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. [20][21] She went on to Harvard College, graduating magna cum laude in 1993 with a Bachelor of Arts degree in economics. During her time as Governor, Secretary Raimondo kick-started the state's economy and made record investments in infrastructure, education, and job training. According to her annual financial disclosure report filed in 2013 with the Rhode Island Ethics Commission, she made up to $500,000 in capital gains from her old venture capital business, dwarfing her state payment of $108,808. [56] However, Raimondo's approvals saw a significant rise during the COVID-19 pandemic. did jason donofrio married amelia. Raimondo was elected to serve as the vice chair of the Democratic Governors Association (DGA) for the 2018 election cycle. In 2014, Raimondo won an election to become governor. Colleagues and a family member describe her as having little aversion to conflict and say she is drawn to messy policy problems by an impulse to fix them. [36] The Rhode Island Retirement Security Act (RIRSA) was enacted by the General Assembly on November 17, 2012, with bipartisan support in both chambers. Copyright 2021, All Right Reserved MARRIEDCELEB. PROVIDENCE Rhode Island has a new governor. 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. Raimondo was elected alumni fellow at Yale, in 2014. But the risks are similarly huge. [104], On December 1, 2001, Raimondo married Andrew Kind Moffit, in Providence. [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. Ms. Raimondo has also presided over the most aggressive use of the Commerce Departments regulatory powers in a generation. Of Italian descent, she is the youngest of Josephine (Piro) and Joseph Raimondo's three children. Moffit built up an interest in the firms Special Situations Fund, worth somewhere between $1 million and $5 million, according to a financial disclosure report Raimondo filed in January. The auditor's report found that [the contract with Deloitte] was poorly written, poorly overseen and poorly executed. In fact, she was even named a national co-chair for the Bloomberg campaign, which meant a lot more than just verbal support. After Mr. Biden won, they considered her to lead the Department of Health and Human Services before settling on the Commerce Department, a sprawling agency that oversees trade, weather monitoring, the Census and technology regulation. Her current term ends on January 20, 2025. 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. 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. RHODE Island Governor Gina Raimondo has been married to husband Andrew Moffit for twenty years. [40] The program officially launched on April 23, 2012. On top of that, Raimondo is the Chair of the Democratic Governors Association. Raimondo is the 40th Secretary of Commerce and was previously the governor of Rhode Island. Additionally, Gina has a Juris Doctor degree, which she earned from Yale Law School in 1998. Gina Raimondo is the U.S. Secretary of Commerce. [4], In 2014, Raimondo was elected governor in a three-way contest with 41% of the vote. Her father worked at the Bulova watch factory. Net: Oppose: 7%. [19], Raimondo graduated from LaSalle Academy in Providence. For example, indoor dining is now permitted, though there are still serious limitations such as a maximum of 50 percent seating capacity. 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. They have two children: Cecilia and Thompson. As commerce secretary, Raimondo runs the Department of Commerce (DOC), helping communities, businesses, universities, and workers to promote economic growth, job creation, and balanced economic development. She also led the Democratic Governors Association from 2018 to 2019. Gina Raimondo is an American politician who is the first woman to serve as governor of Rhode Island since 2015. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. He became unemployed at 56 when the Bulova company decamped operations to China, shuttering the factory in Providence. ", Democratic Governors. [38] Raimondo's critics attributed the underperformance to a sharp increase in fees paid to hedge fund managers while her supporters argued investments in hedge funds stabilize investments during market downturns for more consistent returns over time. Something that prompted her to throw her support behind Joe Bidens campaign on the same day that Bloomberg did the same. from Yale Law School. Look at Gina Raimondo", "Could Rhode Island's Gina Raimondo Be the Next Centrist Democrat to Fall? Those criticisms have been fanned by rumors in recent months that the White House is considering Ms. Raimondo to serve as the next Treasury secretary if Janet L. Yellen, the current occupant of that post, eventually steps down. [7][8] On March 29, Raimondo repealed the order that specifically referred to New Yorkers, and broadened it to include any out-of-state traveler entering Rhode Island with intent to stay. Messner also pointed out that the state had failed to gradually launch UHIP in phases or administer a live pilot test of UHIP. [70] Rep. Patricia Serpa and Rep. Charlene Lima called for Piccola's resignation, which finally occurred in July 2019. Who is Gina Raimondo? And earlier this month, she and Moffit offloaded their house in Providence for $1.2 million. jack gee, jr Uncategorized. In 2020, Raimondo picked one of her old business partners to serve as a trustee for the University of Rhode Island. An illustration of a magnifying glass. [96] In March 2022, Warren accused Raimondo "lobbying on behalf of Big Tech". [31] In April 2010, former Democratic primary opponent Tom Sgouros dropped out of the race and endorsed Raimondo, leaving her as the only Democratic candidate. interests. Identities Podcasts People Ai. The same year, she became the recipient of the Yale Law School Lifetime Achievement Award. Recently, Governor Gina Raimondo has been criticized for accepting $12,500 in campaign and. She was afraid of pretty much nothing, said her brother, Dr. Thomas J. Raimondo, a pulmonologist in Warwick, R.I. I think because we brought her up tough, but No. In 2002, she founded a venture firm called Point Judith Capital, teaming up with one of her colleagues from Village Ventures. Her net worth has been growing significantly in 2020-2021. [14], Raimondo was the only Cabinet member not to attend Joe Biden's first State of the Union address on March 1, 2022, since she was chosen as the designated survivor. During Raimondo's tenure, the Department of Commerce sanctioned NSO Group for selling spyware technology. ", U.S. Department of Commerce. 