Strategic Investment in Infrastructure: Priorities for Implementation

The $1.2 trillion Infrastructure Investment and Jobs Act (IIJA), along with the CHIPS and Science Act, represents a once-in-a-generation investment in the nation’s infrastructure and manufacturing capabilities. Done wisely, this funding can help build a strong 21st-century economy.

As funds continue to make their way to the state and local level, obstacles remain to making the quickest and best use of these funds. For instance, many of the green energy goals in the IIJA depend on a dependable, expanded power grid, yet renewable energy projects continue to be delayed due to permitting challenges. Inflation, along with workforce shortages, also constrains the buying power of this historic investment. Consequently, streamlined regulation and collaboration between public and private stakeholders are crucial components of a plan for strategic investment for when federal funds are exhausted.

By attending, you will learn:

  • What progress has been made to date in federal investments and which programs have fallen behind their intended timelines.
  • How permitting challenges are causing delays to projects, particularly those in energy grid and broadband deployment.
  • How supply chain challenges continue to be an obstacle to the timely, cost-effective delivery of projects.
  • How federal and state governments can build transparency for all stakeholders in the development of best practices, cost-benefit analysis, and public awareness of investments.
  • How public-private collaboration can be used to expand the trained workforce needed for infrastructure projects and semiconductor manufacturing.
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Strategic Investment in Infrastructure: Priorities for Implementation
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CED POLICY WATCH

Strategic Investment in Infrastructure: Priorities for Implementation

OCTOBER 17, 2024

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The $1.2 trillion Infrastructure Investment and Jobs Act (IIJA), along with the CHIPS and Science Act, represents a once-in-a-generation investment in the nation’s infrastructure and manufacturing capabilities. Done wisely, this funding can help build a strong 21st-century economy.

As funds continue to make their way to the state and local level, obstacles remain to making the quickest and best use of these funds. For instance, many of the green energy goals in the IIJA depend on a dependable, expanded power grid, yet renewable energy projects continue to be delayed due to permitting challenges. Inflation, along with workforce shortages, also constrains the buying power of this historic investment. Consequently, streamlined regulation and collaboration between public and private stakeholders are crucial components of a plan for strategic investment for when federal funds are exhausted.

By attending, you will learn:

  • What progress has been made to date in federal investments and which programs have fallen behind their intended timelines.
  • How permitting challenges are causing delays to projects, particularly those in energy grid and broadband deployment.
  • How supply chain challenges continue to be an obstacle to the timely, cost-effective delivery of projects.
  • How federal and state governments can build transparency for all stakeholders in the development of best practices, cost-benefit analysis, and public awareness of investments.
  • How public-private collaboration can be used to expand the trained workforce needed for infrastructure projects and semiconductor manufacturing.

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Policy Watch explores relevant topics where business meets US domestic policy. Join experts at the Committee for Economic Development of The Conference Board and prominent policy makers as they dissect the impact of timely decisions from the nation's capital.

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