US Factory Boom Disproportionately Favors Poorer Counties

[iluvatar5150]

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money.usnews.com

Strategic sector investments are poised to benefit distressed US counties | Brookings

www.brookings.edu

 

[essentialsaltes]

"Spurred in part by three significant pieces of federal legislation, since 2021"

Looks like Biden's bringing manufacturing back to small-town America.

 

[DaisyDay]

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money.usnews.com

Strategic sector investments are poised to benefit distressed US counties | Brookings

www.brookings.edu

Seems like a good thing.

 

[Laodicean60]

Trump wanted to bring back manufacturing and now Biden and I applaud this action. I like the low-income communities part and I'd also like to see more trade schools or vocational in high school. My high school gave me a leg up on employment with voc tech. With more manufacturers in America the more wage competition and the better off we serfs become. It's all about wages!

"The report credits three major pieces of federal legislation enacted under Biden - the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act - with driving the investment boom. These laws, passed in 2021 and 2022, fund a range of subsidies and tax incentives that encourage companies to place projects in disadvantaged regions. For instance, the Inflation Reduction Act has tax credits that include bonuses of at least 10% when an investment is placed in a low-income community.."

I would also like to see investment with businesses to solidify our position in the Western Hemisphere and get China out of Latin America. It's also about natural resources.

 

[essentialsaltes]

Red states are big winners of Biden’s landmark laws​

Last month, battery recycling company Redwood Materials broke ground on a $3.5 billion battery plant in South Carolina that is expected to create 1,500 new jobs.

In October, Micron started construction in Boise [Idaho] on America’s first new memory manufacturing fabrication plant in 20 years. The facility is expected to create 2,000 jobs and build leading-edge memory chips to be used in cars, data centers and artificial intelligence.

Micron said the $15 billion investment, announced in September 2022, was made possible in part by the tax credits and grants in the CHIPS Act.

Private companies have been especially eager to invest in fast-growing Texas, which does not have a corporate income tax.

A staggering 20% of all investments linked to the IRA and CHIPS Act is flowing to the Lonestar State, according to Fitch.

‘The president of all Americans’​

 

[essentialsaltes]

Meanwhile in Wisconsin...

 

[Vambram]

Red states are big winners of Biden’s landmark laws​

Last month, battery recycling company Redwood Materials broke ground on a $3.5 billion battery plant in South Carolina that is expected to create 1,500 new jobs.

In October, Micron started construction in Boise [Idaho] on America’s first new memory manufacturing fabrication plant in 20 years. The facility is expected to create 2,000 jobs and build leading-edge memory chips to be used in cars, data centers and artificial intelligence.

Micron said the $15 billion investment, announced in September 2022, was made possible in part by the tax credits and grants in the CHIPS Act.

Private companies have been especially eager to invest in fast-growing Texas, which does not have a corporate income tax.

A staggering 20% of all investments linked to the IRA and CHIPS Act is flowing to the Lonestar State, according to Fitch.

‘The president of all Americans’​

It is interesting to note that a majority of these new investments by those corporations are being done in the "Red" states.

 

[BCP1928]

It is interesting to note that a majority of these new investments by those corporations are being done in the "Red" states.

Lower wages, looser labor laws

 

[Vambram]

Lower wages, looser labor laws

Lower cost of living, lower personal and business income taxes

 

[BCP1928]

Lower cost of living, lower income and property taxes.

The downside is the generally lower education level of the workforce. Most of the higher-paid workers have to come from elsewhere.

 

[Vambram]

Most of the higher-paid workers have to come from elsewhere.

That is not necessarily true.

 

[BCP1928]

That is not necessarily true.

It is in my red state, in a region where manufacturing industries are courted. Fortunately, the JC is stepping up and starting to teach industrial skills.

 

[comana]

It is interesting to note that a majority of these new investments by those corporations are being done in the "Red" states.

This is how red states turn blue. More corporations come in, population increases, voter interests start to lean blue.

 

[Vambram]

This is how red states turn blue. More corporations come in, population increases, voter interests start to lean blue.

That is a fair point.

 

[essentialsaltes]

The Biden administration has launched the most ambitious federal program for rural areas since rural electrification. Back in the 1930s, only 1 in 10 farms had electricity. Thanks to New Deal legislation, rural electricity became universal by the mid-1950s. Now, Biden-era programs are funneling $90 billion into high-speed internet over 10 years, with the goal of having universal broadband (defined as 100 mbps download speed and 20 mbps upload) by 2030.

The 2021 Infrastructure Investment and Jobs Act, for example, devoted $65 billion to the task, including $42 billion for the Broadband Equity, Access and Deployment program. Among other pieces of legislation, the 2021 American Rescue Plan provided another $10 billion that states could use for high-speed internet.

President Biden probably won’t be getting much thanks from the rural beneficiaries of his programs; nearly three-quarters of those in rural precincts voted for Donald Trump in 2020. Some Republican lawmakers condemned these bills as “socialism” and even applied the label “traitor” to those who supported the infrastructure bill.

