The Biden administration has announced $504 million in implementation grants for a dozen technology hubs across the country. This funding is intended to support the development of emerging technologies such as quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine, and more.
In an effort to encourage technological innovation beyond traditional tech hubs like San Francisco, Seattle, Boston, and New York City, the Democratic administration is spreading resources nationwide. Commerce Secretary Gina Raimondo emphasized the importance of supporting smart people, entrepreneurs, and research institutions across the country 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 by October 2023. Raimondo stated that additional funding for the program is needed to ensure all designated tech hubs have access to necessary resources to compete effectively.
The technology hubs receiving funding include Elevate Quantum Tech Hub in Colorado and New Mexico, 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 City and ReGen Valley Tech Hub in New Hampshire. SC Nexus for Advanced Resilient Energy in South Carolina and Georgia will also receive funds along with South Florida ClimateReady Tech Hub and Sustainable Polymers Tech Hub in Ohio. Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma will also receive support as well as Wisconsin Biohealth Teach Hub.
Overall, this initiative aims to support technological advancements across various sectors while ensuring competition among tech hubs nationwide.
