Today, President Biden is traveling to Syracuse, New York as Micron has pledged to invest $100 Billion over the next 20 years to build factories that make semiconductors in Syracuse.
The President’s travel to Syracuse follows his early October visit to Poughkeepsie, New York, where he joined IBM as they announced a $20 billion investment over the next decade in R&D and manufacturing of semiconductors, mainframe technology, artificial intelligence, and quantum computing across the Hudson Valley.
Is Syracuse, the President will address the nation with his vision for the economy and will be joined by New York Governor Kathy Hochul, Senator Majority Leader Chuck Schumer, Senator Kirsten Gillibrand and Congressman John Katko.
Ahead of the midterms, Biden insists that the Republicans want to raise costs for working people and put Medicare and Social Security at risk.
“For years, regions like Central New York and the Industrial Midwest have been hollowed out as manufacturing jobs have been shipped overseas. This administration is changing that,” a White House official told The Pavlovic Today.
“We’re changing that because this President has passed historic legislation like the CHIPS and Science Act, the Bipartisan Infrastructure Law, and the Inflation Reduction Act that are helping to create good-paying jobs and revitalize American manufacturing.”
In Syracuse, Micron’s investment will create tens of thousands of jobs with an average salary of $100,000.
According to the White House, Micron will also announce today new investments in the surrounding communities.
Micron is singing a project labor agreement (PLA) with 20 unions to ensure labor-management cooperation. The PLA will fund apprenticeships for people from low income communities, require contractors to pay a prevailing wage, and create a Labor-Management committee to support project delivery and enhance workplace safety.
As part of this investment, Micron and the State of New York will establish a $500M fund to strengthen the surrounding community, investing $10M in local educational institutions and another $10M in local small businesses that power the semiconductor supply chain.
Micron will also announce a multi-million dollar partnership with The National Science Foundation to invest in growing the workforce of the semiconductor industry.
DC Blockchain Summit: US government officials emphasize the importance of privacy and accountability in the adoption of digital assets
The cryptocurrency industry is continually evolving and expanding, making it critical to understand the perspectives of US government officials who shape the legal landscape. At the DC Blockchain Summit, Sanjeev Bhasker, US Digital Currency Counsel at the Digital Currency Initiative of the DOJ’s Money Laundering and Asset Recovery Section/NCET, Matt Cronin, Director of National Cybersecurity…
CFTC Commissioners Mersinger And Johnson Advocate For Global Regulatory Harmony In Cryptocurrency
At the DC Blockchain Summit, Summer Mersinger, Commissioner of the US Commodity Futures Trading Commission, stated that the CFTC and SEC must collaborate to establish a framework for the classification of digital tokens. In the words of Kristin Johnson, another Commissioner of the US Commodity Futures Trading Commission, legal terms are crucial to the market,…
DC Blockchain Summit Sees Congressman Tom Emmer Calling For The Protection Of Financial Privacy In The Age of Digital Assets
The DC Blockchain Summit, hosted by the Chamber of Digital Commerce, kicked off in Washington DC today. Throughout the full day of meetings, experts from the government and private sector convened to discuss the current state and future prospects of blockchain technology, digital assets, and decentralized finance (DeFi). With topics ranging from the regulatory environment…