ICYMI: Nearly One Year in, President Biden’s Clean Energy Plan is Creating Jobs and Opportunities Across the Country
Washington, D.C. – As the largest ever investment in our country’s clean energy future, the Inflation Reduction Act is delivering tangible results across the country, especially in GOP-hed districts. Regardless of political affiliation, Americans are embracing the clean energy boom and countless energy projects and good-paying jobs that Bidenomics is making a reality.
The Washington Post profiled Republican and former County Commissioner of Paulding County, Ohio, Tony Zartman, who has spent the past year encouraging his counterparts to put politics aside and approve new proposed projects:
“We have new parks; the school systems are flourishing with all the additional revenue; the roads are in the best condition they’ve been in,” said Zartman. “I tell them, ‘I am a die-hard conservative, but I support renewables because they’ve just been amazing for us financially.’”
AP reports that in Kentucky, the Inflation Reduction Act has offered significant tax credits for clean energy projects, despite lawmakers in the state continuing to promote fossil fuels. On the heels of a solar installation that qualified for an expanded 30% federal tax credit from the law, Heather Baggett said:
“For us, it’s not politically motivated. It really came down to, financially, it made sense.”
Jesse Jenkins, Princeton professor and leader of the REPEAT Project, said this manufacturing boom is long overdue.
“‘It seems like every week there’s a new factory facility somewhere being announced,’ said Jenkins. ‘We’ve been talking about bringing manufacturing jobs back to America for my entire life. We’re finally doing it, right? That’s pretty exciting.’”
And in a new report, Morgan Stanley also credited President Biden’s economic policies with driving an unexpected surge in the U.S. economy.
Biden’s Infrastructure Investment and Jobs Act is “driving a boom in large-scale infrastructure,” wrote Ellen Zentner, chief U.S. economist for Morgan Stanley. In addition to infrastructure, “manufacturing construction has shown broad strength,” she wrote.
As a result of these unexpected swells, Morgan Stanley now projects 1.9% GDP growth for the first half of this year. That’s nearly four times higher than the bank’s previous forecast of 0.5%.
These reports demonstrate the resilient economy President Biden is building with his clean energy plan, spurring investments in manufacturing and infrastructure nationwide, creating jobs and supporting workers in red, blue, and purple states alike.