hub created in his Endless Frontier Act.

Young’s legislation, which passed the Senate earlier this month, is headed to the U.S. House.

The measure invests billions of dollars in key technology areas and creates regional tech hubs, spread across the country.

Young said that will help ensure the nation’s venture capital isn’t concentrated in just a few states on the coasts, as it is now.

“Simply put, too many of our citizens and the places that they call home are being left out or left behind," Young said. "And we need to make sure that they can fully benefit from this rising tide of 21st century dynamic economic growth.”


Join the conversation and sign up for the Indiana Two-Way. Text "Indiana" to 73224. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues.


Gov. Eric Holcomb said Indiana is well-positioned to benefit from Young’s bill.

“This ecosystem is already in place, already focused on training that talent pipeline,” Holcomb said.

Once the bill passes, the federal government will spend the next five years deciding where the regional tech hubs will be located.

As the legislation moves to the U.S. House, it faces sharp criticism from – among others – U.S. Rep. Jim Banks (R-Columbia City). The Banks-led Republican Study Committee said the bill is too expensive and doesn't do enough to protect American intellectual property from theft by China.

Young deflected that criticism, saying Banks addressed an earlier version of the bill that doesn't reflect what was passed by the Senate.

"He has been vocal and loud, but does not seem conversant in the details of it," Young said.

Young's co-sponsor is U.S. Sen. Chuck Schumer (D-NY), the Senate majority leader.

Contact reporter Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

 

Related News

IDEM: U.S. Steel violated its permit when it released excess iron
Truckers' bid to overturn Indiana Toll Road rate hike fails in federal court
Court says Indiana could end unemployment benefits early, but it's too late to matter now