CenterState CEO President Robert M. Simpson Comments on U.S. Senate Passage of CHIPS for America Act and the Investment Tax Credit (ITC)
Posted on July 25, 2022
SYRACUSE, NY – Robert M. Simpson, president of CenterState CEO, in Syracuse, issued the below statement following the passage of CHIPS for America Act and the Investment Tax Credit (ITC) in the U.S. Senate.
“CenterState CEO applauds members of the U.S. Senate for passing the CHIPS for America Act and the Investment Tax Credit (ITC). It is especially important to acknowledge the work of U.S. Senator Chuck Schumer for his unwavering leadership and determination to ensure the CHIPS for America legislation was passed.
This is an important step forward, as these are two critical tools that CenterState CEO has vocally advocated for to increase our global competitiveness in the semiconductor industry. Reshoring American production of these devices will enable an unprecedented opportunity to create jobs and economic prosperity in our country and community.
Both pieces of legislation now go to the House of Representatives for a vote where it will receive support from the bill's co-sponsor, Representative John Katko. In this critical moment, we call on Congress vote to approve CHIPS and ITC.”
About CenterState CEO
CenterState CEO is an independent and forward-thinking economic development strategist, business leadership organization and chamber of commerce; dedicated to the success of its members and the prosperity of the region. It serves as an advocate and resource for smart business, catalyzes and facilitates regional growth, and promotes community prosperity through results-driven partnerships, planning and problem-solving. www.centerstateceo.com.