{"id":41414,"date":"2023-10-11T12:12:45","date_gmt":"2023-10-11T12:12:45","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=41414"},"modified":"2023-09-27T12:15:50","modified_gmt":"2023-09-27T12:15:50","slug":"the-largest-facilities-under-construction-in-us","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2023\/10\/the-largest-facilities-under-construction-in-us\/","title":{"rendered":"The Largest Facilities Under Construction in US"},"content":{"rendered":"<p>The industrial sector in the United States is having a resurgence, fueled by the enactment of the CHIPS (Creating Helpful Incentives for Production of Semiconductors for America) Act in August 2022. This legislation has led to a surge in investment across various projects, from semiconductor manufacturing to clean energy initiatives. A year after its passage, the US is on the path to industrial dominance, outpacing other nations in this growth.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/10\/the-largest-facilities-under-construction-in-us\/#Private_Sector_Investment_Soars\" >Private Sector Investment Soars<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/10\/the-largest-facilities-under-construction-in-us\/#Key_Projects_and_Partnerships\" >Key Projects and Partnerships<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/10\/the-largest-facilities-under-construction-in-us\/#Surge_in_Manufacturing_Construction\" >Surge in Manufacturing Construction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/10\/the-largest-facilities-under-construction-in-us\/#Sustainable_Growth_Outlook\" >Sustainable Growth Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/10\/the-largest-facilities-under-construction-in-us\/#CHIPS_Act_Driving_Growth\" >CHIPS Act Driving Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.my-equipment.com\/blog\/2023\/10\/the-largest-facilities-under-construction-in-us\/#Promising_Future_Projects\" >Promising Future Projects<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Private_Sector_Investment_Soars\"><\/span><b>Private Sector Investment Soars<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Private companies have responded enthusiastically to the CHIPS Act, with over $511 billion in investments across the nation. This concerted effort is made with the hope of revitalizing American manufacturing, reversing the decades of offshore production. These investments span a wide range of sectors, including clean energy, semiconductor manufacturing, and biotechnology facilities.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Key_Projects_and_Partnerships\"><\/span><b>Key Projects and Partnerships<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>So many new high profile projects are currently underway.<\/p>\n<p><strong><i>Entek EV Plant<\/i><\/strong><\/p>\n<p>An agreement with Clayco for a groundbreaking electric vehicle (EV) plant.<\/p>\n<p><strong><i>TSMC Semiconductor Facility<\/i><\/strong><\/p>\n<p>A $40 billion investment in a cutting-edge semiconductor facility in Phoenix awarded to Austin Commercial.<\/p>\n<p><strong><i>Eli Lilly Manufacturing Facility<\/i><\/strong><\/p>\n<p>A $1.6 billion project in Lebanon, Indiana, awarded to Fluor.<\/p>\n<p><strong><i>Agilent Technologies<\/i><\/strong><\/p>\n<p>Turner\u2019s $750 million project for the Agilent Technologies facility in Frederick, Colorado.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Surge_in_Manufacturing_Construction\"><\/span><b>Surge in Manufacturing Construction<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Manufacturing construction spending has actually had an impressive 71% surge in the past 12 months through July, reaching approximately $201.5 billion on an annual basis. This amount of growth can be attributed to the CHIPS Act\u2019s impact on stimulating manufacturing activity.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Sustainable_Growth_Outlook\"><\/span><b>Sustainable Growth Outlook<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Economists and industry experts, including Richard Branch, Chief Economist at Dodge Construction Network, are optimistic about the future. Branch emphasizes that there are no signs of this amazing growth slowing down. Public funding is pouring into the manufacturing and infrastructure sectors. Of course this will help propell expansion even more.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"CHIPS_Act_Driving_Growth\"><\/span><b>CHIPS Act Driving Growth<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The CHIPS Act\u2019s allocation of $52.7 billion for American semiconductor production, workforce training, and research and development has been a catalyst for this type of industrial renaissance. This includes manufacturing incentives, support for legacy chips, research and development funding, workforce development, and investment tax credits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Promising_Future_Projects\"><\/span><b>Promising Future Projects<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A lot of projects, each worth $1 billion or more, are slated for completion in the coming months. This pipeline of projects is expected to maintain high building start rates in the industry. All of this shows a promising future for US manufacturing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The industrial sector in the United States is having a resurgence, fueled by the enactment &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2023\/10\/the-largest-facilities-under-construction-in-us\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Largest Facilities Under Construction in US&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":41415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[843],"class_list":["post-41414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-heavy-construction-equipment","tag-workforce-training"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Largest Facilities Under Construction in US - Heavy Equipment Market Insights | News | Guides &amp; 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