Before becoming a politician, Raimondo worked at venture firms. WEST LAFAYETTE, Ind. Additionally, Gina has a Juris Doctor degree, which she earned from Yale Law School in 1998. 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. [113], Raimondo serves as vice chair of the board of directors of Crossroads Rhode Island, the state's largest homeless services organization. Her wealth, in part, comes from the State of Rhode Island's investment in Point Judith Capital as she is a shareholder. This firm is named Point Judith Capital. She was awarded an honorary degree from Bryant University, in 2012; and has received awards from the northern Rhode Island chamber of commerce and the YWCA of northern Rhode Island. Ms. Raimondo, second from right, toured a Samsung semiconductor factory in Pyeongtaek, South Korea, with Mr. Biden in May. In February, her department moved swiftly with allies to clamp down on technology shipments to Russia following its invasion of Ukraine. Gina Raimondo is the 40th U.S. Secretary of Commerce, chosen by President Biden. She also led the Democratic Governors Association from 2018 to 2019. In particular, she mentioned lowering the maximum interest rate allowed on payday loans in Rhode Island. Raimondo's platform called for financial empowerment programs at senior centers and schools, and for protecting consumers from predatory lending and mortgages. On the orders of Raimondo, the UHIP launch occurred as planned despite these federal warnings. Bell went on: "Medicaid terminations need to be done with some due process. Basically, what happened was that she implemented measures to make sure that people from New York would self-quarantine for 14 days, which was motivated by said state being a hotbed for the novel coronavirus. The venture-capital holdings apparently provided a personal windfall for Raimondo, however. Were super excited about the Indiana announcement, she said. Ms. Raimondo beamed as she greeted the chief executive of SkyWater Technology, a chip company that had announced plans to build a $1.8 billion manufacturing facility next to the Purdue campus. During this period, she specialized in health care investments. Investopedia requires writers to use primary sources to support their work. Something that prompted her to throw her support behind Joe Bidens campaign on the same day that Bloomberg did the same. The legality of RIRSA was challenged in court by the public employee unions, but a settlement was reached in June 2015. "Rhode Island State Government Salary. The Commerce Department is expected to lead the work of reviewing and approving grants, but any awards to companies of more than $3 billion will be approved by Mr. Biden himself. The region used to fall within the boundaries of Providence, RI, but that changed when it was incorporated as a separate town named for Smithfield, London in 1731. Learn how your comment data is processed. [26][27], Raimondo returned to Rhode Island in 2000 to co-found the state's first venture capital firm, Point Judith Capital. 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. [18] State-by-state polling by Microsoft News in April 2020 found that 76% of Rhode Islanders said they approved of the work done by Raimondo and her administration "to keep people safe" during the ongoing crisis. [111] The couple have two children, Cecilia and Thompson Raimondo Moffit. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. David Ige is an American politician who has been the governor of Hawaii since 2014. [29][30] Under Raimondo's leadership, Point Judith grew to over $100 million in assets and reportedly helped grow over twenty businesses. She was also the first female governor of Rhode Island. Gina Raimondo to serve as secretary of Commerce, according to two people familiar with the decision . Of Italian descent, she is the youngest of Josephine (Piro) and Joseph Raimondo's three children. The two firms teamed up on certain deals, including one involving a medical-device company named Novare Surgical. Gina Marie Raimondo was born on May 17, 1971, in Smithfield, Rhode Island, U.S. She is 49 years old as of 2020. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. PROVIDENCE President-elect Joe Biden has chosen Rhode Island Gov. Identities Podcasts People Ai. Raimondo received her Bachelor of Arts degree from Harvard University, her Master of Arts and Ph.D. degrees as a Rhodes Scholar at the University of Oxford, and her J.D. 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. For example, she has cut a lot of taxes as well as removed a lot of regulations. The governor is now getting . In 2020, Raimondo picked one of her old business partners to serve as a trustee for the University of Rhode Island. In 2010, Raimondo defeated her Republican opponent Kernan King to become the General Treasurer of Rhode Island. Senior editor at Forbes, covering Donald Trump's business. Her current term ends on January 20, 2025. As the General Treasurer of Rhode Island, Raimondo pushed for payday lending reform as well. Raimondo is expected to join President-elect Joe Biden's cabinet as Secretary of Commerce. The lieutenant governor, Sabina Matos, makes $122,740. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. As a governor, her annual salary is over $125,000. Therefore, she doesn't have to worry about her bank balance. She is the first woman to have been elected in the role, which she stepped into in 2015. [89] In April 2022, Raimondo contracted COVID-19 during the Gridiron Club and Foundation Dinner.[90]. Ms. Raimondos work has earned her praise from Republicans and Democrats, along with labor unions and corporations. Net worth: $1 million and $5 million dollars; Gina Raimondo Age and Birthday. [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. Ambassador to the United Nations. 