 

[essentialsaltes]

Red states are big winners of Biden’s landmark laws​

In October, Micron started construction in Boise [Idaho] on America’s first new memory manufacturing fabrication plant in 20 years. The facility is expected to create 2,000 jobs and build leading-edge memory chips to be used in cars, data centers and artificial intelligence.

Micron said the $15 billion investment, announced in September 2022, was made possible in part by the tax credits and grants in the CHIPS Act.

Biden makes biggest CHIPS announcement yet (Intel) as he sells his economic wins to Arizona amid climate worries​

The preliminary funding agreement announced Wednesday – which includes the $8.5 billion grant and up to $11 billion in loans – will help support construction, expansion, or modernization of Intel facilities in Arizona, Ohio, New Mexico and Oregon.

In Chandler, Arizona – a Phoenix suburb where Biden will make the CHIPS announcement – the funding is expected to support two new manufacturing facilities, known as fabs, and the modernization of an existing one – creating 7,000 construction jobs and 3,000 manufacturing jobs, according to the White House.

Overall, the White House estimates that the Intel investment, spread across the four states, will create nearly 30,000 jobs.

According to the Semiconductor Industry Association, private companies have announced plans to invest about $256 billion in 79 projects since the spring of 2020 – either in anticipation of the federal investments or after Biden signed the spending package into law.

 

[ThatRobGuy]

This is how red states turn blue. More corporations come in, population increases, voter interests start to lean blue.

Economic boosting efforts can have the effect of making people switch teams "if" the efforts are targeted at the areas that need improvement and they don't propose tinkering too much with other laws.

In comparing historical electoral maps, it would appear that ad-hoc economic endeavors, alone, aren't really enough to do much in the way of state flipping long term.

Historical Presidential Election Map Timeline - 270toWin

Choose a presidential election from the menu to view candidates and an electoral map, as well as election highlights.

www.270towin.com

You see a handful of states that have bounced back and forth from 1992 until now, but very few that flipped from one to the other and stayed that way for the long haul. Colorado is the only state coming to mind that used to be a "could go either way" state, that's turned more solid blue and stayed that way. (and Missouri for the red team)

 

[iluvatar5150]

Economic boosting efforts can have the effect of making people switch teams "if" the efforts are targeted at the areas that need improvement and they don't propose tinkering too much with other laws.

In comparing historical electoral maps, it would appear that ad-hoc economic endeavors, alone, aren't really enough to do much in the way of state flipping long term.

View attachment 344398

View attachment 344399

View attachment 344400

Historical Presidential Election Map Timeline - 270toWin

Choose a presidential election from the menu to view candidates and an electoral map, as well as election highlights.

www.270towin.com

You see a handful of states that have bounced back and forth from 1992 until now, but very few that flipped from one to the other and stayed that way for the long haul. Colorado is the only state coming to mind that used to be a "could go either way" state, that's turned more solid blue and stayed that way. (and Missouri for the red team)

I think the larger trend is going to be states whose populations are dominated by urban knowledge economy worked vs those whose aren't. Without looking at polls, my guess would be that the next to flip solidly blue (assuming GA stays put) would be OH and NC, then maybe Idaho in a few years. Trump's margins there have been pretty big, but the raw numbers are small enough that it wouldn't take a very big influx of libs from WA and OR to put it over.

 

[ThatRobGuy]

I think the larger trend is going to be states whose populations are dominated by urban knowledge economy worked vs those whose aren't. Without looking at polls, my guess would be that the next to flip solidly blue (assuming GA stays put) would be OH and NC, then maybe Idaho in a few years. Trump's margins there have been pretty big, but the raw numbers are small enough that it wouldn't take a very big influx of libs from WA and OR to put it over.

As an Ohioan, I don't know that it'll be flipping to permanent blue any time soon.

While what you're saying about the economic aspects has validity... social aspects can put the breaks on that "permanent" flip for quite some time.

While Ohioans (even red ones) showed that they're receptive to some of of the positions of the "blue team" (based on the ballot measures that passed by big numbers for abortion rights and recreational marijuana), voting patterns on other issues would indicate that people aren't necessarily quite ready to buy everything the blue team is selling at the moment.

Mike DeWine (who's still pretty conservative, he's just not a loud mouth like Trump and is more civil) won by large numbers... and even took 4 of the 6 counties that are home to the six "big cities" (well, big by Ohio standards lol)

Now, there are a lot of economic positions of the blue team that are pretty popular among Ohioans of all stripes (I know several Republicans here who are very Union-proud, and some 68% of Ohioans support paid family leave, and well over half support Medicaid expansion). All things that Whaley supports, but Mike DeWine...not so much.

The indicates to me that Ohioans would be willing to support that message, but not if it's coming in a "package deal" along side some of the social initiatives Democrats have taken up.

And based on the fact that DeWine still won by nearly a 2:1 margin, I think it would take more than just a small influx of more progressive leaning outsiders moving in to flip that. The Democrats are about a million votes short right now in Ohio. And let's just be perfectly frank, Ohio's not exactly a "destination hotspot" where people are itching to move to. Especially for younger people who have that flexibility of being able to uproot and move. I'm an Ohio resident, and spent a collective 5 months of the last year being in places other than Ohio just to get a change of scenery lol. There's only so many times you can go to the Rock Hall or watch the Browns lose.