$1 Billion in Federal Economic Grants Headed Coast to Coast

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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.

“I can’t tell you how much this means to our hardworking people in West Virginia," said that state's Democratic Sen. Joe Manchin, who attended the announcement virtually.

Solidly Republican states such as Oklahoma and South Dakota received funding, and money also is going ahead of November's midterm elections toward political battlegrounds that could decide control of Congress. There is $44 million for regenerative medicine in New Hampshire, where Democrat Maggie Hassan is defending her U.S. Senate seat. Pennsylvania, which has an open Senate seat, is set to receive $62.7 million for robotics and artificial intelligence.

The massive amount of coronavirus aid at the start of Biden’s tenure helped to accelerate job growth as the U.S. recovered from the pandemic. But accompanying the hiring was a burst of inflation that hit a 40-year peak this summer, crushing consumer sentiment and putting the administration on the defensive to show how its policies are helping the economy.

Biden had earlier sought $22.5 billion from Congress to address and prevent outbreaks, a figure that lawmakers reduced to $10 billion in negotiations. But that additional funding was never passed by Congress despite confirmed cases that are now averaging about 90,000 daily.

 

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