Scarinci Hollenbeck, LLC, LLCScarinci Hollenbeck, LLC, LLC

Firm Insights

How Will New Jersey Benefit from the Landmark Infrastructure Bill?

Author: John M. Scagnelli

Date: November 19, 2021

Key Contacts

Back
How Will New Jersey Benefit from the Landmark Infrastructure Bill?

New Jersey is poised to reap significant benefits from the landmark $1.2 trillion infrastructure bill signed into law by President Joe Biden...

New Jersey is poised to reap significant benefits from the landmark $1.2 trillion infrastructure bill signed into law by President Joe Biden. The increased federal funding is good news for New Jersey residents who must contend with the state’s aging transit and other infrastructure throughout their daily lives. It will also provide tremendous opportunities for New Jersey businesses, including developers, engineers, environmental service providers, and construction companies.

Infrastructure Investment and Jobs Act

The bipartisan Infrastructure Investment and Jobs Act (H.R. 3684) aims to make historic investments in the nation’s roads, bridges, ports, and rail transit. It also contains significant funding for safe water, the electric grid, high-speed internet, and environmental remediation. After months of negotiation, the massive spending bill cleared the House by a vote of 228-206 on November 5, 2021. Just over a week later, President Joe Biden signed it into law.

Now that the infrastructure bill is law, federal agencies like the Department of Transportation, the Department of Energy, and the Environmental Protection Agency will be tasked with implementing it. The federal agencies will need to develop new programs and revamp existing ones, as well as draft the rules and regulations to govern them. Given that they own or operate a large share of the country’s infrastructure, state agencies and local municipalities will also play a major role in the rollout, which will include allocating funding and executing needed infrastructure projects.

New Jersey’s Funding Under Infrastructure Bill

Under the bipartisan Infrastructure Investment and Jobs Act, New Jersey will receive an estimated $12.31 billion in guaranteed transportation and transit funding formula dollars over the next five years. The state will also receive a minimum of $100 million to expand broadband internet access.

“As President Biden signs the Infrastructure Investment and Jobs Act into law today, New Jerseyans can expect to see billions of dollars for our state’s infrastructure – from repairing roads and bridges to replacing lead pipes and cleaning Superfund Sites, and advancing the Gateway Project,” Sen. Cory Booker said in a press statement outlining New Jersey’s share of the infrastructure funding. “In addition to funding critical infrastructure projects, these investments will also enhance our nation’s competitiveness and position our economy for continued growth by putting more Americans to work. I am proud to join Senator Menendez to highlight just one of many projects throughout New Jersey that stand to benefit from this historic legislation.”

Below is brief summary of the infrastructure funding New Jersey can expect to receive:

Transportation

  • Highways/Roads: $6,883,719,399
  • Bridges: $1,146,780,115
  • Electric Vehicles: $104,373,268       
  • Ferry Service: $24,407,410

Transit

  • Total: $4,154,648,806
  • FY21: $626,068,511
  • FY22: $792,674,692
  • FY23: $809,730,546
  • FY24: $831,558,775
  • FY25: $849,219,308
  • FY26: $871,465,485

Broadband

  • $100,000,000 (min.)

The Infrastructure Investment and Jobs Act also includes additional infrastructure funding for federal programs that will benefit New Jersey, namely:

Gateway Project

  • Amtrak’s Northeast Corridor (NEC): $30,000,000,000
  • Capital Improvement Grants: Supplemental appropriation of $8,000,000,000 and annual authorization of $3,000,000,000

Airports (Funding is national over the next five years)

  • Airport Infrastructure Grants: $15,000,000,000
  • Airport Terminal Program:  $5,000,000,000

Water Infrastructure (Funding is national over the next five years)

  • Drinking Water State Revolving Funds: $15,000,000,000  
  • Clean Water State Revolving Funds: $11,700,000,000
  • Lead Contamination in Schools: $200,000,000
  • PFAS Contamination Remediation: $10,000,000,000

Superfund/Brownfields

  • $5,000,000,000 (While funding is national, New Jersey has the most Superfund sites in the nation)

Flood Resiliency (Funding is national over the next five years)

  • Flood Mitigation Assistance Grants: $3,500,000,000

Weatherization Assistance (To reduce energy costs for homeowners)

  • $3,500,000,000

Cybersecurity (To modernize and enhance our nation’s cybersecurity capabilities)

  • $2,000,000,000

How Scarinci Hollenbeck Can Help

With the ability to draw on the knowledge and experience of attorneys from a wide range of practice areas, Scarinci Hollenbeck is uniquely poised to help New Jersey businesses reap the benefits of the Infrastructure Investment and Jobs Act. Whether you need assistance securing project funding, pursuing investment opportunities, navigating the permitting process, executing legal agreements, or anything in between, we are here to help.

