The bill will create jobs in many parts of the country.
Provided by Tiffany Valentine, CFP®
Vice President and COO
At the White House on Monday, President Biden signed a $1T bipartisan infrastructure set to enable enhancements for transportation and utilities over the next five years.1
Over those five years, $550 billion will be invested into both the physical infrastructure of the nation (roads, highways, and rail) as well as bringing broadband internet to areas it hasn’t been previously available.1
The bill will also create jobs in many parts of the country. Projects ranging from replacing lead pipes in water systems and upgrades to bridges will now move from the planning stages, and into the real world.1
As usual, large government programs mean money for private concerns as contractors place bids and get hired for these projects. You may have questions about how these infrastructure projects might affect your overall financial strategy. I’d be happy to make time to discuss your questions and concerns as these projects break ground.
Tiffany Valentine is a Registered Representative with securities and financial planning services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.CA Insurance License 0D73175.
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Citations
1. CNBC.com, November 15, 2021