How the U.S. government is spending its money on infrastructure, from infrastructure as code to infrastructure spending
Posted On July 2, 2021
The Federal Deposit Insurance Corporation is getting ready to launch an initiative to help Americans with their infrastructure needs.
The FDIC is setting aside $500 million for infrastructure projects.
It will fund up to 1,000 projects a year that will help improve the nation’s roads, bridges, railways, airports, ports, pipelines, and other critical infrastructure.
FDIC Chairman Richard Cordray said the agency is also considering offering grants to other states to help them build their own infrastructure, which could make it easier for companies to tap into their workforce.
If you’re looking to start a business, this is a great way to get started, said Chris Wierzbicki, president of the National Federation of Independent Businesses, a nonprofit group.
FDIC plans to use the money to help cities, states, counties, and towns to hire skilled workers, expand their networks of suppliers, and hire other local experts.
The FDIA is a federal agency that is part of the Department of Commerce and a division of the U: Department of Labor.