Detroit Metro Times summarized economic benefits of Biden’s proposed investment in electrification infrastructure, citing an AEE report and comments from Ryan Gallentine. Read snippets below and the full article here. Read coverage from Utah Public Radio here.
A new report predicts Michigan's economy would see major benefits from the Biden administration's proposed $274 billion investment to electrify the transportation sector.
The report estimates 7% job growth this year in Michigan's advanced-energy sector, which already employs more than 120,000 people in the state, which is more than work manufacturing motor-vehicle parts.
Ryan Gallentine, policy director for Advanced Energy Economy, pointed to analysis that shows each dollar of public investment generates roughly $2.60 in direct private investment.
"That's a good deal for consumers. It's a good deal for the U.S. economy, and it's something that should have bipartisan support in Congress," Gallentine asserted.
Read the full article here.