Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement on President Biden’s plan to rebuild the nation’s infrastructure and ensure that equipment manufacturers can successfully compete in the global economy.

“The Association of Equipment Manufacturers has long championed a transformational investment in our nation’s infrastructure that grows our businesses, creates more family-sustaining jobs, improves our quality of life, and protects our environment for the generations to follow,” said Dennis Slater, president of the Association of Equipment Manufacturers. “President Biden’s plan reflects many of the priorities outlined in AEM’s ‘The U.S. Infrastructure Report’ framework, including modernizing aging infrastructure assets to guarantee our global economic competitiveness, expanding broadband connectivity, creating new sector partnerships, boosting work-based learning programs, and ensuring that state and local governments have the fiscal resources they need. Agreeing on a long-term and sustainable funding mechanism that ensures the long-term competitiveness of the U.S. economy will require compromise, and we are committed to engaging constructively with all stakeholders to reach consensus. Equipment manufacturers applaud President Biden for seizing this generational opportunity to rebuild our country and jumpstart the economy, and we look forward to working with his administration, as well as both parties in Congress, to swiftly advance and pass commonsense and bipartisan legislation under regular order. The time to act is now.”

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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.