Biden names technology hubs to help the industry and create jobs

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Nederland Laatste Nieuws,Nederland Headlines

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.

The tech hubs are the result of a process Raimondo's department launched in May to distribute a total of US$500 million in grants to cities. 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.

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Nederland Laatste Nieuws, Nederland Headlines