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Inflation Reduction Act (IRA)

CHIPS and Science Act (CHIPS)

+

Manufacturing Investment Announcements

All data represented below is following the signing of the CHIPS and Science Act on August 9, 2022 and the Inflation Reduction Act (IRA) on August 16, 2022. Investment announcements prior to the related bill's signing date are not included.

Last Updated: 5/28/23

Total Investment Dollars (IRA + CHIPS)

$

220

BILLION

Total Jobs Created (IRA + CHIPS)

77,600

JOBS

Inflation Reduction Act (IRA)

Total Investment Dollars

Total Jobs Created

$

69

BILLION

56,200

JOBS

Total Projects

84

CHIPS and Science Act (CHIPS)

Total Investment Dollars

Total Jobs Created

$

151

BILLION

21,400

JOBS

Total Projects

26

Inflation Reduction Act (IRA)

CHIPS and Science Act (CHIPS)

Election Results Data by Investment Location

“The Inflation Reduction Act is really starting to get traction across the industry. The pace of battery manufacturing announcements is really accelerated. It feels like there’s at least one a week — these are the sort of things that would have been on the scale of one every five years just a couple of years ago.”

JB Straubel; Founder and CEO of Redwood Materials

December 14, 2022

Source: Bloomberg

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