Startups have about $1 trillion worth of reasons to love the Biden infrastructure plan
This article was published by on the TechCrunch website on March 31, 2020, and was written by Jonathan Shieber.
The sweeping infrastructure package put forward today by President Joe Biden comes with a price tag of roughly $2 trillion (and hefty tax hikes), but gives startups and the broader tech industry about $1 trillion worth of reasons to support it.
Tech companies have spent the past decade or more developing innovations that can be applied to old-world industries like agriculture, construction, energy, education, manufacturing and transportation and logistics. These are industries where structural impediments to technology adoption have only recently been broken down by the advent of incredibly powerful mobile devices.
Now, these industries are at the heart of the president’s plan to build back better, and the hundreds of billions of dollars that are earmarked to make America great again will, either directly or indirectly, be a huge boost to a number of startups and large tech companies whose hardware and software services will enable much of the work the Biden administration wants done.