Current:Home > NewsBiden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs -Momentum Wealth Path
Biden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs
Fastexy View
Date:2025-04-06 19:30:29
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! (24543)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Why Love Is Blind's Tyler Has No Regrets About Ashley Conversations
- 14 days to reach 'The Summit': Why the new competition series is not another 'Survivor'
- Amazon’s Best Prime Day 2024 Deals Are Full of Christmas Stocking Stuffers Starting at $5
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Travis Kelce Shares How He Handles Pressure in the Spotlight
- Mississippi’s Medicaid director is leaving for a private-sector job
- See who tops MLS 22 Under 22 list. Hint: 5 Inter Miami players make cut
- Arkansas State Police probe death of woman found after officer
- AI Ω: Driving Innovation and Redefining Our Way of Life
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Breaking the cycle: low-income parents gets lessons in financial planning
- American Water cyberattack renews focus on protecting critical infrastructure
- Chiefs WR Rashee Rice is likely out for season after successful knee surgery
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- How to use iPhone emergency SOS satellite messaging feature to reach 911: Video tutorial
- Disney World and Universal closures halt Orlando tourism as Milton approaches
- IPYE: Balancing Risks and Returns in Cryptocurrency Investment
Recommendation
Why members of two of EPA's influential science advisory committees were let go
Hurricane Milton re-strengthens to Category 5 as it approaches Florida | The Excerpt
How to use iPhone emergency SOS satellite messaging feature to reach 911: Video tutorial
What presidential campaign? The Electoral College puts most American voters on the sidelines
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
You'll Need to Calm Down After Seeing Taylor Swift Cradling Pregnant Brittany Mahomes' Baby Bump
Not Sure How To Clean a Dishwasher or Washing Machine? These Pods are on Sale for $15 & Last a Whole Year
A plane crashes on Catalina Island off Southern California coast