Roughly half of the approximately $550 billion of new spending in the INVEST in America Act would be allocated to improving and expanding the nation’s passenger and freight transportation networks. The proposed funding spans virtually all transportation infrastructures: roads, bridges, airports, rail, marine ports and public transport.
One third of the new spending is earmarked to modernize and make more resilient the country’s power grid, support renewable power, safeguard the nation’s water supply and distribution system, and “climate-proof” critical infrastructure. The bill also includes money aimed at narrowing the digital divide by supporting expansion of connectivity to underserved parts of the country.
The initiatives proposed in the bill are aimed at strengthening national infrastructure, as the demand to harden infrastructure against climate-change events and cyber attacks escalates. Industries that rely on these networks, such as logistics firms, airlines, railroads, solar and wind power operators, and online commerce, could stand to benefit. Improvements in transportation networks and a more reliable power grid likely would benefit virtually all industries through the promotion of greater efficiencies in supply-chain networks. The efforts also include money to help decarbonize power and energy.
We took a closer look into how the INVEST in America Act impacts the following industries, where the money will go, and what companies can do now to think through the implications of passage.
This infrastructure push potentially supports wider and longer-term needs for numerous industries — and for the nation as a whole. Given that funds would be disbursed over several years, some companies could position themselves to become infrastructure-building participants in ways that could help drive top- and bottom-lines. In a larger sense, the bill, if signed into law, could increase productivity and efficiencies in production and through supplier networks. It could promote greater domestic production and long-term job creation, enhance worker safety and improve quality of life, attracting talent and economic revival to areas of the country that have languished.