TODAY: Heinrich to Chair Committee Hearing on American Manufacturing Boom
Heinrich to highlight how legislation he helped pass has ignited a manufacturing renaissance in New Mexico
WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Chairman of the U.S. Congress Joint Economic Committee (JEC), will hold a hearing today, June 12, at 1:00 p.m. MT titled “Made in America: The Boom in U.S. Manufacturing Investment” to explore the ongoing boom in advanced manufacturing and the impact that these supply-side investments will have on New Mexico and the U.S. economy.
Democrats have brought about a new era of manufacturing in America. Investments made by the Inflation Reduction Act, CHIPS Act, and Infrastructure Law are driving record high levels of manufacturing construction. If sustained, this could boost U.S. competitiveness, raise wages for American workers, and help address larger strategic goals like mitigating climate change and boosting supply chain resiliency.
WHAT: Hearing on the boom in U.S. manufacturing
WHERE: The hearing will be livestreamed on the JEC website here and on YouTube here.
WHEN: Wednesday, June 12 at 1:00 p.m. MT
WHO: U.S. Senator Martin Heinrich
Kevin Hostetler, Chief Executive Officer, Array Technologies
Skanda Amarnath, Executive Director, Employ America
Dr. Adam Michel, Director of Tax Policy, Cato Institute
Scott Lincicome, Vice President of General Economics and Stiefel Trade Policy Center, Cato Institute
Background on Heinrich’s Leadership to Boost Manufacturing in New Mexico:
Heinrich’s work to secure investments through legislation like the Inflation Reduction Act, Infrastructure Law, and CHIPS and Science Act has generated a manufacturing renaissance in New Mexico, helping to create jobs, strengthen the local workforce, grow the economy, and position New Mexico as a national leader in an American-made clean energy future.
Just this week, Heinrich and the New Mexico Congressional Delegation announced $24 million in direct funding, under the CHIPS and Science Act, for Albuquerque-based SolAero to expand semiconductor manufacturing— which is projected to create over 100 direct manufacturing jobs.
SolAero is the latest manufacturing company in New Mexico to expand its operations since the enactment of the landmark Inflation Reduction Act and CHIPS and Science Act.
In April, Heinrich, Department of Energy (DOE) Secretary Jennifer Granholm, U.S. Senator Ben Ray Luján (D-N.M.), Array Technologies CEO Kevin Hostetler, Array Technologies Production Manager Roman Romero, and Solar Energy Industries Association President Abigail Ross Hopper broke ground on a new 216,000-square-foot Array Technologies manufacturing campus— a $50+ million investment located on Albuquerque’s Westside— which will employ over 300 additional New Mexicans to facilitate the production, assembly, design, engineering, and customer service of solar tracking technology.
That same day, Heinrich and Granholm participated in a ribbon-cutting ceremony celebrating the production of the first wind towers coming off the Arcosa Wind Towers manufacturing line. The ribbon-cutting ceremony came nearly nine months after Heinrich welcomed President Biden to the Belén manufacturing facility — a $60 million investment that will have a $314 million economic impact and create 250 jobs in the region.
In March, Heinrich and the New Mexico Congressional Delegation welcomed an agreement between Intel and the U.S. Department of Commerce to expand American semiconductor manufacturing in New Mexico. This investment— secured through the CHIPS and Science Act— will support 700 manufacturing jobs and 1,000 construction jobs in the state.
Many of the wind towers that workers are welding together at Arcosa will soon stand tall as part of the largest clean energy infrastructure project in the entire Western Hemisphere. The combined SunZia Wind Generation and Transmission Project, which Heinrich has championed, has put New Mexico on the map as the best place in America— and one of the best places on Earth— to build our clean energy future. The SunZia Transmission Line will traverse over 500 miles across New Mexico into Arizona, including in Valencia County. SunZia is expected to create over 2,000 jobs during construction, and once online, will support over 100 permanent jobs.
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