Nestled in the $1.2 trillion Infrastructure Investment and Jobs Act among the hundreds of billions dedicated to road improvements, dam repairs, clean energy credits and more is a relatively small sum of money — $100 million — dedicated to construction technology.
The money will be disbursed over the course of five years, in $20 million-per-year increments. Contech advocates lauded the funding as a testament to the importance of technology in the construction space. The necessity has also been recognized by investors, who are pouring record amounts of money into the sector.
