The 118th Congress begins with a Republican-controlled House under new leadership in both parties. On the GOP side. Rep. Kevin McCarthy (R-CA) will serve as the 55th speaker of the house and Rep. Steve Scalise (LA) as majority leader.
California manufacturers have collected millions of dollars in tax credits and incentives, and now that service is available to Ohio manufacturers, too.
The immediate results of the midterms left more questions than answers. The Red Wave never materialized, surprising both parties. Democrats maintain control of the Senate, and with several races too close to call, control of the House remains undetermined.
Several new laws enacted in the 117th Congress – some bipartisan – represent more than $1.5 trillion in programs aimed at reinforcing the U.S. industrial base and reducing our reliance on foreign sources for critical minerals, technologies, and products.
In a flurry of activity before the August recess, Congress finally approved the bipartisan funding package to boost semiconductor production in the United States and counter China’s competitiveness in advanced technologies.
The first comprehensive database of public sector incentives and funds for small to medium-sized manufacturers is now online for those California. Launching in other states soon.
The Biden administration sees the AM Forward initiative as a way to boost 3D printing technology by small and medium-sized manufacturers and a path to more resilient supply chains, increased U.S. competitiveness, and good-paying jobs.
The EXIM launched the Make More in America Initiative. This program provides domestic financing tools to help American manufacturers gain new access to capital to fill critical supply chain gaps.
Plenty is happening in the nation’s capital on the domestic and international fronts. Of course, that’s always the case in election years with lawmakers jockeying for voters’ attention, but the war in Ukraine adds new urgency to many initiatives.
There's a lot at stake this November, not only for the candidates but for their constituents in the manufacturing industry.