There is an urgent need for widespread reinvestment in American infrastructure. A modern infrastructure system is key to unleashing the full productive potential of the U.S. economy. In recent years, however, public-sector investment in infrastructure has dwindled, leaving many critical systems in disrepair and hampering U.S. competitiveness and productivity. As we continue to focus on building a broad-based economic recovery and creating more American jobs, public spending on infrastructure is urgently needed to spur economic activity, unlock private investment, and reinvigorate the labor force. This study is designed to quantify and advocate for the benefits of substantial investment in American infrastructure by using an industry-based macroeconomic model to estimate the economic impacts of a fiscally responsible investment of $979 billion over ten years in surface transportation, water and wastewater, aviation, water resources, transportation, and broadband. This study also takes the crucial step of establishing a “new normal” level of public-sector commitment to maintaining American infrastructure.
Delivering for America
A modern infrastructure system is key to unleashing the full productive potential of the U.S. economy. This report examines the state of U.S. infrastructure, where we need to go, and the economic effects of taking action. Infrastructure undergirds a modern, competitive U.S. economy, and is a catalyst for the connections and creativity that will power the innovation and economy of the future.