Biden administration officials hope the money will help propel technological innovation in areas that have historically received less government funding.

The Biden administration announced $504 million in funding for 12 regional technology hubs on Tuesday, a move it said it expects will drive economic growth in underinvested parts of the U.S.

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,