If you have questions, please contact us

If you have any questions or if you would like to discuss the matter further, please contact me, John Scagnelli, or the Scarinci Hollenbeck attorney with whom you work, at 201-896-4100.

No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

Scarinci Hollenbeck, LLC, LLC

Related Posts

See all
The Current Administration's Proposals for the Financial Services and Banking Industries Will Affect Your Business post image

The Current Administration's Proposals for the Financial Services and Banking Industries Will Affect Your Business

Since his inauguration two months ago, Donald Trump’s administration and the Congress it controls have indicated important upcoming policy changes. These changes will impact financial services policies and priorities. The changes will particularly affect cryptocurrency, as well as banking rules and regulations. Key Regulatory Changes in Cryptocurrency For example, in the burgeoning cryptocurrency business environment, […]

Author: Dan Brecher

Link to post with title - "The Current Administration's Proposals for the Financial Services and Banking Industries Will Affect Your Business"
Tips for Commercial Landlords Impacted by Wave of Retailer Bankruptcies Part 1 post image

Tips for Commercial Landlords Impacted by Wave of Retailer Bankruptcies Part 1

The retail sector has experienced a wave of bankruptcy filings over the last year. Brick-and-mortar businesses in financial distress include big-name brands like Big Lots, Party City, The Container Store, and Vitamin Shoppe. When large retailers seek bankruptcy protection, they are not the only businesses impacted. Landlords can be particularly hard hit. While commercial landlords […]

Author: Brian D. Spector

Link to post with title - "Tips for Commercial Landlords Impacted by Wave of Retailer Bankruptcies Part 1"
How Understanding Bankruptcy Trends Can Benefit Your Business post image

How Understanding Bankruptcy Trends Can Benefit Your Business

The bankruptcy legal landscape presents both challenges and opportunities for businesses navigating financial distress. Understanding current bankruptcy trends can help businesses make more informed and strategic decisions. Corporate Bankruptcy Filings Trending Upwards Bankruptcy filings continued to trend upwards in 2024. According to statistics released by the Administrative Office of the U.S. Courts, personal and business […]

Author: Brian D. Spector

Link to post with title - "How Understanding Bankruptcy Trends Can Benefit Your Business"
SEC Takes Actions Against Issuers for Failure to File Form D post image

SEC Takes Actions Against Issuers for Failure to File Form D

In December, the U.S. Securities and Exchange Commission (SEC) announced charges against two privately held companies for failing to file a Form D notice, which is generally utilized for exempt securities offerings. Here, the SEC’s enforcement sends a strong message: compliance with regulatory requirements is not optional and failure to comply can have significant consequences. […]

Author: Kenneth C. Oh

Link to post with title - "SEC Takes Actions Against Issuers for Failure to File Form D"
Redefining Labor Relations: NLRB's Pivot from Abruzzo’s Memoranda post image

Redefining Labor Relations: NLRB's Pivot from Abruzzo’s Memoranda

On February 14, 2025, the Office of General Counsel (OGC) of the National Labor Relations Board (NLRB) under Acting General Counsel William B. Cowen issued Memorandum 25-05, “New Process for More Efficient, Effective, Accessible and Transparent Case handling.” The Memorandum rescinds nearly all of the Memoranda issued by his direct predecessor, Jennifer Abruzzo, setting the […]

Author: Matthew F. Mimnaugh

Link to post with title - "Redefining Labor Relations: NLRB's Pivot from Abruzzo’s Memoranda"
What Are FIRPTA Withholding Requirements? post image

What Are FIRPTA Withholding Requirements?

If you purchase real property from a foreign person or entity, you may be required to withhold taxes from your payment to the seller under the Foreign Investment in Real Property Tax Act (FIRPTA). The federal tax law is designed to ensure that foreign sellers pay any applicable capital gains tax on profits realized from […]

Author: Jesse M. Dimitro

Link to post with title - "What Are FIRPTA Withholding Requirements?"

No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

Sign up to get the latest from our attorneys!

Explore What Matters Most to You.

Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.

Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.

Let`s get in touch!

* The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!

Please select a category(s) below: