West Monroe, and the Partnership for New York City, a non-profit promoting economic growth while maintaining the city’s position as a global center of commerce and innovation, issued a guide to help New York City and state secure federal funding for clean energy infrastructure. The report, “A Guide to Green Infrastructure Funding,” calls for a coordinated effort between government, utilities, labor, environmental advocates and communities to identify priorities, establish performance goals and craft compelling grant proposals with broad support to secure funding. This funding is vital to the city and state’s transition from fossil fuels to renewable energy.
The Infrastructure Investment & Jobs Act (IIJA) of 2021 includes $65 billion in available funding to help the private sector, municipalities and states deploy clean energy at scale, reduce greenhouse gas (GHG) emissions, and create clean energy jobs. The funds can also help ensure that decarbonization does not come at the expense of economic growth and instead serves as bedrock for economic development and innovation.
The guide focuses on the clean energy and energy efficiency provisions in the IIJA that would be of greatest interest to New York City and energy companies serving the region. The intent is to inform a timely city and statewide response to prioritizing and coordinating applications and execution of projects that advance clean energy, decarbonization, affordability, and social equity goals while ensuring energy and grid resiliency. Consolidated Edison and National Grid also partnered on this report.
The White House has indicated that the first opportunities to apply for IIJA grant funds will come in the second quarter of 2022 and will continue to be rolled out through the end of 2022. The funds will be awarded largely on a competitive basis.
West Monroe is a member of the Partnership for New York City. We support their mission in building partnerships between business and government to strengthen New York City where our people live and work, and mobilizing private sector resources and expertise to advance the city’s standing as a global center of economic opportunity, upward mobility, and innovation.