- Construction spending on manufacturing reaches $108 billion in 2022, the highest annual total on record.
- High-tech fields of electric-vehicle batteries and semiconductors are driving much of the growth.
- Companies that once relied exclusively on lower-cost countries to manufacture are coming back to the US.
- The pursuit of speed and flexibility is prompting manufacturers to relocate to the US.
- Government incentives are stoking the frenzy.
America Is Back in the Factory Business
Record spending on manufacturing construction heralds a made-in-the-U.S. rebound, stoked by green-energy incentives and concerns about foreign supply chains; ‘this is here to stay’
John Keilman
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