WORLD ECONOMIC FORUM
Extensive and efficient infrastructure is critical for ensuring the effective functioning of the economy, as it is an important factor determining the location of economic activity and the kinds of activities or sectors that can develop in a particular instance. Well-developed infrastructure reduces the effect of distance between regions, integrating the national market and connecting it at low cost to markets in other countries and regions.
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THE CENTER FOR AN URBAN FUTURE
In the winter of 2009, with more than 1.4 million job losses in the first two months of the year, the federal government passed the American Recovery and Reinvestment Act (ARRA) into law as a way to quickly inject liquidity into a stalling economy and maintain critical services that would allow individuals and communities to survive through the recession. At first glance, New York City made out pretty well. More than $7 billion in Recovery Act funds went to programs benefitting New York City residents, which was more than many entire states received.
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TRANSPORTATION ISSUES DAILY
Written by: Larry Ehl
Last week President Obama announced he is “going to be putting out more proposals, week by week, that will help businesses hire and put people back to work.” He addressed transportation specifically: “Tell Congress to get past their differences and send me a road construction bill so that companies can put tens of thousands of people to work right now building our roads and bridges and airports and seaports. I mean, think about it. America used to have the best stuff — best roads, best airports, best seaports. We’re slipping behind because we’re not investing in it, because of politics and gridlock. Do you want to put people to work right now rebuilding America? You’ve got to send that message to Congress. ”
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Building America’s Future’s just released a report entitled, Falling Apart and Falling Behind. InfrastructureUSA’s Managing Director Steve Anderson discussed the findings with former Governor of Pennsylvania Ed Rendell, a Co-Chair of President of Building America’s Future’s Educational Fund (BAF), and Marcia Hale, President of BAF.
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BUILDING AMERICA’S FUTURE
Rebuilding America’s economic foundation is one of the most important missions we face in the 21st century. Our parents and grandparents built America into the world’s leading economic superpower. We have a responsibility to our own children and grandchildren to strengthen—not squander —that inheritance, and to pass on to them a country whose best days are still ahead.
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UNITED STATES CHAMBER OF COMMERCE
Written by: Bruce Josten
For the sake of near- and long-term job creation, stronger economic growth, and enhanced U.S. competitiveness, the Chamber strongly supports robust surface transportation reauthorization legislation that addresses revenue shortfalls and includes necessary and urgent policy and program reforms.
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TRANSPORTATION ISSUES DAILY
Whether by the hands of the new fiscal commission or through the alternative automatic cuts, federal transportation funding is going to decline dramatically compared to recent years. The Senate transportation proposal, which counted on a $12 billion infusion of general funding, suddenly looks just a little less attainable. So too is the prospect of a better-funded bill in two years, if Congress doesn’t pass a bill this year.
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Looking to leverage private investment and an untapped market for tax credit bonding to rebuild America’s transportation infrastructure, U.S. Senators Ron Wyden (D-Ore.), John Hoeven (R-N.D.) and Mark Begich (D-Alaska) have introduced legislation to create a tax credit bond program dedicated to transportation infrastructure. Transportation and Regional Infrastructure Project bonds or TRIPs will be a financing tool to fund the rebuilding of the nation’s crumbling transportation infrastructure.
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NATURAL RESOURCES DEFENSE COUNCIL
While the nation continues to grapple with a troubling housing market and a rash of mortgage defaults, new research has emerged drawing a direct link between “location efficiency”—a measure of the transportation costs in a given area—and mortgage foreclosure rates. The study shows that factors such as neighborhood compactness, access to public transit, and rates of vehicle ownership are key to predicting mortgage performance and should be taken more seriously by mortgage underwriters, policymakers, and real estate developers.
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