On the 15th of November 2021, President Joe Biden signed the largest federal investment infrastructure bill into law. The Infrastructure Investment and Jobs Act is a $1 trillion package that is designed to provide essential investment in the construction industry alongside creating a range of new jobs across the country.
What is the Infrastructure Investment and Jobs Act?
The bill is the biggest infrastructure investment in a generation, bringing existing initiatives firmly into the modern world and helping them to meet the demands of green energy, changing population patterns, and emerging urban lifestyles.
The bill covers a range of core areas, including:
- Roads, bridges, and major projects
- Public transport
- Passenger and rail freight
- Airports
- Port and Waterways
- Water
- Clean energy and power
- Electric vehicles, buses, and ferries
- Broadband
- Infrastructure resiliency
- Environmental Remediation
- Safety
What is the impact on construction and architecture?
This once-in-a-generation bill is going to have a huge impact on countless industries, in particular, the construction and architecture worlds. The construction industry will be providing nearly all of the labor for every program, but the current talent shortage is going to create significant pressure in the short term. However, in the long-term will generate more demand for jobs and provide sustained growth opportunities for contractors.
For architects, the bill will see a substantial increase in demand for their services. Architecture will play a crucial role in meeting the demands of modern society, and these professionals will need to work closely with State and local agencies, city planners, and construction companies to ensure these upgrades and repairs meet legislation.
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