Don Graves Deputy Secretary of Commerce | Official Website
The U.S. manufacturing sector is a significant contributor to the national economy, generating $2.65 trillion and employing nearly 13 million workers. This sector accounts for 10.3 percent of the nation's GDP, according to recent reports during Manufacturing Month.
President Joe Biden's administration has focused on revitalizing U.S. manufacturing through several initiatives and investments. Key legislative measures such as the Bipartisan Infrastructure Law, Inflation Reduction Act, and CHIPS and Science Act have played pivotal roles in these efforts.
The Commerce Department has been at the forefront of investing billions into U.S. manufacturing, leading to over 700,000 new jobs and $910 billion in private investments nationwide since the start of the Biden-Harris Administration.
Carlos from Baltimore is one beneficiary of these initiatives through the Maryland Works for Wind project, which received $23 million under the Good Jobs Challenge grant program. The project focuses on training underserved populations for jobs in greener industries.
Pat, a training manager from Mississippi involved in a similar program funded by Commerce, highlighted the impact of this funding: “We’re getting kids right out of high school and training them for good-paying, high-quality jobs."
Manufacturing remains a priority for the U.S. Economic Development Administration (EDA), which has invested $2 billion since January 2021 into projects supporting manufacturing growth across America.
One key focus area is semiconductor manufacturing under CHIPS for America. President Biden signed the bipartisan CHIPS and Science Act of 2022 into law to bolster domestic production capabilities with a $50 billion investment aimed at research and development as well as facilities enhancement.
To date, semiconductor companies have announced over $400 billion in private investments catalyzed by public funding efforts like CHIPS for America. The initiative is expected to create more than 125,000 jobs.
Additionally, broadband connectivity has emerged as an essential element powering manufacturing growth through NTIA’s Broadband Equity, Access, and Deployment (BEAD) Program supported by federal funding from Biden-Harris Administration’s Bipartisan Infrastructure Law (BIL).
These collective efforts underscore ongoing endeavors toward enhancing America's economic competitiveness via strengthened domestic manufacturing capabilities alongside workforce development strategies designed around equity-driven principles.