Under President Biden, American manufacturing just wrapped up a record year of job growth. In 2021, the US economy added 349,000 new manufacturing jobs in 2021 — the most in nearly 30 years.
This year, the comeback continues. Intel announced a new $20 billion semiconductor manufacturing complex in Ohio, and General Motors announced the company’s all-time largest investment in electric vehicle production. Today in Pittsburgh, President Biden announced a deal between the second-largest U.S. railroad, Union Pacific, and Pittsburgh-based Wabtec for the purchase of ten first-of-their-kind battery-electric locomotives manufactured in Erie, Pennsylvania and powered by batteries made by General Motors in the United States.
As NEC Director Brian Deese wrote for CNN today, these investments will not only support robust growth and jobs, but will help the US develop a more resilient supply chain for semiconductors and critical high-tech goods. To sustain this momentum, the President will continue to work with congressional leaders to pass competitiveness legislation like the America COMPETES Act and the U.S. Innovation and Competition Act, which will provide additional funding for domestic semiconductor production and further bolster our economic and national security.