It could be one. The capital is certainly there to fund it.
by EricCartman (2024-02-22 13:43:54)

In reply to: It's not a robust and healthy industry in the united states  posted by fontoknow

Cannot Reply Return to Political

If the cost of permitting is an issue, then the CHIPs Act should address the permitting process, instead of throwing money at a broken process.

Funny that you mention the cost of labor, when the CHIPs Act forces companies to provide a laundry list of liberal labor/ benefit policies to obtain funding.

From the NYT:

For one, the department will require companies seeking awards of $150 million or more to guarantee affordable, high-quality child care for plant construction workers and operators. This could include building company child care centers near construction sites or new plants, paying local child care providers to add capacity at an affordable cost or directly subsidizing workers’ care costs. Ms. Raimondo has said child care will draw more people into the work force, when many businesses are struggling in a tight labor market.

Applicants are also required to detail their engagement with labor unions, schools and work force education programs, with preference given to projects that benefit communities and workers.

Other provisions will encourage companies, universities and other parties to offer more training for workers, both in advanced sciences and in skills like welding. The department said it would give preference to projects for which state and local governments were providing incentives with “spillover” benefits for communities, like work force training, education investment or infrastructure construction.

This is part of the Biden administration’s “worker-centered” approach to economic policy, which seeks to use the might of the federal government to benefit workers. But some critics say it could put the program’s goal of building the most advanced semiconductor factories at risk, if it adds excessive costs to new projects.



Replies: