One Year of President Biden’s Chips and Science Act in Ohio
FOR IMMEDIATE RELEASE: August 2, 2023
PRESS CONTACT: McKenzie Wilson, [email protected], 773-715-0169
ONE YEAR OF PRESIDENT BIDEN’S CHIPS AND SCIENCE ACT IN OHIO
WASHINGTON, D.C. — One week from today marks the one-year anniversary of President Biden signing the CHIPS and Science Act into law. This legislation — which has already spurred more than $20 billion in semiconductor and electronics investments in Ohio — is a first-of-its-kind national investment in one of the nation’s biggest sectors of economic growth.
Ahead of the anniversary, Building Back Together spokesperson McKenzie Wilson released the following statement:
“President Biden’s signing of the CHIPS and Science Act into law has spurred a U.S. manufacturing boom the country had not seen in generations. Since its passage one year ago, the CHIPS and Science Act has already led to massive local investments in Ohio’s semiconductor and electronics manufacturing capacity, including more than 20 billion dollars in private investments into the state. Perhaps most importantly, this bill is also investing in American workers. More than 60% of semiconductor fabrication plant jobs don’t require a college degree, and it’s why the Biden-Harris Administration has announced new partnerships with local officials and governments across Ohio to train the workforce of the future.
Put simply, the CHIPS and Science Act’s impact on Ohio is Bidenomics in action: public investments spur private investments, creating jobs and helping grow the middle class.”
In just one year, the CHIPS and Science Act is already making a major impact for Ohioans:
- In New Albany, Intel announced a $20 billion investment to build two new factories, creating an estimated 7,000 union construction jobs and 3,000 full time roles with an average annual pay of $135,000.
- At Ohio State University, the school’s Enterprise for Research, Innovation, and Knowledge is helping lead the nation in semiconductor workforce training by creating partnerships between research universities, community colleges, and high-schools to help give students hands-on experience in semiconductors.
- Eastern Gateway Community College is leading workforce and career accelerator training to help build a pipeline for Ohioans into semiconductor industry positions.
- In June, Columbus was designated as one of the Biden-Harris Administration’s designated workforce hubs to help meet local demand for semiconductor manufacturing labor driven by local infrastructure and manufacturing investments.
- Ohio business leaders have applauded the CHIPS and Science Act since its passage: Jeff Hoagland, President and CEO, Dayton Development Coalition, praised the bill saying “federal funding to jumpstart American semiconductor manufacturing is a huge win for Ohio and the Dayton region.”
And across the country, the CHIPS and Science Act has:
- Helped generate more than $231 billion in private-sector semiconductor and electronics manufacturing projects across the United States since it was signed into law.
- Forged a new pathway for those without college degrees to find high-wage jobs: more than 60% of jobs in semiconductor fabrication plants don’t require a college degree. In order to help workers get the training they need to qualify for these roles, the Biden-Harris Administration is working with high schools and community colleges to train 100,000 new technicians over the next decade through apprenticeships, career and technical education, and career pathway programs.
- Become a central part of the Biden-Harris Administration’s Investing in America agenda to rebuild our manufacturing and supply chains here at home, solidify America’s global leadership, and protect our long-term national security.
Read more about the CHIPS and Science Act’s investments in Ohio at Invest.gov.