(AP Picture/Mariam Zuhaib)
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WASHINGTON: The Biden administration stated Tuesday that it was offering $504 million in implementation grants for a dozen “tech hubs” in Ohio, Montana, Nevada and Florida, amongst different places.
The cash would help the event of quantum computing, biomanufacturing, lithium batteries, pc chips, private drugs and different applied sciences.
The administration is making an attempt to encourage extra technological innovation throughout the nation, as an alternative of permitting it’s concentrated in just a few metro areas comparable to San Francisco, Seattle, Boston and New York Metropolis.
“The truth is there are good individuals, 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 sources to compete and win within the tech sectors that can outline the twenty first century world economic system.”
The cash comes from the Commerce Division’s Financial Growth 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 each one the designated tech hubs can get extra sources to compete.
The tech hubs receiving funding embody:
- $41 million for the Elevate Quantum Tech Hub in Colorado and New Mexico
- $41 million for the Headwaters Hub in Montana
- $51 million for Heartland BioWorks in Indiana
- $51 million for the iFAB Tech Hub in Illinois
- $21 million for the Nevada Tech Hub
- $40 million for the NY SMART I-Hall Tech Hub in New York
- $44 million for ReGen Valley Tech Hub in New Hampshire
- $45 million for the SC Nexus for Superior Resilient Power in South Carolina and Georgia
- $19 million for the South Florida ClimateReady Tech Hub
- $51 million for the Sustainable Polymers Tech Hub in Ohio
- $51 million for the Tulsa Hub for Equitable & Reliable Autonomy in Oklahoma
- $51 million for the Wisconsin Biohealth Train Hub.
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