The 2021 Infrastructure, Investment and Jobs Act significantly increases funding for transportation projects while also expanding the definition of infrastructure to provide funding opportunities in areas such as water, energy, and broadband. Much of the funding will be distributed through competitive programs that give priority to collaborative applications that cross city or county lines and provide regional solutions.
The infrastructure law is a game-changer for the Atlanta region.. With IIJA funding, it is anticipated that many projects will be able to get off the ground much sooner than expected.
Here’s what we do know:
- IIJA law increases funding for formula programs that allocate dollars to states and local governments based on certain factors, such as population, that vary based on the program. Annual formula funding in Georgia is set to increase by about $400 million, for a total of more than $1.75 billion.
- The law also funds competitive, discretionary programs, some of them brand new, that will require metro Atlanta communities and jurisdictions to collaborate in order to be highly competitive against other jurisdictions across the country.
Learn more about IIJA opportunities in: