Federal Legislation Affects Companies’ Investment Plans
Companies looking to grow are facing an historically tight labor market and rising costs, but their plans to invest may be buoyed by recent government legislation.
Q1 2023
Just drive around New Albany, Ohio, a northeastern suburb of Columbus, and you will see the visible impact of the 2022 CHIPS Act. Intel announced its plans for a $20 billion semiconductor manufacturing site in the area. Dirt is moving, roads are widening, and hammers are swinging. This is true on the Intel site and in all directions around it. CHIPS is driving real opportunity for companies and workers.
The Tulsa, Oklahoma, region is in the process of deploying more than $100 million in American Rescue Plan Act dollars. Much of this funding is being used on hard assets: aviation, ports, and wastewater systems. These investments will unlock more than 7,000 acres for development; nearly 60 percent of that land is targeted for industrial uses. ARPA is being used to accelerate the capacity for growth by decades.
Major federal bills recently signed into law are spurring robust and rapid movement in the private sector. The survey indicates that many companies are acutely aware of the opportunities these types of strategic investments create. While some businesses will benefit from the immediate expenditure of these dollars, countless more will benefit from the ability to expand through utilization of new infrastructure and real estate assets that will become available as a result of these projects. utilization of new infrastructure and real estate assets that will become available as a result of these projects.
Project Announcements
Jel Sert Company Expands West Chicago, Illinois, Manufacturing Operations
06/16/2025
Technomics Expands Arlington County, Virginia, Operations
06/16/2025
Conveyor Technology Expands North Little Rock, Arkansas, Manufacturing Operations
06/16/2025
Amazon Plans Salem Township-Falls Township, Pennsylvania, Operations
06/16/2025
Sentio BioSciences Expands Maryland Heights, Missouri, Production Operations
06/14/2025
Titan Mechanical Plans Defiance, Ohio, Fabrication Operations
06/12/2025
Most Read
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Get Your Mega Site ‘Project Ready’
Q2 2025
-
Navigating the new era of SCIF construction
Q1 2025
-
Why Cold Storage May Defy the Tariff Crunch
Q2 2025