At the White House on Monday, President Biden signed a $1T bipartisan infrastructure bill set to enable enhancements for transportation and utilities over the next five years.1
Over those five years, $550 billion will be invested into both the physical infrastructure of the nation (roads, highways, and rail) as well as bringing broadband internet to areas it hasn’t been previously available.1
The bill will also create jobs in many parts of the country. Projects ranging from replacing lead pipes in water systems and upgrades to bridges will now move from the planning stages, and into the real world.1
As usual, large government programs mean money for private concerns as contractors place bids and get hired for these projects. You may have questions about how these infrastructure projects might affect your overall financial strategy. I’d be happy to make time to discuss your questions and concerns as these projects break ground.
Jason P. Berube is the Founder and CEO of Cornerstone Wealth Consulting Services, LLC in the Boston area. He specializes in helping contractors build wealth and protect their family business for generational growth.
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