(Feb 17, 2021) Policy Committee
HARRISBURG, Feb. 17 – Economic recovery, job creation, improved infrastructure and statewide development could benefit from a $4 trillion National Infrastructure Bank as discussed at today’s House Democratic Policy Committee hearing. The committee heard testimony and held a roundtable discussion on how implementation of the National Infrastructure Bank would help the state improve broadband access, address transportation needs and invigorate the economy. “We’re in need of a revolutionary approach to addressing technological and public safety needs. Invoking the National Infrastructure Bank would have impacts that reach every community of this state,” Policy Committee Chairman Ryan Bizzarro said. State Rep. Ed Neilson, co-host of today’s hearing, added, “If we have an opportunity to bridge the digital divide for both cities and rural areas, we must take it. Ultimately, our future depends on this investment. We can improve the trajectory of our economic recovery, help develop a workforce for the future and be a leader in both.” Macroeconomist Alphecca Muttardy noted that every $1 invested via the National Infrastructure Bank could generate a $3 to $7 return and that .09 cents of every dollar would go back to the state government in revenues. This return would help repay the low-interest loans used to fund projects. Stanley Forczek, an infrastructure expert having previously served Amtrak, highlighted that Read more