September 12, 2011

Obama’s Call For Infrastructure Spending Will Benefit Washington Metropolitian Area

The 2030 Group supports the President’s call for Congress to act on infrastructure investments to create jobs and improve our region’s quality of life

Washington, D.C. – President Obama today will formally submit the American Jobs Act to Congress, specifically calling for spending on bridges, public transit, schools, transportation and construction projects. The 2030 Group supports this proposal saying it will help the national capital region address many of its infrastructure challenges that are a result of the exponential growth the Washington area expects to see over the next twenty years and will help boost job creation in the region.

President of the 2030 Group, Bob Buchanan, issued the following statement today:

“The Washington metro-area is likely to double the size of its economy over the next 20 years – as it did over the past 20 years. However, we currently do not have the regional planning and implementation structure needed to support this growth. On an issue such as transportation, the number of commuters driving into and around the region will further stretch roads currently at or near capacity. Transportation funds for Virginia, Maryland and the District are consumed by maintenance and the coffers are not flush enough to think beyond the immediate needs. We need a bold, forward-thinking and regional solution – and a national infrastructure bank is a step in the right direction.

“The capital area is in dire need of long-term transportation solutions and the ability to execute them in order to absorb the expected growth in the region, sustain economic prosperity, and experience the high quality of life we are capable of achieving. This will not happen, however, unless we address these challenges in a regional, collective manner – not just by jurisdiction as we are doing today. We urge Congress to support the President’s initiative and ask them to come together to fund a national infrastructure bank for needed investments which will benefit the US economy as well as this region.”

The 2030 Group is an association of Washington metropolitan area business leaders focused on regional long-term decision-making and solutions. The mission of the 2030 Group is to initiate academic research and analysis to better understand the growth trends affecting our region today and over the next twenty years and translate those into action-oriented results for greater regional cooperation. For more information, please visit www.The2030Group.org 

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