Additionally, Gina has a Juris Doctor degree, which she earned from Yale Law School in 1998. Recently, Raimondo has been working to get rid of some of her holdings. In that job, she introduced free community college and all-day kindergarten, repeatedly raised the minimum wage and cut business taxes. Dont miss to subscribe to our new feeds, kindly fill the form below. However, she went on to enter a venture capital firm where she served as the Senior Vice President for Fund Development at its Manhattan offices. [94] Raimondo has faced criticism from some progressives for her opposition to the European Commission's Digital Markets Act (DMA) proposal. She covered shareholder activism as a reporter at Reorg and Activist Insight and her work has been published in The Washington Post, Chicago Tribune, and The Jerusalem Post. [37], Under Raimondo's tenure, the pension fund was criticized for underperforming when compared with its peers. As Secretary of Commerce, Raimondo has stated that "The Commerce Department has a simple but vital missionto spur good-paying jobs, empower entrepreneurs to innovate and grow, and help American workers and businesses compete.". Identities Podcasts. [67] In a period between January 2016 and December 2017, there were 31 fatalities or near fatalities of children in its care, with eight being confirmed fatal. She grew close with Mike Donilon, a top adviser to Mr. Biden, and his brother Thomas E. Donilon, who served as national security adviser to President Barack Obama. After being together for a few years, the couple got married in 2001. WEST LAFAYETTE, Ind. Company executives describe her as a skillful and charismatic politician who is both engaged and accessible in an administration often known for its skepticism of big business. She assumed office on March 3, 2021. [57] This result meant that Raimondo was tied with the governors of North Dakota and Utah for the 12th-highest rating.[58]. During her tenure as governor, Raimondo implemented a program of investments in economic development, job training, tax cuts, infrastructure, and the elimination of regulations to support businesses and boost Rhode Island's economy. A onetime venture capitalist and the former governor of Rhode Island, Raimondo is well-liked by the business community and a moderate Democrat who enjoyed bipartisan Senate support for her. She went to Harvard, then Oxford as a Rhodes Scholar, then Yale Law School. She hosted a roundtable discussion with then-Providence mayor Angel Taveras and members of the Rhode Island Payday Reform Coalition. Raimondo went on to graduate with honors from Harvard, where she was recognized as the top economics student in her class. 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This is far less than previous Commerce Secretaries under Trump and Obama, who had net worths of. $500 million in funds could be eligible for the program, which would enable Treasury "to extend its expertise to municipalities and improve investment returns by creating economies of scale". Raimondo is viewed as a relatively traditional choice for commerce secretary. These days, Ms. Raimondo, a former Rhode Island governor, is the most important phone call in Washington that many chief executives can make. [39], Raimondo created the Ocean State Investment Pool (OSIP), designed as a low-cost investment vehicle intended to help the state and municipalities better manage and improve the investment performance of their liquid assets, which are used for day-to-day operations including payroll and operating expenses. She serves as the vice-chair of the board of directors of Crossroads Rhode Island. Her annual salary as a governor is over $125,000. It is interesting to note that Raimondo was a Rhodes Scholar. [97], As Secretary of Commerce, Raimondo has helped lead the U.S. response to the global chip shortage, and has urged Congress to pass legislation that would boost domestic semiconductor manufacturing. She raised the state minimum wage to $11.50, created a sick-leave entitlement, financed the largest infrastructure program in the state's history, and made community colleges tuition-free. Andy Moffit with wife Gina Raimando. Gina is the youngest of three children born to parents, Josephine (mother) and Joseph Raimondo (father). DCYF has increased its capacity and utilization of licensed foster homes, including an increase in the number of licensed kinship families, from 280 in October 2019 to 576 in June 2020. During her tenure, Raimondo was credited with cutting taxes every year and removed eight thousand pages of regulations thirty percent of the state's regulations. [20][21] She went on to Harvard College, graduating magna cum laude in 1993 with a Bachelor of Arts degree in economics. Before Gina Raimondo became a politician, she was a venture capitalist and had also started her own firm. [103] In March 2022, Raimondo stated that Chinese companies attempting to sell semiconductor technology to Russia in violation of U.S. sanctions would face repercussions. Source: nytimes He succeeded his predecessor Governor Nikki Haley when she resigned for the purpose of becoming the U.S. Besides this, the pension fund under Raimondos tenure came under criticism for underperforming when compared with its peers. 