Greater Richmond earns U.S. Tech Hub designation
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The Greater Richmond region is one of 31 communities recently named a national Tech Hub by the U.S. Economic Development Administration.
Of the 31 designated communities, Greater Richmond is one of just 13 that were also named Build Back Better Regional Challenge awardees – and the only one for pharmaceutical manufacturing.
According to analysis by a Greater Richmond Partnership research team, the Richmond metro area offers significant cost savings for both employees and employers – an estimated $115,500 in annual savings compared to the U.S. average.
GRP also highlighted the region's abundant tech talent as a factor in Richmond's designation, noting that Business Facilities Magazine named Virginia number one in the nation for tech talent in 2022 and number two in 2023.
