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Biden administration invests $504M in 12 more tech hubs
The US Department of Commerce announced $504 million in funding for 12 tech hubs to scale up domestic production of critical technologies. #pressrelease
July 2, 2024
2 Min Read
The Biden-Harris Administration, through the U.S. Department of Commerce's Economic Development Administration (EDA), announced another funding round of approximately $504 million in implementation grants to 12 Tech Hubs to scale up the production of critical technologies, create jobs in innovative industries, strengthen U.S. economic competitiveness and national security, and accelerate the growth of industries of the future in regions across the United States.
The Tech Hubs Program is a flagship initiative of President Biden’s Administration to invest in and grow the economies in communities across the country, advancing America’s global leadership in critical technologies, and strengthening our national and economic security.
President Biden announced the selection of 31 Tech Hubs Designees in October 2023. EDA has selected projects for funding in each of the 12 Hubs below, with award amounts to be finalized in the coming months.
Tech Hubs implementation awardees are:
Elevate Quantum Tech Hub Colorado, New Mexico)
Lead Agency: Elevate Quantum
Technology Focus: quantum information technology
Estimated Award Amount: $41 millionHeadwaters Hub (Montana)
Lead Agency: Accelerate Montana
Technology Focus: smart photonic sensor systems
Estimated Award Amount: $41 millionHeartland BioWorks (Indiana)
Lead Agency: Applied Research Institute
Technology Focus: biomanufacturing
Estimated Award Amount: $51 millioniFAB Tech Hub (Illinois)
Lead Agency: University of Illinois Urbana-Champaign
Technology Focus: precision fermentation and biomanufacturing
Estimated Award Amount: $51 millionNevada Tech Hub (Nevada)
Lead Agency: University of Nevada, Reno
Technology Focus: lithium batteries and electric vehicle materials
Estimated Award Amount: $21 millionNY SMART I-Corridor Tech Hub (New York)
Lead Agency: CenterState Corporation for Economic Opportunity
Technology Focus: semiconductor manufacturing
Estimated Award Amount: $40 millionReGen Valley Tech Hub (New Hampshire)
Lead Agency: Advanced Regenerative Manufacturing Institute
Technology Area: biofabrication
Estimated Award Amount: $44 millionSC 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 millionSouth 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 millionSustainable Polymers Tech Hub (Ohio)
Lead Agency: Greater Akron Chamber
Technology Focus: sustainable polymers
Estimated Award Amount: $51 millionTulsa Hub for Equitable & Trustworthy Autonomy (Oklahoma)
Lead Agency: Tulsa Innovation Labs
Technology Focus: secure autonomous systems
Estimated Award Amount: $51 millionWisconsin Biohealth Tech Hub (Wisconsin)
Lead Agency: BioForward Wisconsin
Technology Focus: personalized medicine
Estimated Award Amount: $49 million
The Tech Hubs Program was authorized by the bipartisan CHIPS and Science Act, a key part of President Biden's Investing in America agenda, which he signed into law in August 2022. The statute authorized $10 billion for the program over five years. To date, EDA has been appropriated $541 million for the program.
Read the full press release here.
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