Betty Frost Realtor

It appears this Administration is getting things done!!

Axios PM: New boomtowns
big thing: New money pours into poor areas

New investments are pouring into parts of the U.S. that were left behind in previous booms, Axios Macro co-author Courtenay Brown writes.

Why it matters: If sustained, the investment surge has the potential to help reshape local economies — a sharp departure from the 2010s, when national economic growth largely skipped these communities.
🚜 "Distressed communities" — areas with low incomes and high unemployment — have seen a disproportionate share of new investments in clean energy, chips and biomanufacturing since 2021.

The building boom has been spurred in part by money allocated under Biden-era legislation: the Inflation Reduction Act, Bipartisan Infrastructure Law, and CHIPS and Science Act.
Zoom in: These areas are mainly concentrated in Southern states but include some areas in the Northeast, West and Midwest, according to Brookings Institution research.

Brookings pointed to a $4 billion green-hydrogen plant in Wilbarger County, Texas, as well as a new lithium processing plant that's expected to create 300 new jobs in Chester County, South Carolina.

Things are changing in Seattle.

Remote work already changing Seattle permanently, tech worker survey indicates The majority of Seattle tech workers don’t expect to ever return to their offices full time and the effects of that transition could alter everything from commercial real estate, to what social issues…