Business Leaders Call for Infrastructure Investment to Jump-Start the COVID-19 Economy
According to the CED, an efficient investment in cutting-edge infrastructure supports critical components for putting our economy back on solid footing.
The Committee for Economic Development (CED) of The Conference Board (CED) recently announced that it is calling for policymakers and businesses to work together to put an emphasis on infrastructure spending now in order to kick-start the U.S. economy in the face of the coronavirus-related downturn. The COVID-19 crisis has made U.S. infrastructure deficits an even more pressing 2020 issue in addressing slowdowns in the economy.
According to the CED, an efficient investment in cutting-edge infrastructure supports critical components for putting our economy back on solid footing: connects businesses and workers to more opportunities; advances the capabilities for remote work, education, and ecommerce; increases productivity; and fuels American competitiveness. Among other things, this will require reducing regulatory burdens, enabling state and local communities maximum flexibility in financing projects, and fostering public-private sector partnerships.