FACT SHEET: Biden

Apr 08, 2024

President Biden’s Investing in America Agenda is Creating Jobs, Lowering Costs, and Driving Historic Economic Growth and More Than $14 Billion in Federal Investments in Energy Communities

Today, at a White House convening with energy communities, the Biden-Harris Administration will announce historic new actions to create jobs, lower costs, and invest in the energy communities that powered this nation for generations.

President Biden came to the White House to end years of big words but little action to help energy-producing parts of the country, who for decades saw jobs exported out and products imported in, all while other countries surpassed the United States in critical sectors like infrastructure, clean energy, and semiconductors. President Biden’s Investing in America Agenda is already turning the tide, bringing manufacturing jobs back home and ensuring we rebuild our economy from the bottom-up and the middle-out, not top-down, so that no community is left behind.

The actions announced today will drive new investments in energy communities to support their economic revitalization, strengthen American supply chains, and help ensure coal, oil, and gas workers benefit from the new clean energy economy.

These investments build on the more than $14 billion from across federal agencies that the Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization has driven to the hardest-hit energy communities across the country. They also build on the more than $7.4 billion that companies have invested in energy communities to spur clean energy manufacturing, steel production, and critical minerals processing.

The actions announced today will:

Today’s actions build on two years of historic investment in energy communities through the Energy Communities IWG:Building on these historic investments, today the Energy Communities IWG released a new public report, Revitalizing Energy Communities: Two-Year Report to the President, to mark two years of meaningful partnership with energy communities and the Administration’s continued momentum in building a clean energy future made in America and by American workers.

To date, the Energy Communities IWG has driven more than $14.1 billion in federal investment to energy communities, including $480 million in American Rescue Plan funds for economic development, $877 million for abandoned mine land reclamation, and $134 million in the largest-ever Appalachian Regional Commission awards to coal communities. The President’s economic agenda has also helped drive more than $7.4 billion in private sector investments to spur the creation and retention of good-paying jobs, strengthen our energy security, and lower energy costs for families. These investments include:

The Energy Communities IWG maintains a searchable clearinghouse of federal funding opportunities at EnergyCommunities.Gov which has identified over $500 billion in relevant or targeted funding opportunities for energy communities – up from $38 billion in April of 2021.

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