Joe Biden Has Brought Prosperity to America

In the past, the U.S. exported jobs and imported products. Meanwhile other countries surpassed us in critical sectors like infrastructure, clean energy, semiconductors, and biotechnology. Thanks to President Biden’s Investing in America Agenda, that is all changing. President Biden has signed historic legislation into law, such as:

• American Rescue Plan
• Bipartisan Infrastructure Law
• CHIPS and Science Act
• CHIPS and Science Act

Biden’s Investing in America agenda is mobilizing historic levels of private sector investments in the United States, bringing manufacturing back to America after decades of offshoring, and creating new, well-paying jobs, including union jobs and jobs that don’t require a college degree. His Investing in America agenda is rebuilding our roads and bridges using Made in America materials built by American workers.

And it’s transforming our country for the better – reaching communities that have too often been left behind. Below is a map that illustrates the impact of these record-breaking levels of public and private investment across the states under the Biden Administration.

MANUFACTURING THE FUTURE

Under the Biden-Harris Administration, private companies have announced $503 billion so far in commitments to invest in 21st-century industries like:

$231 billion – Semiconductors & Electronics

$133 billion – EVs & Batteries

$103 billion – Clean Energy

$19 billion – Biomanufacturing

$14 billion – Heavy Industry

(All data was sourced from public press releases, industry associations, and news articles.)

INVESTING IN AMERICA

$299 billion in public infrastructure and clean energy investments in the United States under the Biden Administration, including:

$177 billion was announced for transportation investments in roads, bridges, public transit, ports and airports, as well as electric school and transit buses, EV charging, and more.

$22.3 billion was announced for grants, rebates, and other initiatives to accelerate the deployment of clean energy, clean buildings, and clean manufacturing.

$16.5 billion was announced to make our communities more resilient to climate change and other threats.

$23 billion was announced to provide clean water across the United States and improve water infrastructure. This includes $5.7B dedicated to lead pipe and service line replacement.

INTERNET FOR ALL

The Biden-Harris Administration is committed to connecting everyone in America to affordable, reliable high-speed internet.

$75.4 Billion in funding from the Biden Administration to provide affordable, reliable high-speed internet to everyone in the United States.

19.7 million households in the United States are saving $30-75 per month on high-speed internet through the Affordable Connectivity Program under the Biden Administration.

BRINGING JOBS BACK TO AMERICA

3.6% unemployment rate in the United States, with 13.2M new jobs created under the Biden Administration, including 114K jobs in clean energy.

12.6 million applications to start new businesses.

Over 220,000 childcare programs were kept open because of President Biden’s American Rescue Plan.

Over 100,000 restaurants and bars were kept open under President Biden’s leadership.

LOWERING COSTS

$8.8 billion in home energy rebates to help hardworking families cut their energy costs by weatherizing their homes and replacing old appliances with more efficient models.

63.9 million seniors and other Medicare beneficiaries will save money on prescription drug costs because of President Biden’s $2,000 yearly cap on out-of-pocket prescription drug costs, a $35 monthly cap per insulin prescription, free vaccines, inflation rebates, and a drug price negotiation program.

16.3 million individuals in the United States signed up for health insurance through the Affordable Care Act Marketplaces during the open enrollment period for 2023 and will benefit from average savings of about $800/year from lower health care premiums because of the Inflation Reduction Act and American Rescue Plan.

Find out more at www.whitehouse.gov/invest