Current:Home > MyBiden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs -GrowthInsight
Biden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs
View
Date:2025-04-17 14:01:17
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! (8)
Related
- South Korean president's party divided over defiant martial law speech
- Margot Robbie Channels OG Barbie With Sexy Vintage Look
- Texas A&M Shut Down a Major Climate Change Modeling Center in February After a ‘Default’ by Its Chinese Partner
- Two mysterious bond market indicators
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Women are earning more money. But they're still picking up a heavier load at home
- Businesses face more and more pressure from investors to act on climate change
- Search continues for 9-month-old baby swept away in Pennsylvania flash flooding
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Volkswagen recalls 143,000 Atlas SUVs due to problems with the front passenger airbag
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Miranda Sings YouTuber Colleen Ballinger Breaks Silence on Grooming Allegations With Ukulele Song
- Prince Harry and Meghan Markle Officially Move Out of Frogmore Cottage
- Biden bets big on bringing factories back to America, building on some Trump ideas
- B.A. Parker is learning the banjo
- Rural Electric Co-ops in Alabama Remain Way Behind the Solar Curve
- Biden names CIA Director William Burns to his cabinet
- Blake Lively Gives a Nod to Baby No. 4 While Announcing New Business Venture
Recommendation
'Most Whopper
Two mysterious bond market indicators
How one small change in Japan could sway U.S. markets
In San Francisco’s Most Polluted Neighborhood, the Polluters Operate Without Proper Permits, Reports Say
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
The Fed's radical new bank band-aid
The EPA proposes tighter limits on toxic emissions from coal-fired power plants
Why can't Twitter and TikTok be easily replaced? Something called 'network effects'