Inflation Reduction Act Leads To Record Spending On New U.S. Factories

[onthedarkside]

 

The Inflation Reduction Act and the pandemic and geopolitical impacts on major supply chains are driving increased spending on manufacturing-related construction spending in the United States.  

 

Spending on factory building is at a record high, thanks to the incentives for clean energy in the IRA and efforts to reshore supply chains to the U.S., especially in semiconductors and critical materials supply for electric vehicles and renewable energy, analysts and industry officials say.  

 

Manufacturing-related construction spending hit a record $108 billion in 2022, according to Census Bureau data cited by The Wall Street Journal.

 

https://oilprice.com/Energy/Energy-General/Inflation-Reduction-Act-Leads-To-Record-Spending-On-New-US-Factories.html

 

[Tug]

That’s great employment in the building of,maintaining them,and in the manufacturing of the products!less dependence on foreign companies and suppliers that’s getting it done for America and our people!that’s leadership in my humble opinion thanks team Biden!

[Chomper Higgot]

Bringing jobs to America and as predicted Clean Energy initiatives creating jobs in America.

 

Well done President Biden.