The American Chemistry Council recently hosted a luncheon with Congressman Garret Graves of Louisiana and PricewaterhouseCoopers (PwC) to discuss the importance of improving our nation’s transportation infrastructure.
As Congressman Graves noted during the discussion, chemistry has the potential to bring about “transformational change” in the US economy. With new monetary investments on the way, the chemical and manufacturing industries can bring thousands of new jobs to Americans and billions of dollars in economic output.
To ensure that the chemical and manufacturing industries live up to their potential, Congressman Graves, ACC President and CEO Cal Dooley, and Mark Lustig of PwC, all agreed on the importance of federal financial investment in transportation infrastructure. Improving transportation across the nation will decrease both the amount of time needed to transport manufactured goods from facility to consumer and decrease the cost of that transport.
The group also expressed their shared belief that while investing in infrastructure may be costly upfront, by aiding commerce and saving manufacturing companies money on logistics, making principle investments to update the infrastructure needs of an expanding economy is ultimately more cost effective than ignoring the problem.
It is encouraging to the business of chemicals and manufacturing that the new presidential administration has expressed support for a major infrastructure bill, and an investment in infrastructure should be encouraging to the US economy at large, as well. With increased federal investments in transportation infrastructure, the chemical and manufacturing industries and the economy would be able to move forward, full speed ahead.