Investing for Impact Resource Guide

Rebuilding Georgia’s Infrastructure: Thanks to President Biden’s economic plan, about $5 billion in federal funding has already been announced for 177 infrastructure projects across Georgia. That includes $4.2 billion in federal investments to fund transportation projects – roads, bridges, and roadway safety – and over $213 million for better access to clean water. For example: The City of Atlanta was awarded funding to study infrastructure upgrades to reconnect north Downtown Atlanta neighborhoods and to begin a project to construct a park over Interstates 75 and 85. The County of Athens-Clarke was awarded $25 million to make street improvements along North Avenue, which connects low-income communities to Downtown Athens. The Department of Agriculture invested $13 million in Radium Springs to reduce the impact of flooding through the Radium Springs Watershed project through the Natural Resources and Conservation Service. The Metropolitan Atlanta Rapid Transit Authority received $19 million to purchase electric buses and charging equipment, improving air quality and bolstering the transit workforce through a 2- year apprenticeship program. Getting Georgia Back to Work and Supporting Georgia’s Small Businesses: At the start of 2021, the Georgia unemployment rate was 4.8% and many small businesses had closed. Today, Georgia's unemployment rate has dropped to 3.1% with 380,000 jobs created since the President took office. Meanwhile, the number of new Georgia business filings have hit new records, with 600,000 new business applications filed over 2021 and 2022. Emergency relief from the Biden- Harris Administration during the pandemic helped to keep open 2,654 restaurants and bars and 3,870 child care programs across Georgia, and is providing up to $200 million in funding to make new loans and investments in its small businesses through the State Small Business Credit Initiative. Creating Clean-Energy Jobs and Combatting the Climate Crisis: President Biden’s Investing in America agenda is delivering a clean, secure, and healthy future for Georgia families by: Expanding electric vehicle opportunities, with millions of people in Georgia eligible for discounts on new or used EVs through the Inflation Reduction Act, which will be supported by networks of EV chargers across the state funded by the Bipartisan Infrastructure Law. Protecting Georgia against extreme weather, with historic investments for more resilient homes, businesses, and communities. In the last decade, Georgia has experienced 48 major extreme weather events, costing the state up to $14 billion in damages and often disproportionately affecting historically underserved communities. Supporting rural communities, by investing in climate-smart agriculture practices to help Georgia's 41,300 farmers lead on climate solutions, and helping electric cooperatives that deliver cleaner and cheaper power to 2.1 million Georgia homes and businesses.

As of March 2023

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