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July 2, 2024

$504 Million Tech Hub Funding Includes $41 Million For Elevate Quantum

The Quantum Insider Logo

July 2, 2024

$504 Million Tech Hub Funding Includes $41 Million For Elevate Quantum

The Quantum Insider Logo

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.

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