St. Paul, MN - Today, the House Capital Investment Committee finished its second and final hearing this week on the federal Infrastructure Investment and Job Act’s (IIJA) impact on Minnesota. Members received updates from the Minnesota Management and Budget Office, the National Conference of State Legislatures, the Minnesota Office of Broadband, and the Minnesota Public Facilities Authority.
“In our recent tour of proposed capital investment projects, it became abundantly clear that there was an incredible need for investment in our state’s infrastructure, more than what Minnesota could address on its own,” said Rep. Fue Lee (DFL - Minneapolis), chair of the committee. “As we learn more about this historic federal law, it’s clear that in tandem with the IIJA, now is the opportune time for the state to step up and truly make a transformative generational investment in our state. In addition to the required matches to access these federal funds, we can go even further to deliver for the communities and peoples too often ignored when it comes to state and federal resources.”
The IIJA brings in an estimated $7.3 billion to Minnesota, with 84% of that requiring a state match. The majority of these estimated funds, $5.4 billion, are dedicated to the Department of Transportation, with $852 million going to the Met Council, $668 million to the Public Facilities Authority, $159 million for Commerce, $103 million to the DEED’s Office of Broadband Development, and $18 million to MNIT and Public Safety.
The Minnesota Department of Management and Budget provided a breakdown of these funds, which include intersections with Governor Walz’s budget, both the state match and match source, which can be found here.
Additional supporting materials from this week’s presentations can be found on the committee's webpage, and video recordings of Tuesday’s and Thursday’s hearings are also available.