The Biden administration’s efforts to revive U.S. manufacturing appear to be succeeding, with some business sectors plowing in almost 20 times the investment in new U.S. manufacturing projects versus only a few years ago.
Joe Biden made bringing manufacturing jobs and investment back to the U.S. a cornerstone of his presidential campaign in 2020. While he has yet to formally announce a widely expected reelection bid, the president will likely lean heavily into two major legislative wins during his term that unlocked billions to support new U.S. manufacturing—last year’s Inflation Reduction Act and the CHIPS and Science Act.
