Our highways, airports, and other infrastructure have served us well for decades, allowing commerce to function and our economy to grow.
Unfortunately we have done a poor job maintaining it. That failure to act has caught up to us.
According to the American Society of Civil Engineers (ASCE), America’s infrastructure receives a dismal ‘D+’ grade.
The economic costs are clear. By 2025, ASCE projects our failing infrastructure will mean $7 trillion in lost sales for businesses and 2.5 million lost jobs.
On a daily basis, businesses of all sizes feel the effects of our crumbling infrastructure, as U.S. Chamber President and CEO Tom Donohue explained at the America's Infrastructure: Time to Investevent:
We hear from farmers who can’t transport their heavy equipment across rickety rural bridges – costing them precious time during make-or-break planting and harvesting seasons.
A successful regional plumbing business recently told us how they’re hit with a one-two punch. Congestion limits the number of service calls they can take a day, eating away at their productivity and profits. Meanwhile, wear and tear on their fleet drives up costs because their service vehicles are battered by poor roads all day, every day.
At the event, business leaders across a variety of industries explained how our deteriorating infrastructure hurts their bottom lines.
Small and mid-sized businesses are especially vulnerable.
Businesses Make The Case For Infrastructure Investment
by SEAN HACKBARTH, us chamber of commerce | February 8, 2019
Don Duvall (left), Jim Jalbert (center left), and James Strange (center right) discuss infrastructure improvements at America's Infrastructure: Time to Invest. Photo credit: Ian Wagreich / © U.S. Chamber of Commerce.
February: Technology & Natural Resources
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