News Formal

Pres Biden is naming 'tech hubs' for 32 states, Puerto Rico to help industry

  • 📰 ABC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The White House says the dozens of U.S. technology hubs President Joe Biden is announcing will help communities across the country become centers of innovation critical to its competitiveness

FILE - President Joe Biden looks on as Commerce Secretary Gina Raimondo speaks on the South Lawn of the White House, Aug. 9, 2022, in Washington. The Biden administration is designating 31 “tech hubs” in 32 states and Puerto Rico to help spur innovation and create jobs in the specific industries that are concentrated in these areas.

“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 $500 million came from a $10 billion authorization in last year’s CHIPS and Science Act to stimulate investments in new technologies such as, 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Joe Biden is naming 'tech hubs' for 32 states, Puerto Rico to help industry, create jobsThe Biden administration is designating 31 'tech hubs ' touching 32 states and Puerto Rico to help spur innovation and create jobs in the specific industries that are concentrated in these areas.
Source: WashTimes - 🏆 235. / 63 Read more »

‘Breaking Biden’ Author—Meet Jim Biden: Nightclub Owner, International Business Mogul, Joe’s BagmanSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

President Joe Biden is naming 'tech hubs' for 32 states, Puerto Rico to help industry, create jobsThe Biden administration is designating 31 so-called tech hubs that reach 32 states and Puerto Rico. The hubs are designed to help spur innovation in specific industries that are concentrated in these areas and to create jobs. President Joe Biden was scheduled to announce the hubs on Monday at the White House.
Source: AP - 🏆 728. / 51 Read more »