Infrastructure Investment and Jobs Act
Addressing our nation鈥檚 complex infrastructure needs requires a comprehensive approach.
罢丑别听Infrastructure Investment and Jobs Act聽(IIJA) 鈥� a.k.a the Bipartisan Infrastructure Law (BIL) was signed into law on November 15, 2021.聽IIJA is an unprecedented investment in our nation's infrastructure, a focus on value, social equity, climate resilience and sustainability.聽Driving this kind of change and meeting America鈥檚 infrastructure challenges means IIJA has more breadth and complexity than any other federal infrastructure bills in the last 50 years.
IIJA overview
Over $1 trillion
In investment.
~$550 billion
New spending above baseline levels.
375+ Programs
Formula and competitive programs have a diverse range of eligible asset classes, projects and applicants.
Funding criteria
Encompasses mobility and community connectivity, environment justice, resilience and social equity.
Recipients
Includes states, tribes, local governments, counties, cities, MPOs, public agency, private entity, NPOs.
Source: Infrastructure Investment and Jobs Act of 2021, H.R. 3684, 117th聽Cong. (2021); 鈥淯pdated Fact Sheet: Bipartisan Infrastructure Investment and Jobs Act鈥�, August 2, 2021, whitehouse.gov
IIJA funding by sector
IIJA progress
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Source: 鈥淔act Sheet: One Year into Implementation of Bipartisan Infrastructure Law, Biden-鈦燞arris Administration Celebrates Major Progress in Building a Better America" November 15, 2022, whitehouse.gov
Available funding presents opportunities and challenges.
Infrastructure is undoubtedly the new focus for the next decade. As a nation we now face the challenge of fully leveraging funding to deliver on the mission ahead. A mission that requires a focus on projects that are not just shovel ready鈥攂ut shovel worthy. It鈥檚 important to understand the challenges involved and how to meet them in order to make the most of historic opportunities.
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Meet our team
Reach out to our Infrastructure taskforce with specific questions
We have extensive infrastructure funding knowledge to share. Please visit our Infrastructure funding success (kpmg.us) for more information on how we can help.
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