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Arizona business owners react to Biden s spending plans
Who benefits and who pays under Biden s American Families plan.
and last updated 2021-04-29 01:11:42-04
PHOENIX â Some Arizona small business owners are among those worried about the Biden administration s spending proposals.
Between COVID relief, infrastructure, and now the American Families Plan, just announced by the White House, those three domestic spending initiatives total six trillion dollars. That is a lot of zeros to entrepreneurs who are still just coming out of a massive economic downturn brought on by the pandemic. I m not against funding our government. I believe in government. I believe in infrastructure. I believe in policing, and I believe in these things that cost our country and government money and I want to contribute to that, but it has to be reasonable, says MTJ Electric President Mark Jennings.
Can Phoenix Become Americaâs Semiconductor Capital?
A close-up on what recent major investments mean for Greater Phoenix and its economy. Apr212021
Image courtesy of Dan Williams via Pixabay
Over the past 30 years, the share of global semiconductor manufacturing capacity in the U.S. has dropped from 37 percent to 12 percent, according to the Semiconductor Industry Association. In light of the global semiconductor shortage, however, the U.S. is becoming more aware of the need to strengthen its chip manufacturing ecosystem.
Thanks to a large existing cluster of industry-leading firms and recent major announcementsâsuch as Taiwan Semiconductor Manufacturing Co.âs $12 billion and Intel Corp.âs $20 billion chipmaking plantsâthe Greater Phoenix metro is poised to become a major player in Americaâs semiconductor manufacturing industry.