What Is in the Bill? |
NEWS |
In November 2021, the U.S. Congress signed a US$1.2 trillion Infrastructure Investment and Jobs Act (IIJA) that contains US$550 billion of new federal spending. The spending will be allocated over the next five years across more than 350 different programs. These programs are aimed at three areas: (1) transportation; (2) climate, energy, and the environment; and (3) broadband. A once-in-a-generation investment, the IIJA expands beyond the traditional definition of infrastructure to include items such as broadband and cybersecurity. With over 50% of the budget set to be spent on transportation, this could be a pivotal moment for the adoption of technology in the United States.
Why Is This Good News for Smart City Vendors? |
IMPACT |
This bill is incredibly good news for smart city investors and vendors as it affords many opportunities for greater smart city investment. Several of the programs will directly or indirectly affect a smart city’s and community’s ecosystem. There are opportunities across different sectors, including smar…
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