Spending on energy-related, building equipment and sustainable transportation can stimulate regional economic activity and new business development, according to results announced from regional studies conducted by Economic Development Research Group and Siemens at the Infrastructure Week kickoff event in Washington, D.C.
“When you spend on infrastructure, you get a multiplier effect that boosts productivity and attractiveness for investment,” said Eric Spiegel, president and CEO of Siemens USA. “Infrastructure Week brings much-needed attention to invest in the systems and structures that power the economies in our cities, states and across the nation. As a company that works with cities building the infrastructure of tomorrow in more than 190 countries around the world, we believe this is precisely the kind of focus we need to create jobs, growth and economic opportunity for American workers in the 21st century.”