Sorensen Announces Funding to Boost Illinois Manufacturing Jobs
Funding from the CHIPS and Science Act is Available for the First Time to Strengthen Domestic Semiconductor Manufacturing
WASHINGTON D.C. – Congressman Eric Sorensen (IL-17) and the Department of Commerceannounced the first funding opportunities available from the bipartisan CHIPS and Science Act. This funding will invest in domestic semiconductor manufacturing to boost local economies, bolster national security, and shore up supply chains.
"The CHIPS and Science Act is a huge step forward for science, technology, and our nation’s working families," said Sorensen. "I will continue working with federal and local partners to bring these investments to Central and Northwestern Illinois so we can grow manufacturing jobs here at home and make sure we can compete globally.”
The first funding opportunity seeks applications for projects to construct, expand, or modernize commercial facilities to produce leading-edge, current-generation, and mature-node semiconductors.
Awards will take the form of direct funding, federal loans, and/or federal guarantees of third-party loans. Awards are designed to complement private investment and other sources of funding. These awards will be made as soon as applications can be evaluated and negotiated.
All potential applicants, including those for future funding opportunities, are encouraged to submit statements of interest. Read more about the application and evaluation process here. If you would like to request a letter of support, please contact Congressman Sorensen’s Rock Island office at (309) 786-3406.
The CHIPS and Science Act provides $52.7 billion in federal funding to revitalize the U.S. semiconductor industry, including $39 billion in semiconductor incentives, $13.2 billion in research, development, and workforce development, and $500 million to strengthen global supply chains.
Congressman Eric Sorensen is the first openly LGBTQ person elected to represent Illinois at the federal level and is a member of the New Democrat Coalition. He serves on the House Committee on Agriculture and the House Committee on Science, Space, and Technology. Prior to serving in Congress, Sorensen was a local meteorologist in Rockford and the Quad Cities for nearly 20 years. His district includes Illinois’ Quad Cities, Rockford, Peoria, and Bloomington-Normal.
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