1、Public Sector PracticeInclusive infrastructure investment:How to empower communities With more than$2 trillion in federal funding entering the US economy,three steps can help governments meet the needs of communities previously excluded from federal funding implementation decisions.September 2023Thi

2、s article is a collaborative effort by Henry Feldman,Danielle Hinton,Adi Kumar,Nehal Mehta,and Kunal Modi,representing views from McKinseys Public Sector Practice.Inclusive infrastructure investment:How to empower communities Since November 2021,Congress has passed three landmark investment billsthe

3、 Bipartisan Infrastructure Law(BIL),the Inflation Reduction Act(IRA),and the CHIPS and Science Act(CHIPS)directing more than$2 trillion in investment to bolster physical infrastructure,promote innovation and economic competitiveness,and shore up the domestic industrial base.1 This suite of legislati

4、on also aims to redress long-standing inequalities by laying a stronger foundation for sustainable and inclusive growth.Two of these laws in particularthe BIL and the IRApresent a unique opportunity for public leaders to adopt a customer-centric approach to infrastructure strategy to ensure that com

5、munities and other stakeholders that historically had little to no say over large-scale projects are included in decision making and empowered to pursue funding opportunities.While the BIL allocates a majority of its funding by applying a fixed formula,the law is distinct from past investments in th

6、at roughly 40 percent of all net new grant funding opportunities are available through competitive application processes.2 These competitive opportunities encompass more than$180 billion in available grant moneya resource pool that can empower state and local governments to develop infrastructure st