3 Software Stocks to Buy for the Coming Infrastructure Spending Boom

Nicholas Rossolillo, The Motley Fool
·7-min read
3 Software Stocks to Buy for the Coming Infrastructure Spending Boom

The Biden administration recently introduced a $2.3 trillion spending plan to upgrade the nation's infrastructure over the course of the next decade. Among the target industries that would get a cash influx under the yet-to-be-approved plan, some $280 billion is earmarked for highways, bridges, public transit, freight and rail; $100 billion is for eclectic grid upgrades; $213 billion is for affordable housing and existing housing upgrades; and $300 billion is for manufacturing and small business. There are a lot of companies that could benefit from this epic influx of cash, but software is one of the most profitable players in any construction or manufacturing project.