Actually yes lol - the construction is mostly a bonzana from the chips act and the IRA
American Economics Thread
- Thread starter Bernard
- Start date
Then it's temporary increase in electricity use, once construction is over, the use will decrease, so the increase is not sustained and thus not something to brag about, right?
broadsword
Brigadier
How many factories will be built? Do you have the value of the buildings and the floor area?
Look how well our economy is growing, it's almost pre 2008 levels!!!
The site linked below tracks IRA and Chips Act projects to see what current state they are in.
The graph below includes the 20 largest IRA projects announced so far along with the status of their development.
This infographic shows which states benefit most from each funding program.
Red leaning states are really cleaning up on this. They are receiving the lion share of the funding.
The graph below includes the 20 largest IRA projects announced so far along with the status of their development.
This infographic shows which states benefit most from each funding program.
Red leaning states are really cleaning up on this. They are receiving the lion share of the funding.
Great post @SlothmanAllen
Yeah Red States getting renewables investments isn't too surprising, plays to their strengths. CHIPS looking a little grim if I'm being honest.
Yeah Red States getting renewables investments isn't too surprising, plays to their strengths. CHIPS looking a little grim if I'm being honest.
Not investing heavily in Texas is a big misstep. There is Samsung, Intel, AMD established in the Silicon Hills so there is no lack of local talents, and the water situation is nowhere as pressing as it is in Arizona.
Most interesting to me is how does this play out over the long term. Is this just a flash in the pan, or will the US continue will some sort of industrial policy in the future?
I think people have to accept that their are probably going to be some pretty major duds through funding IRA and CHIPS act programs. I think that is just the nature of government based industrial policy on top of the fact that the US is doing this for the first time in quite a while. So there is going to be a learning curve which will require continued government funding to support the development of people more skilled in industrial development.
Shoulda built in DFW
Texas or New York state would have been good choices to build a fab in the US. Both places have a lot of fabs and the local government is amicable to such kinds of investments.