Providing clients with the confidence they need to make crucial, timely decisions that drive the commercial success of their industrial, manufacturing, and logistics projects.
Following decades of offshore, the US Federal Government is bringing manufacturing back to the country by generating historically high levels of private sector investments.
An essential first step towards stronger, more sustainable economic growth is the increased private capital investment in critical industries and the initiation of new projects. Businesses have declared plans to invest more than $910 billion in the US. Spending on manufacturing construction overall has increased by nearly 100 percent since the end of 2021.
The Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act, the Inflation Reduction Act, and a widespread push to reshore capacity are driving massive projects all over the nation, which is driving an increase in construction spending related to manufacturing. While massive semiconductor manufacturing plants account for a large portion of the increase, other subsegments such as the electric vehicle supply chain, metal plants, and food and beverage manufacturing facilities are also growing rapidly.
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