In recent years the United States has watched from the sidelines as developed and emerging nations rapidly invest in high speed rail, clean energy and other crucial infrastructure. Beyond questions of global competitiveness, substantial infrastructure investment holds the promise of millions of new jobs and multiplier effects that will benefit the entire economy.
It is clear that the time has come for the creation of regional and national infrastructure banks. Amid uncertainty about how to best manage a growing federal deficit, national and regional infrastructure banks are the best way to finance U.S. infrastructure objectives. This is especially true in an era of sustained fiscal duress in state and municipal government sectors, which shoulder some three quarters of public infrastructure spending.
Forward thinking proposals on national and regional infrastructure banks have already been advanced by President Obama, Congressman Steve Israel, and others.
FEATURING:
Honorable Scott M. Stringer, Manhattan Borough President
Honorable Steve Israel, United States House of Representatives, 2nd Congressional District of New York
Honorable Jerrold Nadler, United States House of Representatives, 8th Congressional District of New York
Bernard L. Schwartz, Chairman & CEO, BLS Investments LLP
Christopher O. Ward, Executive Director, The Port Authority of New York and New Jersey
Ed Rendell, Former Governor of Pennsylvania and founding member of Building America’s Future
Date: March 14, 2011
Time: 8:30 AM – 1:30 PM
Location: 151 East 25th Street Room 750
Website: http://www.baruch.cuny.edu/realestate/events/bankingonthefuture.html
Admission: Free
