'War of the states': EV, chip makers lavished with subsidies

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States are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize on a wave of huge new projects.

The subsidy offers are generally embraced by politicians from both major parties and the business elite, who point to promises of hundreds or thousands of jobs, massive investments in construction and equipment, and what they contend are immeasurable trickle-down benefits.

The mounting cost of competing for the projects hasn't dissuaded states from trying. On the contrary, they're clambering to outdo each other. Jabbing a finger in the air, he brought the room to a standing ovation, saying: ”It’s time to compete again here in Pennsylvania!”are advancing legislation that would marshal $200 million in subsidies and loosen decades-old protections against urban sprawl.

“The money the state is putting up is so large that certain companies can’t afford not to look at it,” Sheehy said.

 

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Oh look. Billionaires becoming more rich

Of course. We have infinitives for things we need. Unlike solar which the only state who has a surplus of natural gas burns off instead of utilizing.

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'War of the states': EV, chip makers lavished with subsidiesStates are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize on a wave of huge new projects
Source: WOKVNews - 🏆 247. / 63 Read more »

'War of the States': EV, Chip Makers Lavished With SubsidiesStates are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize on a wave of huge new projects. Need to get the last of the manufacturing jobs before robots and AI take over.
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'War of the states': EV, chip makers lavished with subsidiesStates are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize on a wave of huge new projects. Georgia, Kansas, Michigan, New York, North Carolina, Ohio and Texas have made billion-dollar pledges for a microchip or EV plant, with more state-subsidized plant announcements by profitable automakers and semiconductor giants surely to come. The projects come at a transformative time for the industries, with automakers investing heavily in electrification and chipmakers expanding production in the U.S. following pandemic-related supply chain disruptions that raised economic and national security concerns. These conservative states get the contracts and find out their MAGA workers don’t have the skills to do the jobs. They bring in “outside workers” and the MAGAs head for Idaho. dur! when Nancy went to Taiwan what did you think was going to happen They raise taxes putting local businesses out of business and causing the loss of jobs in order to redistribute the money and the jobs to big corporations who live off corporate welfare.
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‘War of the states’: EV, chip makers lavished with subsidiesStates are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize on a wave of huge new projects.
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