6. Gina Raimondo is the current U.S. Secretary of Commerce, coming to the position under President Joe Biden. The lieutenant governor, Sabina Matos, makes $122,740. In total, Raimondo has four degrees. The outcome could also have ramifications for Ms. Raimondos political ambitions. Time will tell whether, Read More 10 Things You Didnt Know about Andrew GintherContinue, Roy Cooper is the Democratic Governor of North Carolina. Katherine Tai is the U.S Trade Representative and previously served as the chief trade counsel for the U.S. House Ways and Means Committee. Some source claims that she might have a net worth of over $300 million, but this is all false assumptions. 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. [111] The couple have two children, Cecilia and Thompson Raimondo Moffit. @JoeBiden has been a champion for women throughout his decades in public service. Rhode Island Gov. "Gina M. Raimondo Sworn in as 40th U.S. Secretary of Commerce. [23][24] Raimondo received her Juris Doctor degree from Yale Law School in 1998. As the United States embarks on its biggest foray into industrial policy since World War II, Ms. Raimondo has the responsibility of doling out a stunning amount of money to states, research institutions and companies like SkyWater. The governor is now getting . "[64], According to documents submitted to the federal government, the cost estimate for UHIP through 2021 is $656million. [41] As of November 2021, the OSIP program is currently managed by Fidelity Investments. Last year, Moffit switched jobs to became chief people officer of a company named PathAI, which is developing technology to help diagnose and treat diseases. Updated: Jan 21, 2021 / 12:30 PM EST. Gina Raimondo is the 75th Governor of Rhode Island. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Her father worked in manufacturing for decades, at a time when Rhode Island was known for its jewelry production. Gina Raimondo, the commerce secretary, was meeting with students at Purdue University in September when she spotted a familiar face. [59] This computer crash created a backlog of more than 20,000 cases. Many view the effort as the best and only bet for the United States to position itself in industries of the future, like artificial intelligence and supercomputing, and ensure that the country has a secure supply of the chips necessary for national security. Shes going to be in a tough spot because there probably will be failures or disappointments along the way, he said. 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. In this Jan. 8, 2021 file photo,. Image: Gina Raimondo has a net worth of at least $5 million. 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. [80] On the same day, Raimondo also endorsed Biden. 7. 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. She has served on the boards of La Salle Academy and Family Service of Rhode Island. Gina Raimondo-Net Worth, Bio, Family, Facts 2022. She went to Harvard, then Oxford as a Rhodes Scholar, then Yale Law School. Currently, she is on her second term, having won the gubernatorial election in 2014 as well as the gubernatorial election in 2018. Caitlin Legacki, a spokeswoman for the Commerce Department, dismissed speculation about Ms. Raimondos next moves as wheel spinning.. Currently, the family of four resides on the east side of Providence. But she is under close watch by Senator Elizabeth Warren of Massachusetts and some other left-wing Democrats, who have criticized her as being too solicitous of corporate interests. When it comes to overseeing industry, Ms. Raimondo has said she sees reasonable regulation of business as a necessity, saying corporations left to their own devices will get greedy. And she has been outspoken about improving living conditions for Americas poor, often decrying an economic system where many women and people of color can work 60-hour weeks but still live in poverty. [88] In August 2021, Politico reported that Raimondo has become one of the "administration's secret weapons on the Hill" due to her role in negotiating the Infrastructure Investment and Jobs Act. Andy Moffit and his wife, Gina Raimondo, met while studying at Oxford University in the UK. [9] Raimondo was named a national co-chair for the Bloomberg campaign. At the same time, the department has increased the number of children placed in licensed foster family homes.[78]. Tudor Investment Corporation, led by hedge-fund billionaire Paul Tudor Jones II, served as an investor and partner, according to the presentation. Ambassador to the United Nations. But Raimondo soon changed fields, electing to pursue finance. [67] Raimondo appointed Trista Piccola as her new DCYF director in January 2017. 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. And in October, the department issued sweeping restrictions on advanced semiconductor exports to China in an attempt to curtail the countrys access to critical technology that can be used in war. Before becoming a politician, Raimondo worked at venture firms. [83][84], On January 7, 2021, Biden announced he would nominate Raimondo to serve as his Secretary of Commerce. 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