Biden’s order targets what are described as "marginalized areas,"aiming to support the incoming President-elect Donald Trump, who will overseesignificant spending programs for infrastructure development, semiconductors,energy, broadband internet, and other expenditures approved by Biden’sadministration.
One estimate indicates that 15% of the US population, or approximately 50million Americans, live in regions experiencing economic hardship.
Biden’s executive order gives priority to these marginalized communities inefforts to finance economic development, including areas facing economiccrises, undergoing industrial transformations, emerging as innovation hubs, orundergoing reconstruction after natural disasters.
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