The Biden administration is investing $504 million in implementation grants for 12 technology hubs across various states, including Ohio, Montana, Nevada, and Florida. The funding will support the development of 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. In October 2023, President Biden designated 31 tech hubs. The administration is advocating for additional funding for the program to ensure all designated tech hubs receive the necessary resources to compete effectively.
Some of the tech hubs receiving funding include Heartland BioWorks in Indiana and Sustainable Polymers Tech Hub in Ohio. Other tech hubs receiving funding include NY SMART I-Corridor Tech Hub in New York and Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma.
