Current:Home > InvestBiden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs -Streamline Finance
Biden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs
View
Date:2025-04-16 02:02:59
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! (848)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- California plans to phase out new gas heaters by 2030
- How to show your friends you love them, according to a friendship expert
- Wildfires to Hurricanes, 2017’s Year of Disasters Carried Climate Warnings
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Prince Harry and Meghan Markle's Son Archie Turns 4 Amid King Charles III's Coronation
- A judge temporarily blocks an Ohio law banning most abortions
- All the Ways Queen Elizabeth II Was Honored During King Charles III's Coronation
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Let's Bow Down to Princess Charlotte and Kate Middleton's Twinning Moment at King Charles' Coronation
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Starbucks is rolling out its olive oil drink in more major cities
- The economics behind 'quiet quitting' — and what we should call it instead
- Ten States Aim for Offshore Wind Boom in Alliance with Interior Department
- Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
- See King Charles III and Queen Camilla's Golden Arrival at His Coronation
- Climate and Weather Disasters Cost U.S. a Record $306 Billion in 2017
- Trump Administration Deserts Science Advisory Boards Across Agencies
Recommendation
Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
Revamp Your Spring Wardrobe With 85% Off Deals From J.Crew
Miss Universe Australia Finalist Sienna Weir Dead at 23 After Horse-Riding Accident
Half a million gallons of sewage leaks into Oregon river after facility malfunction
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Today’s Climate: June 14, 2010
Prince Harry Reunites With Princess Beatrice and Princess Eugenie at King Charles III's Coronation
How to Watch King Charles III and Queen Consort Camilla’s Coronation on TV and Online