Donald Trump has vowed to speed up regulatory approvals for investors spending $1bn or more in the US, a signal that he will address one of developers’ thorniest complaints when he takes office next month.
The president-elect made the offer on Truth Social on Tuesday, reflecting his plan to spur more domestic investments through deregulation rather than the tax credits and subsidies that have been the preferred approach under President Joe Biden.
“Any person or company investing ONE BILLION DOLLARS, OR MORE, in the US of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!,” Trump wrote on his social media platform.
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