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One America Works, a nonprofit that helps high-growth companies find the right cities for expansion, received a $1 million grant over two years from the Richard King Mellon Foundation.

Why it matters: While the dollar amount isn't huge, it shows an increasing interest in strategically spreading economic opportunity to new places.

How it works: One America Works piloted its program in Pittsburgh in 2019, after an initial $250,000 grant from the RK Mellon Foundation.

  • In the first year, One America Works sourced five companies seeking to fill 250 positions with the expectation that 80 tech jobs would land in Pittsburgh, according to founder Patrick McKenna, an entrepreneur and investor with roots in Silicon Valley.
  • The organization uses analytics to match the right city for the company's requirements based on talent, transportation access, quality of life and affordability.

The goal is to expand the "New Growth Playbook" into more cities and build a pipeline of companies interested in expanding there. Contenders include Columbus, Indianapolis, Nashville and St. Louis.

The big picture: McKenna said he started One America Works last year to "get more companies to see the value in accessing new talent, lowering cost and increasing opportunity in more places."

  • He's targeting early high-growth companies with around 200 employees who are planning to hire another 200.
  • Starting an office outside of Silicon Valley for 10–20 employees with the potential to grow is increasingly attractive to startups struggling to afford and retain talent in the ultra-expensive and competitive Bay Area.

"Imagine if we had 20 other cities besides the three to four we have now that were legitimate destinations for the tech workforce," McKenna said. "That changes the whole country."

Go deeper: Venture capital slowly seeps outside of Silicon Valley

Go deeper

NASA estimates Tonga volcano exploded with force of 5-6 megatons

A satellite image of Hunga Tonga Hunga Ha’apai volcano on Dec. 24, before the eruption. Photo: Satellite image ©2022 Maxar Technologies

NASA scientists estimate the power of Tonga's volcanic eruption over the weekend to have been 5-6 Megatons of TNT equivalent.

Threat level: Saturday's eruption of the Hunga Tonga Hunga Haʻapai volcano and subsequent tsunami killed at least three people. Scientists warn an "ash-seawater cocktail" poses a potentially toxic health threat, and drinking water could be contaminated.

Updated 3 hours ago - Politics & Policy

New York AG alleges "significant evidence" of Trump Organization fraud

Combination images of former President Trump and New York State Attorney General Letitia James. Photo: Al Drago/Bloomberg via Getty Images; Scott Heins/Getty Images

New York's attorney general filed a motion Tuesday seeking to compel former President Trump and his two elder children to appear for sworn testimony in her office's civil investigation into the Trump Organization's financial dealings.

Why it matters: Attorney General Letitia James revealed new details in the court filing and a statement on her office's investigation into the Trump Organization's business practices, including a preliminary finding alleging the company used "fraudulent and misleading asset valuations to obtain economic benefits."

5 hours ago - Technology

Ex-N.Y. Post digital chief files lawsuit alleging sexual harassment

Richard B. Levine) (Photo by Richard Levine/Corbis via Getty Images

Former New York Post editor Michelle Gotthelf is suing her former employer, its parent company News Corp. and two editors, alleging she was reprimanded after complaining to senior executives that she was sexually harassed by retired N.Y. Post editor-in-chief Col Allan. The N.Y. Post issued a statement denying any wrongdoing.

Why it matters: "I felt that I owed it to myself and I owed it to the news organization and the people who answered to me," Gotthelf, who was a long time editor at the N.Y. Post, told Axios in an interview.