A Once-in-a-Generation Reshoring Wave
Two landmark pieces of legislation are driving the largest manufacturing buildout in American history.
CHIPS and Science Act
Signed August 2022
$52 billion in semiconductor manufacturing incentives driving Intel, TSMC, Micron, and Samsung to build mega-fabs in Ohio, Arizona, New York, and Texas. These facilities require tens of thousands of workers who need workforce housing.
Inflation Reduction Act
Signed August 2022
$369 billion in clean energy incentives spurring EV battery plants across the Southeast and Midwest. Toyota, Ford, Hyundai, and Panasonic are building massive facilities creating thousands of high-wage manufacturing jobs.
Key Investment
Filters
Disciplined criteria identifying markets where federal investment meets housing supply constraints.
Federal Investment Catalysts
Markets receiving CHIPS Act, IRA, or defense spending that will drive sustained job creation.
High-Wage Job Growth
Semiconductor and manufacturing jobs averaging $75K-$135K annually.
Housing Supply Constraints
Markets where housing production cannot keep pace with workforce growth.
Landlord-Friendly Environment
States with property rights protections and efficient processes.
Entry Price Accessibility
C/C+ multifamily under $2M before institutional capital arrives.
Manufacturing Mega-Hubs
Confirmed generational investments with production underway. Highest conviction markets.
Columbus, OH
- Intel megasite: up to 8 fabs, first facilities operational 2025
- Anduril Arsenal-1: $1B, 5M sq ft defense factory, 4,000 jobs by 2035
- Housing crisis: Need 14-17K units/year, building only 11K
- Population: 2.4M → 3M by 2050, accelerated by reshoring
Greenville / Spartanburg, SC
- BMW (11K workers), Scout Motors, Volvo, Woodward anchor corridor
- Top 10 fastest-growing metro for second year
- Entry advantage: Spartanburg median ~$285K
- 13% avg annual appreciation without boom-bust cycles
Emerging Corridors
Massive investments committed. Ground floor timing before institutional capital arrives.
Syracuse / Central NY
Micron Megafab Complex
- 9,000 direct jobs → 40,000+ ecosystem jobs over 20 years
- $500M community investment in training, transport, housing
- Ground floor: Production 2030, workforce begins NOW
Piedmont Triad, NC
Liberty / Greensboro Corridor
- Toyota's first US battery plant, 5,100 jobs. LIVE Nov 2025
- Randolph County: 100K new residents in 5 years
- Small town transformation: New housing, infill, revival
The Arsenal Buildout
Beyond semiconductors and EVs: defense tech and aerospace are driving the next wave of American manufacturing. These workers need housing too.
Anduril Industries
Arsenal-1 • Columbus, Ohio
- 5 million sq ft autonomous weapons manufacturing
- Production begins July 2026: Fury, Roadrunner, Barracuda drones
- Near Wright-Patterson AFB—chosen for AI fighter jet program
- Founders Fund just wrote $1B check—largest ever
SpaceX Starbase
Boca Chica • South Texas
- Created an entire city—incorporated as Starbase in 2025
- 24,000 direct + indirect jobs across the region
- GigaBay: $506M manufacturing facility under construction
- 350+ suppliers, $147M regional supply chain spend
Golden Dome
1,000+ companies approved for space-based missile defense contracts. SpaceX, Anduril, Palantir leading consortium.
Hyundai Georgia
Largest investment in Georgia history. IONIQ 5 & 9 production live. SK battery JV creating supplier ecosystem.
Housing = Infrastructure
"None of it matters if the workforce building such systems can't afford to live near the job site."
— Defense Opinion on the defense industrial base workforce crisis
Diversified Growth
Multiple economic drivers, proven growth trajectories, strong fundamentals.
Huntsville, AL
- US Space Command HQ + Golden Dome + FBI (6-7K jobs)
- 18 new residents/day, 16% growth since 2020
- Aerospace engineer median: $110K+
Nashville, TN
- Ford BlueOval City ($5.6B) nearby: 2,500 jobs
- No state income tax, diversified economy
- Property owner-friendly regulatory environment
San Antonio, TX
- Significant discount to Austin/Dallas
- Benefits from Texas semiconductor corridor
- Military, healthcare anchor economy
Frontier Bets
Earlier-stage opportunities with compelling catalysts. Higher risk, higher potential reward.
De Soto, KS
Panasonic $4B plant (world's largest) in town of 6,500. 60%+ pop increase projected.
Boise, ID
Micron $15B DRAM fab + tech migration. Market correction = entry point.
South Texas
Starbase creating a city from scratch. 8,000 jobs by 2026. Massive housing demand.
Bartow County, GA
SK + Hyundai $5B battery plant. 3,500-10,000 jobs in rural Georgia.