Article Summary –
The Biden-Harris Administration, through the U.S. Department of Commerce’s Economic Development Administration, announced $504 million in grants to 12 Tech Hubs to advance critical technologies, create jobs, and boost U.S. economic and national security. The Tech Hubs Program, part of President Biden’s Investing in America agenda, aims to leverage regional assets and expertise to transform communities, including those traditionally overlooked, by fostering economic growth in emerging tech sectors such as AI, clean energy, and biotechnology. This initiative, authorized by the CHIPS and Science Act, has already attracted over $4 billion in investment commitments and aims to maintain U.S. global competitiveness by nurturing local innovation ecosystems.
The Biden-Harris Administration has announced a funding round of approximately $504 million in implementation grants through the U.S. Department of Commerce’s Economic Development Administration (EDA). The grants will be distributed to 12 Tech Hubs aimed at scaling up the production of critical technologies and creating jobs in innovative industries. The funding is part of a broader effort to enhance U.S. economic competitiveness and national security and accelerate the growth of future industries.
The Tech Hubs Program is a key initiative of President Biden’s administration to invest in and strengthen local economies across the United States. According to Vice President Kamala Harris, the investment aims to provide opportunities to communities that have historically been overlooked, including rural, Tribal, industrial, and disadvantaged areas. The program focuses on sharing the benefits of emerging industries such as artificial intelligence, clean energy, and biotechnology with these communities.
U.S. Secretary of Commerce Gina Raimondo highlighted that the program helps maintain America’s leadership in critical emerging tech sectors. The initiative is part of President Biden’s agenda to create high-quality, family-sustaining jobs in various regions by leveraging diverse talents and resources nationwide. The selected 12 Tech Hubs will receive their funding amounts, which will be finalized in the coming months.
In October 2023, President Biden announced the selection of 31 Tech Hubs Designees. The current funding round will support implementation projects in 12 of these Hubs, each focusing on different technology areas ranging from quantum information technology to sustainable polymers. The program, authorized by the bipartisan CHIPS and Science Act, aims to boost U.S. manufacturing and global competitiveness.
Tech Hubs implementation awardees are:
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- Elevate Quantum Tech Hub (Colorado, New Mexico)
Lead Agency: Elevate Quantum
Technology Focus: quantum information technology
Estimated Award Amount: $41 million
- Elevate Quantum Tech Hub (Colorado, New Mexico)
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- Headwaters Hub (Montana)
Lead Agency: Accelerate Montana
Technology Focus: smart photonic sensor systems
Estimated Award Amount: $41 million
- Headwaters Hub (Montana)
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- Heartland BioWorks (Indiana)
Lead Agency: Applied Research Institute
Technology Focus: biomanufacturing
Estimated Award Amount: $51 million
- Heartland BioWorks (Indiana)
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- iFAB Tech Hub (Illinois)
Lead Agency: University of Illinois Urbana-Champaign
Technology Focus: precision fermentation and biomanufacturing
Estimated Award Amount: $51 million
- iFAB Tech Hub (Illinois)
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- Nevada Tech Hub (Nevada)
Lead Agency: University of Nevada, Reno
Technology Focus: lithium batteries and electric vehicle materials
Estimated Award Amount: $21 million
- Nevada Tech Hub (Nevada)
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- NY SMART I-Corridor Tech Hub (New York)
Lead Agency: CenterState Corporation for Economic Opportunity
Technology Focus: semiconductor manufacturing
Estimated Award Amount: $40 million
- NY SMART I-Corridor Tech Hub (New York)
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- ReGen Valley Tech Hub (New Hampshire)
Lead Agency: Advanced Regenerative Manufacturing Institute
Technology Focus: biofabrication
Estimated Award Amount: $44 million
- ReGen Valley Tech Hub (New Hampshire)
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- SC Nexus for Advanced Resilient Energy (South Carolina, Georgia)
Lead Agency: South Carolina Department of Commerce
Technology Focus: clean energy supply chain
Estimated Award Amount: $45 million
- SC Nexus for Advanced Resilient Energy (South Carolina, Georgia)
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- South Florida ClimateReady Tech Hub (Florida)
Lead Agency: Miami Dade County Innovation and Economic Development Office
Technology Focus: sustainable and climate-resilient infrastructure
Estimated Award Amount: $19 million
- South Florida ClimateReady Tech Hub (Florida)
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- Sustainable Polymers Tech Hub (Ohio)
Lead Agency: Greater Akron Chamber
Technology Focus: sustainable polymers
Estimated Award Amount: $51 million
- Sustainable Polymers Tech Hub (Ohio)
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- Tulsa Hub for Equitable & Trustworthy Autonomy (Oklahoma)
Lead Agency: Tulsa Innovation Labs
Technology Focus: secure autonomous systems
Estimated Award Amount: $51 million
- Tulsa Hub for Equitable & Trustworthy Autonomy (Oklahoma)
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- Wisconsin Biohealth Tech Hub (Wisconsin)
Lead Agency: BioForward Wisconsin
Technology Focus: personalized medicine
Estimated Award Amount: $49 million
- Wisconsin Biohealth Tech Hub (Wisconsin)
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