Federal Updates

Jul 21, 2022 | Advocacy

Jeffry D. Harris
Bricker & Eckler LLP

 

CHIPS Act’s subsidies for semi-conductor manufacturing steps into the batting circle, now with a bigger bat.  Is it the next batter-up in Congress?  With Sen. Manchin’s (D – West Va.) death blow dealt to the Biden Administration’s climate change legislation in the U.S. Senate, the blockade of the pending CHIPS Act imposed by the Senate Minority Leader Mitch McConnell (R – Kentucky) appears to have been removed.  On Tuesday, July 19, the Senate held a test vote (64-34) to move forward with the semi-conductor manufacturing subsidy measure that had stalled previously in Congress, and now with a bigger impact.

Specifically, Senator Majority Leader Chuck Schumer (D – New York) added to the CHIPS Act’s initial $52B in manufacturing subsidies another $250B to support for R&D of semi-conductor technology, with a targeting of those federal funds to industrial regions that were particularly hard hit by offshoring of the country’s manufacturing industries since the 1970s.  (Read: Ohio)

Reporting indicates the new and improved CHIPS Act could pass the Senate yet this week, with the House looking to take up the measure for a vote as early as next week (the week of July 25).  The well-publicized (and intricately followed) Intel semi-conductor fab assembly site announcement in Central Ohio has been directly keyed to the successful passage of the CHIPS Act, in whatever form emerges from Congress.

JobsOhio Releases Annual Report, 2021 Marked As Landmark Year

JobsOhio, the state’s private nonprofit economic development corporation, released its 2021 Annual Report and 2022 Strategic Plan, which showed 2021 to be a landmark year. In 2021, more than 29,000 new jobs were committed, and companies planned more than $6.9 billion in capital investment in Ohio.

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Hanna Greer-Brown, Solid Waste Authority of Central Ohio

When Ohioans bring their recyclables to the curb or to a community drop-off location, they might not give much thought as to where materials like soda and water bottles go from there.

When we recycle, we aren’t only protecting the environment by diverting trash from the landfill; we are also supporting jobs, consumers and Ohio’s economy.

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Making Way for People: The Future Is Now

When the MLK Interchange opened in 2017, the vision for Uptown Cincinnati as a district that will incubate talent and attract businesses officially began. Fast forward five years and the four quadrants at MLK and Reading Road in The Cincinnati Innovation District® (CID), a mixed-use development supporting Uptown’s medical, research and innovation industries, is quickly coming to life as construction finishes on the highly anticipated University of Cincinnati Digital Futures building, the centerpiece of the Digital Futures Complex. Over the next decade, there are plans for an additional two million square feet of mixed-use development with 7,500+ people working, visiting, and living there each day.

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