Biden wants businesses to boost impact of massive programs.
Team Biden's goal is to leverage those massive packages — only about 5% of which have been spent — to scale up projects designed to improve the nation's power grid, help wean the U.S. off oil and gas, stimulate the chip industry, and more.
"There's both historic opportunity and the need for the administration to be working closely with businesses across sectors of the economy from semiconductors to clean energy to construction to manufacturing," said Mitch Landrieu, who coordinates the administration's rollout of its infrastructure plan.Public spending almost always has a multiplier effect for the broader economy.
More than 90 clean energy projects totaling $89.6 billion were announced by companies by the end of January, accordingIn Georgia, South Korean solar company Hanwha Q Cells is investing $2.5 billion to expand its solar panel plant and build another one.
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