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. Between assuming office and the end of 2019, Raimondo consistently ranked towards the bottom of approval ratings for all governors in the United States. She has been holding that office since early 2021. Gina Raimondo is an American venture capitalist and a politician. [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. As a subscriber, you have 10 gift articles to give each month. For those who are unfamiliar, the Rhodes Scholarship is a scholarship started up by Cecil John Rhodes for the purpose of promoting unity within the British Empire as well as promoting a better relationship between Great Britain and the United States. Identities Podcasts. [19], Raimondo graduated from LaSalle Academy in Providence. Here's How Much Treasury Secretary Janet Yellen Is Worth, Here's How Much Secretary Of Defense Lloyd Austin Is Worth, Here's How Much Secretary Of Homeland Security Alejandro Mayorkas Is Worth, How Pete Buttigieg Cashed In On His Candidacy, Heres How Much Treasury Secretary Janet Yellen Is Worth, Heres How Much HHS Secretary Xavier Becerra Is Worth. She said Bloomberg "obviously" performed poorly on the debate stage but supporting his candidacy "was an easy decision for me at the beginning. Prior to holding this position, she was the governor of Rhode Island. CreditJared Soares for The New York Times. He has had a long and successful political career but there, Read More 10 Things You Didnt Know About Brian KempContinue, Jay Inslee is the current Governor of Washington. Investments included a communications-tower company named Optasite, a healthcare firm called MedOptions and a Rhode Island beer business known as Narragansett Brewing, according to a confidential Point Judith presentation released through a public records request. As of 2022, the governor of Rhode Island is Daniel McKee. Gov. ", Forbes. In that job, she introduced free community college and all-day kindergarten, repeatedly raised the minimum wage and cut business taxes. Healey.[47]. Less than a month later, however, Bloomberg dropped out of the race and endorsed former Vice President Joe Biden. But [supporting Biden] is an easy decision, too." [71][72][73], In October 2018, the United States Department of Health and Human Services' Administration for Children and Families ordered the Raimondo Administration DCYF to improve in 33 of 36 areas assessed. 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. PROVIDENCE, R.I. (WLNE): Governor Gina Raimondo is still in quarantine after the head of the Department of Health tested positive for COVID-19 over the weekend. [57] This result meant that Raimondo was tied with the governors of North Dakota and Utah for the 12th-highest rating.[58]. [20][21] She went on to Harvard College, graduating magna cum laude in 1993 with a Bachelor of Arts degree in economics. [4], In 2014, Raimondo was elected governor in a three-way contest with 41% of the vote. The outcome could also have ramifications for Ms. Raimondos political ambitions. For example, indoor dining is now permitted, though there are still serious limitations such as a maximum of 50 percent seating capacity. Isabella Guzman is the administrator of the Small Business Administration and was Director of the California Office of the Small Business Advocate. "Gina M. Raimondo Sworn in as 40th U.S. Secretary of Commerce. 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. Net: Oppose: 7%. After being together for a few years, the couple got married in 2001. [40] The program officially launched on April 23, 2012. They have been married for nearly 19 years as of 2020. What Is the CHIPS and Science Act of 2022? Timeline: Highlights of Gina Raimondo's six years as governor of RI. Image: Gina Raimondo has a net worth of at least $5 million. Secretary Raimondo was sworn into office as Governor in January 2015 and won a second term in 2018. 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. The family resides on the east side of Providence. As Ms. Raimondo grew up, other manufacturers like Timex and U.S. Rubber shut their doors, and she saw Rhode Islands schools and infrastructure begin to fray. 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. Time will tell how this reopening plan will fare, seeing as how Rhode Island has also been the site of protests over police brutality. She hosted a roundtable discussion with then-Providence mayor Angel Taveras and members of the Rhode Island Payday Reform Coalition. [18] Raimondo was a childhood friend of U.S. Following the 2020 United States presidential election, Raimondo was routinely mentioned as a possible cabinet secretary in the incoming Biden Administration. In 2000, Raimondo co-founded Point Judith Capital, Rhode Island's first venture capital firm. The couple has two children, a daughter named Cecilia and a son named Thompson Raimondo Moffit. "About Commerce. While the department is well known for its role in promoting business, it has an increasingly important role in regulating it by policing the kind of advanced technology that U.S. firms can share with China, Russia and other geopolitical rivals. However, he has since won, Read More 10 Things You Didnt Know about Henry McMasterContinue, Andrew Ginther is the 53rd Mayor of Columbus. It was a rough time for my family, his daughter recalled during her January nomination hearing. Biden Picks Rhode Island Governor for Commerce Secretary. 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. Born and Raised in Smithfield, RI Since 2015, the department's intensive reforms have resulted in a 43% reduction in the number of youth placed in congregate care and a 39% reduction in the number of youth placed in out-of-state congregate care. In 2016, Fortune named her as one of the World's 50 Greatest leaders. Raimondo is viewed as a relatively traditional choice for commerce secretary. 5. 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. A member of the Democratic Party, she previously served as the 75th governor of Rhode Island from 2015 to 2021, and is the first woman to serve in the role. In an interview, House Oversight Chair Patricia Serpa (D-West Warwick) said, "There's plenty of blame to go around. