The Biden administration says it is allocating $504 million in implementation grants to a dozen tech hubs in Ohio, Montana, Nevada and Florida, as well as other locations
Biden administration allocates $504 million to support 12 tech hubs across the countryThe Biden administration says it is allocating $504 million in implementation grants to a dozen tech hubs in Ohio, Montana, Nevada and Florida, as well as other locationsWASHINGTON (AP) — The Biden administration said Tuesday it is allocating $504 million in implementation grants to a dozen tech hubs in Ohio, Montana, Nevada and Florida, as well as other locations.The money is intended to support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies.The Democratic administration is trying to encourage more technology innovation across the country, rather than allowing it to be concentrated in a few metropolitan areas like San Francisco, Seattle, Boston and New York City."The reality is there are smart people, great entrepreneurs and leading research institutions all across the country," Commerce Secretary Gina Raimondo said in a phone call announcing the announcement. "We're leaving so much potential untapped if we don't give them the resources to compete and win in the technology sectors that will shape the global economy of the 21st century."The money comes from the Commerce Department's Economic Development Administration. In October 2023, President Joe Biden designated 31 technology centers. Raimondo said the administration is pushing for more funding for the program so that all designated technology centers will receive additional resources to remain competitive.Tech hubs funded include:$41 million for Elevate Quantum Tech Hub in Colorado and New Mexico$41 million for Headwaters Hub in Montana$51 million for Heartland BioWorks in Indiana$51 million for iFAB Tech Hub in Illinois$21 million for Nevada Tech Hub$40 million for NY SMART I-Corridor Tech Hub in New York$44 million for ReGen Valley Tech Hub in New Hampshire$45 million for SC Nexus for Advanced Resilient Energy in South Carolina and Georgia$19 million for South Florida ClimateReady Tech Hub$51 million for Sustainable Polymers Tech Hub in Ohio$51 million for the Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma$51 million for the Wisconsin Biohealth Teach Hub.
