Biden Touts $60M Enphase Investment in SC, 1800 Jobs
- President Joe Biden announces $60 million investment from Enphase Energy Inc. to create 1,800 jobs in US, including 600 in South Carolina, supported by $370 billion Inflation Reduction Act and $52 billion CHIPS and Science Act. Biden is joined by Flex CEO Revathi Advaithi and Enphase CEO Badri Kothandaraman on his trip to promote economic agenda.
President Joe Biden will announce a $60 million investment from Enphase Energy Inc. when he travels to South Carolina on Thursday. The investment will create 1,800 jobs across the US, including 600 in South Carolina, and six new manufacturing lines. The trip is intended to further demonstrate Biden's economic agenda as he seeks reelection. The investment is supported by the $370 billion Inflation Reduction Act and the $52 billion CHIPS and Science Act. Biden is joined by Flex Chief Executive Officer Revathi Advaithi and Badri Kothandaraman, president and CEO of Enphase. The president has also pushed for a debt-ceiling deal that will expedite the Mountain Valley Pipeline, while receiving endorsements from top environmental groups for his climate agenda.
How Will Biden's Investment Create Jobs?
- The $60 million investment will create a total of 1,800 jobs across the US, 600 of which will be in South Carolina.
- The investment is supported by $370 billion Inflation Reduction Act, and the $52 billion CHIP and Science Act.
- In addition, the Biden Administration has pushed for a debt-ceiling deal to expedite the Mountain Valley Pipeline.
- This trip further demonstrates Biden's commitment to economic growth and job creation throughout the US.
- Biden has also received endorsements from top environmental groups for his climate agenda, which could create even more jobs in green energy and infrastructure.
- The Enphase investment will also create six new manufacturing lines, which could lead to additional job creation.
