Spending in the manufacturing sector has ballooned since the CHIPS Act was signed into law in August 2022. Projects underway include everything from plants focused on chip fabrication and electric vehicle batteries to consumer goods and cars.
Here, Construction Dive rounds up the biggest of these projects announced since August 2022, sorted by value and location, along with their contractors when available. Please check this page for regular updates.
The U.S. continues to gain ground on other countries’ manufacturing dominance a year after President Joe Biden signed the $52 billion CHIPS and Science Act in August 2022.
The renewed push to revive American manufacturing after decades of offshoring has led to over $898 billion in private company investment, according to the White House. The multibillion-dollar investments scattered across the country range from biotechnology facilities and chip fabrication plants to electric vehicle battery factories and clean energy projects.
Some major manufacturing projects added to this page over the past four weeks include a $1.4 billion Natron Energy manufacturing facility in Rocky Mount, North Carolina, a $680 million LS GreenLink project in Chesapeake, Virginia, and a $575 million Soulbrain TX semiconductor plant in Taylor, Texas.
The map also lists the contractors working on these projects when they are available. Some of the notable wins since the last update include:
- Taunton Development Corp. Construction’s award on Rhino Capital’s $11.5 million manufacturing facility in Taunton, Massachusetts.
- Force Construction’s contract on Toyota Material Handling’s $100 million project in Columbus, Indiana.
Manufacturing construction surges across US
Through June, manufacturing construction spending increased 19.1% in 12 months, according to an Associated Builders and Contractors analysis. On a seasonally adjusted annual rate, spending in the sector hit approximately $235.53 billion in June.
Manufacturing activity skyrockets on the heels of 2022’s CHIPS Act
The CHIPS Act provides $52.7 billion for American semiconductor research, development, manufacturing and workforce development. This consists of $39 billion in manufacturing incentives, including $2 billion for the legacy chips used in automobiles and defense systems, $13.2 billion in research and development and workforce development and $500 million to strengthen global supply chains, according to the Biden administration. The CHIPS Act also provides a 25% investment tax credit for capital expenses for manufacturing of semiconductors and related equipment.
“Public dollars are flooding into the manufacturing and infrastructure sectors,” said Branch. “[That’s] leading to significant growth over the last year.”
Additionally, several mega manufacturing projects remain in the pipeline for this year. That should keep construction starts in the sector elevated for the foreseeable future, said Branch.
Construction Dive staff contributed to this report.
