The Biden administration has announced that it will be providing $504 million in implementation grants for 12 technology hubs across the country. These hubs, located in Ohio, Montana, Nevada, and Florida, among other locations, will support the development of cutting-edge technologies such as quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine, and more.
In a bid to encourage technological innovation across the nation and level the playing field for smaller tech startups outside traditional hubs like San Francisco and New York City, the Democratic administration is distributing these funds beyond traditional tech centers. Commerce Secretary Gina Raimondo emphasized the importance of supporting smart people, entrepreneurs, and research institutions nationwide to ensure that the US remains competitive in the tech sectors that will shape the 21st-century global economy.
The funding comes from the Commerce Department’s Economic Development Administration and is part of President Joe Biden’s initiative to designate 31 tech hubs by October 2023. Raimondo stated that she advocates for additional funding for this program to ensure all designated tech hubs receive necessary resources to compete effectively.
The technology 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 ReGen Valley Tech Hub in New Hampshire SC Nexus for Advanced Resilient Energy in South Carolina and Georgia South Florida ClimateReady Tech Hub Sustainable Polymers Tech Hub in Ohio Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma Wisconsin Biohealth Teach Hub.