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Gina Raimondo was born and raised in Rhode Island. The investigation was still underway as of summer 2017. She won in the general election on November 6, 2018. [114], General Treasurer of Rhode Island (20112015), Statewide computer system rollout controversy, Michael Bloomberg's 2020 presidential campaign, United States District Court for the Southern District of New York, Rhode Island Department of Children, Youth & Families, United States Department of Health and Human Services, Executive Office of Health and Human Services, Senate Committee on Commerce, Science and Transportation, U.S.-EU Trade and Technology Council (TTC), List of female governors in the United States, List of female United States Cabinet members, "Raimondo resigns after winning Senate confirmation as U.S. commerce secretary; McKee sworn in as RI governor", "Democrat Gina Raimondo becomes Rhode Island's first female governor", "Raimondo launches campaign for Rhode Island governor", "Raimondo to help lead Democratic Governors group", "Cuomo threatens to sue RI over new policy to find New Yorkers in the state", "Cuomo threatens to sue Rhode Island if it doesn't ease up on New Yorkers during coronavirus pandemic", "Rhode Island Governor Gina Raimondo Embraces Presidential Candidate Michael Bloomberg, Continuing Her Love Affair with Wall Street", "Want to glimpse the Democrats' future? Raimondo is 49 years old as of 2020, he was born on 17 May 1971, in Smithfield, Rhode Island, United States. Her political career is her primary source of income. She previously served as the Governor of Michigan and as the state's Attorney General. Gina Raimondo was born on May 17, 1971, in Rhode Island. The restrictions that the Biden administration issued on Chinas semiconductor industry last month are the boldest, most coherent strategic set of policies that the Commerce Department has ever rolled out with respect to export controls, Ms. Raimondo said. ", Ballotpedia. A member of the Democratic Party, she previously served as the 75th governor of Rhode Island from 2015 to 2021, and is the first woman to serve in the role. In 2002, she founded a venture firm called Point Judith Capital, teaming up with one of her colleagues from Village Ventures. [14], Gina Marie Raimondo was born in 1971[15] in Smithfield, Rhode Island, where she later grew up. 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.". She is also at the epicenter of a growing Cold War with China as the Biden administration uses her agencys expansive powers to try to make Americas semiconductor industry more competitive. [3], During her first year as general treasurer, she prioritized reforming Rhode Island's public employee pension system, which was 48% funded in 2010. 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. He traveled to Providence to applaud her efforts and inspect a local bridge that he said was being held up by Lincoln Logs., Let the horns blow, Mr. Biden said. Andy Moffit and his wife, Gina Raimondo, met while studying at Oxford University in the UK. ", U.S. Department of Commerce. Aside from that, Gina Raimondo was a co-founder and partner in a very small local venture capital firm with very little money under management and a very short track record of investment. From 2011 to 2015, she served as the General treasure of her Island and she has the . Point Judith was a modestly sized outfit, managing about $100 million in two funds. Gina Raimondo Previous position: Governor of Rhode Island (2015-2021), General Treasurer of Rhode Island (2011-2015) On top of that, Raimondo is the Chair of the Democratic Governors Association. "Meet the Contenders for Bidens Cabinet. Additionally, she receives extra remuneration of $100,000, including bonuses and personal expenses. A Rising Star in the Biden Administration Faces a $100 Billion Test, https://www.nytimes.com/2022/11/26/business/economy/gina-raimondo-chips-biden.html. Gina M. Raimondo, the 75th Governor of Rhode Island and its first woman governor, grew up in Smithfield in a tight-knit Italian-American family, the youngest of Joseph and Josephine Raimondo's three children. "[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. Her annual salary as a governor is over $125,000. PROVIDENCE Rhode Island has a new governor. Her mother had shone in a job in human relations at U.S. Rubber, Ms. Raimondo said, but she was dismissed when she became pregnant, a common policy at the time. Ms. Raimondo was also gaining political support elsewhere in the Democratic Party. Updated: Jan 21, 2021 / 12:30 PM EST. Messner opined that "Launching a system without having conducted a live pilot is against the intent of the regulations and against our best advice." Governor Gina Raimondo's first Chief of Staff Steven Neuman was negotiating legislation that impacted one of the most controversial companies in America -- just three weeks before his wife. Harvard Kennedy School professor and former Obama Administration official Jeffrey Liebman agreed with the recommendations and analysis of the report from the U.S. Department of Health and Human Services and claimed that the DCYF is "the most messed-up agency ever". Gina Raimondo Gina's net worth as of 2022 is $300 million. As a governor, her annual salary is over $125,000. Democrat Gina Raimondo resigned the state's top office on Tuesday night, hours after winning U.S. Senate confirmation as commerce secretary on an. Senior editor at Forbes, covering Donald Trump 's business and $ 5.! And all-day kindergarten, repeatedly raised the minimum wage and cut business taxes deals, including bonuses and finance. Seating capacity 2000, Raimondo pushed for payday lending reform as well, in Island... 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