President Biden recently visited CS Wind in Pueblo, Colorado,
on November 29, 2023, underscoring the pivotal role the Inflation Reduction Act
plays in fostering job opportunities and clean energy growth. CS Wind stands as
the world's largest wind tower manufacturer and is experiencing significant
expansion thanks to Bidenomics.
CS Wind's Impressive Growth:
Earlier this year, CS Wind embarked on a groundbreaking $200
million expansion in Pueblo, directly attributing this investment to the
Inflation Reduction Act—a crucial component of President Biden's economic
agenda. The expansion is set to create 850 new jobs in Colorado's third
congressional district by 2026, addressing the increasing demand for wind
towers and bringing clean energy supply chains to the United States.
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Bidenomics in Action:
Since President Biden took office, over $7 billion in new
manufacturing and clean energy investments have been announced in Colorado. The
Inflation Reduction Act has played a pivotal role in this economic growth,
contributing to the creation of over 3,500 well-paying clean energy jobs in the
state within just one year.
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Benefits to Underserved Communities:
A Department of the Treasury analysis revealed that clean
energy investments spurred by the Inflation Reduction Act are
disproportionately benefiting economically disadvantaged communities. In
Colorado, 99% of these investments are in counties with below-average wages,
median household income, and college graduation rates, while 68% are in
counties with higher-than-average child poverty rates.
Opposition and Economic Impact:
Despite these positive developments, self-described MAGA
Republican Representative Lauren Boebert has been a vocal critic of the
Inflation Reduction Act. Boebert's opposition poses a threat to the substantial
economic benefits the act is bringing to her home district, jeopardizing over
800 jobs from a single project alone.
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Infrastructure Growth and Investment:
Apart from the Inflation Reduction Act, President Biden's
Bipartisan Infrastructure Law has infused significant funds into Colorado, with
over $1 billion designated for high-speed internet and substantial investments
in Pueblo and Delta. Representative Boebert's criticism of the infrastructure
law contrasts with its tangible benefits for her constituents.
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Building a Clean Energy Future:
President Biden's commitment to building a new clean energy
economy is evident in the Inflation Reduction Act. The act supports the growth
of wind energy manufacturing facilities, onshore and offshore wind projects,
and aims to triple U.S. wind energy generation by 2030.