For Immediate Release
April 11, 2022
Media Contact: Wendy Stolyarov, (775) 247-4390
BCTNN Applauds Passage of State Infrastructure Bank Rules, Ready to Get To Work
Sparks, NV - The Building & Construction Trades Council of Northern Nevada is very happy to announce that the Board of Directors for the Nevada State Infrastructure Bank (“Bank”) adopted regulations around financing priority infrastructure projects this morning that will create union jobs across the state, promote the construction of affordable housing, maintain and rebuild Nevada’s infrastructure, and support our state’s registered apprenticeship programs.
These priority infrastructure projects include federal infrastructure investments through the Infrastructure Investment and Jobs Act as well as a $20 million affordable housing set-aside, which will be used for union-built affordable housing in partnership with Nevada’s Building Trades unions and the AFL-CIO Housing Investment Trust. The regulations include the first PLA requirement in Nevada’s history and will create thousands of good-paying union jobs, keep work local, and train the next generation of Nevada’s construction workforce.
“We are deeply grateful to Treasurer Zach Conine and his tireless and determined Chief Policy Deputy Erik Jimenez for their work establishing the Bank and its regulations,” said BCTNN’s Secretary-Treasurer Rob Benner. “Today’s vote is an important step in the service of building a better Nevada. Our members are ready to get to work.”
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