Chamber Foundation CHIPS Act One Pager May2023
May 10, 2023
The CHIPS and Science Act (CHIPS Act) is a new bipartisan law designed to increase domestic production of semiconductors to reestablish the technological leadership of the United States and promote economic and national security. To achieve these goals, the CHIPS Act includes $39 billion in funding to construct and operate new semiconductor manufacturing facilities and facilities in the semiconductor ecosystem across the country. Applications are now available via the U.S. Department of Commerce (Commerce).
Childcare: A New Requirement
A key application requirement to build and/or operate a CHIPS-funded project is that businesses must create a workforce plan designed to “develop and maintain a highly skilled, diverse workforce inclusive of economically disadvantaged workers.” Within the plan, applicants must show how employers will ensure access to childcare for plant and construction workers. As noted within the application requirements, childcare is “critical to expanding employment opportunities for economically disadvantaged individuals, including economically disadvantaged women.”
Providing access to childcare is a new consideration for many employers, including those seeking funds to construct and operate semiconductor plants. Included below are resources developed for the business community and applicable to any employer looking to support working parents, including those planning to apply for federal funds to construct and operate a semiconductor facility.