Economic Growth
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 […]
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 $15 million. The increased funding will support initiatives like safety enhancements and modernization of infrastructure. Kansas Governor Signs House Bill 2498 for Airport Investment Governor […]
Blue Dot Network boosts infrastructure in emerging markets
The Facts - The Blue Dot Network was established by six countries to certify infrastructure projects that meet quality and sustainability standards. The initiative aims to attract private sector investment into emerging markets to bridge the global infrastructure investment gap. Founding members Australia, Japan and the U.S were joined by the UK, Spain, Switzerland, and […]
Australia Govt to increase Southeast Asia investment
TL/DR - The Australian government has announced a 2 billion Australian Dollar (A$) 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. […]
Doug Emhoff to Spotlight Minnesota's Infrastructure Investments
TL/DR - Second Gentleman Doug Emhoff is set to visit Minnesota as part of the Biden-Harris administration's Investing in America Tour, highlighting the administration's commitment to infrastructure enhancement, particularly at the St. Paul International Airport. The Biden-Harris administration's strategy includes modernizing transportation hubs and stimulating economic growth across various sectors. Emhoff's presence also underscores the […]
United States Economy Outpacing China for First Time Since 1970s
U.S. GDP surpassed China for the first time since 1976. GDP in 2023 outpaced China by more than $5 trillion.
Local Impact of Infrastructure Investment Jobs Act
TL/DR - In November 2021, the Infrastructure Investment and Jobs Act (IIJA) was passed in the US with the goal of addressing issues plaguing the nation's physical and digital infrastructure. The act has had numerous positive impacts in various sectors, including igniting economic growth, educational opportunities, and improved healthcare services through telemedicine via an improvement […]
Hochul Announces $49M for NY Water Infrastructure Upgrades
TL/DR - Over $49 million has been approved by the Environmental Facilities Corporation Board of Directors for water infrastructure improvement projects across New York State. This includes over $20 million from the Federal Bipartisan Infrastructure Law, with a $13 million grant specifically for the Buffalo Sewer Authority to modernize the treatment system at the Bird […]
