Investing for Impact Resource Guide

WHY GEORGIA?

Senator Jon Ossoff U.S. Senator for Georgia Atlanta’s Southside must aggressively compete for its share of this massive capital expenditure. This is key to our future prosperity! To take full advantage of all the opportunities available it is imperative for public officials and Southside community leaders to understand how this funding is allocated, as well as what kinds of resources are available and eligibility requirements. To ensure that Southside leaders have access to this vital information, HBCU Green Fund and Georgia STAND-UP and are sponsoring a convening of key Southside stakeholders. Almost three years ago, Congress passed legislation to put the nation on the path to a zero-carbon economy as it rebuilds communities impacted by the pandemic. The Bipartisan Infrastructure Law and Inflation Reduction Act will release $1.2 trillion in federal dollars over the next 10 years, leveraging an expected $4 trillion in additional private investment. An executive order attached to the legislation mandates that 40% of the benefits from this massive capital spending program go to communities historically excluded from federal infrastructure and economic stimulus programs. This is an unprecedented opportunity for African American communities to create wealth-building assets such as affordable housing and to launch new business ventures aligned with the global zero-carbon future. Specifically, it is an opportunity to infuse Atlanta’s Southside communities with cutting edge technologies such as solar energy, EV charging stations, and high-speed internet, ensuring that we share in the transition to a built environment that is both equitable and climate resilient.

Senator Jon Ossoff U.S. Senator for Georgia

Senator Raphael Warnock U.S. Senator for Georgia

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