CHIPS Act Signed into Law

In August 2022, the President signed the CHIPS Act into law, after the bill passed in both the Senate and House in July with bipartisan support. The bill contains $52 billion to increase semiconductor manufacturing. It also authorizes a record $11 billion for new programs to be administered through the US Economic Development Administration (EDA). The CHIPS Act authorizes – but does not appropriate – funding for these new EDA initiatives. Click here for more details.


Joe McKinney has served as Executive Director of the National Association of Development Organizations since 2012. He previously served as the Executive Director of the Land of Sky Regional Council in Asheville, North Carolina from 2003 to 2012. Under his leadership, Land of Sky became recognized nationally for its innovation in program areas including planning and economic development, workforce development, transportation and transit, aging services, volunteer services, and geographic information systems. Joe has also held various other roles in city, county, association, and government management. He holds a Bachelor’s Degree in Public Policy Analysis from the University of North Carolina at Chapel Hill and a Master’s Degree in Public Administration from UNC-Chapel Hill.

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