The effort was spearheaded by Ivanka Trump, a senior adviser to the President.
"Our country's long been the leader in innovation fueled by the skills, creativity and grit of our workforce. In recent years with growing technological advancements, the nature of our workforce has increasingly shifted to jobs requiring a different skill set, specifically in coding and computer science," Ivanka Trump told reporters in a Monday conference call.
She called the presidential memorandum "an enormous step forward toward an important milestone of aligning the skills being taught in our classroom with the jobs that exist in the country."
On Tuesday, the private sector built on that commitment as the Internet Association announced
a $300 million investment in K through 12 computer science programs over five years. Tech giants Amazon, Facebook, Google, Microsoft and Salesforce each commit $50 million, and other contributors include Lockheed Martin, Accenture, General Motors, Pluralsight, Quicken Loans and Intuit.
The announcement will be formally rolled out later Tuesday at an event in Detroit with Ivanka Trump.
The President signed the memorandum in the Oval Office Monday afternoon, surrounded by Education Secretary Betsy DeVos, Labor Secretary Alex Acosta, lawmakers, his daughter, and a diverse group of students.
"I've asked Ivanka to lead up the White House efforts on workforce development, and the initiative today is a critical part of that endeavor," he said.
Ivanka Trump said she has worked on the initiative alongside the Education Department, Labor Department, business leaders, educators, nonprofits and governors, with initial conversations starting during the presidential transition.
Female participation in computer science-related jobs has declined since 1990, and the White House's guidance to the Education Department asks "that these programs be designed with gender and racial diversity in mind," Trump said.
The Obama administration called for $4 billion for computer science education
in an initiative announced in January 2016; however, that funding never materialized from Congress.
"While the previous administration recognized that this was an important initiative, ultimately, beyond the announcement, they were not able to act upon it because they did not get the congressional legislation they needed," a senior Trump administration official said.
The Trump administration announcement directs investment from Education Department's funding and does not require additional legislation, according to Reed Cordish, also an assistant to the President.
"It directs the secretary of education to explore administrative action that will add or increase focus on computer science in existing K through 12 and post-secondary programs," Cordish said, noting that the memo signed by the President requires that an annual report be done to assess the initiative's effectiveness.
In addition to her Tuesday trip to Detroit, the first daughter will highlight STEM and computer education on Wednesday, visiting a public school alongside Microsoft President Brad Smith and nonprofit Code.org CEO Hadi Partovi.
The real estate businesswoman turned entrepreneur turned White House aide has a West Wing portfolio that includes women's economic empowerment, combating human trafficking
, paid family leave, a childcare tax credit, workforce development and promoting STEM education, among other initiatives.
While her focus on STEM began with an interest in technology and innovation, Trump has also made a commitment to engaging her own children from a young age.
Speaking to students earlier this year at Smithsonian's Air and Space Museum, Trump announced that she would be taking a coding class over the summer with daughter Arabella, 6, calling coding "the language of the future."
On Monday, the President had some advice for the students in the Oval Office, encouraging them to "always follow your hearts."
"Always remember this: Do what you love. Study what you love. Your parents may want you to do something and you should always listen to your parents, but try to focus on the things that you love, whether it's in studies or when you get out of school, do what you love and you're going be successful," he said.