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California, Texas, and New York stand to gain the most from President Biden’s $1.2 trillion infrastructure package, according to a new analysis from Newmark. 

The Golden State is predicted to receive $45 billion in funding from the Infrastructure Investments and Jobs act, followed by Texas at $35 billion and New York at $27 billion. Overall, the legislation, which is funded by repurposed, unspent monies and new revenue, will fund previously-approved infrastructure projects and programs. It also includes an estimated $550 billion in new investment for projects ranging from hard infrastructure to water, power, and internet infrastructure.

 

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