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Small Business Funding

Biden signs order prioritizing federal grants for projects with higher worker wages [Video]

ANN ARBOR, Mich. — President Biden on Friday signed an executive order for federal grants that will prioritize projects with labor agreements, wage standards, and benefits such as access to child care and apprenticeship programs.

Biden said the ideas in his order “are common sense.”

“Economists have long believed that these good job standards produce more opportunities, better outcomes for workers and more predictable outcomes for businesses as well,” he said from an Ann Arbor, Michigan union training center where he made the announcement. “A good union job is building a future worthy of your dreams.”

The Biden administration is trying to make the case that economic growth should flow out of better conditions for workers. His administration has stressed the vital role that organized labor will likely play for Democrats in November’s election. In her matchup against Republican Donald Trump, Vice President Kamala Harris is depending on backing from …

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Small Business Funding

Commerce Department to reduce Intels funding on semiconductors [Video]

LOS ANGELES (AP) The Biden administration plans on reducing part of Intels $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that