It will generate quality jobs at small businesses all

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Unformatted text preview: g a lasting market for passenger rail companies, helping firms from the region acquire technology and expertise, and helping workers develop the skills to enter this new industry, Midwestern states can develop a new foothold in an international manufacturing industry. The single most important step that policymakers can take to build a domestic passenger rail manufacturing base is to commit adequate funding to high-speed rail over the long term. Midwestern firms will only invest in new production facilities and product lines if they are confident that there will be sustained demand for their products. By demonstrating an ongoing commitment to building and operating a high quality passenger rail system, the Midwestern states can create an environ- ment in which local manufacturers have a dependable base of demand from which to build. As discussed below, this will require a commitment from state and federal gov- ernment to provide stable funding for high speed rail operations and construction. Ultimately, the full economic benefit of a revived passenger rail industry lies in Midwestern firms producing not just for the region’s own needs, but also for the world market in passenger rail...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas.

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