America is facing an infrastructure crisis.
Despite bipartisan efforts in Congress and state legislatures, the reality is that government alone can’t fully fund all of the roads, bridges, and other critical infrastructure that our economy needs – let alone upgrade our airports, shipping hubs and water supply systems to meet the challenges of the coming decades. And we are quickly falling behind countries that we compete with, which invest far more heavily in infrastructure as a percentage of their economy. In fact, the American government’s investment in infrastructure as a percentage of our nation’s economic output has fallen by 50 percent in the last 50 years, according to the U.S. Department of the Treasury.
Private capital can help address this challenge, yet tens of billions of dollars remain on the sidelines. Business leaders are stepping up to identify the barriers holding back this much-needed funding, explore ways to overcome them, and develop strategies to encourage additional private investment in infrastructure and promote economic growth.
