NOTE FROM THE EDITOR
With new sources of federal and state funding and tax credits available for sectors like clean energy and semiconductors, 2023 was a lucrative year for manufacturers to embark on new facility plans.
Understanding the ins and outs of those opportunities and how to qualify for them has turned into a maze, however. This has become particularly tricky when looking at lucrative tax credits like those offered in the Inflation Reduction Act and CHIPS and Science Act.
New proposed regulations also affected other aspects of the industry, such as the use of PFAS chemicals and overtime pay. Many companies are seeking guidance on how to ensure their facilities remain compliant with new regulations on what they can produce and how they should pay employees.
So how are manufacturers navigating these new rules, and what do others need to know? We’ve spent the past year asking experts and stakeholders these questions.
As we kick off the new year, we’re looking at the many ways manufacturers are tackling, taking advantage of and remaining compliant with new industry regulations.