President Biden to Tout Bidenomics Benefits in Wisconsin
Milwaukee, Wisconsin – Ahead of the first anniversary of the Inflation Reduction Act’s passage, President Biden will visit Wisconsin to tout how Bidenomics is growing the U.S. economy by creating good-paying jobs and clean energy incentives for middle-class families.
The Inflation Reduction Act will invest an estimated $4 billion in large-scale clean power generation and storage in Wisconsin between now and 2030. Over the next three years, the amount of renewable energy available on the state’s grid is expected to double. This groundbreaking stimulation to Wisconsin’s economy will deliver good-paying jobs and reduce energy costs for families.
President Biden’s visit comes just a week before GOP presidential candidates, who want to rollback clean energy investments, take the debate stage.
Some examples of the private sector investments in Wisconsin’s booming clean energy economy since the Inflation Reduction Act’s passage:
- In May 2023, Ingeteam announced it would expand its direct current fast and ultra-fast charging manufacturing facility in Milwaukee, Wisconsin, adding 100 new good-paying jobs.
- In April 2023, ABB announced it would invest $100 million in building a new Drives and Services facility in New Berlin, Wisconsin. The new facility will create 100 new jobs.
- In November 2022, Excellerate announced plans to construct a new electrical component manufacturing facility in Little Chute, WI, creating 200 new jobs.
- In June 2022, Alliant Energy started construction on the Beaver Dam Solar Project in Beaver Dam, Wisconsin. The project is expected to utilize local labor unions and create more than 100 jobs.