Democrats Celebrate Biden’s Bold Arizona Economic Revolution and Landmark Investments

As President Joe Biden approaches his farewell address Wednesday evening, Democrats highlight his administration’s transformative impact on Arizona, particularly in manufacturing and clean energy sectors.

Recent statistics illustrate this shift: Arizona has become a leader in the clean energy economy, with private companies committing $12.75 billion in new investments since the passage of Biden’s clean energy legislation in 2022. These investments are projected to foster over 18,700 jobs across 30 new projects, positioning Arizona as ninth nationally for clean energy job creation.

Among the most notable developments, Arizona is set to become a major center for electric vehicle battery manufacturing. The $5.6 billion gigafactory by LG Energy Solutions in Queen Creek is expected to create 3,650 jobs. Originally delayed, the project advanced to leverage tax credits introduced in Biden’s clean energy initiatives.

The resurgence in clean energy extends beyond urban areas. In marginalized communities, companies have announced $4.4 billion in investments, generating 3,319 jobs. Additionally, rural regions have seen $2.2 billion directed towards creating 1,562 positions.

Overall economic indicators reveal substantial growth during Biden’s presidency. Arizona’s unemployment rate declined from 6.4% at the onset of his term to 3.7% in November, with 383,000 jobs added during his administration.

Healthcare access has also improved significantly. Enrollment in Arizona’s Affordable Care Act Marketplace has surged from 153,000 in 2020 to nearly 410,000. Furthermore, over 1.1 million seniors in Arizona are benefiting from newfound caps on insulin costs and other prescription drug reforms.

In higher education, Biden’s administration has resulted in $3.4 billion in student debt relief for 92,000 Arizonans, while public infrastructure has seen $18.8 billion in federal investment.

“As President Biden leaves office, Arizona is stronger than ever with low unemployment, new caps on prescription drug costs, and billions of dollars canceled in student loan debt,” commented Democratic National Committee Chairman Jaime Harrison. “The investment and commitment made by the Biden Administration in Arizona will yield benefits for decades.”