Current:Home > StocksBiden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs -AssetTrainer
Biden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs
View
Date:2025-04-15 09:50:22
REHOBOTH BEACH, Del. (AP) — The Biden administration is designating 31 technology hubs touching 32 states and Puerto Rico to help spur innovation and create jobs in the industries that are concentrated in these areas.
President Joe Biden is set to announce the hubs on Monday at the White House with Commerce Secretary Gina Raimondo.
“I have to say, in my entire career in public service, I have never seen as much interest in any initiative than this one,” Raimondo told reporters during a Sunday conference call to preview the announcement. Her department received 400 applications, she said.
“No matter where I go or who I meet with — CEOs, governors, senators, congresspeople, university presidents — everyone wants to tell me about their application and how excited they are,” said Raimondo.
The tech hubs are the result of a process Raimondo’s department launched in May to distribute a total of $500 million in grants to cities.
The $500 million came from a $10 billion authorization in last year’s CHIPS and Science Act to stimulate investments in new technologies such as artificial intelligence, quantum computing and biotech. It’s an attempt to expand tech investment that is largely concentrated around a few U.S. cities — Austin, Texas; Boston; New York; San Francisco; and Seattle — to the rest of the country.
The program, formally the Regional Technology and Innovation Hub Program, ties into the president’s economic argument that people should be able to find good jobs where they live and that opportunity should be spread across the country, rather than be concentrated. The White House has sought to elevate that message and highlight Biden’s related policies as the Democratic president undertakes his 2024 reelection bid.
“These Tech Hubs will catalyze investment in technologies critical to economic growth, national security, and job creation, and will help communities across the country become centers of innovation critical to American competitiveness,” the White House said Monday in an emailed statement.
The 31 tech hubs reach Oklahoma, Rhode Island, Massachusetts, Montana, Colorado, Illinois, Indiana, Wisconsin, Virginia, New Hampshire, Missouri, Kansas, Maryland, Alabama, Pennsylvania, Delaware, New Jersey, Minnesota, Louisiana, Idaho, Wyoming, South Carolina, Georgia, Florida, New York, Nevada, Missouri, Oregon, Vermont, Ohio, Maine, Washington and Puerto Rico.
veryGood! (7)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- Fossil Fuel Companies Took Billions in U.S. Coronavirus Relief Funds but Still Cut Nearly 60,000 Jobs
- Woman charged with selling fentanyl-laced pills to Robert De Niro's grandson
- What we know about Rex Heuermann, suspect in Gilgo Beach murders that shook Long Island more than a decade ago
- US appeals court rejects Nasdaq’s diversity rules for company boards
- An activist group is spreading misinformation to stop solar projects in rural America
- More than 300,000 bottles of Starbucks bottled Frappuccinos have been recalled
- Fossil Fuel Companies Took Billions in U.S. Coronavirus Relief Funds but Still Cut Nearly 60,000 Jobs
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Inside Clean Energy: Four Charts Tell the Story of the Post-Covid Energy Transition
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Kim Kardashian Makes Rare Comments on Paris Robbery Nearly 7 Years Later
- A Bankruptcy Judge Lets Blackjewel Shed Coal Mine Responsibilities in a Case With National Implications
- Inside Clean Energy: Illinois Faces (Another) Nuclear Power Standoff
- New data highlights 'achievement gap' for students in the US
- Kendall Jenner Shares Plans to Raise Future Kids Outside of Los Angeles
- An activist group is spreading misinformation to stop solar projects in rural America
- A New Program Like FDR’s Civilian Conservation Corps Could Help the Nation Fight Climate Change and Transition to Renewable Energy
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Compare the election-fraud claims Fox News aired with what its stars knew
Off the air, Fox News stars blasted the election fraud claims they peddled
The 'wackadoodle' foundation of Fox News' election-fraud claims
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Twitter will limit uses of SMS 2-factor authentication. What does this mean for users?
Don't Miss This $40 Deal on $91 Worth of MAC Cosmetics Eye Makeup
Rail workers never stopped fighting for paid sick days. Now persistence is paying off