Joe Biden to announce $60 million investment from Enphase Energy

livemint.com:

Joe Biden will announce a $60 million investment from Enphase Energy Inc, a manufacturer of solar-energy equipment when he travels Thursday to South Carolina, according to a report published by Bloomberg.  With this move, around 1,800 new jobs will be created across the United States including 600 in South California between Enphase and its partner multinational manufacturing giant Flex Ltd, the White House said in an official statement.  Enphase aims to open up six new manufacturing lines, bolstering clean-energy supply chains and helping power as many as one million homes per year with solar energy, Bloomberg reported.  The manufacturer's visit to South California comes as the US President is heightening his reelection campaign with a series of events to champion his administration’s accomplishments — in particular his economic agenda, which the White House has taken to calling Bidenomics.  He has been highlighting his efforts to create manufacturing jobs in the US as a centerpiece of his efforts, boosted in part by legislation he signed into law including the $370 billion Inflation Reduction Act and the $52 billion CHIPS and Science Act. Joe Biden argued that those laws will bring deep and lasting changes to the American economy, yet despite a boom in factory construction, many of those facilities won’t come online for years, a challenge for a president whose economic record will be central to his reelection prospects.

However, voters are worried about the threat of a potential recession and still struggling with unusually high inflation. The president has been weighed down by low polling numbers and has sought to combat perceptions that he has accomplished little in office.