The U.S. seems poised for a manufacturing boom as companies tap into government subsidies, pledging to spend tens of billions of dollars on new projects.
The Chips and Science Act and the Inflation Reduction Act (IRA) together include more than $400 billion in tax credits, grants and loans designed to foster a domestic clean technology and semiconductor manufacturing base.
Throw in the Bipartisan Infrastructure Law, and you have something reminiscent of Franklin Roosevelt’s New Deal in the 1930s…except that the sheer numbers are much larger. The U.S. government is putting a whopping $2 trillion behind these acts.
So, how can you invest to get in on this government gravy train?
This post originally appeared at Investors Alley.