[[{“value”:”Some 40 per cent of the biggest US manufacturing investments announced in the first year of Joe Biden’s flagship industrial and climate policies have been delayed or paused, according to a Financial Times investigation. The US president’s Inflation Reduction Act and Chips and Science Act offered more than $400bn in tax credits, loans and grants
The post IRA manufacturing delays appeared first on Marginal REVOLUTION.”}]]
Some 40 per cent of the biggest US manufacturing investments announced in the first year of Joe Biden’s flagship industrial and climate policies have been delayed or paused, according to a Financial Times investigation.
The US president’s Inflation Reduction Act and Chips and Science Act offered more than $400bn in tax credits, loans and grants to spark development of a US cleantech and semiconductor supply chain.
However, of the projects worth more than $100mn, a total of $84bn have been delayed for between two months and several years, or paused indefinitely, the FT found.
Here is more from Amanda Chu, Alexandra White and Rhea Basarkar at the FT.
The post IRA manufacturing delays appeared first on Marginal REVOLUTION.
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