AEM Announces Commitment to Transformational Investment in U.S. Infrastructure
“Equipment manufacturers believe that rebuilding and modernizing our nation’s infrastructure is always an optimistic choice. It reflects the collective belief that we need to make a transformational investment in infrastructure to grow our businesses, improve our quality of life, and protect our environment for the generations to follow.”
Equipment Manufacturers Join Forces with Brookings Institution to Support New Report
WASHINGTON, D.C. – The Association of Equipment Manufacturers (AEM) today announced its commitment to a set of national policy priorities to revitalize the infrastructure systems that move the American economy. This new affirmative vision for U.S. infrastructure – “Rebuild With Purpose: An Affirmative Vision for 21st Century American Infrastructure” – will be unveiled during an event hosted by the Brookings Institution this afternoon.
The report, made possible with vital funding provided by the Association of Equipment Manufacturers, outlines how infrastructure can continue to build long-term American competitiveness. It is not tied to current political cycles, legislative calendars, or which elected officials fill the country’s legislative chambers and executive mansions. The purpose of the report is to recommend shared priorities for a forward-looking national vision, justify them with rigorous research, and use those priorities to craft high-level strategies to inform policy change.
“Equipment manufacturers believe that rebuilding and modernizing our nation’s infrastructure is always an optimistic choice,” said Dennis Slater, president of AEM. “It reflects the collective belief that we need to make a transformational investment in infrastructure to grow our businesses, improve our quality of life, and protect our environment for the generations to follow. ‘Rebuild With Purpose’ reflects many of the policy priorities advanced by AEM’s Infrastructure Vision 2050, and we urge the business community and policymakers to embrace an affirmative vision for 21st century infrastructure and break free from the same old policies that have failed to move our country forward.”
AEM’s Infrastructure Vision 2050 offers an optimistic vision for how to build a modern, sustainable, and equitable infrastructure for all Americans. This bold initiative is advancing a forward-looking vision for American infrastructure that will help the United States respond to its biggest challenges in ways that improve the quality of life for all Americans, reinforce America’s global economic standing, and protect the planet. Today, under the leadership of the Infrastructure Vision 2050 Task Force, the equipment manufacturing industry continues to drive the national conversation about the future of U.S. infrastructure. More information about Infrastructure Vision 2050 is available at: www.IV2050.org.
“The equipment manufacturing industry is leading the way in advancing a new vision for U.S. infrastructure that will solve today’s challenges and capture future opportunities,” said Jason Andringa, CEO of Vermeer Corporation and Chair of AEM’s Infrastructure Vision 2050 Task Force. “As America approaches its 250th anniversary, we have a generational opportunity to renew our commitment to cutting-edge transportation, water, energy, and telecommunications infrastructure and boost our national competitiveness. The time to rebuild is now.”
The Association of Equipment Manufacturers are championing four key recommendations that will restore America’s economic competitiveness, enhance equipment manufacturers’ ability to meet the challenges and opportunities of the 21st century, and improve the lives of all Americans:
- Expand broadband connectivity, skills programming, and sensor deployments that deliver economic efficiency and equity in the digital age.
- Create new sector partnerships, expand work-based learning programs, and more visible outreach to disadvantaged and underrepresented workers to ensure infrastructure industries serve as a growing source of economic prosperity.
- Ensure states and localities are on a stable fiscal footing so that they can boost net infrastructure investment and experiment with new data and technology throughout the infrastructure design, planning, and construction process.
- Transition to renewable energy sources, limit development in vulnerable locations, and adopt more resilient building standards that can help avoid the worst environmental impacts while still adapting to an evolving climate.
The event this afternoon will feature keynote remarks by Senator Tom Carper (D-Del.), Chair of the Committee on Environment and Public Works, and Senator Maria Cantwell (D-Wash.), Chair of the Committee on Commerce, Science, and Transportation. A panel of notable experts, including Austin Ramirez, CEO of Husco and Vice Chair of AEM’s Infrastructure Vision 2050 Task Force, will discuss these key recommendations and how to design a policy that incorporates the best elements and solves 21st century challenges. The event kicks off at 2:00 p.m. ET and be viewed here: Rebuilding American infrastructure for the 21st century (brookings.edu).
The Brookings Institution is a nonprofit organization devoted to independent research and policy solutions. The conclusions and recommendations of any Brookings publication are solely those of its author(s). Brookings is committed to quality, independence, and impact in all of its work—and activities supported by its donors reflect this commitment.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 2.8 million jobs in the U.S. Equipment manufacturers also contribute $288 billion a year to the U.S. economy.