Biden Administration Designates Tech Hubs Across the United States

Biden Administration Designates Tech Hubs Across the United States

Business

The Biden administration has designated 31 ‘tech hubs’ across 32 states and Puerto Rico to promote innovation, create jobs, and bridge the tech investment gap between major cities and the rest of the country. The initiative received an overwhelming response, with 400 applications received by the Commerce Department. The tech hubs aim to stimulate investments in emerging technologies and spread economic opportunities across various states and regions.

Smith & Wesson Celebrates Grand Opening of New Tennessee Headquarters

Smith & Wesson Celebrates Grand Opening of New Tennessee Headquarters

Business

Gun manufacturer Smith & Wesson celebrates the grand opening of its new Tennessee headquarters. The company relocated from Massachusetts to Tennessee due to proposed legislative restrictions on manufacturing certain firearms. The move is seen as a response to the more gun-friendly environment in Tennessee and the supportive regulatory environment and collaboration with the state government. The new facility is expected to create hundreds of jobs. Tennessee has recently loosened gun restrictions by passing a law allowing most adults 21 and older to carry handguns without a permit, it overwrite previous regulations requiring a state-level background check and training.