THE SENATE'S $1 TRILLION INFRASTRUCTURE INVESTMENT AND JOBS ACT AND INCLUSIVENESS AND IMPACT
"In important periods of American history, the nation has made significant advances because of large-scale infrastructure commitments. Often mentioned in this respect are the transcontinental railroad, the interstate highway system and the post-war infrastructure to support modern urbanization. At other times, the nation’s investment has lagged and, in some cases, resulted in suboptimal projects. Our report was motivated by the following two responses to those unfortunate and wasteful approaches to infrastructure investments.
First, we believe that including state and local leaders in the design of a national infrastructure plan is essential. Local officials are generally in the best position to know the projects that would be the most impactful and effective in their respective areas.
Second, as the nation has become more urban and the nation’s economy becomes more dependent on urban areas, logic dictates that it is the economic development of metropolitan areas and their surrounding regions that should be supported with the infrastructure of the future."
Former Secretary of the U.S. Department of Housing and Urban Development
An architect of the report "A Bottom-Up Infrastructure Strategy for American Renewal."
"A 'war room' could be organized to receive, organize and interactively update a national inventory of state and local infrastructure priorities. It would be the first national inventory of this type and it would have long-term usefulness to the federal departments, including as an instrument to set the stage for inter-departmental cooperation and intergovernmental collaboration. The ultimate objective should be to assure that infrastructure projects can be integrated in 'place-based' frameworks so that they maximize their positive effects."
Director of Rice University’s Kinder Institute for Urban Research
Former Mayor of Ventura, California
American Triple I Partners and the Federal Infrastructure Plan
American Triple I (“ATI”) is a New York-based investor, owner, developer, and manager of infrastructure assets and infrastructure-focused companies. The firm is committed to serving our investor partners and communities by deploying capital into much needed infrastructure projects and businesses throughout the United States.
THE FED AND THE INVESTMENT INCLUSIVENESS AND IMPACT
“There’s a growing realization, really across the political spectrum, that we need to achieve more inclusive prosperity,” Mr. Powell said in response to a question, citing lagging economic mobility in the United States. “These things hold us back as an economy and as a country.”
Jerome H. Powell
The Federal Reserve chair,
06-2021, New York Times