The America Competes Act of 2022, which was recently enacted, will create new opportunities for bright specialists worldwide.
Highlights:
Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength Act are all examples of COMPETES.
The act’s primary goal is to strengthen supply chains.
Under the legislation, the US government has made the following fund allocations:
To boost semiconductor production in the United States, a total of 52 million dollars has been set aside.
Forty-five million dollars will be used to give grants and loans and strengthen manufacturing and supply chain resilience.
https://exam.pscnotes.com/Climate-change”>Climate Change, social and economic inequality, and immigration have all received funding.
The bill provides a new green card for entrepreneurs and exempts STEM (Science, Technology, Engineering, and Mathematics) professionals.