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GRIP is an acronym for the Griffin Re-visioning Infrastructure Plan.
In recent years, there has been focus to restoring the infrastructure and related social structures issues with slogans such as: "Make America Great Again" and "Build Back Better", which were more retrospect viewpoints to an era which ended over 1/2 century ago, than they were forward thinking and planning. The "Green New Deal" itself had it's limitations and opposition, because it was focusing on an environmental viewpoint, rather than an economic perspective, while it also failed to address specific objectives, a pragmatic implementation plan, and a responsible/reasonable way to finance it.
Even the successful passage and enactment of the $1.2T "Infrastructure Investment & Jobs Act" (IIJA) does not address all of the problems, issues, and solutions, needed to adequately resolve our infrastructure needs. It only addresses ten percent (10%) of them over a 10 year period of time. Additionally the Congressional Budget Office (CBO) scored the IIJA to have a $256B deficit over 10 years...so much for an economic development and growth program.
GRIP takes a different approach. Albeit it may appear to be counter-intuitive and an opposite solution to using tax cuts/deductions/incentives to finance infrastructure projects, it is the only rational & reasonable way to achieve our infrastructure needs and goals. By creating a National Infrastructure Bank (NIB), establishing a funding pool using tax cuts, tax deductions, and tax-exempt interest earning, we could finance our infrastructure needs and create economic growth for decades, without raising taxes, or increasing the National Debt.
GRIP uses existing and proposed tax laws to enable investors to make investments, which are tax deductible and the interest earnings to be tax exempt by establishing accounts in a National Infrastructure Bank (NIB)
Investors include corporations who repatriate their off-shore money, public retirement funds, mutual funds, hedge funds, private equity groups, and private investors (both small and large), who have equal rights and privileges.
The rates of the tax-exempt interest earnings are tied to T-bills, with the 10-year benchmark as the standard for corporate and institutional investors, however, some may opt for the higher yield and more long term 30 year terms, tied to 30-year T-bill rates. Smaller investors receive the interest rates for 13-week, 1 year, 2 year and 5 year term investments. These accounts in the NIB are securities, which are governed by the Securities Act of 1934, therefore, they may be used as collateral and hypothecated by any investor, who wishes to use them to borrow money with a lower net interest rate from the commercial and community banks and credit unions.
The NIB works with state, county, local governments, corporations and co-ops known as Special Purpose Entities or Vehicles (SPE/SPV) in Public-Private Partnerships (P3)
The local governments or P3/SPE/SPV submit plans and budgets to the NIB for review and consideration. The proposals are first reviewed by individuals who have expertise and experience in the type of infrastructure plan proposes. Final approval is made by a team of individuals, who sign-off on funding the proposed project.
Although the NIB would consider all plans, including plans with multiple projects, the priorities for funding may be found at GRIP Project Categories.
Yes. International infrastructure projects can qualify for GRIP investments. However in addition to the process all infrastructure projects are considered, an additional process and further scrutiny is required.
This includes, a complete background check of the persons in the foreign governments or SPE/SPV and consultation with the U.S. embassy in that country, along with other processes involving the U.S. Department of State and where appropriate and necessary the U.S. Department of Justice..
Also required of all foreign signatories and project managers is that they successfully complete the GRIP process and management training program.
Using GRIP to invest in foreign infrastructure projects enhances the USA's ability to compete with China's Belt and Road program (BRI), which China uses to enhance their geopolitical influences, notably in African and South American continents, albeit they also heavily invest in many projects in southeast Asia.
GRIP is the product of a daily, for over seventeen (17) years research project by William T. Griffin. Griffin received daily articles regarding infrastructure projects and their financing in the USA and around the world. Griffin took the best ideas, focused on what works, and added safeguards to prevent the weaknesses and downfalls of a wide range of infrastructure projects around the world, with emphasis to those in the USA, China, India, Africa, and South America,
William T. Griffin is a 66 y/o Ed.D. and for over 40 years, worked as a project administrator, an administrative consultant, legal administrator, lobbyist, computer programmer, writer, educator, and entrepreneur with decades of experience.
Much of Will Griffin's consulting in program administration was with churches and non-profit organizations, which serviced the poor, the elderly, the disabled and children; notably the Salvation Army.
30 of these years were spent in Nashville, TN where Griffin also lobbied and consulted to the TN Legislature and then Governor Ned R. McWherter, in the areas of education, special education, and corrections, notably regarding community corrections; as a pioneer in the program where offenders worked off their fines in community service instead of going to jail, which is now a national program practiced by courts of all levels.
For his efforts and services to the people and the State of Tennessee and elsewhere, Will Griffin received multiple awards and honors, including:
Like many in Nashville, Will Griffin also worked as a songwriter, arranger, producer, session leader and a multi-instrumentalist studio musician. Because of his example and unselfish service to others, Will Griffin was the inspiration for the song "God's Will" which was recorded and sung by Martina McBride. Will Griffin remains and is regarded as one of Nashville's living legends for his competencies and congeniality.
Griffin is also known for his work investigating and proving the fraud & tax fraud in the estate of Howard Robard Hughes, Jr. (Howard Hughes) and after providing his research findings to the FBI/DOJ; the original Hughes Estate Probate Judge (Kenneth Patrick Gregory) was removed from the bench, went to jail for tax fraud and was disbarred for life.
As an eCommerce entrepreneur, Griffin owns 95 top-level domain names and websites in the primary areas of music, aquarium hobby, and notably regarding infrastructure and infrastructure financing. With foresight and as the product of his over twelve (12) years of researching infrastructure projects and their financing, Griffin 'virtually' owns the word "infrastructure" and phrases like "infrastructure financing", "infrastructure funding", "infrastructure loans", "infrastructure investing", "infrastructure investments" and "infrastructure projects", to name but a few.
Griffin considers himself as a public servant (not job title, but rather job description) and merely a simple and humble servant of his Lord and Savior Jesus Christ.
Will Griffin was born in Pittsburgh, PA and he is the eldest of six children. He was born physically challenged, with a walking disorder that is hereditary to his family. This factor/barrier is why he chose not to marry and have children, but to instead dedicate his life to serving the Lord, by serving others.
If you ask anybody who knows and has worked with him, or folks around Nashville, they will tell you Will Griffin is not disabled, for he is 'distinguished & able' and he is by no means handicapped, because he is 'handy & capable'.
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