Investing in President Biden’s Infrastructure Plan

On Wednesday, 3/31/21, President Biden made a major announcement when he described his $2.3 trillion infrastructure plan, the American Jobs Plan. In his plan, he discussed the need to improve the country’s highways, bridges, airports, and power grids. President Biden’s plan also seeks to invest in renewable energy production, electric vehicles, and improving access to high-speed internet. Other industries that will benefit from his plan are semiconductor makers, pharmaceutical developers, and construction companies.

Many companies are going to benefit from an infusion of federal funds, especially those that have been deemed important in addressing climate change. President Biden talked about how he wants to transition fleets of government cars to be electric vehicles, which means more need for charging stations. This will move energy needs away from oil and towards electricity, which can be created with renewable energy production like solar and wind power. This could mean big government incentives for automakers like Ford and GM and also electric vehicle charging companies like EVgo and ChargePoint.

I personally think the company that will benefit the most from this plan will be Tesla because it is already one of the biggest manufacturers of both electric vehicles and charging stations. Tesla is also going to be introducing their highly anticipated semitruck later this year. Beyond vehicles, Tesla also makes solar panels and solor roofs for homes. I’ve already discussed why I think Tesla is a good company to invest in on my previous blog post, Time to Invest in Tesla.

President Biden’s plan is large in scope and he said it would take place over the course of eight years, but I personally think it’s fantastic and a huge step in the right direction for American society. Politics aside, this plan would create a ton of new jobs while providing incentives for companies to be more socially responsible. This plan would improve our country’s deteriorating infrastructure and address the issue of housing shortage which is growing across the country, especially in larger cities. The American Jobs Plan will also create investment opportunities across many different sectors, what sector or companies do you think will benefit? Leave me a comment and let me know. Follow my blog where I post 2-3 times per week about finance and investing news.

Photo by SJ Objio on Unsplash

Author: vancealm

Working as a manager within two of the largest retail companies for the past 7 years has given me insight into consumer trends and essentially what people are buying on a normal basis. Why is that useful? Because it gives me a better understanding of the established and growing brands and companies that could potentially work to make YOU money. My name is Vance Alm and I am currently working on earning my MBA from the University of Nevada, Reno. I want to talk, teach, and find out more about investing in the stock market. Recently, there has been a lot of news around the stock market, hedge funds, and normal retail investors which has reignited the nation’s curiosity about investing their money. A lot of people want to be involved with the excitement of potentially making money by investing in the stock market, but they don’t know how or even where to begin. I want to explore the world of investment banking with you and talk about everything involved, from researching different companies to invest in, to the different online platforms or financial service companies you can use and everything in between. I am not a wealthy hedge fund manager and I am not an expert in the field, but I am passionate about the idea of having your money work for you. I am always learning more on the topic and I want to open the conversation on how to start investing and what companies to potentially invest in.

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