The Building Blocks of Funding, Financing and Procurement for School Infrastructure Projects
Once-in-a-lifetime funding—through the Inflation Reduction Act (IRA), Bipartisan Infrastructure Law (BIL) and ESSER funds—is available to help schools bring modernization goals to fruition. Though every facility project may not qualify for these funds before they expire, alternative financing mechanisms are available and within reach. Sometimes it can take a little creativity to put together a comprehensive funding, financing and procurement strategy, and Trane can help.
Our expertise in this area can help you find the right set of resources to bring outdated school infrastructure up to date. From grant programs and tax or utility incentives, to best-value procurement methods, we can help you structure a funding program that maximizes savings and garners the greatest return on your investments.
1 U.S. Government Accountability Office, “K-12 Education: School Districts Frequently Identified Multiple Building Systems Needing Updates or Replacement” (Washington: 2020), available at https://www.gao.gov/products/gao-20-494.
Consult with your tax advisor about potential tax advantages.
Trane does not provide tax, legal, or accounting advice. This material is for informational purposes only and it should not be relied on for tax, legal, or accounting advice. Tax law is subject to continual change. All decisions are your responsibility, and you should consult your own tax, legal, and accounting advisors. Trane disclaims any responsibility for actions taken on the material presented.