On November 15, 2021, President Joe Biden signed into law the $1.2 Trillion Infrastructure Investment and Jobs Act. According to MG shareholder, Jay Thompson, this law will help usher in a new era of transportation construction, clean energy construction, broadband construction, and more in America. Thompson co-presented with David A. Draper of Lewis Thomason, (Knoxville, TN) at the recent ALFA International Construction Law Practice Group in Atlanta, GA. The goal of their presentation, “Are We There Yet? An Overview of the 2021 Infrastructure Investment and Jobs Act”, was to provide insight into this historic legislation and what it means for states, cities and communities across the country. The presentation explained how the new funding is expected to boost the construction industry over the next 5-10 years as it is rolled out through federal, state, and local agencies. Over half of the money will go to transportation projects, with the largest segment going to roads, bridges, and related transportation programs.
This Act will also fund water infrastructure, clean energy construction, broadband construction, environmental remediation, and much more in America. As the new funding boosts the construction industry, the legal community that supports the construction industry is also likely to see increased demand for all types of services, ranging from contracts to permitting to litigation.
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