WASHINGTON – The National Retail Federation today issued the following statement from President and CEO Matthew Shay after President Joe Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act into law.
“On behalf of the retail industry, NRF congratulates congressional leadership and the Biden administration for successfully guiding this unprecedented legislation to the finish line today.”NRF President and CEO Matthew Shay
“Retailers depend on a sustainable and vibrant American infrastructure system to fulfill their business promises and deliver goods safely and efficiently to consumers across the country and around the world. Our nation’s roads, ports, bridges, broadband and other key infrastructure utilized every day by millions of businesses are essential to the success and revitalization of our economy.
“As the Infrastructure Investment and Jobs Act now becomes law, this historic investment and reform will enable America’s transportation and broadband network to capitalize on growing consumer demand as well as sustain future disruption challenges.
“On behalf of the retail industry, NRF congratulates congressional leadership and the Biden administration for successfully guiding this unprecedented legislation to the finish line today.”
NRF has been a strong proponent of infrastructure reform and was actively engaged in encouraging passage of the legislation. Earlier this month, NRF spearheaded a six-figure ad campaign that included a 30-second video called “Fortify,” as well as radio and static digital ads.
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four U.S. jobs – 52 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. nrf.com