6. Gina Raimondo served a four-year term as Rhode Island's general treasurer beginning in Jan. 4, 2011 before being elected governor in 2014. Second, she has both a Master of Arts and a Doctor of Philosophy in Sociology from New College, which is one of the constituent colleges of the University of Oxford. "[79] As campaign co-chair, Raimondo would have "provided advice and attended events". Moreover, Gina is the co-founder of a small private investment firm called Point Judith Capital. I have real concerns about the departments approach, whether its approving assault weapon sales, negotiating trade deals or supporting big tech companies.. Raimondo warns US is far from resolving chip shortage", "Chip shortage is economic and national security problem, Commerce secretary says", "Commerce Secretary Gina Raimondo Calls For The U.S. To Counter China's Economic Power", "Tom Cotton calls Commerce Sec. She also led the Democratic Governors Association from 2018 to 2019. September 2014: General Treasurer Gina Raimondo takes 42% of the vote to beat Angel Taveras, Clay Pell and Todd Giroux in the . In 2020, she was a national co-chair of Michael R. Bloombergs presidential campaign and was floated as a potential running mate. As of December 2020 DCYF does not have a permanent director. Raimondo is a practicing Roman Catholic and was one of the first girls to graduate from the La Salle Academy, a Catholic school in Providence. . Gina Raimondo was born and raised in Rhode Island. [7][8] In the 2020 presidential election, Raimondo served as co-chair of Michael Bloomberg's 2020 presidential campaign. Gina Raimondo took the bus to a Catholic school in Providence, La Salle Academy, where she graduated as valedictorian, foreshadowing later academic achievements. During Raimondo's tenure, the Department of Commerce sanctioned NSO Group for selling spyware technology. Joe Biden's pick, former Rhode Island Governor Gina Raimondo, is in a different league than her predecessors, worth somewhere in the neighborhood of $10 million. Raimondo's platform called for financial empowerment programs at senior centers and schools, and for protecting consumers from predatory lending and mortgages. Of Italian descent, she is the youngest of Josephine (Piro) and Joseph Raimondo's three children. . PROVIDENCE President-elect Joe Biden has chosen Rhode Island Gov. ", Forbes. Her political career is her primary source of income. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. At an event held by the Atlantic Council in September, Ms. Raimondo acknowledged that people were watching closely and that the administrations credibility was on the line. Ms. Raimondo was also gaining political support elsewhere in the Democratic Party. Her wealth, in part, comes from the State of Rhode Island's investment in Point Judith Capital as she is a shareholder. Were super excited about the Indiana announcement, she said. State taxpayers will pay $154million of this amount while the federal government will pay the remainder. [23][24] Raimondo received her Juris Doctor degree from Yale Law School in 1998. He became unemployed at 56 when the Bulova company decamped operations to China, shuttering the factory in Providence. President-elect Joe Biden has selected Rhode Island Gov. For example, indoor dining is now permitted, though there are still serious limitations such as a maximum of 50 percent seating capacity. In 2019, she reportedly made over $800,000 on her firm's payouts. Donald Trumps commerce secretary, Wilbur Ross, was worth an estimated $600 million. She grew up in Smithfield, Rhode Island, the youngest of three children in an Italian-American family. [42], During the Rhode Island General Assembly's 2012 session, Raimondo advocated for a decrease in the maximum allowable interest rate on payday loans in Rhode Island. On the orders of Raimondo, the UHIP launch occurred as planned despite these federal warnings. Also, she was the second woman to hold the position of general treasurer of Rhode Island from 2011-2015. Jennifer Granholm is the Secretary of Energy. As of 2022, the governor of Rhode Island is Daniel McKee. "U.S. Department of Commerce. [74] The