The InSight Minute: How You Can Track the Impact of Your IIJA Project
The Investment in Infrastructure and Jobs Act (IIJA) was passed at the beginning of 2022, but we are still in the early stages of this funding being available and for the various requirements to be more fully clarified. Yet, we know that among the key elements of the IIJA and its funding is to revitalize and build new infrastructure in numerous markets to strengthen communities across the country. Traditional projects like roads and airports top the list, but there is also funding for alternative energy and EV charging projects among many other areas.
No matter what type of project is being funded, there is a significant focus on demonstrating the impact of that project in the community where each project is happening. – By showing participation from local businesses and workers and providing good wages communities, governments and commercial partners may be afforded access to more funds or tax credits for the project. Many traditional infrastructure projects and general contractors currently track and report on this information, but with such an array of diverse projects, there are many that don’t have the process or tools in place to do this with efficiency and success.
For the past five years SkillSmart’s InSight software has been used to provide business tracking, supplier diversity, and workforce tracking to support large manufacturing projects, transit and highway infrastructure projects, supplier diversity in higher education, commercial real estate, and municipal jurisdictions. With superior technology that combines the ability to track numerous project goals and multiple projects in an easy-to-use platform, SkillSmart can help track the information that is needed to tell the story about how the community is growing stronger because of your project and the economic impact it is having, with the data to back it up. It shouldn’t be difficult to tell such a positive story and SkillSmart helps make the process as easy as possible.
For more on IIJA, visit our additional blog posts:
https://www.skillsmart.us/7-things-to-know-about-iija/
Want to get ahead of the funding and successfully set your firm up for collecting data, assessing insights, and taking actionable steps on IIJA projects? Contact the SkillSmart team to set up a demo of our software or to ask specific questions about how our software can provide a solution to the data and reporting challenges you are facing today.
