There’s a huge new marketplace emerging and it’s definitely worthy of watching. The Internet of Things (IoT) is coming on strong…so strong, in fact, that the IoT marketplace is expected to exceed $130 billion by 2024. Here’s what the experts say to expect – by 2020 – IoT service offerings related to discrete manufacturing, transportation and logistics and utility industries. In just these three areas, projections are that each will represent $40 billion in spending on platforms, systems and services. That’s a big deal!
View this complete post...Archive for the ‘Funding’ Category
U.S. cities – the hot new technology marketplace
Tuesday, June 26th, 2018Nevada: How Fuel Revenue Indexing (FRI) Is Fixing Infra and Creating Jobs
Tuesday, June 19th, 2018The importance of the overall initiative is twofold: one is infrastructure. Public infrastructure lays the foundation for economic development, lays the foundation for recruiting new businesses and creating a sustainability for communities. More importantly at the current time, it’s created jobs.
In 2013, the Nevada State Legislature passed Assembly Bill 413 to fund critical roadway improvements. Since then, we’ve awarded $620,000,000 dollars, created 8,000 jobs, funded 225 projects, and employed 78 local small businesses.
View this complete post...Renewing the Water Workforce: Improving Water Infrastructure and Creating a Pipeline to Opportunity
Monday, June 18th, 2018As the U.S. economy continues to grow, many communities are struggling to translate this growth into more equitable and inclusive employment opportunities. Simultaneously, many of the nation’s water infrastructure assets are in urgent need of repair, maintenance, and restoration. Yet the workers capable of carrying out these efforts are in short supply due to an aging workforce eligible for retirement and the lack of a pipeline for new talent.
View this complete post...New rule to speed federal regulatory processes could ramp up interest in transportation P3s
Monday, June 11th, 2018The new rule, Private Investment Project Procedures (PIPP), which is scheduled to go into effect June 29, lines up with the administration’s goal of encouraging private investment in infrastructure projects nationwide. The President’s original infrastructure plan was for the federal government to invest $200 billion in order to encourage more than $1.5 trillion in investment revenue from other sources.
View this complete post...Alaska Looks to Invest in Infrastructure
Tuesday, June 5th, 2018As with many major proposals, the numbers don’t quite add up just yet. Walker wanted to make up the deficit by increasing taxes, but this idea was rejected by state lawmakers. Without the additional state funding though, Alaska will have to rely on help from the federal government. By supplying $280 million in state funds on its own, Alaska would receive $1.1 billion in matching funds from federal funding. Critics of the proposal note that Alaska is currently running out of savings, and faces a $2.4 billion deficit.
View this complete post...The Economic Cost of Failing to Modernize Public Transportation
Thursday, May 24th, 2018Failure to invest in public transportation infrastructure modernization, also referred to as State of Good Repair (SGR), over the next six years results in a loss of $340 billion in cumulative business sales from 2017-2023. This translates to a loss of $180 billion in cumulative gross national product (GNP) and a loss of $109 billion in household income.
View this complete post...America’s Infrastructure
Monday, May 14th, 2018Potholes, broadband expansion, crumbling bridges. Here we take a look at America’s infrastructure issues.
View this complete post...New name and a few changes for a federal transportation funding program
Monday, April 30th, 2018A lockbox containing $1.5 billion in federal funding for surface transportation projects has just opened up to communities across the United States. The funding comes from a new program called the Better Utilizing Investments to Leverage Development (BUILD) grant program. The announcement came this week from the U.S. Department of Transportation (USDOT). Any federal program that provides funding for transportation projects is great news to state and local officials. However, the same type of funding was previously available – just under another name. The new BUILD program is what the Trump administration calls an “enhanced” version of the former very popular TIGER (Transportation Investment Generating Economic Recovery) grant program. Translated, that means this is not really new funding.
View this complete post...County government – a critical component of America’s greatness
Monday, April 9th, 2018Who would have thought that counties invest more than $122 billion each year to build infrastructure and maintain and operate public works? Very few! That statistic however, comes straight from the National Association of Counties (NAC) so the numbers are real. The data validates the fact that county government is “big business” in America.
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