The Biden administration announced Tuesday that it would provide $504 million in implementation grants to 12 “tech hubs” in states including Ohio, Montana, Nevada and Florida.
This funding will be Quantum Computingbiomanufacturing, lithium batteries, computer chips, personalized medicines and other technologies.
The Administration is trying to encourage more innovation across the country, rather than allowing it to be concentrated in a few large metropolitan areas, such as San Francisco, Seattle, Boston, and New York City.
“The reality is that we have smart people, incredible entrepreneurs and cutting-edge research institutions across this country,” Commerce Secretary Gina Raimondo said in a conference call previewing the announcement.
“If we don't give them the resources to compete and win in the technology sectors that will define the global economy of the 21st century, we're missing out on a lot of opportunity.” The funding comes from the Commerce Department's Economic Development Administration. President Joe Biden designated 31 technology hubs in October 2023. Raimondo said the administration is seeking to increase funding for the program so all designated tech hubs have the additional resources to compete.
The technology hubs to receive funding are: $41 million for the Elevate Quantum Tech Hub in Colorado and New Mexico, $41 million for the Headwaters Hub in Montana, $51 million for Heartland BioWorks in Indiana, $51 million for the iFAB Tech Hub in Illinois, $21 million for the Nevada Tech Hub, $40 million for the NY SMART I-Corridor Tech Hub in New York, $44 million for the ReGen Valley Tech Hub in New Hampshire, $45 million for the SC Nexus for Advanced Resilient Energy in South Carolina and Georgia, $19 million for the ClimateReady Tech Hub in South Florida, $51 million for the Sustainable Polymers Tech Hub in Ohio, $51 million for the Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma, $19 million for the Wisconsin Biohealth Hub … $51 million for Teach Hub;
