By DARLENE SUPERVILLE (Associated Press)
REHOBOTH BEACH, Del. (AP) — The Biden administration is designating 31 know-how hubs touching 32 states and Puerto Rico to assist spur innovation and create jobs within the industries which can be concentrated in these areas.
President Joe Biden is about to announce the hubs on Monday on 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 instructed reporters throughout a Sunday convention name to preview the announcement. Her division obtained 400 functions, she stated.
“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,” stated Raimondo.
The tech hubs are the results of a course of Raimondo’s division launched in May to distribute a complete of $500 million in grants to cities.
The $500 million got here from a $10 billion authorization in final yr’s CHIPS and Science Act to stimulate investments in new applied sciences reminiscent of synthetic intelligence, quantum computing and biotech. It’s an try and increase tech funding that’s largely concentrated round a number of U.S. cities — Austin, Texas; Boston; New York; San Francisco; and Seattle — to the remainder of the nation.
The program, formally the Regional Technology and Innovation Hub Program, ties into the president’s financial argument that individuals ought to have the ability to discover good jobs the place they dwell and that chance ought to be unfold throughout the nation, moderately than be concentrated. The White House has sought to raise that message and spotlight Biden’s associated insurance policies because 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 stated Monday in an emailed assertion.
The 31 tech hubs attain 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.
Source: www.bostonherald.com”