Builders Capital Announces $500 Million Strategic Transaction with InterVest Capital Partners
PUYALLUP, WA and NEW YORK, NY | Builders Capital recently closed a transaction with InterVest Capital Partners, forming a strategic partnership that results in a commitment of up to $500 million in growth capital and InterVest acquiring a strategic minority interest in Builders. “We are thrilled to partner with InterVest, one of the leading specialty finance investment platforms,” said Robert Trent, CEO of Builders Capital. “We plan to use the capital to aggressively expand our platform and c...
Biden-Harris Administration Announces $60 Million for Emergency Work in Wake of the Collapse of the Francis Scott Key Bridge in Baltimore
$60 Million in ‘Quick Release’ Emergency Relief funds are a down payment on Maryland’s initial costs for emergency repairs, design, and reconstruction of the bridge WASHINGTON – Within hours of receiving the request, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the immediate availability of $60 million in “quick release” Emergency Relief (ER) funds for the Maryland Department of Transportation to rebuild the Francis Scott Key Bridge after a car...
Four PCA Member Companies Awarded a Total of More Than $1 Billion from DOE
Money Will Fund Major Decarbonization Projects Washington, D.C. (March 25, 2024) — Today the U.S. Department of Energy announced potentially more than $1.2 billion in funding for four Portland Cement Association (PCA) member companies to launch revolutionary decarbonization projects. The funding comes by way of the Biden Administration’s Bipartisan Infrastructure Law and the Inflation Reduction Act (IRA)—two pieces of legislation PCA advocated strongly for on Capitol Hill. In all, th...
Biden-Harris Administration Announces Nearly $45 Million in Available Funds to Improve Bicyclist and Pedestrian Connectivity and Safety
Applications open for the Active Transportation Infrastructure Investment Grant program, a new Bipartisan Infrastructure Law program WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced today that it has opened applications for up to $44.5 million in funding for projects that will strengthen safety and improve bicycling, walking and access to public transit in communities across the country. FHWA’s new Active Transportation Infrastructure...
Biden-Harris Administration Opens Applications for $1.2 Billion in Funding to Decrease Air Pollution from the Transportation Sector as Part of Investing in America Agenda
New Inflation Reduction Act program provides funding to all 50 states, the District of Columbia, and Puerto Rico WASHINGTON - As part of the Biden-Harris Administration’s Investing in America agenda and ongoing work to improve air quality, decrease pollution and tackle the climate crisis, the Federal Highway Administration (FHWA) today launched the Low Carbon Transportation Materials Program. The program is aimed at lowering air pollution, specifically greenhouse gas emissions (GHG), th...
Landmark international partnership to unlock power of sustainable finance on a global scale
Alliance of BRE, GBCA and USGBC’s green building rating systems - BREEAM, Green Star and LEED March 5, 2024 (London) – The UK-based Building Research Establishment (BRE), Green Building Council of Australia (GBCA) and the U.S. Green Building Council (USGBC) have announced an industry-first, international alliance to unlock the sustainable finance needed for the built environment to play its role in meeting global climate goals. The alliance will see the three organizations work together...
Pennsylvania Awarded $142 Million in Federal Funding for Eastern Pittsburgh Multimodal Corridor Project
In a recent press release, awards were announced for the National Infrastructure Project Assistance (Mega) grant program. The Mega program, which was created by the Bipartisan Infrastructure Law (BIL) and provides $5 billion in funding through 2026, is focused on projects that are uniquely large, complex and difficult to fund under traditional grant programs. Eleven different projects were awarded funding that will generate national and regional economic, mobility and safety benefits. In Penn...
Biden-Harris Administration Opens First Round of Applications for $250 Million to Reduce Traffic in Urban Areas
New competitive grant program under Bipartisan Infrastructure Law to help cut traffic and pollution on America’s roadways WASHINGTON- The U.S. Department of Transportation’s Federal Highway Administration announced today a new Bipartisan Infrastructure Law program that makes $250 million available, over five years, in competitive grants to advance innovative, multimodal solutions to reduce vehicular traffic in the most congested metropolitan areas of the United States. The Congestion...
HDR Continues Federal Grant Success, Helping U.S. Transportation Clients Secure $1.6 Billion in 2023
HDR’s grant and infrastructure finance professionals helped secure $1.6 billion in federal transportation discretionary grant funding for clients across the U.S. in 2023. While recent legislation such as the Infrastructure Investment and Jobs Act has created unprecedented levels of infrastructure funding, there remains a very competitive landscape for those seeking funding. Last year, the firm successfully assisted transportation clients in 31 states obtain discretionary funding for dozens of pr...
Xylem Reports Fourth-Quarter and Full-Year 2023 Results
Fourth-Quarter Highlights • Orders of $2.0 billion, up 42% on a reported basis and 10% organically • Revenue of $2.1 billion, up 41% on a reported basis and 9% organically • Earnings per share of $1.10, up 34%; $0.99 on an adjusted basis, down 1% Full-Year Highlights • Revenue of $7.4 billion, up 33% on a reported basis and 12% organically • Earnings per share of $2.79, up 42%; $3.78 on an adjusted basis, up 20% • Initiating 2024 full-year revenue guidance of $8.4 to $8.5 billion, up 3%...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
Promenade at The Point
June Issue 2026
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