The state of infrastructure can make a big impact on manufacturing success. First, the manufacturing industry would get a boost by supplying the materials for the infrastructure upgrades. Also, Industry Week said, "Congested highways mean late deliveries, production loss, increased fuel and wage costs and excessive wear on assets. Port congestion, lock delays and the penalty associated with not having infrastructure in place to handle larger ships make American products more expensive." Bridges especially are an area that impacts deliveries and transportation of goods using large trucks. Do you find you are having to work around infrastructure issues?
Wilbur Ross, secretary of commerce, and Peter Navarro, head of the national Trade Council, have recommended that the government allocate $137 million in tax credits for private investors to underwrite infrastructure projects.A study by the Economic Policy Institute suggests that a debt-financed $250 billion annual investment in infrastructure would boost GDP by $400 billion and overall employment by 3 million net new jobs by the end of the first year.Read More
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