according to the US Bureau of Economic Analysis. So how can we rectify this situation? Well, with the inflation Reduction Act, Justice 40 Initiative, and other acts of Congress along with budgetary allocations, literally hundreds of billions of dollars from the federal government, and trillions of dollars in investment from corporations, and philanthropic entities will be flowing into the banks and the accounts of those who are already wealthy. This will happen primarily because of large scale macro solutions that are being not only proposed, but implemented. Macro solutions, such as carbon capture, and carbon sequestration, such as the 30x30 Forestry plan, supported by the Biden administration, money that will be used for installing electrical charges throughout the nation, and that huge a swift drive towards manufacturing electric vehicles, and other clean and renewable energy industries. So how do we ensure that money actually gets to communities? The first thing we need to do is realize that some of the existing models that we have in place can be updated so that they reflect other models of business that work and are successful, and also generate revenue and infrastructure on the community level.
So while we have, as in the case of South Carolina, a $3.5 billion dollar battery recycling plant coming and, an electric vehicle battery plant that is being built that will employ 1600 people, along with the facility to construct charging stations, and much, much more. Much of this money can go to the community, and not to the usual suspects. I had a conversation with a member of the NAACP and we were talking about one of the assets that every community has when it comes to training people for new jobs and vocations and that is our technical colleges. However, after acknowledging that this is a community asset, we also realize that there is a new model that has been in place for many years, called community in place training and education. In other words, there are many people who do not feel comfortable in a campus setting, people who have transportation challenges, and people who just cannot afford to go to a technical college that has this tuition based not only on the teacher's salary and books, but based also on infrastructure and the cost of their edifies. Universities all across the country have shifted towards online training, and community in place training, where you can walk into a library, a community center, a church or even a home and find that people are being taught by professors and teachers on off-campus sites.
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