Quartz: Foreign investments in US manufacturing are booming
18 Jul 2023
News
Buoyed by incentives offered by the US Inflation Reduction Act and the CHIPS Act, the US benefited from a significant increase in foreign investment into its manufacturing sector last year.
Data published last week (pdf) by the US Bureau of Economic Analysis (BEA) showed that foreign direct investments in greenfield projects, which include both the establishment and expansion of US businesses, hit $5.3 billion in the American manufacturing sector—more than double pre-pandemic levels.
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