Biden’s ‘Green Manufacturing’ Plan Is Running into Serious Real Estate Problem: Report

President Joe Biden’s push to boost “green” U.S. manufacturing is facing headwinds from a lack of available real estate, Reuters reported Thursday, citing development experts and local government officials.

Roughly half of all megasite projects — typically defined as large factories spanning more than 1,000 acres —  announced since 2004 were announced in the past five years, Reuters reported. While the U.S. has a significant amount of available land, most of it is not ready for the large multibillion dollar projects companies are looking to develop before tax credits under Biden’s signature climate law, the Inflation Reduction Act, begin to phase out at the end of the decade.

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