The Infrastructure Investment and Jobs Act (IIJA) of 2021 (P.L. 117-58), commonly known as the Bipartisan Infrastructure Law, will provide $973 billion in funding over the next five years from fiscal years 2022 through 2026.
There are a growing number of government grants and other funding programs to support small businesses. Some come in the form of stimulus funding through the American Rescue Plan Act, others are state grants to help businesses export products to overseas markets, and there are the well-known federal programs that fund small business innovation and research.
To address the gap in revenue and shore up “on the ground” services, the American Rescue Plan Act of 2021 allocates $350 billion in emergency funding directly to each eligible state, county, city, territorial, and Tribal government and to non-entitlement units of local government.
The U.S. Department of the Treasury (Treasury Department) is responsible for administering over $1 trillion of American Rescue Plan (2021) funds.