Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
Infrastructure: An Investment That Pays Big Dividends for America
America’s leading CEOs are concerned about the future of our nation’s transportation infrastructure.
In an op-ed on CNBC, Caterpillar Chairman and CEO Doug Oberhelman writes, “Infrastructure is a key component of any competitiveness measure, and by any measure the United States is falling far behind. . . . U.S. transit and highway infrastructure is subpar.”
In The Wall Street Journal, J.P. Morgan Chase Chairman and CEO Jamie Dimon cited “the need for more—and smarter—investment in America’s roads, bridges, tunnels, ports and airports. Physical infrastructure is a natural job creator in the near term and establishes conditions for long-term growth.”
It’s not hard to see why business leaders believe transportation infrastructure should be a national priority. A newly-released report by Business Roundtable, Road to Growth: The Case for Investing in America’s Transportation Infrastructure, finds that the quality of America’s infrastructure ranks 16th, behind nations such as Germany, France, and Japan. The report also finds that as much as $3 in economic activity is created by every $1 invested in infrastructure. The report includes a number of other startling facts about the state of American transportation infrastructure.
That’s why Business Roundtable is calling on Congress to provide long-term funding for highways, transit, and other key transportation infrastructure. This is one investment that would pay big dividends for the American economy and the American people.