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Virginia Senator Tim Kaine speaks out on a bipartisan effort to pass the CHIPS bill.
Herndon-Treasury Janet Yellen visited an iconic landmark in Northern Virginia on Friday to celebrate massive investments in “innovation and technology” under President Joe Biden.
Attending the former Center for Innovative Technology alongside Sen. Tim Kaine (D-Va.) and Rep. Jerry Connolly (D-11), Yellen spoke about clean energy technologies and high-speed internet in legislation enacted by Congress. We also advertised the benefits of investing. It passed last year under Biden.
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“We are mobilizing capital towards two fundamental sectors of the 21st century: semiconductors and clean energy,” she said. “Together, our efforts are increasing the aggregate productive capacity of our economy. In turn, we are enhancing America’s long-term economic prospects.”
Chesterfield, Henrico and Two Other Virginia Regions Fight for Semiconductor Chip Sites
Yellen also used her experience as former Federal Reserve chairman to provide reassurance about the country’s near-term economic outlook amid continued inflation in key sectors such as housing, food and energy.
“i don’t believe [inflation] A press conference with Kane after an hour-long roundtable discussion with technology and academics at the company now known as Virginia Innovative Partnership Corp. near Washington Dulles International Airport. she said.
The Secretary of the Treasury said Congress adopted an intraparty vote this summer without Republican support, especially for seniors who rely on the federal Medicare program and low-income households who rely on the insurance market for access. From the Inflation Reduction Act, the immediate benefits to households were cited. for healthcare.
“One of the most important things is to bring down the price of prescription drugs. [for Medicare recipients]This is a huge burden for many American families,” she said.
The $739 billion package was purchased on federal and state stock exchanges under the Affordable Care Act of 2010, when Biden was vice president under President Barack Obama. It also includes funds to maintain federal subsidies for insurance premiums.
“These are big household costs,” Yellen said, adding, “Part of our inflation is our vulnerability to energy supply shocks. [Russian President Vladimir] Putin’s war in Ukraine. ”
‘Back to the Game’: US Senate Passes Semiconductor Packages
Less pressing efforts to reduce vulnerability to inflation and supply chain disruptions include the CHIPS +_Science Act, a bipartisan funding package adopted this summer. The bill puts high hopes on new semiconductor manufacturing plants in Virginia and elsewhere.
Micron Technology has already invested more than $1.1 billion to expand its semiconductor chip plant in Manassas, and with $70 million in incentives from Virginia, Yellen said, “Intel and other companies We are making huge investments in Build these factories,” she added.
The CHIPS Act also invests in developing a skilled workforce for jobs in the expanding semiconductor industry and other technology sectors, which is critical to economic prosperity, Kane said.
“At the end of the day, it’s really a people issue,” he said. “This is about the pipeline of training, attracting, encouraging, rewarding, celebrating and incentivizing talent, and that’s what Virginia has.”
“And as long as we remain committed to it, we can be confident of a very bright future here.
Warner and Spanberger Led to Make Virginia a Semiconductor Research Hub
Bob Stolle, President and CEO, State Innovation Partnership [and brother of state Sen. Siobhan Dunnavant, R-Henrico, former state Sen. Ken Stolle, R-Virginia Beach and former Del. Chris Stolle, R-Virginia Beach]reminded Kane that his late father-in-law, former Governor Linwood Holton, was the first Director of the Center for Innovative Technologies.
CIT was established almost 40 years ago by the then government. Chuck Robb in a futuristic building in Fairfax County near the Loudoun County border. It is now part of an innovation partnership created by the state of Virginia under the government at the time. Ralph Northam integrates state investments in technology research, development and commercialization, including support for start-ups and entrepreneurs.
Kane said she was leaving for Richmond after the event to celebrate her mother-in-law and former First Lady Jinx Holton’s 97th birthday.
Ahead of the roundtable, Stoll also praised the Biden administration’s support for partnership efforts, including the growth of clusters of research and development for advanced pharmaceutical manufacturing in the Richmond and Petersburg areas.
The roundtable was attended by Richard Zilla, Executive Director of the University of Virginia’s Licensing & Ventures Group, Brett Malone, President and CEO of the Center for Corporate Research at Virginia Tech, and representatives from Virginia’s technology companies.
“We’re excited to show off some stuff in Virginia,” Stoll told Yellen.
Top 5 Weekend Events: Pusha T, “Dear Evan Hansen”, RVA Bacon Fest
RVA Bacon Fest
Sunday
Adding bacon makes everything taste better. So says the pig lovers who flock to 17th Street Market for his annual RVA Bacon Fest. Go the traditional route of bacon strips, pair pork with the right ale, or go wild with bacon-covered cupcakes. Yes, this glutton reads “Charlotte’s Web” backwards. Live performance by Shades of Gray Band. 11am-3pm 100 N. 17th St. Free admission. as much as you use. Facebook.com/17thStreetMarket/
Pictures of RVA Bacon Fest
Brian Posene
Thursday – Saturday
You know him even if you don’t know him. Brian Posen has reached “that guy” status, appearing in sitcom roles and random cameos. Show” to “Friends” to “Big Bang Theory” to stages around the world. A self-proclaimed nerd and metalhead, Posehn takes his shot at pop-his culture pot at the Sandman Comedy Club. Hours vary. 401 E. Grace Street $27. (804) 562-5482 or SandmanComedyClub.com
courtesy of the artist
Dear Evan Hansen
until Sunday
The Tony Award-winning musical Dear Evan Hansen officially marks the new Broadway start of the Richmond season. The blockbuster musical follows the titular character, a high school senior with social anxiety who accidentally becomes embroiled in a tragedy. Hours vary. Altria Theater, 6 N. Laurel St. $43.50-$150. (800) 514-3849 or AltriaTheater.com.
Evan Zimmerman
Pusha T
Saturday
Pusha T, aka Terrence LeVarr Thornton, continues to build his post-Clipse solo career and heads to RVA to promote his latest album. The rapper’s fourth studio debut at number one on the US Billboard 200 chart. I’m performing. Co-starring with Armani White, Noah Oh and Kids. 6:30 pm Brown’s Island (5th Avenue entrance). $36.50-$46.50 (804) 353-1888 or TheBroadberry.com
courtesy of the artist
Richmond Tattoo Art & Music Festival
Friday to Sunday
Ask Joe Business Traveler: Convention is a term that takes the fun out of everything. Well, maybe anything except tattoos. The Richmond Tattoo Art & Music Festival features dozens of the world’s top artists, making him one of the nation’s most vibrant cities. From burlesque performers to rockabilly bands, exhibitors, competitions and entertainment fill the halls of the Midlothian Doubletree. Hours vary. 1021 Koger Center Blvd. $25-$45 (3-day pass). Richmond TattooConvention.com
Ken Penn/Tattoo Yearbook
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