Inrecap Llc

InRecap was started in 2017 to assist in the development of new approaches and investment sources for the debt recapitalization of basic public infrastructure. Current Focus: Post-Covid-19 Economic Recovery State & local fiscal constraints will be dramatically heightened by the Covid-19 crisis. In many ways, the crisis is accelerating trends associated with slower economic growth, demographic change and the 2008 financial crisis that public infrastructure agencies were already facing. Recovery will not be easy, and infrastructure investment will likely be particularly impacted. Cancelling or further delaying basic investment projects will look like a necessary response to short-term budget crises — yet it is exactly those projects that can lay the groundwork for a solid, sustainable recovery in many communities. While new and innovative sources of private debt capital will certainly be a key factor in America’s infrastructure recapitalization over the longer run, the most immediate needs of state & local public agencies for post-Covid-19 recovery can realistically only be met by expanding and enhancing federal infrastructure loan programs. This is InRecap’s current focus. Two existing programs and a new one (modeled on the others) are the area of current work- US EPA’s Water Infrastructure Finance and Innovation Act (WIFIA) Loan Program- US DOT’s Transportation Infrastructure Finance and Innovation Act (TIFIA) Loan Program- A proposed new program, tentatively titled the ‘Municipal Infrastructure Finance and Innovation Act’ (MIFIA).