- US states offer tax breaks and incentives to attract foreign investors drawn to Biden's clean energy and chips subsidies.
- Representatives from over 50 states gathered to sell their corner of the US to overseas companies at the SelectUSA summit.
- The wave of clean energy money has triggered a state-level incentives war as governments compete to win lucrative investments.
- Critics question whether these incentives deliver value for money and if they are needed to secure company commitments.
- The US has received over $200bn in cleantech and semiconductor supply chain investments since the IRA and Chips Act were signed into law.
Biden subsidies stoke arms race among states to woo projects
Critics question whether generous incentives to attract foreign investment deliver value for money
Amanda Chu
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