MarketWatch: Here’s what to make of Trump’s promise of expedited permits for big investments
President-elect Donald Trump posted on social media that companies investing more than $1 billion would receive an especially sought subsidy — expedited approvals and permitting.
Good Jobs First Executive Director Greg LeRoy told MarketWatch said the post raised questions:
“The most important question I think everybody should ask about his idea is, ‘What does fully expedited mean?'” said Greg LeRoy, executive director at Good Jobs First. He noted that federal environmental reviews related to NEPA are key, but in many cases there are also state-level reviews, as well as local issues tied to zoning, infrastructure or erosion. “That’s why it’s hard to make out,” he said.
LeRoy stressed that a number of factories have been getting built in the U.S. recently to develop semiconductor chips, batteries and electric vehicles. “It doesn’t seem like the existing regime has deterred that,” he told MarketWatch.
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