Fast Facts: Infrastructure Investment and Jobs Act

On November 15, 2021, President Biden signed The Infrastructure Investment and Jobs Act  into law. The new law—which represents the largest investment in infrastructure in our nation’s history—will significantly affect both the public and private sectors. State, local, and tribal governments should begin planning now for how they intend to access and use allocated funds, along with how they plan to report required project information to the federal government. Companies in the transportationconstructionenergy, and telecommunications industries  will see a major influx in funding to support large-scale projects and should begin working now to understand how to leverage these federal funds, as well as address existing challenges related to labor shortage and supply chain issues.