Infrastructure is vital for our economy and a top priority for commercial real estate. Over the past weeks and months lawmakers have been working to pull a long-awaited infrastructure bill. We expect the President to sign it into law soon. The link provides a breakdown of the items included in this much-discussed legislation as provided by the Real Estate Roundtable.
**The Bipartisan Infrastructure Investment and Jobs Act (text as of Aug. 3; section-by-section – also known as the “Bipartisan Infrastructure Deal” (BID) – would make unprecedented investments in U.S. infrastructure. It proposes $550 billion (over five years) in new infrastructure investment. The Biden Administration estimates it would create around 2 million jobs per year over the next decade.
The BID seeks no tax increases on families or businesses as “pay-fors.” If the Deal becomes law, it could re-imagine how our nation can productively move people, goods, power, and information from home to work, business to business, community to community – and building to building. Continue reading HERE