The bi-partisan infrastructure package is a big deal and should be seen as a first step to something greater. People might not realize it but it provides an opportunity/gateway to move into a new platform of economic development (See Economic Platforms). Our world is radically changing and in less than 100 years we will likely experience a very different world with miniaturization, digitization and eco-sustaining technologies in full performance. Basic infrastructure that focuses on the underlining transactional costs/activities improves upon a much wider net of development (i.e. why the Internet produced such global value. See $2.1 Trillion Econ Contribution Internet 2018 and US Economic Growth Information Age)
One of the reasons why basic infrastructure development improves industry-wide performance is because of subfactors that creates more efficient and cheaper transactions that leads to general multi-industry performance improvement (See Transactional Sub Factor Delta County Model). That in turn, improves upon shipping of which places like Escanaba/Gladstone in Delta County Michigan may find themselves of benefit of economic shifts toward the Great Lakes (We will wait and see. See Delta County Shipping Infrastructure).
I'm working on a transactional cluster theory of which technology development will be a big part of our economic development (See Transactional Clusters) match with a modern tax structure can lead to greater innovative growth and incentivizing companies investing back in the U.S. to gain access to infrastructure and developmental opportunities that come from being at the center of development (see Unfinished Calibrated Tax Structure).
Great Lakes Infrastructure HighlightsAn Article in the Detroit News (Its actually a pretty good paper. I used to read it regularly 😁)entitled 'What's in Senate infrastructure bill for Michigan, Great Lakes, EVs' by Riley Beggin and Mlissa Nann Burke outlines some of the key concepts that would impact the U.P. and our waterways.......
-$1 billion for the federal Great Lakes cleanup program
-The funding for the Great Lakes Restoration Initiative would be released over five years, starting in fiscal year 2022
-$451 million for the National Oceanic and Atmospheric Administration for contracts and projects to restore Great Lakes, marine or coastal ecosystem habitats or for projects to protect coastal communities from flooding or coastal storms.
-The Senate package also includes $10 billion to aid in the cleanup of certain toxic per- and polyfluoroalkyl (PFAS) chemicals, including $4 billion to help drinking water utilities remove the chemicals from water supplies or to connect well owners to local systems.
The United States built modern aviation, but our airports lag far behind our competitors. According to some rankings, no U.S. airports rank in the top 25 of airports worldwide. Our ports and waterways need repair and reimagination too. The bill invests $17 billion in port infrastructure and $25 billion in airports to address repair and maintenance backlogs, reduce congestion and emissions near ports and airports, and drive electrification and other low-carbon technologies. Modern, resilient, and sustainable port, airport, and freight infrastructure will support U.S. competitiveness by removing bottlenecks and expediting commerce and reduce the environmental impact on neighboring communities.
Broadband internet is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected. Yet, by one definition, more than 30 million Americans live in areas where there is no broadband infrastructure that provides minimally acceptable speeds – a particular problem in rural communities throughout the country. The deal’s $65 billion investment ensures every American has access to reliable high-speed internet with an historic investment in broadband infrastructure deployment, just as the federal government made a historic effort to provide electricity to every American nearly one hundred years ago.
The bill will also help lower prices for internet service by requiring funding recipients to offer a low-cost affordable plan, by creating price transparency and helping families comparison shop, and by boosting competition in areas where existing providers aren’t providing adequate service. It will also help close the digital divide by passing the Digital Equity Act, ending digital redlining, and creating a permanent program to help more low-income households access the internet.
As the recent Texas power outages demonstrated, our aging electric grid needs urgent modernization. A Department of Energy study found that power outages cost the U.S. economy up to $70 billion annually. The deal’s $73 billion investment is the single largest investment in clean energy transmission in American history. It upgrades our power infrastructure, including by building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewable energy. It creates a new Grid Deployment Authority, invests in research and development for advanced transmission and electricity distribution technologies, and promotes smart grid technologies that deliver flexibility and resilience. It invests in demonstration projects and research hubs for next generation technologies like advanced nuclear reactors, carbon capture, and clean hydrogen.
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