US Economy
Pennsylvania Boosts Electric Vehicle Infrastructure Funding
PennDOT added a new corridor eligible for NEVI funding. Proposals for expanding EV charging infrastructure are due by August 2, 2024.
KKR, GIP Initiate Coalition to Enhance Indo-Pacific Infrastructure
The Facts - KKR and Global Infrastructure Partners are launching a coalition to promote infrastructure investment in emerging economies of the Indo-Pacific Economic Framework, with over $25 billion in capital that can be deployed. The coalition's initial focus will be on investments in the energy, transport, water and waste, and digital sectors in the Indo-Pacific […]
Microsoft invests $3.3bn to boost AI infrastructure
The Facts - Microsoft is investing $3.3 billion in Wisconsin to enhance AI and cloud infrastructure and establish AI co-innovation lab. CEO Satya Nadella emphasized Microsoft's commitment to democratizing AI to spur economic growth worldwide. Vice Chair and President Brad Smith stated that the investment will focus on advanced AI, training programs and will impact […]
RI Secures $60.1M for Public Transit from Infrastructure Law
The Facts - Rhode Island is allocated $60,105,548 federal transit funding for improvements in 2024. This includes a $4.2 million boost for the Rhode Island Public Transit Agency (RIPTA). The funding will assist in modernizing, maintaining, and operating public transportation systems. Rhode Island Secures Massive Federal Transit Funding for 2024 PROVIDENCE, RI — U.S. Senators […]
We Can't Afford To Let Anyone Swiftboat Us On Bidenomics
(National Urban League) -- Marc H. Morial President and CEO National Urban League “The truth is that the U.S. economy is a remarkable success story. Don’t let anyone tell you that it isn’t.” – Paul Krugman Earlier this year, the National Urban League launched our D3 initiative to Defend Democracy, Demand Diversity, and Defeat Poverty. […]
Governor signs bill to boost aviation infrastructure investment
The Facts - Governor Laura Kelly signed House Bill 2498, investing more in Kansas public airports. The bill increases funding for the Kansas Airport Improvement Program from $5 million to $15 million. The increased funding will support initiatives like safety enhancements and modernization of infrastructure. Kansas Governor Signs House Bill 2498 for Airport Investment Governor […]
'Luzon Corridor' to Boost Philippine Economy
The Facts - The US, Japan, and other nations are investing in infrastructure in the Philippines for economic growth. The Luzon Corridor project will modernize ports and railways, and bring clean energy projects. The investments are part of the G7's Partnership for Global Infrastructure and Investment initiative. High-quality infrastructure initiatives, including clean energy and port […]
Blue Dot Network boosts infrastructure in emerging markets
The Facts - The Blue Dot Network was established by six countries to certify infrastructure projects that meet quality and sustainability standards. The initiative aims to attract private sector investment into emerging markets to bridge the global infrastructure investment gap. Founding members Australia, Japan and the U.S were joined by the UK, Spain, Switzerland, and […]
Unlocking Labor Benefits Through the Inflation Reduction Act
Unlocking Labor Benefits Through the Inflation Reduction Act: A Guide for Workers and Employers The Inflation Reduction Act (IRA) heralds a significant shift towards more sustainable and energy-efficient practices within the American economy. It not only incentivizes the adoption of green energy but also ensures that the transition towards a more sustainable future is inclusive, […]
Australia Govt to increase Southeast Asia investment
TL/DR - The Australian government has announced a 2 billion Australian Dollar (A$) Southeast Asia Investing Financing Facility (SEAIFF) among other measures to strengthen trade and investment relationships with Southeast Asia. Managed by Export Finance Australia (EFA), the SEAIFF will provide loans, guarantees, equity and insurance for energy transition and infrastructure projects in Southeast Asia. […]