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Across America, the “Infrastructure Decade” is upon us. In the six months since the $1.2 trillion Infrastructure Investment and Jobs Act was signed into law, the Biden Administration has announced “over $110 billion to rebuild roads and bridges, modernize ports and airports, replace lead pipes to deliver clean water and expand high-speed internet.” Another $100 billion will be released in the near future.
This transformative government funding will impact almost every industry and community across the nation. The investment will extend well beyond traditional infrastructure of highways, roads and bridges to include broadband access, clean drinking water and air, upgrades to airport and seaport facilities, public transit systems, the transportation of goods and people, and a focus on building healthy and sustainable communities.
Companies should assess how they plan to navigate the business and communications opportunities surrounding this $1.2 trillion in government funding. Below, we outline six ways businesses can begin preparing, today.
The Infrastructure Law, signed last November, is the largest investment in our nation’s infrastructure since the Eisenhower Administration. This law allows for a once-in-a-generation investment in America’s infrastructure and competitiveness that will create jobs, spur economic growth and community investments, combat climate change — and help lower costs for business and families.
It impacts nearly every industry and community across the nation and seeks to address major societal challenges in the environment and climate, community and culture, as well as policy and governance sectors.
This article is co-authored by Steve Bassermann and Madeline Skahill.