Spurred by federal legislation, new industrial investments are reaching a wide swath of the country | Brookings
www.brookings.edu
These investments in semiconductors, clean energy, electric vehicles, and batteries are the result of a renewed economic and national security vision, Semiconductors and electronics represent nearly half (46%) of the committed investments, largely due to the costly nature of fabrication plant constr
1 Users
0 Comments
5 Highlights
0 Notes
Summary
New industrial investments in semiconductors, clean energy, electric vehicles, and batteries are being driven by federal legislation and reaching various parts of the country. Semiconductors and electronics make up almost half of the investments, while energy-related investments account for 48%. The Southern U.S. states are leading in industrial investments, despite not being the most distressed or dynamic areas. This suggests that manufacturers are investing in "middle" places that are neither too distressed nor too dynamic. Overall, the investments are aimed at boosting economic growth and national security.
Top Highlights
- These investments in semiconductors, clean energy, electric vehicles, and batteries are the result of a renewed economic and national security vision,
- Semiconductors and electronics represent nearly half (46%) of the committed investments, largely due to the costly nature of fabrication plant construction.
- Roughly 48% of new investment announcements are energy-related, with $140 billion in new private capital committed to electric vehicle and battery manufacturing and $82 billion committed to clean energy production. Electric vehicles and batteries account for the largest number of projects (101)
- Southern U.S. states house 38% of the nation’s population and generate 34% of its GDP. But this region accounts for 42% of the announced industrial investments—a substantially higher share than any other region
- This data suggests that the capital investment boom is neither flowing to the most distressed places in America nor to those counties that already have the strongest labor markets. Rather, manufacturers are disproportionately investing capital in “middle” places that are neither too distressed nor too dynamic
Tags
economics
climate tech
Domain
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.