The Commerce Department plans to begin accepting applications in late June for a $39 billion manufacturing subsidy program. The law also creates a 25% investment tax credit for building chip plants, estimated to be worth $24 billion.
The workforce guidance document seen by Reuters says the Commerce Department is "not requiring or expecting applicants to provide free care" but adds that those seeking funding "should strongly consider defraying the price of care such that it is within reach for low- and medium-income households." The department in the guidance strongly encourages the use of project labor agreements in connection with construction projects and said applicants that do not commit to using an agreement "will be required to submit workforce continuity plans and show that they have taken other measures to reduce the risk of delays in project delivery.
"We won’t be able to build the semiconductor workforce needed unless more of America’s workers have the chance to get into these jobs," Commerce Secretary Gina Raimondo said in a statement included with the guidance.The department last month said it would require companies to share excess profits in some instances.in private investments to increase domestic production.
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