FUNDING RESOURCES
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With increased pressure for smarter infrastructure, the ability to quickly change direction and integrate processes across stakeholders has emerged as a trend "needed at every level of the infrastructure ecosystem."
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Thomas Schumann is the founder of Thomas Schumann Capital. He is a sustainability pioneer and expert for water security investment and financial products, and a recent speaker at the UN 2023 Water Conference in New York from March 22nd (World Water Day) to the 24th.
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Piping professionals must have a deep understanding of their systems and operation processes to prepare for those days when the unexpected occurs, and the surprise is not particularly pleasant.
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Before environmental concerns became a staple of urban planning, industrial sites dominated waterfront properties in American cities. For decades, factories used urban waterways to dispose of pollutants. As environmental awareness grew, however, those sites were abandoned, but the toxic aftermath lingered. But new funding and technology are both available now to remedy that risk.
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The time has come to stop thinking about port projects in the same way we once did. Everything has changed. And with an abundance of funding, port projects in 2023 will include many new components.
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The U.S. EPA rang in 2023 with a new program designed to provide funding for critical water infrastructure projects. Now, the EPA is providing loans to state financing authorities, which are also known as state revolving fund programs.
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Projects in the water environment industry typically span from one to several years and require, with few exceptions, a fixed-price bid from contractors. When establishing a product’s price, contractors must carefully consider the risks involved with possible unanticipated cost increases that may occur over the length of the project.
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Milton Friedman once said, "If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand." While cynical, many folks believe in the underlying sentiment of these words. Regardless of where you fall on the political spectrum, nobody doubts the tremendous influence the federal government will exert over our industry in the coming years. Not since the Great Depression has such a focused, targeted investment in infrastructure been attempted or funded. Therefore, what can we do to ensure this period of intense investment achieves maximum impact? How can even the most cynical among us help the federal government avoid Mr. Friedman's prediction? As a manufacturer, I believe there are three things we can do to help.
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Digital payment platforms improve the efficiency of collections and related labor practices, but their greatest benefit may be enhancing utility-customer relations.
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How Denver Water is protecting the water system now — and preparing for the future.