Biden administration provides $504 million to support 12 technology hubs nationwide

The Biden administration says it's providing $504 million in implementation grants for a dozen technology hubs in Ohio, Montana, Nevada and Florida, among other locations. The Democratic administration tries 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 would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies. The money announced Tuesday comes from the Commerce Department’s Economic Development Administration. Commerce Secretary Gina Raimondo says there are “smart people, great entrepreneurs, and leading-edge research institutions all across the country.”