Posted on 10/29/24
| News Source: FOX45
Baltimore, MD - Oct. 29, 2024 - President Joe Biden will visit the Port of Baltimore today to announce a $3 billion investment to strengthen port infrastructure, support good-paying and union jobs, and reduce pollution.
The investment is funded by his Inflation Reduction Act and the Maryland Port Administration will receive $147 million in awards, according to the White House.
The money will support over 2,000 good-paying and union jobs by allowing the purchase and use of zero-emission port equipment, charging infrastructure, and power improvements.
The Maryland Port Administration is one of 55 selectees across 27 states.
The Maryland Port Administration’s Equipment Electrification and Terminal Decarbonization project received the money to purchase zero-emission cargo handling equipment and drayage trucks and help transition the port into a zero-emission facility.
$2 million was also granted to help create a path towards greater emissions reductions to deliver cleaner air for the port and surrounding areas.
The investment will support over 2,000 local jobs, including more than 350 manufacturing jobs.
The support for union jobs comes a month after President Biden signed an Executive Order that calls on agencies to promote strong labor standards.
Union petitions in Maryland have increased by 55% since the start of the Biden-Harris Administration.
This is the latest investment to support Maryland’s infrastructure and economy.
The Investing in American agenda has brought over $13 billion for more than 970 projects in Maryland to date. In addition, it helped prompt over $3 billion in private sector investments.