Infrastructure investment is critical to America’s continued economic success. Our nation must expand and modernize its infrastructure across various sectors to help ensure that the United States continues to provide businesses, both large and small, an environment where they can successfully grow and operate. Research has shown for decades that well-designed investments in infrastructure can increase long-term economic growth, productivity, and land values, while also providing significant positive spillovers to areas such as economic development, energy efficiency, public health, and manufacturing. Improving our nation’s infrastructure will not only create economic opportunity for millions of Americans, but also improve their fundamental quality of life.
Cities, states and metropolitan areas throughout America face unprecedented economic, demographic, fiscal and environmental challenges that make it imperative for the public and private sectors to rethink the way they do business. Concrete, steel, and fiber-optic cable are the essential building blocks of the economy. Infrastructure enables trade, powers businesses, connects workers to their jobs, creates opportunities for struggling communities and protects the nation from an increasingly unpredictable natural environment. From private investment in telecommunication systems, broadband networks, freight railroads, energy projects and pipelines, to public spending on transportation, water, buildings and parks, infrastructure is the backbone of a healthy economy.