List Your Equipment  /  Dealer Login

Data Shows Economic Benefits of Infrastructure Stimulus Investments

Mon December 22, 2008 - National Edition
Construction Equipment Guide


Personal earnings will increase by $1.1 billion and the national gross domestic product will increase by $3.4 billion for every billion dollars invested in new infrastructure projects according to new national and state-by-state data released Dec. 16 by the Associated General Contractors of America.

The comprehensive new data, which is based on new economic research conducted for the association as well as federal data and economic impact estimations, demonstrates the “unmistakable” benefit of including infrastructure investments as part of the stimulus package, the association’s chief executive officer Stephen Sandherr said.

“Investing in infrastructure will create jobs, will increase earnings and will stimulate economic growth,” said Sandherr. “As important, these investments will give our economy a global competitive edge for decades to come.”

According to the new data, for every billion invested in projects designed to improve highways, water systems, educational and health facilities and energy systems, more than 28,500 jobs will be created or saved nationwide. 9,700 of those jobs would be for construction related work. Another 4,600 would be for associated work, such as suppliers, while another 14,300 of those jobs would be added outside to the broader economy.

Sandherr, who was in Ohio to discuss the need for more infrastructure investments during a visit to a Columbus-area road project, noted that more than 770,000 construction workers have lost their jobs nationwide over the last two years. He added that in states like Ohio, the declines have lasted longer and hit harder, with 14 percent of construction workers out of a job since the beginning of the decade in the Buckeye state.

Sandherr said that the new data shows just how much infrastructure investments will boost economics. He said his organization was asking people who want to see Americans put back to work and money back into the economy to visit www.agc.org/letsbuild and show their support for infrastructure investments.

“The idea is simple, come this spring, we want construction projects with good paying jobs to be as common as the flowers,” Sandherr said.

For more information, visit www.agc.org/stimulus.




Today's top stories

NAPA Urges Drivers to 'Watch For Us' During National Work Zone Awareness Week

VDOT Oversees $3.9B Hampton Roads Bridge Tunnel Project

Yanmar America Celebrates Global Customer Service Awards

New York City DOT Unveils Plans for Its Queensboro Bridge Pedestrian Upgrades

Terex Utilities Announces Availability of TL45 On Mini Tracked Carrier for Lifting in Restricted Access Job Sites

Nashville's Belmont University Gets $58M Gift From Executive for Music Row Expansion

New England Revolution Soccer Team Wants to Build Its Own Stadium in Everett, Mass.

Thomas Viaduct Railroad Bridge Recognized as National Historic Civil Engineering Landmark


 






aggregateequipmentguide-logo agriculturalequipmentguide-logo craneequipmentguide-logo forestryequipmentguide-logo truckandtrailerguide-logo
39.96250 \\ -83.00610 \\ Columbus \\ PA