There is a lot of talks these days about the U.S. Chamber of Commerce, infrastructure reform, and the jobs market. Small businesses and large enterprise alike is poised to benefit from the incoming infrastructure spending bills that the current administration is vying for, but the ways in which these new spending and development proposals will impact the economy and the quality of life enjoyed by the average American isn’t readily apparent.
The truth is that infrastructure spending is something that all U.S. administrations take on. Furthermore, there exists a direct link between infrastructure spending by the federal government and private economic growth. This potent mix of spending leads to improvements in the quality and comfort of life enjoyed by American citizens all over the United States and within widely varied economic and social groupings.
There are so many projects ongoing at any one time in the United States that it can be hard, if not impossible to account for all of them without the help of a dizzying array of government agencies. This article seeks to address the link between infrastructure spending reform and the economic boom that improvements in this arena can bring to the lives of the people and small businesses in your community.
Infrastructure means a lot of things. Most importantly, it means “jobs.”
There exists a huge spectrum of infrastructure projects from bridges and roads to the installation of new telecommunications equipment or solar power collection farms around the nation. Infrastructure is, in essence, the large scale systemic improvements that make your life easier. Roads, tunnels, and power plants are some of the most visible examples of these projects, yet the capacity to deliver uninterrupted internet service to the majority of the country exists within this realm as well.
American infrastructure is lagging, yet it’s because of the expansiveness of historical projects that coronavirus vaccine doses are making it into the arms of vulnerable Americans at an unprecedented rate of speed. Shelves remain stocked during emergencies, and small businesses are able to continue trading in whatever sector they participate within as a result of huge swaths of American roadways, rail, air, and sea routes that bring goods from source to consumer in short order.
Perhaps the most important aspect of the concept of infrastructure reform is the increased number of jobs required to complete the projects. As the United States trudges through the worst spike in unemployment on record as a result of the coronavirus pandemic, the influx of new infrastructure roles will dramatically change the outlook of the U.S. workforce.
Suzanne Clark, the U.S. Chamber of Commerce CEO is backing infrastructure reform as a means to infuse new energy into the U.S. economy, and many other leading experts agree with this sentiment. A change in the way Americans view infrastructure and immigration, according to Ms. Clark, will tip the current balancing act in favor of increased growth of the economy and a return to good times. With the stock market roaring back beyond its pre-crash levels, the only thing left to see is a return to the job market for those suffering from the economic disaster that was the Covid-19 pandemic.
Small businesses will benefit immensely from this focus.
President Biden has signaled that his administration and the party as a whole will be working toward a massive overhaul of sustainable energy production, road works, and other infrastructure categories while putting the burden of job creation at the forefront of each of these drives for increased quality of life.
Small businesses stand to gain the most from these improvements. These operations are the lifeblood of American society, with almost 90% of all commercial operations employing fewer than 20 workers.
Restaurants looking to bring in new equipment are particularly well poised to take advantage of the recovery efforts. With new Atosa freezers, state of the art cooking ranges, and other new installations, restaurants stand ready to return to full capacity dining and the ability to provide the community experience that we’ve all been missing for more than a full calendar year. Stainless steel appliances, shelves, and refrigerator, and freezer solutions are a perfect way to reintroduce kitchen staff to the work room.
Bringing the economy in your community back from the brink will take a full throated effort, and businesses will lead the way.