BLDUP Newsletter

Infrastructure Investments Will Create New Jobs & Energize The Construction Industry 11/18/21

jm infrastructure

By Matthew Guarracino, Principal & CEO, JM Electrical, Inc.

Infrastructure dollars will have a major impact on the construction industry in Massachusetts, creating new, good-paying jobs and stimulating economic growth. These transformational projects reflect the largest investment in our country’s rapidly deteriorating infrastructure in decades.

According to the White House, Massachusetts currently has 472 bridges and more than 1,194 miles of highway in poor condition, costing drivers significant amounts of time and money each year. With a $5 billion budget, crews across the Bay State will significantly upgrade our physical infrastructure by repairing and improving aging roads, bridges, and highways. After years of underfunding, the myriad benefits of this infusion of cash will be clear, measurable, and long-lasting. 

In addition, funds will be allocated for the modernization of public transportation, making the system more efficient, climate resilient and accessible to riders. Further, these repairs will help reduce rising commuting times and prevent excessive wear and tear on automobiles. Local transportation advocates are suggesting a number of high-profile priorities, including rebuilding the Massachusetts Turnpike in Allston and linking the Red Line to the Blue Line, in addition to electrifying bus fleets and the commuter rail system. Right now, nearly a quarter of buses and public transit vehicles in the Commonwealth are no longer useful, so $2.5 billion in funding will increase transit options.

For those whose travels take them out of state, Logan Airport, along with its terminals and runways— which sit on an expansive 1,700-acre parcel— will also benefit from nearly a quarter of a billion dollars.

We’ve all read the stories about cities and towns grappling with poor water quality. Thankfully, monies to underwrite the replacement of dangerous lead pipes, an essential repair that will provide our citizens with safe, clean drinking water, are included in the infrastructure bill. 

To further help combat climate change, $3 billion will be allocated to help weatherize houses and other buildings which will lead to lower energy costs, an increase in property values, reduced pollution, and enhanced comfort. 

Additionally, a $63 million investment will expand the availability of electrical charging stations which help reduce reliance on fossil fuels and decrease emissions which are harmful to human health. Through our work at client headquarters and parking facilities, we have seen first-hand, an increased interest in, reliance on and a demand for electrical charging stations.

And in terms of high-speed Internet coverage, broadband will be expanded for the almost 140,000 Massachusetts residents who currently lack access. Meanwhile, millions are being allotted to protect against cyberattacks that can cause major disruptions.

In short, this legislation represents a robust local investment in critical infrastructure needs across the state. At JM Electrical, we are excited about prospects for the regional construction industry with this unprecedented support of diverse building, energy, transportation, water/sewer, and high-speed broadband projects.

Moody’s Investors Service has reported that construction spending could see a 5% increase in 2022 and a 5.5% increase in 2023. If that spending trickles down to the Commonwealth, our historic construction boom could be sustained well into the immediate future.

Contributor Bio

jm logo

JM Electrical Co., Inc. was established over 30 years ago by Paul A. Guarracino who wanted to provide the highest level of quality service to the commercial electrical contracting market. Over the years, this commitment to service along with highly experienced and dedicated personnel has allowed our company to grow its customer base and make significant contributions to major projects in the Greater Boston area.

Today, JM Electrical enjoys a reputation as an industry leader in installing building automation systems and HVAC controls. JM Electrical possesses the technical expertise to assist our customers in executing all projects from selection to installation of the most sophisticated and cost-effective building management systems.

