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Schumer Introduces Legislation To Invest $53 Billion In Domestic Semiconductor Industry, Fuel American Innovation

File photo of U.S. Senator Charles Schumer (2010). WASHINGTON, DC – Yesterday, U.S. Senate Majority Leader Charles E. Schumer filed the bipartisan U.S. Innovation and Competition Act, which combines Schumer’s Endless Frontier Act, other bipartisan competitiveness bills, and $52 billion in emergency supplemental appropriations to implement the semiconductor-related manufacturing and R&D programs authorized in last year’s National Defense Authorization Act and a program to support legacy chip production that is essential to the auto industry, the military, and other critical industries. An additional $1.5 billion is provided for implementation of implement the USA Telecommunications Act that was also passed as part of last year’s NDAA to foster U.S. innovation in the race for 5G. This package of innovation bills will receive a final Senate vote in the days ahead.

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Worker shortage in pandemic recovery affects larger corporations and small businesses alike

Smaller businesses launch staff recruitment efforts. Author: Ron Plants Updated: 8:18 PM EDT May 18, 2021 BUFFALO, N.Y. Help wanted signs dot commercial corridors these days. And that request for new staffers actually spans various sectors of the economy for various reasons.  Business leaders say while it is definitely a factor, this shortage actually goes way beyond the oft heard explanation that enhanced unemployment compensation may be keeping some would be previously laid off workers to just stay home.  Buffalo Niagara Partnership President and CEO Dottie Gallagher says the need for skilled workers actually began before COVID struck but it ultimately became a perfect pandemic storm of open jobs. 

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Here Is Why There Is Still A Worker Shortage During The Pandemic

Here Is Why There Is Still A Worker Shortage During The Pandemic Employers are finding it even harder to find employees these days, every business from the small independent companies to even the larger companies. One of the main reasons, and I think it s a pretty obvious one, is the extra unemployment benefits that are going out as part of President s Joe Biden American Rescue Plan. According to WGRZ, Buffalo Niagara Partnership President and CEO Dottie Gallagher believe that the need for skilled workers goes back before the COVID-19 pandemic actually struck, but because of the timing, of it all, a massive amount of jobs became available.

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Schumer introduces bill to invest $53 billion in domestic semiconductor production

·        $2 billion for a CHIPS for America Defense Fund: Funding is appropriated up front and $400 million is allocated each year, over 5 years for the purposes of implementing programs authorized in Sec. 9903(b), providing support for R&D, testing and evaluation, workforce development, and other related activities, in coordination with the private sector, universities, and other Federal agencies to support the needs of the Department of Defense and the intelligence community. ·        $500 million for a CHIPS for America International Technology Security and Innovation Fund: Funding is appropriated upfront and $100 million each year, allocated over 5 years to the Department of State, in coordination with the U.S. Agency for International Development, the Export-Import Bank, and the U.S. International Development Finance Corporation, for the purposes of coordinating with foreign government partners to support international information and communications technolo

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US Senate Advances Western New York Tech Hub Bill

US Senate Advances Western New York Tech Hub Bill
govtech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from govtech.com Daily Mail and Mail on Sunday newspapers.

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