Orange County Branch Newsletter
Failure to Act: The Impact of Current Infrastructure Investment on America’s Economic Future
By: Economic Development Research Group, Inc. for ASCE
ASCE’s Failure to Act economic report series shows the economic consequences of continued underinvestment in our nation’s infrastructure, and the economic gains that could be made by 2020 in terms of GDP, personal disposable income, exports, and jobs if we choose as a country to invest in our communities.
The culminating report was released on January 15, 2013 and presents an overall picture of the economic opportunity associated with infrastructure investment and the cost of failing to fill the investment gap.
ASCE finds that with an additional investment of $157 billion a year between now and 2020, the U.S. can eliminate this drag on economic growth and protect:
• $3.1 trillion in GDP, almost the equivalent of Germany’s entire GDP
• $1.1 trillion in U.S. trade value, equivalent to Mexico’s GDP
• 3.5 million jobs, more than the jobs created in the U.S. over the previous 22 months
• $2.4 trillion in consumer spending, comparable to Brazil’s GDP
• $3,100 in annual personal disposable income
- To download the full report, Failure to Act: The Impact of Current Infrastructure Investment on America’s Economic Future, please click here.
Previous studies focused on surface transportation, water and wastewater, electricity infrastructure, and airports, inland waterways, and marine ports. More information on each of those reports can be found below.
For more information or to request copies of any of the Failure to Act reports, please e-mail [email protected].