President Biden Signs Historic $1.2T Bipartisan Infrastructure Bill
St. Louis Metro Is Prepared to Compete.
President Biden signed into law today the historic bipartisan Infrastructure Investment and Jobs Act. The $1.2 trillion infrastructure bill has the potential to change the economic trajectory of the St. Louis region — and Greater St. Louis, Inc. is prepared to compete to win.
The infrastructure bill, which does not increase taxes or change current tax law, makes a record investment in our nation’s physical infrastructure, including roads and bridges, rail and transit, ports and waterways, airports, broadband, the electric grid, and clean water and drinking water infrastructure. St. Louis already has a sector advantage — with our unique central location and geography positioning us as a leader in transportation and logistics — that benefits related industry clusters and subsectors like advanced manufacturing, defense, warehousing and distribution.
An influx of billions of dollars to Missouri and Illinois will grow jobs and position the bistate St. Louis region as a global hub for the next century. The STL 2030 Jobs Plan has helped us prepare for the possibility of federal investment, and because of it, we are ready to compete.
Together, we can secure this funding and grow our region. It will require tremendous focus and collaboration over many years.
Greater St. Louis, Inc.’s public policy initiative ChamberSTL has authored a brief outlining the infrastructure bill and its benefits for our region. Download it via the link below.