Biden administration provides $504 million to support 12 'tech hubs' nationwide

The Biden medication says it's providing $504 cardinal successful implementation grants for a twelve “tech hubs” successful Ohio, Montana, Nevada and Florida, among different locations

WASHINGTON -- The Biden medication said Tuesday that it was providing $504 cardinal successful implementation grants for a twelve “tech hubs" successful Ohio, Montana, Nevada and Florida, among different locations.

The wealth would enactment the improvement of quantum computing, biomanufacturing, lithium batteries, machine chips, idiosyncratic medicine and different technologies.

The medication is trying to promote much technological innovation crossed the country, alternatively of allowing it beryllium concentrated successful a fewer metro areas specified arsenic San Francisco, Seattle, Boston and New York City.

“The world is determination are astute people, large entrepreneurs, and leading-edge probe institutions each crossed the country," Commerce Secretary Gina Raimondo said successful a telephone previewing the announcement. ”We’re leaving truthful overmuch imaginable connected the array if we don’t springiness them the resources to vie and triumph successful the tech sectors that volition specify the 21st period planetary economy."

The wealth comes from the Commerce Department's Economic Development Administration. In October 2023, President Joe Biden designated 31 tech hubs. Raimondo said the medication was pushing for much backing for the programme truthful that each the designated tech hubs tin get further resources to compete.

The tech hubs receiving backing include:

— $41 cardinal for the Elevate Quantum Tech Hub successful Colorado and New Mexico

— $41 cardinal for the Headwaters Hub successful Montana

— $51 cardinal for Heartland BioWorks successful Indiana

— $51 cardinal for the iFAB Tech Hub successful Illinois

— $21 cardinal for the Nevada Tech Hub

— $40 cardinal for the NY SMART I-Corridor Tech Hub successful New York

— $44 cardinal for ReGen Valley Tech Hub successful New Hampshire

— $45 cardinal for the SC Nexus for Advanced Resilient Energy successful South Carolina and Georgia

— $19 cardinal for the South Florida ClimateReady Tech Hub

— $51 cardinal for the Sustainable Polymers Tech Hub successful Ohio

— $51 cardinal for the Tulsa Hub for Equitable & Trustworthy Autonomy successful Oklahoma

— $51 cardinal for the Wisconsin Biohealth Teach Hub.