President Donald Trump has signed an Executive Order (EO) establishing a national Investment Accelerator. The United States Investment Accelerator office is expected to be established within 30 days, led by the Secretary of Commerce, working with the Secretary of the Treasury and the Assistant to the President for Economic Policy.
The Accelerator is expected to facilitate and accelerate investments above $1 billion in the United States. This will be accomplished by helping investors “navigate United States Government regulatory processes efficiently.”
Regulatory barriers garner attention, and the Accelerator is expected to work with all fifty states to reduce these barriers, which may increase both foreign and domestic direct investment in the US.
The Investment Accelerator shall be responsible for the CHIPS [Creating Helpful Incentives to Produce Semiconductors Program] Office within the Department of Commerce
The EO states:
“Regulations hamper investment, permitting, and site selection, and numerous overlapping Federal, State, and local legal regimes with complex and often duplicative requirements significantly delay construction. It is in the interest of the American people that the Federal Government dramatically expand its assistance to companies seeking to invest and build in the United States.”
Additional details should be made available in the coming weeks.
