Elizabeth Fairchild

Washington, D.C. – One year after the passage of The Inflation Reduction Act (IRA), America’s clean energy economy is booming. Liz Fairchild, Executive Director at Business Forward, issued the following statement in commemoration of the landmark legislation:

“The Inflation Reduction Act reshores American manufacturing, strengthens our clean energy economy, and increases healthcare accessibility for Americans. The Act has already helped to boost economic and environmental resilience for generations to come.

The Act is poised to create more than 9 million jobs by 2032, while reducing household energy costs for families $500 per by $21 billion by 2050. Since the IRA was signed into law, more than $240 billion in new clean energy investments have been announced – representing meaningful reductions in greenhouse gas emissions and lower costs of clean energy technologies, all while creating good jobs where we need them most.

The IRA also reduces barriers to healthy living for our communities and increases healthcare options for small business employees. The IRA’s strategic investments are what America’s small businesses need to ensure we build a strong, healthy, and resilient economy to remain globally competitive.”


Business Forward has helped more than 270,000 local business leaders make the “business case” for climate action, affordable healthcare, immigration reform, diversity and inclusion, sensible tax laws, criminal justice reform, infrastructure investment, new trade deals, and other pro-growth reforms. Our leaders brief policymakers, work with local media, publish op-eds, submit testimony, and advocate online. We also promote their recommendations through issue briefs, survey reports, training manuals, podcasts, and social media. More than 800 mayors, governors, members of Congress, and senior Administration officials have participated in our briefings, including three presidents. Learn more at