The Biden administration announced on Tuesday that it is providing $504 million in implementation grants for a dozen technology hubs across the United States, including locations in Ohio, Montana, Nevada, and Florida. This funding will support the development of various technologies such as quantum computing, biomanufacturing, lithium batteries, computer chips, and personal medicine.
Commerce Secretary Gina Raimondo emphasized the importance of encouraging technological innovation in regions beyond traditional tech hubs like San Francisco, Seattle, Boston, and New York City. She highlighted the presence of smart people, great entrepreneurs, and leading-edge research institutions across the country and emphasized the need to provide them with the resources to compete and succeed in the tech sectors that will shape the 21st-century global economy.
In October 2023, President Joe Biden designated 31 tech hubs, and Raimondo stated that the administration is advocating for more funding to support all the designated hubs. The tech hubs receiving funding include various states such as Colorado, New Mexico
