White House announces $14 billion investment in America's ports and waterway infrastructure

Trade © National Marine Manufacturers Association

The White House announced this week it will invest more than $14 billion in funding from the bipartisan Infrastructure Investment and Jobs act, signed into law in November of last year, in fiscal year 2022 for over 500 projects across 52 states and territories.

This investment will allow for the U.S. Army Corps of Engineers (USACE) to increase climate resiliency measures and make long overdue improvements at ports and waterways, while addressing supply chain issues that have hindered manufacturers across an array of industries, including marine manufacturing.

Further, this investment will improve boating access and water quality across the states. Key investments in this week's announcement include:

• More than $1 billion for South Florida Ecosystem Restoration program, marking the largest single investment in U.S. history to restore, protect, and revitalize the Everglades and increase its resiliency to the effects of climate change.