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July 2, 2024

Biden administration is providing $504 million to help 12 ‘tech hubs’ develop quantum computing, biomanufacturing and other technologies

Fortune Logo

July 2, 2024

Biden administration is providing $504 million to help 12 ‘tech hubs’ develop quantum computing, biomanufacturing and other technologies

Fortune Logo

The Biden administration said Tuesday that it was providing $504 million in implementation grants for a dozen “tech hubs” in Ohio, Montana, Nevada and Florida, among other locations.

The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies.

The 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.

Read the entire article on the official Fortune website by clicking here