Last November, Congress passed the Infrastructure Investment and Jobs Act, a bipartisan bill that approves $550 billion in new Federal spending for transportation, utilities, and environment. Now, entering 2022, the focus shifts towards the most critical element of the bill: its rollout.
The bill has numerous provisions that help small businesses, whether through providing $65 billion for high-speed internet in rural areas, $110 billion for road and bridge repairs and construction, and $66 billion for passenger and freight rail.
Investment in these sectors lays the groundwork for sustaining, growing, and creating new business. America's businesses, large and small, are helped by the investments made in developing and maintaining the infrastructure that allows business to operate efficiently and effectively.
But the bill itself is just the first step. Many decisions regarding the allocation of funding provided by the bill have yet to be made, and the implementation of the bill is a developing process. Earlier this month, infrastructure czar Mitch Landrieu urged governors to appoint infrastructure implementation coordinators, who can shape the implementation of funding and where it goes within their state.
We will continue to track the rollout of the infrastructure bill, and what opportunities for funding and input from small businesses exist during the process. . Sign on to help us finalize the most important issues facing our small businesses and our 2022 Policy Agenda to help them receive the funding and support they need.