Showing posts with label Vice_President_Joseph_Biden. Show all posts
Showing posts with label Vice_President_Joseph_Biden. Show all posts

Tuesday, June 18, 2013

Tuesday, August 31, 2010

Report Finds Investments in Innovation are Paying Off
"Vice President Joe Biden unveiled a new report, “The Recovery Act: Transforming the American Economy through Innovation,” which finds that the Recovery Act’s investments in science, technology and innovation are creating new jobs and strengthening advances in science that will create cost cuts for consumers.

Chairman Bart Gordon (D-TN) offered the following statement:

“This report reiterates that investments in innovation have a direct and positive impact on our economy. Innovation—especially new energy technology—is the path to solving climate change, meeting our growing needs for energy, reinvigorating our economy, and ensuring our competitiveness over the long-term by creating good jobs in America. The America COMPETES Reauthorization Act of 2010, which passed the House of Representatives in May, authorizes important investments in science, innovation, and education. These investments will support employers today while encouraging the growth of the new industries of tomorrow, and the jobs that come with them. Thanks to investments like those in COMPETES and the Recovery Act, the US is better positioned to maintain its scientific and economic global leadership.”.."

Wednesday, August 25, 2010

Vice President Biden Releases Report on Recovery Act Impact on Innovation
"Vice President Joe Biden today unveiled a new report, “The Recovery Act: Transforming the American Economy through Innovation,” which finds that the Recovery Act’s $100 billion investment in innovation is not only transforming the economy and creating new jobs, but helping accelerate significant advances in science and technology that cut costs for consumers, save lives and help keep America competitive in the 21st century economy. The report can be viewed in full HERE.

“From the beginning, we have been a nation of discovery and innovation – and today we continue in that tradition as Recovery Act investments pave the way for game-changing breakthroughs in transportation, energy and medical research,” said Vice President Biden. “We’re planting the seeds of innovation, but private companies and the nation’s top researchers are helping them grow, launching entire new industries, transforming our economy and creating hundreds of thousands of new jobs in the process.”

According to this new analysis, the U.S. is now on-track to achieve four major innovation breakthroughs thanks to Recovery Act investments:

Cutting the cost of solar power in half by 2015, putting it on par with the cost of retail electricity from the grid.
Cutting the cost of batteries for electric vehicles by 70 percent between 2009 and 2015, putting the lifetime cost of an electric vehicle on-par with that of its non-electric counterpart.
Doubling U.S. renewable energy generation capacity and U.S. renewable manufacturing capacity by 2012, a breakthrough that would not be possible without the Recovery Act.
Bringing the cost of a personal human genome map to under $1,000 in five years, allowing researchers to sequence 50 human genomes for the same cost as sequencing just one today..."

Tuesday, March 9, 2010

Vice President Biden Announces Nearly 200 New Recovery Act Transit Projects in 42 States
"Vice President Joe Biden and U.S. Transportation Secretary Ray LaHood today announced funding for 191 new Recovery Act transit projects in 42 states and Puerto Rico that will help transform the nation’s infrastructure and support thousands of jobs across the country. In making the over $600 million in new awards, the Federal Transit Administration met an aggressive deadline to award 100 percent of its Recovery Act transit formula dollars by March 5.

Since President Obama signed the Recovery Act in February 2009, the FTA has awarded 881 grants totaling $7.5 billion, which means all the formula transit funds provided by the Recovery Act have now been “obligated” or committed to specific transit projects. Once funds are obligated to a project, contracts can be bid, workers can be hired, buses and rail cars can be purchased and work can begin on transit construction projects that create jobs and drive economic growth. Recovery Act transit projects have already generated enough work to employ thousands of people nationwide and activity is expected to ramp up even further in the months ahead as new projects break ground and equipment orders are fulfilled..."

Wednesday, December 16, 2009

Progress Report: the Transformation to a Clean Economy
"MEMORANDUM FOR THE PRESIDENT

FROM THE VICE PRESIDENT

SUBJECT: Progress Report: The Transformation to A Clean Energy Economy

I’m pleased to report that the administration is laying the foundation for a clean energy economy that will create a new generation of jobs, reduce dependence on oil and enhance national security. Through the Recovery Act and more effective use of programs already in existence, the administration is taking the critical steps to transform the United States into a global clean energy leader. The energy components of the Recovery Act represent the largest single investment in clean energy in American history and are leveraging private investment and fostering American innovation and ingenuity. The Recovery Act investments of $80 billion for clean energy will produce as much as $150 billion in clean energy projects. Existing investment programs could produce up to $90 billion in additional clean energy projects.2 These investments are designed to accelerate investment in clean energy projects and pull private investment off the sidelines. They are jumpstarting a major transformation of our energy system including unprecedented growth in the generation of renewable sources of energy, enhanced manufacturing capacity for clean energy technology, advanced vehicle and fuel technologies, and a bigger, better, smarter electric grid..."