The Biden administration stated Tuesday that it was offering USD 504 million in implementation grants for a dozen “tech hubs” in Ohio, Montana, Nevada and Florida, amongst different places.
The cash would assist the event of quantum computing, biomanufacturing, lithium batteries, pc chips, private medication and different applied sciences.
The administration is attempting to encourage extra technological innovation throughout the nation, as a substitute of permitting it’s concentrated in a number of metro areas akin to San Francisco, Seattle, Boston and New York Metropolis.
“The fact is there are good folks, nice entrepreneurs, and modern analysis establishments all throughout the nation,” Commerce Secretary Gina Raimondo stated in a name previewing the announcement.
”We’re leaving a lot potential on the desk if we do not give them the assets to compete and win within the tech sectors that can outline the twenty first century international financial system.” The cash comes from the Commerce Division’s Financial Improvement Administration. In October 2023, President Joe Biden designated 31 tech hubs. Raimondo stated the administration was pushing for extra funding for this system so that every one the designated tech hubs can get further assets to compete.
The tech hubs receiving funding embrace: — USD 41 million for the Elevate Quantum Tech Hub in Colorado and New Mexico — USD 41 million for the Headwaters Hub in Montana — USD 51 million for Heartland BioWorks in Indiana — USD 51 million for the iFAB Tech Hub in Illinois — USD 21 million for the Nevada Tech Hub — USD 40 million for the NY SMART I-Hall Tech Hub in New York — USD 44 million for ReGen Valley Tech Hub in New Hampshire — USD 45 million for the SC Nexus for Superior Resilient Vitality in South Carolina and Georgia — USD 19 million for the South Florida ClimateReady Tech Hub — USD 51 million for the Sustainable Polymers Tech Hub in Ohio — USD 51 million for the Tulsa Hub for Equitable & Reliable Autonomy in Oklahoma — USD 51 million for the Wisconsin Biohealth Train Hub.
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