Thanks for the questions that you all submitted last month! I dug into the mailbag and picked a frequently asked question to answer.
Q: What is the latest on the infrastructure (IIJA) funding?
The projects and funding continue to roll out … maybe slower than some would like. In fact, roughly $220 billion in IIJA funding has already rolled out to fund technology projects related to cybersecurity, broadband, smart sensors, and of course, roads, bridges, public transit, airports, waterways and clean energy projects.
For the next few years, we’ll see that pace of funding continue with $200+ billion in funding annually. The Biden administration is committed to getting the money out the door as quickly as possible. So, buckle up, we’re just getting started. If you have any questions on how or where this may apply to your offerings, drop me a note.
That’s a wrap for August. Connect with me on LinkedIn and respond to this email with any questions you would like answered in the October newsletter.