Current:Home > MarketsBiden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs-DB Wealth Institute B2 Reviews & Ratings
Biden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs
lotradecoin analytics View Date:2024-12-25 15:52:11
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! (6)
Related
- US Army intelligence analyst pleads guilty to selling military secrets to China
- 50 Cent throws microphone into crowd, reportedly hitting concertgoer: Video
- Spoilers! 'Equalizer 3' director explains Denzel Washington's final Robert McCall ending
- NYPD to use drones to monitor backyard parties this weekend, spurring privacy concerns
- Red Cross blood inventory plummets 25% in July, impacted by heat and record low donations
- Jimmy Buffett’s laid-back party vibe created adoring ‘Parrotheads’ and success beyond music
- NWSL's Chicago Red Stars sold for $60 million to group that includes Cubs' co-owner
- North Korea says latest missile tests simulated scorched earth nuclear strikes on South Korea
- Stuffed or real? Photos show groundhog stuck inside claw machine
- 'Wait Wait' for September 2, 2023: Live in Michigan with Bob Seger
Ranking
- Ex-YouTube CEO Susan Wojcicki dies a year after stepping down. Who is the current CEO?
- 12-year-old shot near high school football game in Baltimore
- F. Murray Abraham: My work is my salvation
- Scientists Find Success With New Direct Ocean Carbon Capture Technology
- Wally Amos, 88, of cookie fame, died at home in Hawaii. He lost Famous Amos but found other success
- Hurricane Idalia floodwaters cause Tesla to combust: What to know about flooded EV fires
- Carlee Russell’s Ex-Boyfriend Thomar Latrell Simmons Gives Tell-All on Abduction Hoax
- Police officer praised for reviving baby during traffic stop in suburban Detroit
Recommendation
-
Don't be fooled by the name and packaging: Fruit snacks are rarely good for you. Here's why.
-
Nevada assemblywoman won’t seek re-election in swing district after scrutiny over her nonprofit job
-
Rare painting bought for $4 at a thrift store may fetch a quarter million at auction
-
Whatever happened to the 'period day off' policy?
-
New York county signs controversial mask ban meant to hide people's identities in public
-
Shopping center shooting in Austin was random, police say
-
Former Italian premier claims French missile downed passenger jet in 1980, presses Paris for truth
-
Texas A&M freshman WR Micah Tease suspended indefinitely after drug arrest