HELENA, MT (July 2, 2024) — Today, the Economic Development Administration (EDA) announced that Montana’s Headwaters Tech Hub will receive $41 million from the Regional Technology and Innovation Hub Program. This funding confirms the State as a global leader in smart photonic sensing systems and their deployment into industry sectors critical to U.S. national and economic security. EDA awarded a total of $504 million to only twelve Tech Hubs across the nation out of more than 300 initial applications. The award is the successful outcome of the team’s application package submitted in late February.
“We’re thrilled that the decision-makers in DC have recognized the strength of what Montana’s tech industry has to offer. This incredible win is the result of more than 18 months of focused effort from an outstanding and deeply committed team. The Tech Hub investment is going to have a profound impact on Montana’s economy and will strengthen our nation’s security by growing domestic manufacturing and innovation in crucial technology areas” states Headwaters Tech Hub Executive Director Tim VanReken.
