BAB invites you to this to this curated roundtable to explore the possibility of leveraging infrastructure development & investment to forestall the looming economic crisis. We will be joined by Beth Ann Bovino, Chief US Economist, S&P Global, and author of S&P Global’s report, Infrastructure: What Once Was Lost Can Now Be Found — The Productivity Boost; Murray Rowden, Regional Managing Director, Americas and Global Head of Infrastructure, Turner & Townsend and Travis Terry, Chief Operating Officer, Capalino+Company who will provide their perspectives & insights to lead this discussion.
Major disruptions from the global pandemic have caused the end of the longest U.S. economic expansion in our history. It’s now forecasted that U.S. economic activity will shrink by 11.8% –or $566 billion in real terms–from peak to trough; and over 30 million jobs will be lost at the lowest point, wiping out the job creation gains from the last 25 years.
However, in every crisis there is opportunity. The pandemic is happening at a time when corporate leaders are re-focusing their priorities on climate change & sustainability, thereby creating a greater urgency to invest in infrastructure. A major ($2.1 trillion) boost in public infrastructure spending over a 10-year period could add as much as $5.7 trillion to the U.S. over the next decade, and create 2.3 million jobs by 2024 as the work is being completed.
This discussion will address:
- Infrastructure as an economic stimulus – what are the lessons from history? How do governments adjust their role and spending to secure long term growth combined with short term stimulus? What will they need to consider? How do they factor in social and global compact considerations?
- Developments in the infrastructure planning and creating the places for the future – What is the future of city working? What are the scenarios, features and factors of the new urban landscape?
- What funding source should be utilized – public or private, or a “mixed economy” – which is a combination of both?