federal report noted that DCYF services were "inadequate, not developed when needed, or lacked consistent monitoring". Raimondo. ", Politico. How Ms. Raimondo handles that task will have big implications for the United States economy going forward. Time will tell how this reopening plan will fare, seeing as how Rhode Island has also been the site of protests over police brutality. [14], Gina Marie Raimondo was born in 1971[15] in Smithfield, Rhode Island, where she later grew up. On top of that, Raimondo is the Chair of the Democratic Governors Association. Call me if you need anything.. Gina Raimondo's COVID-19 approval rating plummeted during her final month as governor By Dan McGowan Globe Columnist, Updated March 24, 2021, 9:12 a.m. They have two children: Cecilia and Thompson. [23] Her thesis was on single motherhood and supervised by Stephen Nickell and Anne H. Gauthier while she was a postgraduate student of New College, Oxford. After all, she has made a lot of changes in this regard ever since she became the Governor of Rhode Island. She entered politics in 2010, when she successfully ran for the position of general treasurer of Rhode Island. While Gina sure has a massive income, her net worth might not be less than $5 million. Raimondo played rugby at the Radcliffe Rugby Club, and joked that this experience "was good training for a career in politics". Some progressive groups have accused Ms. Raimondo of being under the influence of big tech firms and not thoroughly disclosing those ties. ", Democratic Governors. Gina Raimondo as his commerce secretary. [67] Raimondo appointed Trista Piccola as her new DCYF director in January 2017. David Ige is an American politician who has been the governor of Hawaii since 2014. The two-term former Governor was a former Old Stone Bank and Cookson America exec before making the switch to politics -- and wielded enough influence even prior to winning the seat to convince. Ms. Raimondo grew up in Rhode Island in a close-knit Roman Catholic family, raised partly by a brother 13 years her senior who recalled wrestling with her and throwing her in the water at the beach. Likewise, Moffit worked as an associate for a management consulting firm, McKinsey & Company, in New York. Barack Obamas secretary of commerce, Penny Pritzker, was worth more than $2 billion when she served in office. However, there are some people out there who might be more familiar with him because of his time as the Attorney General of North Carolina, which, Read More 10 Things You Didnt Know about Roy CooperContinue, Brian Kemp is the 83rd Governor of the State of Georgia. Identities / Gina Marie Raimondo - Gina Raimondo . In the sixth grade, she was also deeply influenced by watching her father lose his job at the Bulova watch factory as American manufacturers began sending jobs overseas. While the scale of the task is daunting, it so far has not fazed Ms. Raimondo. "[101] In October 2021, Raimondo was criticized for stating "there's no point in talking about decoupling our economy from China's" by Republican Senator Tom Cotton. The year she got her law degree, she began clerking under Kimba Wood, a federal judge for the Southern District of New York. [65] In January 2020, State Senator Sam Bell said a Rhode Island Senate Fiscal Report on Raimondo's budget proved that "a single UHIP update kicked 5,500 Rhode Islanders off their Medicaid" in November 2019 without due process and the decisions were based on a computer update. In this Jan. 8, 2021 file photo,. Secretary Raimondos job is to help grow an economy that works for everyone, not to be the chief lobbyist for the Chamber of Commerce, Ms. Warren said in a statement to The New York Times. Was it impactful? she asked. U.S. Secretary of Commerce, Gina Raimondo, has a net worth of approximately $10 million. The venture-capital holdings apparently provided a personal windfall for Raimondo, however. Rather than divest her venture-capital holdings, Raimondo elected to put them in a trust, which she handed off to someone else to manage. While Gina sure has a massive income, her net worth might not be less than $5 million. An illustration of a magnifying glass. She joined a Massachusetts-based firm called Village Ventures, which created a network of regional venture-capital funds. [5] While in office, Raimondo was elected to serve as vice chair of the Democratic Governors Association (DGA) for the 2018 election cycle. "Meet the Contenders for Bidens Cabinet. Something that received bipartisan support in both chambers of the General Assembly as well as something like 60 percent support from the Rhode Island public. [1][2], Born and raised in Rhode Island, Raimondo began her career in venture