It will provide businesses the confidence they need

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Unformatted text preview: Midwest—would create close to 58,000 permanent jobs and approximately 15,200 construction jobs during a 10-year development phase. The overall boost to the economy is estimated at $23 billion.36 Building this better passenger rail network would create more jobs than if the same amount of money were spent on highway construction.37 HSR Key to job creation – business confidence and job creation Office of the vice president, February 08, 2011 (press release, http://www.whitehouse.gov/the-press-office/2011/02/08/vice-president-biden-announces-six-yearplan-build-national-high-speed-r; DKE) [By clarifying the long-term federal role in passenger rail, this six-year program will provide states and cities with the certainty they need to make long-term transportation plans for their communities. It will provide businesses the confidence they need to hire American workers. Strong Buy American requirements will create tens of thousands of middle-class jobs in construction, manufacturing, and rail operations. And the proposal will open the door to new public-private partnerships, and attract significant private investment in developing and operating passenger rail corri...
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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 at Austin.

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