Biden Administration Allocates $504 Million to Enhance 12 Technology Hubs Across the Nation

The Biden administration announced on Tuesday that it would be providing $504 million in implementation grants for a dozen technology hubs in Ohio, Montana, Nevada, and Florida, among other locations. This funding is intended to support the development of technologies such as quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine, and more.

In an effort to encourage technological innovation across the country, the Democratic administration is looking to spread resources beyond the traditional tech hubs like San Francisco, Seattle, Boston, and New York City. Commerce Secretary Gina Raimondo emphasized the importance of supporting smart people, entrepreneurs, and research institutions nationwide to ensure that the U.S. remains competitive in the tech sectors that will define the 21st-century global economy.

The funding comes from the Commerce Department’s Economic Development Administration and is part of President Joe Biden’s initiative to designate 31 tech hubs in October 2023. Raimondo stated that the administration is advocating for additional funding for the program to ensure that all designated tech hubs can receive the necessary resources to compete effectively.

The technology hubs that will be receiving funding include the Elevate Quantum Tech Hub in Colorado and New Mexico, the 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, SC Nexus for Advanced Resilient Energy in South Carolina and Georgia, South Florida ClimateReady Tech Hub, Sustainable Polymers Tech Hub in Ohio, Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma, and Wisconsin Biohealth Teach Hub.