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Reading: Biden Unveils $612 Million in Submit-Hurricane Support on Florida Journey
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StockWaves > Business > Biden Unveils $612 Million in Submit-Hurricane Support on Florida Journey
Business

Biden Unveils $612 Million in Submit-Hurricane Support on Florida Journey

StockWaves By StockWaves Last updated: October 13, 2024 2 Min Read
Biden Unveils 2 Million in Submit-Hurricane Support on Florida Journey
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President Joe Biden introduced $612 million in restoration help for areas suffering from hurricanes Milton and Helene as he surveyed the aftermath of Milton in Florida.

“This funding won’t solely restore energy, however will make the area’s energy system stronger and extra succesful and cut back the frequency and period of energy outages whereas excessive climate occasions grow to be extra frequent,” Biden mentioned Sunday throughout a cease in St. Pete Seaside.

Biden mentioned Friday that the harm from Milton alone might be round $50 billion primarily based on early assessments. Sunday’s funding announcement will go towards six Division of Power initiatives to strengthen the area’s electrical grid, in accordance with the White Home. 

The journey is a part of an effort by Biden and Vice President Kamala Harris, who’s working for the presidency within the Nov. 5 election, to guarantee voters that they’re maximizing the federal government’s catastrophe response and counter claims by former President Donald Trump, the Republican nominee, that the administration isn’t doing sufficient. 

Milton is the second storm to strike Florida in latest weeks, bringing new devastation to a state nonetheless recovering from Hurricane Helene, which precipitated a swath of injury throughout the southeastern US. Harris was visiting North Carolina on Sunday for stops together with a marketing campaign rally. 

The aid funds shall be distributed via the Division of Power’s Grid Resilience and Innovation Partnerships Program. Tasks slated to obtain a few of the funding embody $47 million for Gainesville Regional Utilities and $47 million for Switched Supply to companion with Florida Energy & Mild.

With help from Alicia Diaz.

This text was generated from an automatic information company feed with out modifications to textual content.

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