Raimondo Emphasizes Distributed Innovation: Biden Administration Allocates $504 Million in Tech Hub Grants Across the US

The Biden administration has allocated $504 million in implementation grants for technology hubs across the country, including locations in Ohio, Montana, Nevada, and Florida. The funding will support the development of advanced technologies such as quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and more. The aim is to foster technological innovation nationwide 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 across the country 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 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 and NY SMART I-Corridor Tech Hub in New York. Additionally there are 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 and Tulsa Hub for Equitable & Trustworthy Autonomy in Oklahoma .