The Infrastructure Investment and Jobs Act is a law that was passed in November 2021. The law authorizes $1.2 trillion for roads, bridges, water, broadband, and other improvements with $550 billion slated for “new” investments/programs. Local governments are eligible for billions of the funding, but unlike ARPA, cities must apply for grants to receive IIJA funds for a project.
Iowa stands to gain at least $5 billion in funding over the next five years. Investments from IIJA would provide funding for a number of needs including, but not limited to:
- Water infrastructure
- Highway aid to address highways in poor condition
- Bridge replacement and repairs
- Public Transportation
- Airport infrastructure and upgrades
- Electric vehicle programs including funding for charging stations
- Broadband expansion
- Protection against cyberattacks
The Buy America, Build America Act (BABA) is part of the requirements of IIJA. As it relates to infrastructure projects and awarding of funds, the following BABA requirements must be met:
- All iron and steel used on a project must be made in the United States
- All manufactured products must be produced in the United States and must be greater than 55% of the total cost of all components of the manufactured product
- All construction materials must be made in the United States
The new programs and how to apply for funding are at various stages of the development process with their respective agencies. As the development process evolves, and it becomes clear on how to apply for specific funding, IIJA updates, training opportunities including webinars, and other applicable information, the League will use its communication tools such as the website, social media, and League Weekly to get the word out.
Rural Playbook which breaks down specific rural-focused opportunities among the more than 375 programs.