Supply Chain Help is on its Way. Biden Administration will Invest $450 Million into PIDP

If you’re a property owner, you’ve likely noticed how material delays and supply shortages have been affecting construction projects across the board.

That’s why we wanted to share some encouraging news that could make a difference for your next remodeling project—and even improve your overall quality of living.

According to Fox Business, the current administration has announced a massive $450 million investment in port infrastructure. This funding, part of the Department of Transportation’s Maritime Administration Port Infrastructure Development Program (PIDP), is the largest we’ve seen yet.

The goal? To reduce bottlenecks, improve the flow of goods, and ease the stress on the economy. Ultimately, it’s aimed at lowering inflation and helping American families.

As U.S. Transportation Secretary Pete Buttigieg put it...

“We’re proud to announce this funding to help ports improve their infrastructure—to get goods moving more efficiently and help keep costs under control for American families.”

What does this mean for you? With better circulation of goods, we could see shorter material delays, more accessible supplies, and a smoother process for construction and remodeling projects in the near future.

Will the Infrastructure Investment Make a Difference?

The government is channeling significant capital into private entities to strengthen America’s Marine Transportation System (MTS). These grants will be awarded at the government’s discretion, making it a complex and, at times, controversial initiative.

But we’re not here to dive into online debates. What we care about is how this affects our Bakersfield community and, ultimately, you.

Here’s what we know: the U.S. national debt stood at $30 trillion as of February 6, 2022, according to Investopedia.

The big question remains: will these government-funded grants actually reduce inflation and improve the economy? And what about the long-term impact on taxpayers?

While these initiatives sound promising in theory, only time will reveal their true effects.

How does this impact Bakersfield property owners?

It’s no secret that inflation and an inefficient supply chain have taken a toll on the construction and housing markets.

Like builders, our roofing company has faced challenges such as record-high lumber prices and ongoing material shortages. On top of that, rising regulatory costs, energy expenses, and tax policies have only added to the pressure.

For Bakersfield property owners, these factors make it even more important to stay informed and plan ahead for any home improvement projects.

For the property owner interested in remodeling, these issues may affect your overall cost and timeframe.

Nevertheless, if the government's aid helps improve port infrastructure, materials should become more available at lower prices. But only time will tell.

What you can do...

• Stay informed about the progress of this infrastructure investment.
• Keep tabs on what’s happening in the housing market.
• Track supply levels.
• And monitor prices in your area (If you’re feeling ambitious, reach out to someone in the building or supply industry—they can offer firsthand insights).

If you’re planning a remodeling project, start by getting detailed bids from licensed contractors. Ask them about project timelines, supplier availability, and how other jobs are going.

The cheapest bid isn’t always the best—look for someone who understands the challenges and can still deliver quality work.

Most contractors aren’t out to rip people off. They’re working hard to provide great service while managing rising costs and supply chain hurdles. Patience and clear communication go a long way during these times.

At the end of the day, we’re roofing experts—not economists—but we’re committed to keeping our customers informed about news that impacts their projects.

If you’re ready to discuss your next roofing project, we’d love to help. Contact us for a free, no-obligation estimate today!