"Putting the Inner City First," is a series of briefings that summarize key policy recommendations extending from ICIC’s research.
In last night’s State of the Union Address, President Barack Obama announced his support for additional infrastructure spending in an effort to spur job creation. This comes on the heels of the House of Representatives making highway and transportation investment a major theme of its recent jobs bill, with the Senate largely expected to do the same. This spending offers a tremendous potential return on investment in terms of job creation, particularly in America’s inner cities. As the U.S. considers additional infrastructure investment opportunities, two principles should be followed. First, investment should target geographies with a high concentration of heavily traveled roads and bridges in order to maximize the impact of projects. Second, infrastructure spending should be channeled towards those communities with a high percentage of deteriorating infrastructure because these areas are at the heart of broader job losses. An approach that is grounded in these principles will most effectively target infrastructure improvements, enhancing regional and national competitiveness while maximizing job creation. Inner cities are the ideal location for additional infrastructure spending. Inner cities have incredibly high concentrations of infrastructure assets, including water ports, intermodal facilities and the country’s largest airports. Per square mile, the average inner city has roughly 100 times as many of these assets as the rest of the U.S. This infrastructure is also the core of regional transportation and distribution systems. By investing in inner city infrastructure, the U.S. has a great opportunity to strengthen the competitiveness of both local and regional economies. Key Takeaways:
For additional information, please refer to the data appendix. |