Go to flyover States to see the impact of that money.
I don’t think Illinois has actually awarded any of that funding to providers to build anything yet. It looks like the original schedule was to start awarding grants this summer after planning process from 2021-2025.
I see some of the things funded by the IIJA every day of my life.
And that's not including the projects which are still being worked on getting approved including projects to replace sewage lines in my area, reworking stormwater drainage systems, and additional flood control projects, all of which are planned to be funded through the IIJA and all of which I think my city could really use. 60% of the IIJA funding hasn't been spent yet.
Obviously $500B is a lot of money, but it's not actually an unbelievable amount of money.
Construction of the first data center Abilene, Texas site is ongoing. Emily Chang visited the site over a month ago and got video footage [1]. So it's not nothing. Will they actually invest 500 billion in the end? I dunno; I guess we'll see. The main challenges seem to be the availability of electrical power and skilled workers, not demand, investment or ambition.
[1] https://www.youtube.com/watch?v=GhIJs4zbH0o