Colleton County in South Carolina is a quiet rural district best known for its hunting, fishing and, recently, a sensational murder trial. Now it is also a player in America’s new gold rush: a scramble for $1 trillion in federal tax incentives and loans for green energy that is fueling a flood of corporate investments and reshaping local economies. The spending is one of the biggest outlays of taxpayer-financed industrial stimulus since Franklin D. Roosevelt’s New Deal. If successful, it could transform the nation’s economy by creating millions of jobs and driving up to $3 trillion in total clean-energy investments during the next decade. The made-in-Washington initiative also demands a leap of faith from small communities around the country that are committing significant local resources to attract businesses, sometimes in unproven industries. Some have been burned before.
Source: WSJ.com: US Business
