The Biden administration has announced $504 million in implementation grants to support the development of technology hubs in various locations across the country. These grants will be used to fund advancements in quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine, and other emerging technologies. This initiative aims to promote technological innovation beyond major metropolitan areas like San Francisco, Seattle, Boston, and New York City.
Commerce Secretary Gina Raimondo highlighted the importance of investing in smart people, entrepreneurs, and research institutions across the United States to remain competitive and successful in the tech sectors that will shape the global economy in the 21st century. President Joe Biden designated 31 tech hubs in October 2023, with a focus on increasing funding for these hubs to enhance their competitiveness.
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, ReGen Valley Tech Hub in New Hampshire, SC Nexus for Advanced Resilient Energy in South Carolina and Georgia