A ‘deeply misguided' political belief is weakening the economy, says Secretary of Commerce Gina Raimondo

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A ‘deeply misguided' political belief is weakening the economy, says Secretary of Commerce Gina Raimondo
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Gina Raimondo, U.S. Secretary of Commerce, says any lawmaker or CEO who says childcare is social policy is wrong. It’s the foundation for a strong…

Gina Raimondo, U.S. Secretary of Commerce, pushed for CHIPS Act funding for semiconductor plants to be tied to plans from CEOs to provide employees access to child-care services.

On Monday, when U.S. Secretary of Commerce Gina Raimondo was in Texas to tour a new Samsung semiconductor plant being built with financial support from the CHIPS Act, the CEO of the South Korean conglomerate's chip division pulled the Commerce Secretary aside to show her where the building would be that houses on-campus child care and an on-campus job training center.

"I was not prescribing a way for them to do it. What we were saying is if you want taxpayer money you must prove to us you'll be successful," Raimondo said, adding that companies won't be successful without finding and retaining the best talent."Child care is core to enabling women to work," she said.

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Gina VaynshteynGina VaynshteynGina Vaynshteyn is the Sr. Commerce Director at StyleCaster and SheKnows. Gina has a decade of media experience, and has been a commerce editor for three years. You can find her work in publications like Glamour, Apartment Therapy, PEOPLE, Health, and LA Magazine. Before joining SHE Media, she was the Commerce Director at Well+Good.
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