CNBC
BY Scott Cohn
JULY 15 2022
The bipartisan infrastructure bill signed into law in 2021 is funneling unprecedented funds to the states for roads, bridges, broadband and more.
Infrastructure is a major factor in competitiveness as the nation seeks to rebuild and revitalize the domestic supply chain.
Some states are not waiting for the federal funds. They are leading the way in infrastructure improvements.
The $1 trillion bipartisan infrastructure bill signed into law by President Joe Biden late last year is a game changer, including more than $500 billion in new spending for longstanding needs including roads, bridges, electrical grid improvements, along with money for newer needs like broadband service and electric vehicle charging stations. According to the White House, much of that money will go directly to the states, with the biggest states — California, Texas, and New York — in line to receive more than $45 billion in direct aid. The funds are also critical in the nationwide push to rebuild the domestic supply chain. States that are fighting to lead that effort and are courting companies are touting their infrastructure. It is a major factor in CNBC’s annual America’s Top States for Business rankings. Under our methodology, we measure roads, bridges, ports and airports, as well as water and electric utilities, sites available for development, and sustainability.
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