Biden Administration Announces Funding for Port Infrastructure and the Supply Chain

Yesterday the Biden Administration announced funding to strengthen port infrastructure and the supply chain. Biden’s bipartisan Infrastructure Law has made $450 million available in grant funding for port-related projects through the Department of Transportation’s Maritime Administration’s Port Infrastructure Development program marking the largest investment in the program ever and doubling last year’s investment. The Infrastructure Law will invest $17 billion in ports and waterways. The grants will help ports expand capacity and improve the movement of goods through supply chains.