ADVANCE ECONOMIC DEVELOPMENT
Advancing economic development through infrastructure improvements is a crucial strategy for promoting growth and prosperity. It is essential for governments and private sector entities to collaborate and advance economic development through improving infrastructure. Public‑private partnerships can be particularly effective in funding and executing large‑scale infrastructure projects. There are several ways in which infrastructure improvements support economic development.
» Transportation improvements, including upgrading rail connections, roads, and bridges can lead to better connectivity and lower transportation costs. » Enhanced connectivity and investing in reliable high‑speed internet and telecommunications infrastructure improve access to information, supports e‑commerce, and enables businesses to reach global markets. » Energy infrastructure investments in energy generation, transmission, and distribution can reduce energy costs, increase productivity, and attract investment.
» Water, wastewater, water supply, and sanitation improvements can reduce disease, increase labor productivity, and support agriculture. » Building resilient infrastructure, can reduce the economic losses associated with disasters and can support faster recovery. » Infrastructure projects often create jobs directly through construction and maintenance activities.
Statewide Infrastructure Plan
Plan Strategy | 31
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