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“Domestic content” refers to the proportion of goods, materials, and services that are produced or sourced within a particular country. This concept is often applied in various industries and sectors, particularly in government contracts, public infrastructure projects, and manufacturing. The aim is to prioritize local or national suppliers, manufacturers, and workers, which in turn supports the domestic economy, creates jobs, and encourages investment in local businesses.

In many cases, meeting domestic content requirements is essential for projects to qualify for certain government incentives, tax benefits, or to comply with regulations. These requirements may specify a minimum percentage of the total value of a project or product that must be sourced domestically.

For example, in the context of renewable energy projects like offshore wind, domestic content might involve using a certain percentage of locally produced materials or hiring local workers. Compliance with these requirements can help project owners gain competitive advantages, such as eligibility for federal funding, tax credits, or improved public perception.

In the meantime, engage with us at Local Content + Domestic Content Week!