WASHINGTON (AP) — The Biden administration said Tuesday that it was providing $504 million in implementation grants for a dozen technology hubs in Ohio, Montana, Nevada and Florida, among other locations.
The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies.
The Democratic administration is trying to encourage more technological innovation across the country, instead of allowing it be concentrated in a few metro areas such as San Francisco, Seattle, Boston and New York City.
“The reality is there are smart people, great entrepreneurs, and leading-edge research institutions all across the country,” Commerce Secretary Gina Raimondo said in a call previewing the announcement. ”We’re leaving so much potential on the table if we don’t give them the resources to compete and win in the tech sectors that will define the 21st century global economy.”
The money comes from the Commerce Department’s Economic Development Administration. In October 2023, President Joe Biden designated 31 tech hubs. Raimondo said the administration was pushing for more funding for the program so that all the designated tech hubs can get additional resources to compete.
The tech hubs receiving funding include:
— $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 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 South Florida ClimateReady Tech Hub
— $51 million for the 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.
—
Rephrased content:
The Biden administration has announced that it is providing $504 million in implementation grants for technology hubs in several states, including Ohio, Montana, Nevada, and Florida. This funding aims to support the advancement of technologies such as quantum computing, biomanufacturing, lithium batteries, computer chips, and personal medicine.
Seeking to promote technological innovation across the nation and avoid concentration in major metro areas like San Francisco and New York City, Commerce Secretary Gina Raimondo emphasized the diverse talent and research capabilities throughout the country. Raimondo underscored the importance of empowering regions nationwide to excel in the technology sectors crucial for the global economy in the 21st century.
The funds, sourced from the Commerce Department’s Economic Development Administration, follow President Joe Biden’s designation of 31 tech hubs in October 2023. Raimondo expressed the administration’s commitment to securing additional funding for the program to ensure all designated tech hubs have the resources needed to compete effectively.
The tech hubs to receive funding include the Elevate Quantum Tech Hub in Colorado and New Mexico, the Headwaters Hub in Montana, Heartland BioWorks in Indiana, the iFAB Tech Hub in Illinois, the Nevada Tech Hub, the NY SMART I-Corridor Tech Hub in New York, the ReGen Valley Tech Hub in New Hampshire, the SC Nexus for Advanced Resilient Energy in South Carolina and Georgia, the South Florida ClimateReady Tech Hub, the Sustainable Polymers Tech Hub in Ohio, the Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma, and the Wisconsin Biohealth Teach Hub.
