"I thank Sen. Brown for his continued support of our region and our city, and I look forward to the work ahead here in Akron."
With the Tech Hub designation, the Northeast Ohio city will be eligible for an implementation award in the tens of millions of dollars range from the EDA (between five and 10 of the 30 Tech Hubs will be selected for this money).
Akron already has secured a $400,000 strategy development grant from the Commerce Department's Economic Development Administration for the University of Akron and the Akron Chamber of Commerce for Sustainable Polymers.
"It's exciting to see progress in the work we've done with our industry and economic development partners over the last couple years to double down on our region's legacy in polymers to create a new future for advanced materials that are both functional and sustainable," Steve Millard, president and CEO of the Greater Akron Chamber of Commerce, said.
"Being selected for the designation and strategy development grant is both validating for our work and another step toward investing in our region's future."
Millard said he knew competition for the selection "would be fierce," but remains confident that the region's history brings scientific know-how and capacity for innovation.
"We appreciate the support and the investment in what's next for advanced, sustainable polymers," he said.
The thrust of innovations at the Akron Tech Hub will center on the semiconductor, electric vehicle and battery spaces.
A specific location has not yet been determined for the Akron hub, according to Brown's office. The city and its partners are set to release a development plan in the spring.
"This is a community with a rich history of partnership and collaboration for economic development, work force creation and innovation," said Gary Miller, president of the University of Akron. "Our designation as a Tech Hub and the awarding of a development grant both affirms this great history and ensures our continuation as a national leader in polymer and advanced materials research, education, training and technology innovation."