The Biden administration has announced $504 million in implementation grants for 12 technology hubs across the country, including Ohio, Montana, Nevada, and Florida. This funding will support the development of a range of technologies, including quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine, and more.
Commerce Secretary Gina Raimondo emphasized the importance of spreading technological innovation across the country rather than concentrating it in a few metro areas. She highlighted that there are smart people, great entrepreneurs, and leading-edge research institutions nationwide that should have the resources to compete in the tech sectors that will define the 21st-century global economy.
The funding comes from the Commerce Department’s Economic Development Administration (EDA), and in October 2023, President Biden designated 31 tech hubs. The administration is advocating for additional funding for the program to ensure all designated tech hubs receive the necessary resources to compete effectively.
Some of the tech hubs receiving funding include Elevate Quantum Tech Hub in Colorado and New Mexico, Headwaters Hub in Montana, Heartland BioWorks in Indiana, iFAB Tech Hub in Illinois, Nevada Tech Hub, NY SMART I-Corridor Tech Hub in New York
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