The ONSHORE Act Will Supercharge Development of Market-Ready Sites for Industrial Investment
WASHINGTON, D.C. — Today, Senator JD Vance (R-OH), Senator Mark Kelly (D-AZ), and Senator Tom Cotton (R-AR) introduced the ONSHORE Act, bipartisan legislation that will help bring critical supply chains back to America by assisting communities of all sizes with the site development needed to attract manufacturing facilities.
The U.S. faces a shortage of shovel-ready sites with the necessary infrastructure and workforce for companies to quickly begin construction on new manufacturing facilities. The ONSHORE Act creates a Critical Supply Chain Site Development Grant Program within the Economic Development Administration, which would assist communities, including small towns and tribal communities, with site development to attract manufactures from critical industries to build new facilities in their area.
“As our nation takes the necessary steps to reshore critical supply chains and spur innovation, everyone in America should reap the rewards,” said Senator Vance. “This bill would deploy capital broadly to ensure the foundations of tomorrow’s industry and growth are laid in underdeveloped regions. If enacted, it will deliver good-paying jobs, build vibrant communities, and strengthen supply chains—in Ohio and around the country.”
“As we work to bring manufacturing supply chains for critical industries from microchips to critical minerals back to America, we have to maximize this opportunity by making sure there are enough sites with the infrastructure and workforce needed for new facilities,” said Senator Kelly. “For a lot of small towns and tribal communities, the biggest barrier to attracting investment is the cost of getting sites ready for development. We’re working to fix that, which will boost manufacturing and create good-paying jobs in every corner of our states and the country.”
“We cannot rely on other countries like China for our essential technologies,” said Senator Cotton. “The technologies of tomorrow should be tested, researched, and made in America. This legislation will help make the necessary investments in our communities to make that possible.”
“Due to its strong business climate and low cost of living, Ohio remains a premier destination for companies considering historic investments that can onshore critical industries while rebuilding our domestic supply chain,” said J.P. Nauseef, JobsOhio president and CEO. “I applaud the introduction of the ONSHORE Act, which will help Ohio and the rest of the United States more fully capitalize on this generational opportunity by expanding the number of sites that are ready to support major development projects.”
“IEDC enthusiastically welcomes the introduction of the ONSHORE Act of 2023 and applauds the bipartisan leadership shown by Sen. Kelly and Sen. Vance in spotlighting this critical opportunity to reinvigorate U.S.-based manufacturing while also providing vital resources to help communities be more competitive,” said Nathan Ohle, President & CEO of the International Economic Development Council (IEDC). “The ONSHORE Act will provide communities with essential resources to aid in attracting supply chain manufacturers. Economic developers across the U.S. will welcome this new initiative and IEDC urges the swift passage and implementation of the ONSHORE Act.”
“Site readiness is a critical consideration for international companies planning major investments in the United States. At a time when international companies have unprecedented opportunities to invest, it is great to see Senators Kelly and Vance focused on making the U.S. a more attractive destination for game-changing investments and job creation. GBA commends Senators Kelly and Vance for this forward-looking legislation and urges all Senators to support this measure and other policies that make it easier to invest in America,” said Nancy McLernon, president & CEO of the Global Business Alliance.
Read the legislation here.