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The U.S. Economic Development Administration Will Provide $41 Million in Subsidies to the Elevate Quantum Tech Hub

Yesterday, the Economic Development Administration (EDA) under the U.S. Department of Commerce announced approximately $504 million in subsidy funds for 12 technology centers across the United States. Among these,  Elevate Quantum Tech Hub, led by Elevate Quantum in Colorado, is expected to receive $41 million in funding. This funding will support its three initiatives, including constructing open-access quantum labs and fabs, providing inclusive workforce development programming, and coordinating the consortium’s overall strategy, stakeholder and investor engagement, and executive management.

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