Biden administration provides $504 million to support 12 technology hubs nationwide

The purpose of the $504 million in grants is to fund 12 technology hubs across the United States, supporting the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine, and other technologies3. The grants aim to encourage more technological innovation across the country and provide resources for tech sectors to compete in the global economy.

Twelve states are receiving tech hub funding, which includes Colorado, New Mexico, Montana, Indiana, Illinois, Nevada, New York, New Hampshire, South Carolina, Georgia, Florida, and Ohio.