John Hennessy III,
P.E.
Developing nations aren’t the only ones with poor infrastructure. Across the U.S., examples of citizens, government officials and the press criticizing the condition of their roads and bridges, airports, schools or other infrastructure are easy to find. This should come as no surprise, says Scott Pattison, CEO of the U.S. National Governors Association (NGA), “because as a nation, we are critically underinvesting in our infrastructure.”
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Over the last decade, it has become increasingly clear that America’s infrastructure requires a significant upgrade. Roads, highways, bridges and tunnels have decayed and deteriorated—sometimes to the point of catastrophic failure. Yet, with tax dollars limited and funding for projects largely declining, finding a way out of the mess has been extraordinarily difficult.
“It has put the spotlight on public-private partnerships,” states Lee Weintraub, chair of public-private partnerships and vice chair of construction, law and litigation at Becker & Poliakoff.
View this complete post...When the Hurricane Harvey federal disaster relief funding spigot finally opens in Washington, D.C., Texas cities and counties with recovery projects – some of which will be mega-million dollar projects – are hopeful their projects will be among those funded. And when the funding starts flowing, contracting opportunities will be abundant. Private-sector firms throughout the country willing to bring their experience and resources to the Texas Gulf Coast will be called on to contract with public-sector entities to help with the rebuilding of Texas.
View this complete post...Written by Mary Scott Nabers President and CEO, Strategic Partnerships Inc. Startup companies of all types are hot topics today. They excite investors because some offer great revenue potential. The media loves to write about them and economic development organizations try to attract them because of the jobs they create. Small businesses are the backbone […]
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Our systems and services in infrastructure are pretty compromised right now, especially in areas that have been subject to extreme weather events. But even if they haven’t, we’ve got a lot of infrastructure that, frankly, is falling apart. We haven’t done a good job of maintaining it, and we don’t have enough resources to maintain or resuscitate that infrastructure. So the reason this is important is because it creates a path for being able to address that issue. To create the type of infrastructure that we need to provide energy security, safe drinking water, reliable transportation, all the services and needs we have from our day to day infrastructure that we aren’t receiving right now through our public sector.
View this complete post...Just a week ago, the president started walking back his often-stated commitment to use $200 billion in federal funding to leverage another $800 billion in private capital and other non-federal funds for an infrastructure plan. Word from the Beltway this week is that a new “outline of principles” for an infrastructure plan will be forthcoming from the Trump administration, possibly in the next week or so.
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Written by Mary Scott Nabers President and CEO, Strategic Partnerships Inc. Hurricanes Harvey and Irma made an indelible mark on the U.S. Gulf Coast. The back-to-back storms ravaged the Texas and Florida coasts in late August and early September and left behind a wide swath of damage and destruction that will take years to restore […]
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ENVIRONMENTAL DEFENSE FUND EDF + BUSINESS Executive Summary Communities throughout the United States are facing unprecedented infrastructure challenges including compromised energy, water, and transportation systems. This is more than just a matter of inconvenience. Unless addressed, decades of neglect and lack of investment will result in loss of business sales, reduced jobs and wages, and […]
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In 2016, about $88.9 billion was spent in educational construction work in the United States. That’s the largest year-over-year dollar value increase since 2008. And with enrollments increasing in classrooms in Pre-K to post-secondary public schools and colleges and universities, that trend is expected to continue, creating thousands of contracting opportunities for private-sector firms.
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Construction, machinery, building products and engineering firms will be in high demand. Following Hurricane Katrina alone, a $100 million emergency FEMA contract was awarded to a construction and engineering firm for housing management and construction. Another similar firm also earned a $100 million contract to provide temporary housing and communications tools to hurricane victims. And a $30.9 million contract was awarded for repair of a bridge on Interstate 10.
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