As design firms know, the Infrastructure Investment and Jobs Act (IIJA) is an enormous source of funding for capital projects, allocating $1.2 trillion to a wide variety of programs ranging from environmental remediation to bridge repair to addressing cybersecurity in state, local, and tribal governments. According to the Federal Funds Information for States (an organization that works with the National Governors Association and the National Conference of State Legislatures), about 39% of the funding available for states will be awarded in competitive grants. Even though competitive grants will be a minority of state funding, the grants make up a majority of the available programs. Part of a design firm’s marketing effort is to have an understanding of Bipartisan Infrastructure Law (BIL) funds, the related fact base, and information specific to asset classes such as broadband, climate, electric-vehicle infrastructure, environment, infrastructure, sustainability, and transportation.
The consulting firm McKinsey & Company is active in supporting state and local leaders as they work to capture the potentially significant impact presented by the BIL. McKinsey’s team for reinvesting in America has developed a detailed view of programs, funding flows, and deadlines across the $550 billion in new-program spending included in the BIL.
McKinsey released a new tool to help explore the massive number of programs and dollars included in the recent infrastructure bill. The free online tool, called the Bipartisan Infrastructure Law Navigator, is an interactive wheel filled with dots, where the outside of the wheel represents the current year and the innermost region represents 2027. The color-coded dots represent deadlines for programs and spending on the various projects included in the IIJA.
The tool also contains filters to help those in the public sector—or those in the private sector interested in performing the work funded by the IIJA—narrow down projects. A design firm, for example, could use the tool to display only competitive grants related to public transit and encourage local governments to pursue the funding.