May 29, 2024 6:25 am
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One Year Later, Inflation Reduction Act Brings Clean Energy Investments and Job Growth

Credit: iStock

Staff Writer

One year after the passage of the Inflation Reduction Act, a once-in-a-generation investment in the climate and clean energy, it is clear that the landmark law has already had positive impacts on the national and state economies. As of July 2023, the IRA has already created over 170,000 new clean energy jobs, and is expected to create an additional 1.5 million jobs throughout the next decade.

Here in North Carolina, the state has invested nearly $10 billion in clean energy projects, and over 4,000 new, good-paying jobs have been created since the IRA’s passage, as of July 2023. The state is only expected to grow in its clean energy capabilities, and with it, will continue to create numerous jobs. 

Read here for more information about the IRA’s impact on North Carolina. 

Biden administration touts NC investments to kick off “Infrastructure Week”

The Biden administration’s significant infrastructure investments are transforming North Carolina, highlighted by projects such as the $110 million replacement of the Alligator River Bridge and the $1 billion high-speed rail line connecting Raleigh to Richmond. However, with only 17% of the allocated $1.1 trillion spent to date, the administration faces challenges in demonstrating these impacts to voters before the upcoming November election.

Raleigh City Council approves $5 million for new pilot program to address homelessness

The Raleigh City Council has approved a $5 million pilot program to provide direct rent assistance to unsheltered individuals. The “Unsheltered Homelessness Response Program” allocates $1.9 million for direct subsidies to help individuals move into permanent housing and $2 million to expand housing options, including repairs to city-owned rental units and affordable housing.

Development pressures, higher taxes threaten to displace Black homeowners in SE Raleigh

On a sunny spring afternoon, a predominantly Black crowd gathered at Martin Street Baptist Church in Raleigh to learn about appealing their property taxes, which have soared due to rising property values. With property values in Wake County increasing by 56% from 2020 to 2024, many long-time residents on fixed incomes are struggling to keep up with the higher taxes, leading to widespread concerns about systemic inequities and displacement in historically Black neighborhoods.