• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Environment

Biden unveils $612 million in post-hurricane aid on Florida trip

By
Skylar Woodhouse
Skylar Woodhouse
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Skylar Woodhouse
Skylar Woodhouse
and
Bloomberg
Bloomberg
Down Arrow Button Icon
October 13, 2024, 6:49 PM ET
Joe Biden speaks at podium
Joe Biden speaks Sunday after a tour of the damage caused by Hurricane Milton in St Pete Beach, Florida. Joe Raedle—Getty Images

President Joe Biden announced $612 million in recovery aid for areas stricken by hurricanes Milton and Helene as he surveyed the aftermath of Milton in Florida.

Recommended Video

“This funding will not only restore power, but will make the region’s power system stronger and more capable and reduce the frequency and duration of power outages while extreme weather events become more frequent,” Biden said Sunday during a stop in St. Pete Beach.

Biden said Friday that the damage from Milton alone could be around $50 billion based on early assessments. Sunday’s funding announcement will go toward six Department of Energy projects to strengthen the region’s electric grid, according to the White House. 

The trip is part of an effort by Biden and Vice President Kamala Harris, who is running for the presidency in the Nov. 5 election, to assure voters that they are maximizing the government’s disaster response and counter claims by former President Donald Trump, the Republican nominee, that the administration isn’t doing enough. 

Milton is the second storm to strike Florida in recent weeks, bringing new devastation to a state still recovering from Hurricane Helene, which caused a swath of damage across the southeastern US. Harris was visiting North Carolina on Sunday for stops including a campaign rally. 

The relief funds will be distributed through the Department of Energy’s Grid Resilience and Innovation Partnerships Program. Projects slated to receive some of the funding include $47 million for Gainesville Regional Utilities and $47 million for Switched Source to partner with Florida Power & Light.

Coins2Day Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Coins2Day Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Authors
By Skylar Woodhouse
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.