Biden Administration Announce $1B Award for Economic Projects
President Joe Biden and Commerce Secretary Gina Raimondo are announcing on Friday $1 billion worth of federal grants for manufacturing, clean energy, farming, biotech and other sectors that will go to 21 regional partnerships.
The winners were chosen from 529 initial applicants vying for grants that were part of last year’s $1.9 trillion coronavirus relief package. The Biden administration has repeatedly laid out a vision for the economy that is more self-sufficient and driven by high-tech manufacturing and the development of renewable energy.
“The whole point of this is we’re not going to let you get left behind as we transition to a more digital economy, to a more technical economy, to a green economy,” Raimondo told The Associated Press. “People want to work where they live. People want to know there is a place for them in the changing economy.”
