Tr 2 trillion project. The new US administration plans to invest heavily in infrastructure. A WKÖ Webinar on June 1, 2021 highlights opportunities for Austrian companies.
US President Joe Biden wants to renovate the country’s infrastructure in the coming years at a cost of $ 2 trillion (64 1.64 trillion) so that millions of jobs can be created – the “American Recovery Program”, the “American Employment Program” and the “American Families Program”.
- Transport and energy infrastructure needs to be modernized – including building bridges, building roads and expanding the power grid.
- Large sums have also been earmarked for digitalization, energy change and climate protection: there are plans to improve electromobility, set up charging stations, and expand wind and solar power.
According to the Austrian Chamber of Commerce (WKÖ), business opportunities are also emerging for non-American companies as part of these huge investments, which account for about 10 percent of the U.S. annual economic output.
Opportunities and Prerequisites
A webinar Center for Foreign Trade Washington Signs a deal with Biden’s billion-dollar project on June 1, 2021. It can take advantage of the possibilities to show Austrian companies how to position themselves at an early stage and show what restrictions can be imposed by the US administration’s rules on American purchases.
WK sees opportunities for Austrians in the fields of environmental engineering / green technologies and infrastructure. Al Gordon (CEO of National Strategies NSI) and Nasim Bussel, a business lawyer, will speak.