A bipartisan group of 10 senators announced Thursdaythey have reached a deal on a $1.2 trillion infrastructure package, the most significant development yet in negotiations over a key priority of the Biden administration, but it still faces serious obstacles from skeptics in both parties.
“Our group — comprised of 10 Senators, 5 from each party — has worked in good faith and reached a bipartisan agreement on a realistic, compromise framework to modernize our nation’s infrastructure and energy technologies. This investment would be fully paid for and not include tax increases,” the senators said in a joint statement. Read more here.
Featured Individual Quotation On Infrastructure “We have been talking about this for over a decade, and our decaying infrastructure cannot wait much longer. We need to reach across the aisle, find consensus and solve a big challenge facing our country — now.” U.S. Congressman Don Bacon, Representing Nebraska’s 2nd District
One hundred years ago, the thriving Black community of Greenwood in Tulsa, Oklahoma, known as “Black Wall Street,” was ruthlessly attacked by a violent white supremacist mob. An estimated 300 Black Americans were killed and another 10,000 were left destitute and homeless.
The destruction wrought on the Greenwood neighborhood and its families was followed by laws and policies that made recovery nearly impossible. The streets were redlined, locking Black Tulsans out of homeownership and access to credit. Federal highways built through the heart of Greenwood cut off families and businesses from economic opportunity. And chronic disinvestment by the federal government in Black entrepreneurs and small businesses denied Black Wall Street a fair shot at rebuilding. These are the stories of Greenwood, but they have echoes in countless Black communities across the country.Continue reading here.
DOE releases interactive tool for tracking microgrids installed throughout the U.S., American Public Power Association. Microgrids improve resilience by allowing critical facilities to continue operating in the event of a utility-grid outage. For manufacturers and industrial facilities, microgrids can also help ensure delivery of the high-quality, reliable electricity necessary to maintain today’s increasingly digitized operations, DOE said.
‘Smart grids are vital’ – Schneider Electric’s Gary Lawrence,Smart Energy International “Smart grids are vital because they support tomorrow’s electricity-dependent world,” says Gary Lawrence, Power and Grid Segment President at Schneider Electric. As part of Eurelectric’s Power Summit and Smart Energy International‘s 25th birthday, Lawrence shares his thoughts on what he believes to be the most significant developments in the energy sector in the past 25 years and what is ahead of us.
The President’s American Jobs Plan is a historic public investment – consisting principally of one-time capital investments in our nation’s productivity and long-term growth. It will invest about 1 percent of GDP per year over eight years to upgrade our nation’s infrastructure, revitalize manufacturing, invest in basic research and science, shore up supply chains, and solidify our care infrastructure. These are investments that leading economists agree will give Americans good jobs now and will pay off for future generations by leaving the country more competitive and our communities stronger. In total, the plan will invest about $2 trillion this decade. If passed alongside President Biden’s Made in America corporate tax plan, it will be fully paid for within the next 15 years and reduce deficits in the years after. Read more here.