The Biden administration has allocated more than $1 trillion to various infrastructure projects, from EV charging and broadband to traditional bridges and roads. For many of these initiatives, the federal funding is only meant to be a catalyst. A great deal of private financing will also be necessary, creating myriad opportunities for banks across the country, this article explains. To get a slice of the action, it advises community bankers to stay informed about new projects, reach out to qualified government contractors, and educate customers about incentives and programs.
Are you seeing more infrastructure-related opportunities in your area? How are you positioning your institution to assist C&I customers and contractors? Any tips or suggestions for the group?
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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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