By Ramona du Houx

November 2023

President Joseph Biden delivered remarks in Maine last summer on how Bidenomics is driving an economic boom and helping workers manufacture more goods in America. 

He said Bidenomics builds the economy from the middle out and bottom up of society, not the top down as trickle-down economics was meant to do, but never materialized.  

The President’s policies with the Inflation Reduction Act and the Infrastructure Law the economy has grown by adding more jobs, helping communities, and is building a resilient global supply chain.

In July the President’s National Climate Advisor was in Madison, Maine for the opening of TimberHP and reported on his findings to the administration.

President Biden delivers remarks to the workers of a Lewiston, Maine manufacturing plant who helped supply communities with Covid19 components of protection with Biden administration Recovery Act Funding.

“It’s (TimberHP) a brand-new company that’s turned a shuttered paper mill into America’s first wood fiber insulation factory produced with 100 percent clean energy, helping families save on energy bills and creating 140 new jobs,” said Pres. Biden. “I want to congratulate Governor Mills, who just yesterday signed legislation making Maine a leader in the offshore wind industry. It’s a big deal. It is a big, big deal.

He went on to say that the federal government is helping expand offshore wind to 30 gigawatts of offshore wind by 2040.
During his visit Biden signed an Executive Order that will promote research and development (R&D) investments than can directly support American manufacturing and American jobs in the industries of the future. To achieve this goal, the Executive Order tackles four core objectives:

  • Improving transparency, cutting red tape, and streamlining reporting requirements in the Federal R&D process to better track progress towards our domestic manufacturing goals;
  • Boosting the incentive to manufacture new inventions in the U.S. when those inventions are developed using Federal funds;
  • Encouraging the expansion of domestic production for critical industries while maintaining flexibility to build strong international R&D partnerships; and
  • Making the domestic manufacturing waiver process clearer, timelier, and more consistent, including when production is not commercially feasible.