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With a new week comes the anticipation of being able to serve people, both inside and outside of the automotive industry. Today, we’ll be talking about a $1B investment in the EV supply chain, the best lease deals out there right now, and Gen Z taking tech jobs from Millennials.

Show Notes with links:

• Monroe Capital is launching a $1 billion fund, backed by federal government programs, to support small auto suppliers in the shift to electric vehicles. This move aims to strengthen U.S. supply chains and competitiveness.
  • The Drive Forward Fund will be backed by government-guaranteed lending via a Small Business Administration license.
  • The U.S. Treasury also announced a $9.1 million grant to help Michigan suppliers secure EV financing.
  • New U.S. tariffs and EV tax credit rules are encouraging a shift in supply chains away from China.
  • “This fund will catalyze growth and innovation within America's automotive supply chain,” said Monroe CEO Ted Koenig.

• September 2024 is packed with unbeatable lease deals on electric vehicles, making it the perfect time to help customers make the switch to an EV. Here are some of the top offers:
  • Hyundai IONIQ 5: $159/month for 24 months with $3,999 due.
  • Hyundai IONIQ 6: $239/month for 24 months with $3,999 due.
  • Tesla Model 3: $299/month (or $160/month after incentives).
  • Kia Niro EV: $169/month for 24 months with $3,999 due.
  • Chevrolet Equinox EV: $239/month for 24 months with $3,169 due.
  • Toyota bZ4x: $239/month for 36 months with $2,999 due.
  • VinFast VF8: $199/month for 36 months with $199 due.

• With tech jobs increasingly favoring younger applicants, Millennials—now in their 30s and early 40s—are facing growing competition from Gen Z as employers continue to celebrate youth over experience, prioritizing fresh perspectives, fast adaptability and cultural fit. 
  • New federal data reveals the number of workers under 25 in the US tech workforce grew by 9% annually from 2014-2022, surpassing industry averages.
  • Nearly 41% of tech workers are aged 25 to 39, compared to 33% in the overall workforce.
  • Workers over 40 are increasingly sidelined, despite laws protecting against ageism since 1967.
  • Age discrimination complaints in tech account for 20% of all EEOC filings.
  • “Gen X built the tech industry. There’s a ton of value there,” says John Rizzo, reflecting on his struggle to find work at 60.

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.

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