Infrastructure Investment: New Report Shows Positive Economic Impact on States and Communities

Building off his Labor Day announcement of a bold new plan for modernizing and rebuilding America's roads, railways, and runways, President Barack Obama held a meeting Oct 11 on the economic impact of infrastructure investment on our states and local communities at the White House.

President Obama noted, "The Recovery Act included the most serious investment in our infrastructure since President Eisenhower built the Interstate Highway System in the 1950s. And we're not just talking new and restored roads and bridges and dams and levees, but we're also talking a smart electric grid and the high-speed Internet and rail lines required for America to compete in the 21st century economy. We're talking about investments with impacts both immediate and lasting." He added, "We're moving forward with projects that connect communities across the country to broadband Internet, and connect 31 states via a true high-speed rail network. And what's more, a great many of these projects are coming in under budget."