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simsa04 (simsa04@gnusocial.net)'s status on Tuesday, 13-Jun-2023 21:41:32 JSTsimsa04 Tobias Burns, "How Biden’s big investments spurred a factory boom" https://thehill.com/business/4045941-how-bidens-big-investments-spurred-a-factory-boom/
« Annual spending on manufacturing construction held somewhat steady during the 2010s, generally keeping within the range of $50 billion to $80 billion, according to U.S. Census Bureau data. Levels were lower and the range of spending tighter in the decade before.
But following the passage of three large-scale economic packages loaded with tax incentives and direct funding for industrial projects and operations, investment in manufacturing construction shot up to $189 billion in April on a seasonally adjusted basis, more than doubling pre-pandemic levels. [...]
The 2021 Bipartisan Infrastructure Law along with the Inflation Reduction Act (IRA) and CHIPS and Science Act, both passed in 2022, are the main drivers behind the construction boom, economists say. »