Someone asked me recently if public-private partnerships (P3s) are just a fad or a delivery method that will ultimately be the country’s future. There’s no doubt about the answer. Public-private partnerships are here to stay. The federal government, realizing that public funding alone cannot cover critical infrastructure needs, continues to provide funding incentives, tax credits, […]
Technology has altered the way individuals participate in work, travel, entertainment, and health care. It also has changed the way government provides services. Technology purchases of upgrades and enhancements are required, and that will not change. The value of the benefits that result far outweigh the cost. A study of new statewide budgets confirms that […]
In past years, economic development initiatives often required funding that governmental entities were not able to provide. Now, however, many projects to stimulate the economy are delivered through public-private partnerships (P3s) taking advantage of funding and tax incentives available through a federal program. The Department of the Treasury’s New Markets Tax Credit (NMTC) program provides […]
For generations of Americans, the interstate system has been an icon representing infrastructural achievement. However, over the decades, the network of roadways has faced continuous use and declining upkeep and maintenance. After decades, the skeletal fiber of infrastructure needs immediate attention and investment. Finally, there is funding to begin the process of upgrading the country’s […]
Public officials in government are asking difficult questions about how to deliver critical infrastructure projects. Their concern is real, and their questions are valid because the trend of delivering large projects through public-private partnerships (P3s) is becoming more compelling every day. Government leaders are feeling pressure to consider P3s as a new delivery method for […]
Climate change has been the cause of immeasurable damage over the last few decades, and there is no end in sight. In addition to the tragic loss of lives, natural disasters have impacted at least some part of the infrastructure in every region of the country. To halt the devastation, the federal government has allocated massive amounts of funding […]
As students file out of classrooms for summer break, school campuses will become the epicenter for an abundance of seasonal construction projects. This summer the projects are likely to be large. School officials were recently notified that the federal government has now made another $500 million grant program available to school campuses. This most recent […]