{"database": "press", "table": "releases", "rows": [["https://www.bennet.senate.gov/2024/07/02/press-releases-id-b4baf34d-4a80-4835-a53a-c733c6e4f8fd/", "Bennet, Hickenlooper Celebrate Over $40 Million in Federal Funding for Colorado\u2019s Tech Hub Elevate Quantum", "2024-07-02", "2024", "2024-07", "Democrat", "Senate", "CO", "Michael F. Bennet", "B001267", "www.bennet.senate.gov", "bennet", "https://www.bennet.senate.gov/news/page/", "scraper", "Denver \u2014 Colorado U.S. Senators Michael Bennet and John Hickenlooper welcomed the Department of Commerce\u2019s announcement that Colorado\u2019s Elevate Quantum has been awarded $40.5 million in federal funding to support the nation\u2019s leading quantum ecosystem.\n\nThis historic investment from the CHIPS and Science Act\u2019s Regional Technology and Innovation Hubs (Tech Hubs) grant program will also unlock $74 million in state funding and an estimated $1 billion in private capital to solidify the Mountain West as a global leader in quantum technologies.\n\n\u201cColorado is at the forefront of our country\u2019s quantum revolution,\u201d said Bennet. \u201cWe passed the bipartisan CHIPS & Science Act to revive our advanced manufacturing capacity and renew our commitment to cutting-edge research and development in areas like quantum technologies. Today\u2019s announcement underscores the global leadership of Colorado\u2019s quantum industry and the Rocky Mountain region\u2019s role in strengthening our country\u2019s advantage in next-generation technologies. This funding makes it clear that Colorado and the Rocky Mountain West are at the core of America\u2019s quantum future.\u201d\n\n\u201cColorado is the Silicon Valley of the quantum era, and Elevate Quantum is going to lead us there,\u201d said Hickenlooper. \u201cQuantum is going to revolutionize medical drug discovery, supercharge artificial intelligence, strengthen U.S. cybersecurity, and support our transition to clean energy. This is Colorado\u2019s next great success story.\u201d\n\nIn October 2023, the Department of Commerce designated Elevate Quantum as one of only two Tech Hubs focused on advancing quantum technologies. Elevate Quantum is a coalition of over 120 organizations across the Rocky Mountain West, including private companies, startups, workforce development organizations, and universities such as the University of Colorado and Colorado School of Mines. The Elevate Quantum Tech Hub is based in Boulder, and includes partnerships with organizations across Colorado, New Mexico, and Wyoming.\n\nWith a $40.5 million dollar award from the Biden Administration, Elevate Quantum is able to create over 10,000 new jobs in the quantum industry, train 30,000 new workers, and support over 50 new quantum startups over the next decade. Their work will drive drug discovery, discover sources of critical minerals, provide secure encrypted communications, and enhance the capabilities of space-based navigation systems and Earth observation satellites.\n\nIn August, Bennet led every member of the Colorado congressional delegation in a letter to U.S. Department of Commerce Secretary Gina Raimondo that detailed the state\u2019s cutting-edge economy and longstanding support for innovation. In May, Bennet, Hickenlooper and U.S. Representative Joe Neguse published an op-ed in the Colorado Sun to emphasize the global importance of quantum computing and push for federal funding for Colorado\u2019s Elevate Quantum.\n\n\u201cI have no doubt this Tech Hub\u2019s designation and Phase 2 funding decision will be seen as a critical milestone to ensure US leadership in Quantum. Elevate Quantum could not be more honored to be selected as a driving force for this critical race, and we applaud and thank all of our partners, consortium members, and the EDA for making this happen,\u201d said Zachary Yerushalmi, CEO, Elevate Quantum. \u201cThe Mountain West represents the largest regional coalition of quantum organizations in the US, and this funding cements our status as the capital of quantum that will build a thriving future for all Americans.\u201d\n\n\u201cThis decision shows that America is serious about being a leader in quantum technology. Colorado is the center of the quantum technology ecosystem and we are thrilled that the Biden Administration is supporting our work to produce the best minds, research, and innovation in the country. Our region has always played a critical role in developing advanced technology and we\u2019re proud to be supporting these efforts through $74 million worth of tax credits. I want to thank Senators Bennet and Hickenlooper, and Congressman Neguse for their hard work in bringing these funds to Colorado. The additional federal dollars will accelerate our work and we are thrilled about what the future holds!\u201d said Colorado Governor Jared Polis.\n\nMore information on the award is available HERE.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-06T18:32:29Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.bennet.senate.gov/2024/07/02/press-releases-id-b4baf34d-4a80-4835-a53a-c733c6e4f8fd/"], "units": {}, "query_ms": 0.760575057938695, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}