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U.S. Senator Young, Governor Holcomb Tout Young's Technology Investment Bill

Brandon Smith/IPB News

U.S. Sen. Todd Young (R-Ind.) said Indiana should be a strong competitor for a new regional technology hub created in his Endless Frontier Act.

Young’s legislation, which passed the Senate earlier this month, is headed to the U.S. House.

The measure invests billions of dollars in key technology areas and creates regional tech hubs, spread across the country.

Young said that will help ensure the nation’s venture capital isn’t concentrated in just a few states on the coasts, as it is now.

“Simply put, too many of our citizens and the places that they call home are being left out or left behind," Young said. "And we need to make sure that they can fully benefit from this rising tide of 21st century dynamic economic growth.”

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Gov. Eric Holcomb said Indiana is well-positioned to benefit from Young’s bill.

“This ecosystem is already in place, already focused on training that talent pipeline,” Holcomb said.

Once the bill passes, the federal government will spend the next five years deciding where the regional tech hubs will be located.

As the legislation moves to the U.S. House, it faces sharp criticism from – among others – U.S. Rep. Jim Banks (R-Columbia City). The Banks-led Republican Study Committee said the bill is too expensive and doesn't do enough to protect American intellectual property from theft by China.

Young deflected that criticism, saying Banks addressed an earlier version of the bill that doesn't reflect what was passed by the Senate.

"He has been vocal and loud, but does not seem conversant in the details of it," Young said.

Young's co-sponsor is U.S. Sen. Chuck Schumer (D-NY), the Senate majority leader.

Contact reporter Brandon at or follow him on Twitter at @brandonjsmith5.

Brandon Smith is excited to be working for public radio in Indiana. He has previously worked in public radio as a reporter and anchor in mid-Missouri for KBIA Radio out of Columbia. Prior to that, he worked for WSPY Radio in Plano, Illinois as a show host, reporter, producer and anchor. His first job in radio was in another state capitol, in Jefferson City, Missouri, as a reporter for three radio stations around Missouri. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.