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The U.S. Department of Commerce’s Economic Development Administration (EDA) recently announced it has awarded $19.5 million to the South Florida ClimateReady Tech Hub, spearheaded by Miami-Dade County under the leadership of Mayor Daniella Levine Cava, to accelerate regional technology and innovation-led growth by boosting the capacity to manufacture, commercialize, and deploy key climate technologies.
“South Florida’s Tech Hub designation underscores our global leadership in climate solutions. This investment from the Biden-Harris administration will enable us to confront the climate crisis head-on, driving economic innovation and creating high-quality jobs here in South Florida,” said Miami-Dade County Mayor Daniella Levine Cava. “Miami-Dade is proud to collaborate with public sector, academic, and private partners from Broward, Monroe, and Palm Beach counties on this groundbreaking initiative.”
The ClimateReady Tech Hub is one of the 31 Tech Hubs designated by the EDA in October 2023, chosen from nearly 200 applicants nationwide. Less than half were awarded Phase 2 implementation funding. This significant federal investment will jump start climate innovation from public, private, academic, tribal, and community partners, positioning South Florida as a leader in adaptation and mitigation technology that can withstand extreme weather events, increased flooding, and rising temperatures.
The EDA highlighted that South Florida’s application “demonstrated the leadership and potential to leverage regional assets, talent, and technological expertise to become a world-class, globally competitive technology innovation center.”
“This funding marks a pivotal moment for South Florida,” said Francesca de Quesada Covey, Regional Innovation Officer of the ClimateReady Tech Hub and Chief Innovation and Economic Development Officer of Miami-Dade County.
“The ClimateReady Tech Hub is not only the only recognized hub focused on finding solutions to our pressing climate challenges but also brings economic benefit in jobs and increased GDP to all of our communities from Palm Beach down to Monroe Counties, and west to the bordering Miccosukee nation,” de Quesada Covey added.
The ClimateReady Tech Hub aims to address the climate crisis by developing, commercializing, and scaling technologies focused on climate adaptation and mitigation. Initial projects include advancements in clean concrete, coastal defense systems, and next-generation HVAC solutions.
This initial phase is projected to create 23,000 new high-paying jobs over the next five years. Once fully operational, the Tech Hub is expected to generate $41 billion in new revenue over the next decade, establishing South Florida as a global hub in the $1.3 trillion market for sustainable and resilient infrastructure.
The project has garnered bipartisan support from Members of Congress representing Miami-Dade, Broward, Palm Beach and Monroe Counties including U.S. Rep. Frederica Wilson, U.S. Rep. Debbie Wasserman-Schultz, U.S. Rep. Carlos Gimenez, U.S. Rep. María Elvira Salazar, U.S. Rep. Jared Moskowitz, U.S. Rep. Sheila Cherfilus-McCormick, U.S. Rep. Lois Frankel, U.S. Rep. Byron Donalds and U.S. Rep. Maxwell Frost all of whom endorsed the project. U.S. Senator Marco Rubio also endorsed the project.
The ClimateReady Tech Hub is a consortium of local governments, businesses, universities, and organizations, originally convened by the South Florida Regional Planning Council and provided technical assistance support from Kenneth C. Griffin, Citadel and the Knight Foundation. These organizations collectively represent the region’s four counties and combine a diverse range of expertise, resources, and perspective to build a globally leading climate tech ecosystem.
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