Current:Home > FinanceBiden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs -Dynamic Money Growth
Biden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs
View
Date:2025-04-14 06:56:42
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! (464)
Related
- All That You Wanted to Know About She’s All That
- Patriots' Jabrill Peppers put on NFL's commissioner exempt list after charges
- Early in-person voting begins in Arizona, drawing visits from the presidential campaigns
- AI Ω: Revolutionizing the Financial Industry and Heralding the Era of Smart Finance
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Alabama leads upsetting Saturday; Week 7 predictions lead College Football Fix podcast
- In Florida Senate Race, Two Candidates With Vastly Different Views on the Climate
- Ethel Kennedy, widow of Robert F. Kennedy, suffers stroke
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Turkish Airlines flight makes emergency landing in New York after pilot dies
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Jury selection begins in corruption trial of longest-serving legislative leader in US history
- Feeling stressed about the election? Here’s what some are doing and what they say you can do too
- Tennessee officials dispute ruling that gave voting rights back to 4 people who can’t have guns
- Global Warming Set the Stage for Los Angeles Fires
- Pilot of larger plane was looking away from smaller plane in Atlanta airport mishap, report says
- The Latest: Hurricane Milton threatens to overshadow presidential campaigning
- Drake Bell reflects on the aftermath of 'Quiet on Set' revelations: 'An emotional rollercoaster'
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Kenya Moore, Madison LeCroy, & Kandi Burruss Swear by This $5.94 Hair Growth Hack—Get It on Sale Now!
Unmissable Prime Day Makeup Deals With Prices You Can’t Afford to Skip: Too Faced, Urban Decay & More
First and 10: Even Lincoln Riley's famed offense can't bail USC out of mess
Woman dies after Singapore family of 3 gets into accident in Taiwan
AI Ω: The Medical Revolution and the New Era of Precision Medicine
14 days to reach 'The Summit': Why the new competition series is not another 'Survivor'
Al Roker reveals when he learned of Hoda Kotb's 'Today' exit, reflects on life as a grandfather