Page 23 - LRCC September 2022 Focus

lansingchamber.org ADVOCACY

CHIPS+ Act Approved by Congress Congresswoman

Elissa Slotkin
ongress passed the bipartisan Creating Helpful Incentives for the (D-Lansing):
Production of Semiconductors (CHIPS) for America Act and the
CPresident signed it in August. The CHIPS+ Act invests $54.2 billion to
bring chip manufacturing back to the U.S., including: “By incentivizing
companies
• $39 billion in funding to build, expand, or modernize domestic facilities to build new
and equipment for semiconductor fabrication, with specific funding for microchip
microchips used by the auto industry. plants here in
• $12.5 billion in research and development to promote American leadership the U.S., instead
in advanced semiconductors and 5G communication. of places like
• $2.7 billion for strengthening supply chains and semiconductor workforce China, this bill
development, including in economically disadvantaged areas.
• A 25% Investment Tax Credit for investments in semiconductor helps prevent
manufacturing. future shortages like the ones
that have shut down auto plants
The LRCC joined chambers of commerce and business organizations from across the country, including
across the U.S., urging members of Congress to approve the CHIPS Act. G.M.’s Delta Township and
Thank you to our U.S. Senators Debbie Stabenow and Gary Peters, as well Lansing Grand River plants.”
as Congresswoman Elissa Slotkin, for their support. l

Lansing Regional Chamber Talent Survey Results

e asked our members in a
recent talent survey to provide
Wfeedback on the current
challenges that job providers are having
when finding talent. The goal of the survey
was to access the Chamber membership
to help assist the organization in
addressing employers’ talent and workforce
development needs. Here’s what our
members are telling us:

When asked how difficult it is to find
quality workers on a 1-10 scale (lower is
better), respondents rated it a 7. Those taking "Those taking the survey ranked
the survey ranked Lansing’s overall economy
a 6 out of 10. When asked what talent or Lansing’s overall economy a 6 out of 10."
workforce-related issues they face, 63 percent
said a lack of applicants or a lack of applicants with • 51 percent have increased professional
necessary skills. Sixty percent of respondents cited the development and skills training.
increased cost of salary and benefits as a significant
issue. When asked what changes they have made “The survey continues a years-long trend dating well
to employee compensation, benefits, or work hours before Covid that clearly shows that attracting and
in response to the challenges of attracting workers, retaining talent remains the primary concern of our
respondents gave the following answers: regional employers,” said Steve Japinga, senior vice
president/public affairs, LRCC. “The Lansing Regional
• 70 percent said more flexibility, including hybrid or Chamber will continue to make talent one of our
remote work highest priorities, and we will continue to work closely
• 84 percent said increased compensation with other regional stakeholders and our elected
• 40 percent of respondents said they have new or officials to identify strategies to support improved
improved employee benefits talent attraction and retention efforts.” l

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