ONeal Steel March 2022 Market Informer on iPad

White House Releases Resource To Guide State, Local Infrastructure Investment

According to a new report from the American Road and Transportation Builders Association, 36 percent of U.S. bridges, or about 224,000 spans, need repair work. Nearly 79,000 U.S. bridges should be replaced. It is with this backdrop in mind that last week the White House has released a 465-page document that outlines the Biden administration’s plan for state and local governments to access the nearly $1 trillion in funding made available by the Infrastructure Investment and Jobs Act (IIJA), which Congress approved last year.

The guidebook covers 375 programs, including 125 brand new ones, and breaks up funding into four categories: transportation, broadband; climate, energy, and the environment; and other programs. Read the full guidebook here.

How can businesses and interested taxpayers track where the infrastructure money is going?

As a reminder, the U.S. Chamber of Commerce has created a new website, www.LetsRebuildAmerica.com, that will provide the latest updates on funding, and how each state will be impacted by the IIJA. Tiber Creek Group, a Washington-based government relations group, also has assembled a tracker to help monitor funding announcements and implementation updates for the IIJA. View the tracker here.

Source: MSCI, 02.07.2022

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