Today the Biden administration unveiled the American Jobs Plan. The American Jobs Plan is an investment in America that will create millions of good jobs, rebuild our country’s infrastructure, and position the United States to out-compete China.
As reported by Axios, some of the initial spending will include:
- $621 billion for standard physical infrastructure such as building roads and bridges and modernizing public transit.
- $100 billion for expanding broadband internet access, and another $100 billion to update the country’s electric grid, a need whose urgency was highlighted by the blackouts in Texas this winter.
- $213 billion for addressing economic inequality by modernizing buildings such as schools and VA hospitals. That spending would mobilize union trade workers to upgrade buildings, with a specific focus on underserved communities.
- $400 billion in “care infrastructure” that would expand access to home or community care for people with aging relatives, or those with disabilities.
- $100 billion for workforce development targeted at low-income and underserved communities.
- The president also will call on Congress to significantly ramp up the use of electric vehicles and charging stations for both civilians and the government, including electrifying school buses and the U.S. Postal Service’s fleet.
You can read the full release here.
You can read a 2-page summary of the plan provided by Beverage & Diamond here
The American Jobs Plan will undoubtedly have an enormous impact on the cleantech sector and is going to have massive implications for CleanTech Alliance members so we will be following it closely and keeping our members informed as the legislation develops.