Think of it more welfare for cities/regions, along with trying to goose certain industries.
For example, batteries are a key industry US is trying to build, a fundamental part of the near to mid future that we’re finally not outsourcing. I’m originally from near Binghamton NY was fascinated to learn about the proposed battery company based on developments at the University. Fantastic. The thing is, that whole area had been a major tech hub but never recovered from IBM leaving in like the 1990s. A bunch of the IBM buildings were torn down or repurposed, things are gradually growing over the decades but it’s nowhere near as prosperous as it used to be. There was a huge “brain drain” where so many people left and just never came back. My brother considered going back because he could buy blocks of useable houses for under $20k apiece, but there was no hope of population catching up to housing supply
Apologize if anyone is still there and more optimistic, I wish you all the best, but I long ago moved to a place that is still a tech hub