Baltimore competes to become a federal tech hub that could bring 52,000 jobs

Baltimore-area leaders aim to be in the running to become a national tech hub similar to Silicon Valley or Boston as the city competes for a federal designation and billions of dollars in funding. A 35-member consortium led by the Greater Baltimore Committee is finalizing a bid seeking to become one of 20 or more cities or regions chosen for the federal Tech Hubs Program. If it succeeds, federal funding — an estimated $500 million over five years — is expected to generate $3.2 billion in economic impact and 52,000 jobs by 2030 in a region including Baltimore and seven surrounding counties, GBC officials say.