AAM Statement: President Biden’s Industrial Policy is Revitalizing the U.S. Economy; There’s More Work Ahead

Washington, D.C. – The Biden administration begins its three-week “Investing in America” tour in North Carolina today to highlight President Biden’s economic achievements, including the CHIPS and Science Act, Bipartisan Infrastructure Law, and Inflation Reduction Act. 

Alliance for American Manufacturing President Scott Paul said:

“The Biden administration is on the right track, putting together smart policy that is strengthening manufacturing and reshoring critical supply chains. The CHIPS and Science Act, the Bipartisan Infrastructure Law, and the Inflation Reduction Act are already contributing to a manufacturing boom, as $300 billion in private investments have been announced since 2021, creating thousands of well paid jobs along the way. 

“This progress must be only the first step, and not the last word. 

“Sustaining the success of the Biden administration’s manufacturing agenda depends on proper implementation of Buy America provisions in the infrastructure law, and further investment in key sectors to ensure our nation’s place as a global leader. As geopolitical tensions increase, the strength of America’s manufacturing base is more important than ever. Industrial policy is our ticket to a brighter future.”