On November 2021, Congress passed a historic infrastructure bill which promises $1.2 trillion in funding to cover the costs of countless infrastructure programs including:
- Roads and bridges
- Broadband updates
- Railroads and transits
- Electric vehicles
- Power and water system upgrades
Experts predict this infrastructure bill will bring in roughly 650,000 new jobs. The Biden administration asserts these will be “good-paying union jobs with high labor standards,” competition will be fierce.
Receiving funding for these programs will require construction companies to watch changing requirements and extreme attention to detail.