Join ASCE Government Relations and Infrastructure Initiatives on May 22nd at 3:00 pm Eastern Time to explore the new economic study, “Bridging the Gap”, examining the widespread benefits of continued, robust infrastructure investments and how they impact the nation’s GDP, the job market, personal disposable income, and business sales, while also highlighting the economic consequences of inaction.
The prior study, “Failure to Act ”, released before the Infrastructure Investment and Jobs Act’s (IIJA) passage, estimated an infrastructure investment gap of $2.6 trillion over a 10-year span across infrastructure sectors that include transportation, water and wastewater, airports, inland waterways and ports, and the energy grid. Failure to Act, as well as the corresponding 2021 Report Card for America’s Infrastructure, were critical reports for Congress as they prioritized funding in the IIJA.
Bridging the Gap is ASCE’s first analysis of the economic impacts of the IIJA. The new report examines the infrastructure investment gap over the next 10 and 20 years, looking at both the gap if IIJA remains the federal spending baseline across infrastructure categories, as well as the economic ramifications if Congress discontinued the increased investments once the IIJA expires in 2026.
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