Biden Administration Providing Implementation Grant for Technology Hub in Wisconsin

Friday, July 5th, 2024 -- 8:00 AM

(AP) The Biden administration said Tuesday that it was providing $504 million in implementation grants for a dozen technology hubs in Ohio, Montana, Nevada and Florida, among other locations including Wisconsin.

The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies. $51 million will go towards the Wisconsin Biohealth Teach Hub.

The Democratic administration is trying to encourage more technological innovation across the country, instead of allowing it be concentrated in a few metro areas such as San Francisco, Seattle, Boston and New York City.

The money comes from the Commerce Department’s Economic Development Administration. In October 2023, President Joe Biden designated 31 tech hubs. Raimondo said the administration was pushing for more funding for the program so that all the designated tech hubs can get additional resources to compete.

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