BIDEN EYES R&D

President Biden’s newly unveiled infrastructure proposal includes billions of dollars in proposed funding to invest in “technologies of the future,” with a particular focus on ensuring the U.S. can compete on the global stage against countries such as China.

The proposed investment package, which totals around $2.25 trillion, proposes that over $180 billion be set aside for enhancing research and development of new and emerging technologies, along with addressing racial and gender inequalities in the fields of science, technology, engineering and math.

“President Biden is calling on Congress to make smart investments in research and development, manufacturing and regional economic development, and in workforce development to give our workers and companies the tools and training they need to compete on the global stage,” the plan released by the White House reads.