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The federal government shutdown has held up critical infrastructure funding just as states across the country have a dire need for infrastructure investment. A #WhyStatesMatter thread (with action!)
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States can’t wait for federal action that may never come. State legislators can fix this: A state infrastructure bank can become a secret weapon to repair roads, fix poisoned pipes and lead in Internet access—all while creating jobs.
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A state “infrastructure bank” is a nimble lending agency that supports infrastructure projects with initial seed funding, sustaining itself by recouping funding from the economic benefits the projects create. https://www.americasgoals.org/6a/infrastructure-bank …
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Across the country, from CA to SC, state infrastructure banks are a tested way to shore up levees, fix potholes & expand economic opportunity. Last year RI's infrastructure bank created over 2,100 jobs & financed more than $81M in clean water, road & efficient building loans.
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One more: The South Carolina I-bank was behind one of the Western Hemisphere’s longest cable bridges. https://www.tylin.com/en/projects/arthur_ravenel_jr_cooper_river_bridge …
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