Current:Home > ScamsBiden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs -Ascend Finance Compass
Biden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs
Ethermac Exchange View
Date:2025-04-07 15:53:52
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! (5)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- G-League player Chance Comanche arrested for Las Vegas murder, cut from Stockton Kings
- Maryland Stadium Authority approves a lease extension for the Baltimore Orioles at Camden Yards
- Whitney Cummings Gives Birth to Her First Baby
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Authorities: 5 people including 3 young children die in house fire in northwestern Arizona
- BP is the latest company to pause Red Sea shipments over fears of Houthi attacks
- Vladimir Putin submits documents to register as a candidate for the Russian presidential election
- South Korean president's party divided over defiant martial law speech
- Southwest Airlines reaches $140 million settlement for December 2022 flight-canceling meltdown
Ranking
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- NFL playoff picture Week 15: Cowboys tumble despite sealing spot, Bills surge
- $15M settlement reached with families of 3 killed in Michigan State shooting
- Mayim Bialik says she is out as host of Jeopardy!
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Taiwan reports 2 Chinese balloons near its territory as China steps up pressure ahead of elections
- April 2023 in photos: USA TODAY's most memorable images
- SpaceX sued by environmental groups, again, claiming rockets harm critical Texas bird habitats
Recommendation
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Hong Kong’s activist publisher to stand trial this week under Beijing’s crackdown on dissidents
Your autograph, Mr. Caro? Ahead of 50th anniversary, ‘Power Broker’ author feels like a movie star
Texas sweeps past Nebraska to win second straight NCAA women's volleyball championship
Nearly half of US teens are online ‘constantly,’ Pew report finds
The power of blood: Why Mexican drug cartels make such a show of their brutality
36 jours en mer : récit des naufragés qui ont survécu aux hallucinations, à la soif et au désespoir
Talks on border security grind on as Trump invokes Nazi-era ‘blood’ rhetoric against immigrants