• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Digital News Updates
  • Home
  • News
  • Politics
  • Business

Montana gets $40 million in federal funds for innovation research

July 9, 2024

(The Center Square) – Montana is receiving $40 million in federal funds due to legislation sponsored by U.S. Sen. Steve Daines.

The “Endless Frontier Act” calls for increased investments in science and technology innovation as a way of strengthening the U.S. economy and national security to compete with China and other nations.

“Montana continues to lead the nation in innovation,” said Gov Greg Gianforte in a news release. “Thanks to our growing dominance in new and emerging industries like photonics and quantum computing, Montana is quickly becoming the envy of the nation.”

Photonics involves light, the science of it and the technology it brings. Systems involve various uses, from commercial equipment to communications devices and biomedical equipment, among other things.

The $40 million will go toward the Montana Headwaters Hub. Led by Accelerate Montana, the Hub will work with existing companies and infrastructure in Bozeman, Missoula and other areas to create and deliver smart photonic sensing systems and autonomous systems that will address everything from disaster prevention needs to resource management and defense. Daines said The Treasure State is already home of leading photonics companies and believes this will only help the situation. 

“Montana is leading the country in tech innovation, which will help us win the race against China, create good-paying jobs here at home and further boost our economy,” said Daines in a separate news release. “I am grateful to help advance Montana’s ability to contribute even further to the important research, development, and jobs that will help strengthen our national security and help the country stay competitive globally.”

The “Endless Frontier Act” was included in the “Chips and Science Act,” which President Joe Biden signed into law in August 2022. Daines was the only federal legislator from Montana to sponsor the measure. 

 

  • By Chris Woodward | The Center Square contributor

Filed Under: Business, News

Related Articles:

  • Stocks End First Week of the Year Mixed
  • Stocks Rise in Holiday-Shortened Week as Major Indexes Hit Records
  • Warren Buffett retires as CEO of Berkshire Hathaway
  • Everyday Economics: A quiet data week, but loud signals for the economy

Primary Sidebar

— Advertisement —

Digital News Updates Logo

Recent News Posts

  • DEQ encourages radon awareness during January
  • ND awarded $199M for Rural Health Transformation Program to strengthen care in rural communities
  • Department of Livestock reports brucellosis-affected herd in Gallatin County
  • Commissioner Brown secures more than $160,000 in restitution for Montana investors

Recent Politics Posts

  • Brown: Supreme Court dismissal affirms AG Knudsen, highlights separation of powers
  • GOP leaders cite border, tax, and energy bills as Congress wraps first year
  • 2025 in review: Historic border security actions taken by Trump
  • Attorney General Jackley asks court to halt deceptive abortion pill advertising

Recent Business Posts

  • Stocks End First Week of the Year Mixed
  • Warren Buffett retires as CEO of Berkshire Hathaway
  • Everyday Economics: A quiet data week, but loud signals for the economy
  • Stocks Rise in Holiday-Shortened Week as Major Indexes Hit Records

Copyright © 2026 Digital News Updates, All Rights Reserved.