JM Electrical Company, Inc. >>

Related Thought Leaders

Jan 20, 2019
Boston continues to experience its largest building boom in years. Accor...
Feb 26, 2019
According to the Congressional Budget Office, the five-week shutdown too...
Mar 21, 2019
The Green New Deal, is a popular topic of discussion which was recently ...
Jul 22, 2019
Investing in employees through education and training helps ensure conti...
Jul 19, 2018
As the summer heats up, many New England residents find themselves retre...
Oct 24, 2019
As technology continues to improve, the systems being installed continue...
Nov 15, 2019
Earlier this month, the City of Boston announced it had reached a major ...
Jul 25, 2017
Earlier this summer, Governor Baker doubled down on the state’s tremendo...
Dec 15, 2019
Winter is here, which means two things for New Englanders, cold and (fre...
Apr 20, 2018
At nearly 1,000 acres, and with $18 billion in public money invested, Bo...
Aug 21, 2017
As the Boston Globe recently observed, the awarding of the 2028 Olympics...
Mar 22, 2018
Colleges and universities around the country are working with a new bree...
Feb 21, 2018
A recent study conducted by Harvard reaffirmed the positive impact that ...
Aug 21, 2018
Recently, Boston Magazine published an article touting the best building...
Oct 16, 2018
Fall is officially upon us, bringing colorful leaves, cooler weather and...
Feb 20, 2020
According to a recent study from ArtsBoston, our region’s arts and cultu...
Nov 27, 2018
As one of the oldest cities in the United States, Boston has been home t...
Apr 16, 2019
With the latest uptick in building and development, it’s never been more...
May 19, 2019
The construction industry has one of the highest rates of substance abus...
Jun 23, 2019
  As visitors walk the trail, they will also come across many bold, new...
Mar 26, 2020
Over the years, JM Electrical has maintained a strong partnership with t...
Aug 20, 2019
Here’s a glimpse at some of the most exciting projects and building tren...
Oct 19, 2017
The last time you were stuck in traffic, you probably wondered if conges...
Sep 13, 2019
Here are a few recent projects we think embody the modern revitalization...
Apr 19, 2020
At JM Electrical, supporting the community has always been a part of our...
Jan 22, 2020
2020 is here, which means a new chapter in Boston’s development boom is ...
Jun 21, 2018
Recently, US News World Report reported that Boston was named the top su...
May 15, 2020
Since working remotely during the pandemic represents a big change for m...
Jun 16, 2020
Over the last several months, Massachusetts cities and towns have adjust...
Jan 03, 2018
After several years of what is possibly the biggest building boom in th...
Sep 24, 2017
The ongoing growth of the Boston development market has spurred an incre...
Jan 30, 2018
As Boston experiences its biggest building boom in decades, public space...
Nov 16, 2017
For years, building sports stadiums – particularly in urban areas – has ...
Jul 10, 2017
Recently, the state Department of Public Safety (DPS) announced that it ...
May 11, 2018
Amazon's enhanced presence in Greater Boston and the possibility it will...
Jun 21, 2017
As housing prices skyrocket and more and more neighborhoods become gentr...
Apr 14, 2017
Many millennials and other young people walking through Somerville’s vib...
Sep 21, 2018
According to recent studies from U.S. World News and Report and Ladders,...
Dec 18, 2018
The holiday season is in full swing, and according to a recent sales for...
Jul 21, 2020
The need for smart parking options is especially crucial now as public t...
Aug 21, 2020
The coronavirus pandemic could signal a renewed shift in both the approa...
Sep 20, 2020
Each year, as summer ends and fall begins, we pause to recognize the Ame...
Oct 21, 2020
From education to culture, when it comes to design, Boston casts a long ...
Nov 19, 2020
Massachusetts continues to play a significant role in the history of Ame...
Jan 19, 2021
While 2020 was a tumultuous year for the Greater Boston economy, our reg...
Dec 16, 2020
As a company specializing in advanced electrical construction work and i...
Feb 25, 2021
Like many nonprofits, the cultural community has been hard hit by the pa...
Mar 25, 2021
As 2021 gets underway, Greater Boston remains at a crossroads, with loca...
Apr 22, 2021
The opening of restaurants and retail—two sectors especially hard-hit by...
May 20, 2021
At JME, we remain committed to contributing to a sustainable future with...
Jun 23, 2021
At long last, Swan Boats ferrying locals and tourists can be seen glidin...
Jul 20, 2021
After more than a year and a half, with lines between home and office bl...
Sep 30, 2021
Customers want their loyalty recognized and their time and their wallets...
Aug 29, 2021
By quickly adopting new technologies, the construction industry will con...
Oct 27, 2021
Modular construction, also known as prefabrication, has been around for ...