Biden administration allocates $5.04bn to promote regional innovation
This grant from the Biden administration is said to be aimed at boosting U.S. technology and innovation capabilities and manufacturing strength and creating high-paying jobs.
Biden administration announced it would provide $504 million to fund 12 regional science, technology and innovation centres covering areas such as quantum computing, biomanufacturing, artificial intelligence, lithium batteries, computer chips, personalised medicine and clean energy, with the aim of boosting U.S. science, technology and innovation capabilities and manufacturing strengths, and creating high-paying jobs.
- Elevate Quantum Tech Hub in Colorado and New Mexico receives $41 million grant
- Montana's Headwaters Hub gets $41 million grant
- Indiana's Heartland BioWorks receives $51 million grant
- Illinois' iFAB Tech Hub Grants $51 Million Nevada Tech Hub Grants $21 Million
- NY SMART I-Corridor in New York gets $40 million grant
- ReGen Valley Tech Hub in New Hampshire gets $44 million grant
- SC Nexus for Advanced Resilient Energy in South Carolina and Georgia receives $45 million grant
- Florida's South Florida ClimateReady Tech Hub receives $19 million grant
- Ohio's Sustainable Polymers Tech Hub receives $51 million grant
- Oklahoma's Tulsa Hub for Equitable & Trustworthy Autonomy receives $51 million grant
- Wisconsin Biohealth Tech Hub receives $51 million grant
The funding comes from the Department of Commerce's Economic Development Administration (EDA) to promote economic development in different regions across the U.S., and is not limited to tech-savvy metropolises like San Francisco and Silicon Valley. With this investment, the administration hopes to stimulate local economic vitality and promote technology innovation and manufacturing nationwide.
Commerce Secretary Raimondo said the diversity of the U.S. population is a source of its creativity and influence, and expressed optimism about the country's economic and technological strength. She stressed that the government plans to provide more funding to allow all designated science and technology centres to compete and further enhance the competitiveness of the United States in the global science and technology arena.
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