Michigan Brings Home Billions of Dollars in Federal Funding for Transformational Infrastructure Projects
Michigan capitalizes on federal funding to improve infrastructure and clean energy resilience, create good-paying jobs and lower utility costs for families and businesses LANSING, Mich.—The Michigan Infrastructure Office is celebrating Infrastructure Week (May 13-17) by highlighting the billions of dollars of federal funding coming to the state, made possible by President Biden’s Bipartisan Infrastructure Law (BIL,) the Inflation Reduction Act (IRA), CHIPS and Science Act and support from th...
Continued Federal Infrastructure Investments Will Save Jobs and Grow the Economy Over the Next Decade: Economic Study
New Report from ASCE says American consumers are saving $700/year if infrastructure investments continue WASHINGTON, D.C. – Recent federal legislation addressing the nation’s rapidly accelerating infrastructure needs, including the Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA), will save American families an average of nearly $700 per year and save U.S. industries more than $1 trillion in gross output including $637 billion in savings to GDP, if these n...
National Grid Partners Achieves Key Milestones: $450M+ Deployed Across 50 Climate Tech Investments
Three new investments in Captura, Luminance and Transcend total $17 million and will help to scale critical technologies to decarbonize utilities and create the grid of the future MENLO PARK, Calif., April 11, 2024 /PRNewswire/ -- National Grid Partners (NGP), the corporate venture capital and innovation arm of one of the world's largest utilities, today announced three new investments advancing net zero and climate tech innovation totaling $17 million. The new deals bring NGP to key mileston...
Biden-Harris Administration Announces Nearly $830 Million in Grants to Make Transportation Infrastructure More Resilient to Climate Change
Funded by President Biden’s Investing in America agenda, new program supports projects to protect bridges, roads, ports, rail, and transit from extreme weather and the impacts of climate change, advances Administration’s National Climate Resilience Framework WASHINGTON – The Biden-Harris Administration today announced nearly $830 million in grant awards for 80 projects nationwide that will help states and local communities save taxpayers money while strengthening surface-transportation...
Michigan Receives $50 Million in Federal Funding to Protect Communities Against Natural Hazards
Funding Will Help Make Roads More Resilient, Sustainable and Safe for Michiganders LANSING, Mich.— Today, Governor Whitmer joined the U.S Department of Transportation (U.S. DOT) to announce that three Michigan projects have been selected to receive a combined $50 million in federal funding from the U.S. DOT’s Promoting Resilient Operations for Transformative, Efficient and Cost saving Transportation (PROTECT) program. Thanks to the leadership and vision of the Biden Administration and the fed...
Builders Capital Announces $500 Million Strategic Transaction with InterVest Capital Partners
PUYALLUP, WA and NEW YORK, NY | Builders Capital recently closed a transaction with InterVest Capital Partners, forming a strategic partnership that results in a commitment of up to $500 million in growth capital and InterVest acquiring a strategic minority interest in Builders. “We are thrilled to partner with InterVest, one of the leading specialty finance investment platforms,” said Robert Trent, CEO of Builders Capital. “We plan to use the capital to aggressively expand our platform and c...
Biden-Harris Administration Announces $60 Million for Emergency Work in Wake of the Collapse of the Francis Scott Key Bridge in Baltimore
$60 Million in ‘Quick Release’ Emergency Relief funds are a down payment on Maryland’s initial costs for emergency repairs, design, and reconstruction of the bridge WASHINGTON – Within hours of receiving the request, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the immediate availability of $60 million in “quick release” Emergency Relief (ER) funds for the Maryland Department of Transportation to rebuild the Francis Scott Key Bridge after a car...
Four PCA Member Companies Awarded a Total of More Than $1 Billion from DOE
Money Will Fund Major Decarbonization Projects Washington, D.C. (March 25, 2024) — Today the U.S. Department of Energy announced potentially more than $1.2 billion in funding for four Portland Cement Association (PCA) member companies to launch revolutionary decarbonization projects. The funding comes by way of the Biden Administration’s Bipartisan Infrastructure Law and the Inflation Reduction Act (IRA)—two pieces of legislation PCA advocated strongly for on Capitol Hill. In all, th...
Biden-Harris Administration Announces Nearly $45 Million in Available Funds to Improve Bicyclist and Pedestrian Connectivity and Safety
Applications open for the Active Transportation Infrastructure Investment Grant program, a new Bipartisan Infrastructure Law program WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced today that it has opened applications for up to $44.5 million in funding for projects that will strengthen safety and improve bicycling, walking and access to public transit in communities across the country. FHWA’s new Active Transportation Infrastructure...
Biden-Harris Administration Opens Applications for $1.2 Billion in Funding to Decrease Air Pollution from the Transportation Sector as Part of Investing in America Agenda
New Inflation Reduction Act program provides funding to all 50 states, the District of Columbia, and Puerto Rico WASHINGTON - As part of the Biden-Harris Administration’s Investing in America agenda and ongoing work to improve air quality, decrease pollution and tackle the climate crisis, the Federal Highway Administration (FHWA) today launched the Low Carbon Transportation Materials Program. The program is aimed at lowering air pollution, specifically greenhouse gas emissions (GHG), th...