John Hennessy III,
P.E.
It is not a new concept, but transit-oriented development (TOD) has become a sweeping trend, as evidenced by new projects being launched throughout the United States. Congress has allocated billions to support the development of attractive residential and retail communities located near public transportation stations. The objective is to enhance the ease and convenience of […]
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Cities and counties throughout the U.S. are launching economic development initiatives that will generate new sources of revenue for government coffers. Projects of all types are currently underway, and many more initiatives designed to boost economic vitality are in the planning stages. Funding support is available from more than a dozen federal programs that offer […]
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Congress appropriated an extremely large amount of funding for school projects, and the final round allocations totaled $122 billion. That’s a huge amount – about $380 per person in the U.S. This revenue came through the Elementary and Secondary School Emergency Relief program and was delivered with a mandated deadline: It must be obligated by […]
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Now, our infrastructure needs another upgrade, and an entire sector of workers who haven’t recovered from the recession need jobs. Infrastructure repair can create those jobs. It has happened before, but will it happen again? And when the dust has settled, will America be satisfied with the results?
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Damon Silvers is the Director of Policy & Special Counsel for the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO). He is also a member of the Public Company Accounting Oversight Board Standing Advisory Group and the Financial Accounting Standards Board User Advisory Council.
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BLUEGREEN ALLIANCE & ECONOMIC POLICY INSTITUTE
Economic models estimate about 7,800 green jobs are created for every billion dollars of freight rail capital investment. Furthermore, the industry has nearly doubled the amount of goods it has shipped without increasing fuel consumption over the past three decades, and creates a fraction of the pollution of other transport modes such as trucking and aviation. Its continued growth will generate green jobs, reduce dependence on foreign oil and contribute to solving climate change.
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