capital following law school. Though first seen as a likely Secretary of Health and Human Services, Raimondo announced on December 3, 2020, that she would not be taking that role. Therefore, she doesn't have to worry about her bank balance. [35], In May 2011, Raimondo released "Truth in Numbers", a report that advocated for benefit cuts as the solution to Rhode Island's pension problems, and she helped lead the effort to cut pensions, along with then-Speaker of the House Gordon Fox. ", Ballotpedia. In May 2020, writer George Will wrote in favor of Raimondo being chosen as Biden's running mate in the 2020 election. The two firms teamed up on certain deals, including one involving a medical-device company named Novare Surgical. Gina was a senior vice president for fund developments at a company called Village Ventures in New York. The U.S. Department of Commerce "promotes job creation, economic growth, sustainable development, and improved standards of living for all Americans by working in partnership with businesses, universities, communities, and our nation's workers.". As Secretary of Commerce, Raimondo has stated that her goal is to expand economic opportunities for American workers and businesses, particularly as a result of recent crises. Americans want to make money and feel like they can make money., She added: American entrepreneurship is the envy of the world. Raimondo was both born and raised in Smithfield, RI. Curiously, Raimondo made the choice to support Mike Bloombergs campaign to become the Democratic nominee for the presidential election. The significance of these closures would resonate when Ms. Raimondo studied economics as an undergraduate at Harvard, where her professors fed her a steady diet of how trickle-down Reaganomics had hollowed out the U.S. economy, she said. But unlike some progressive Democrats, Ms. Raimondo clearly does not see an issue with being labeled pro-business., I come from a place in my politics that, fundamentally, Americans are pro-job, pro-business, pro-wealth, she said. Raimondo has degrees from Harvard and Yale and is a Rhodes Scholar from Oxford University. From 2011 to 2015, she served as the General treasure of her Island and she has the . By Alexa Gagosz Globe Staff, Updated May 6, 2021, 11:27 a.m . "[66], Under Raimondo, the Rhode Island Department of Children, Youth & Families (DCYF) had come under fire for the rate of deaths and near-deaths of children in its care. The essence of industrial policy is youre gambling, said William Reinsch, a trade expert at the Center for Strategic and International Studies, a think tank. Anyone can read what you share. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. [113], Raimondo serves as vice chair of the board of directors of Crossroads Rhode Island, the state's largest homeless services organization. Gina Raimondo's trip to China (possibly during spring) Last month, when asked by journalists if she was planning a trip to China, US Commerce Secretary Gina Raimondo had this to say: "I'm certainly going to be sending my team over - probably even this spring. Secretary Raimondo was sworn into office as Governor in January 2015 and won a second term in 2018. Also, she receives $100,000 in extra remuneration, including bonuses and personal expenses. In 2014, Raimondo won an election to become governor. October 29, 2022 November 1, 2022 - by Adeela Ch - Leave a Comment . Also, a venture capitalist, Gina is one of the nine current female governors of the United States. Healey.[47]. Still, it's an impressive. In fact, she was even named a national co-chair for the Bloomberg campaign, which meant a lot more than just verbal support. Until 2011, she was an administrator of Women and Infants Hospital and chair of its Quality Committee. When you lose your Medicaid with no warning and no effort to transition you onto the exchange, the consequences can be deadly. She believes that the recent crises that America has suffered make this mission of the Commerce Department even more important and that growing economic opportunity for workers and businesses has been the focal point of her career. Gina Raimondo is the U.S. Secretary of Commerce. Gina Raimondo, the commerce secretary, was meeting with students at Purdue University in September when she spotted a familiar face. [18] Raimondo appointed more judges of color than any of her predecessors,[53] including Melissa A. In response, Raimondo repealed the order aimed at New Yorkers before implementing a broader version aimed at all out-of-state travelers planning to stay in Rhode Island. A senior vice president for fund developments at a company called Village Ventures which. 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