The Biden administration is providing $504 million in implementation grants for a dozen technology hubs across the country. These hubs will receive funding to develop quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine, and other technologies.
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 and was designated by President Biden in October 2023 as part of his plan to invest in American innovation. In addition to this funding, the administration is advocating for additional funds 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, ReGen Valley Tech Hub in New Hampshire and SC Nexus for Advanced Resilient Energy in South Carolina and Georgia. The South Florida ClimateReady Tech Hub and Sustainable Polymers Tech Hub in Ohio are also among those receiving grants. Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma and Wisconsin Biohealth Tech Hub were also included on this list.
