Expansion of Qualified Private Activity Bond Categories Under the Infrastructure Act
On November 15, President Biden signed the Infrastructure Investment and Jobs Act (PL 117-58) into law. This Act introduces more than $550 billion in new infrastructure spending in addition to reauthorizations of existing programs for a total of $1.2 trillion in federal infrastructure investment in local communities over the next eight years. The spending covers broadband infrastructure; air quality improvements; road, bridge, and tunnel repairs and reconstruction; rail and transit improvements;...
U.S. Department of Transportation Announces $2 Million Funding Opportunity to Advance Innovation in Transit
WASHINGTON – Today the U.S. Department of Transportation's Federal Transit Administration (FTA) announced a Notice of Funding Opportunity (NOFO) for $2 million in competitive grant funding for projects that improve experience and mobility for transit riders. FTA's Enhancing Mobility Innovation Program supports innovations that encourage people to get on board, such as integrated fare payment systems and user-friendly software for on-demand public transportation. The Enhancing Mobility Innovat...
Nevada to Receive $2.5 Billion in Transportation Funding Under Five-Year Federal Legislation
CARSON CITY, Nev. – The Nevada Department of Transportation is applauding the signing of the new five-year federal infrastructure funding bill, which will support the Department’s ability to maintain and build the State’s vast network of roads, highways, and bridges. The funding bill will provide $2.5 billion to the Nevada State Highway Fund over the course of five years. Over the next year, that will mean an additional $83.5 million, an approximate 21 percent increase, in federal transport...
The Autodesk Foundation and Siegel Family Endowment Invest in ASME’s Engineering for Change Research Fellowships
Executives from both organizations will participate in Impact.Engineered virtual event, Dec. 2 NEW YORK — With its focus on positive social and environmental impact, the American Society of Mechanical Engineers (ASME)’s Engineering for Change (E4C) Research Fellowship Program continues to attract investment from major funders. The Autodesk Foundation has renewed its support for an additional year with a $250,000 commitment to fund 25 E4C fellowships, and the Siegel Family Endowment has pledg...
Video: November Economic Update 2021 from ACEC
ACEC's VP of Private Market Resources, Erin McLaughlin, takes a look at the current economic trends impacting the A/E industry.
New Mexico utilities to invest more than $11 million in electric vehicle infrastructure and education programs
The Public Service Company of New Mexico can invest $10 million in a suite of electric vehicle programs, with more than $3 million targeting low- and moderate-income families, a promising first step for delivering the economic and health benefits of electric vehicles to all New Mexicans. The Public Regulation Commission also authorized El Paso Electric to invest more than $1.2 million in electric vehicle infrastructure and education in its southern New Mexico territory. [SANTA FE, NM] – ...
Louisiana to receive nearly $6 billion from Infrastructure Investment and Jobs Act
Baton Rouge – Today, the Louisiana Department of Transportation and Development announced that the state is slated to receive nearly $6 billion from the Infrastructure Investment and Jobs Act (IIJA) after the United States House of Representatives passed the bipartisan bill, which was passed by the U.S. Senate this past August. The IIJA is the largest dedicated highway and bridge investment since the construction of the interstate highway system. In addition, Louisiana is well positioned to comp...
Xylem Reports Third Quarter 2021 Results
Orders growth of 22% on a reported basis, 20% organically, from strong underlying demand across segments Revenue growth 4% on a reported basis, 2% organically Net income as a percentage of revenue of 9.0%, up 600 basis points; adjusted EBITDA margin of 17.9%, down 30 basis points Reported net income of $114 million or $0.63 per share; adjusted net income of $116 million or $0.63 per share Lowers full-year organic revenue and earnings per share guidance to ranges of 3% to 4%, and $2....
Nemetschek Group: Strong business development in Q3 2021 with high growth momentum in subscription/SaaS models
+48.0% revenue growth in subscription/SaaS models to EUR 34.5 million in Q3 +13.9% Group revenue growth to EUR 169.3 million +16.4% EBITDA growth in Q3 to EUR 54.4 million, EBITDA margin increases to 32.1% +35.7% growth in earnings per share to EUR 0.30 in Q3 Previously raised 2021 guidance for revenue growth and EBITDA margin expected to be at the upper end of the target range Munich, October 28, 2021 - The Nemetschek Group, one of the world's leading software providers for the c...
ConTech Company Bridgit Announces $24 Million CAD Series B Funding Round
The leader in construction workforce intelligence has doubled in size since its Series A funding round, and announced the hiring of two new executives. TORONTO, ONTARIO - Bridgit, a Toronto-based workforce intelligence technology company that’s focused on the construction industry, is announcing today that it has raised $24 million CAD in Series B funding. Founded by Chief Executive Officer Mallorie Brodie and Chief Operating Officer Lauren Lake, Bridgit’s post-Series B blueprint include...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
Santa Barbara County North Branch Jail Expansion
February Issue 2026
