The Joe Biden administration mentioned Tuesday that it was offering $504 million in implementation grants for a dozen “tech hubs” within the states of Ohio, Montana, Nevada and Florida, amongst different areas.
The cash would help the event of quantum computing, biomanufacturing, lithium batteries, pc chips, private drugs and different applied sciences.
The administration is attempting to encourage extra technological innovation throughout the nation as an alternative of permitting it to be concentrated in a couple of metro areas resembling San Francisco, Seattle, Boston and New York Metropolis.
“The truth is there are sensible folks, nice entrepreneurs, and modern analysis establishments all throughout the nation,” Commerce Secretary Gina Raimondo mentioned in a name previewing the announcement. ”We’re leaving a lot potential on the desk if we don’t give them the assets to compete and win within the tech sectors that can outline the twenty first century international economic system.”
The cash comes from the Commerce Division’s Financial Growth Administration. In October 2023, President Joe Biden designated 31 tech hubs. Raimondo mentioned the administration was pushing for extra funding for this system so that each one the designated tech hubs can get further assets to compete.
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