More to Invest on Infrastructure, Private Capital Necessary
Small businesses are willing to invest in the nation’s infrastructure, ranking improved bridges, highways, water systems as top priority and more reliable utilities, ports, airports, and railroads, as second. Anticipating the critical outcomes of crumbling infrastructure and understanding the fact that investing in infrastructure will improve the economy, four out of five business owners stressed that the government should invest more in infrastructure, as reported in a survey conducted by American Society of Civil Engineers.
According to Trump’s infrastructure plan, private capital is necessary to tackle the nation’s infrastructure crisis. It can fill public budgetary gaps, present innovative financing options like social impact investing and can complete the projects efficiently. The combined strengths of public and private sectors can fetch great results in improving infrastructure.