Study: Infrastructure spending has double the impact
A study has found that over two years, one dollar spent on infrastructure construction produces roughly double ($1.92) the initial spending in direct and indirect economic output.
Researchers at the College of William and Mary’s Thomas Jefferson Program in Public Policy determined each dollar spent on infrastructure generates roughly 35 cents in indirect economic activity for manufacturers, 20 cents for professional and business services providers, and 10 cents for the finance, insurance, real estate, rental, and leasing sector. Over 20 years, one dollar in aggregate infrastructure spending generates 96 cents in taxes. Each dollar invested in highways and streets returns approximately 35 cents in tax revenue over two decades. The study was commissioned by Associated Equipment Dealers.
From our partners
Sandvik Construction launches the newly developed CH540 cone crusher - the latest…
MORE FROM Aggbeat Online
Manufacturer news: McLanahan hosts first Frac Sand Processing School in Wisconsin; The Volvo Group sponsors Ocean Summit on Marine Debris; CEMA publishes 7th Edition Belt Conveyors for Bulk Materials; Superior Industries acquires Clemro Western Ltd.; Metso launches new global website; Xylem launches new online interactive dewatering platform; Eriez offers 5-Star Service Program; JCB Finance enters partnership with Bank of the West
SUBSCRIBE & FOLLOW
- Lower oil prices send mixed signals to frac sand producers294 Views
- Legislation stopping proposed Waters of the U.S. rule passes Transportation and Infrastructure committee with bipartisan support178 Views
- Bipartisan highway bill would tie federal gas tax to inflation, create transportation commission177 Views
- Lafarge and Holcim announce U.S. asset divestments required by Federal Trade Commission for merger142 Views
- Eagle Scout project rebuilds DeSoto State Park hiking trail from stone found in old quarry at park142 Views