The Biden administration has allocated $504 million in implementation grants for technology hubs in Ohio, Montana, Nevada, and Florida, among other locations. The funding will support the development of technologies such as quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine, and more. The administration aims to foster technological innovation across the country, rather than concentrating it in a few metropolitan areas like San Francisco, Seattle, Boston, and New York City. Commerce Secretary Gina Raimondo emphasized the importance of providing resources for entrepreneurs, researchers, and institutions nationwide to compete in the global tech sectors of the 21st-century economy.
The funding for the tech hubs comes from the Commerce Department’s Economic Development Administration, with President Joe Biden designating 31 tech hubs in October 2023. Raimondo stated that the administration is advocating for additional funding for the program so that all designated tech hubs can receive the necessary resources to succeed.
The specific tech hubs that are receiving 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.