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Economic Impact of Investing in Water Infrastructure
March 27, 2017
As a part of its Value of Water campaign, the U.S. Water Alliance has released a new report, The Economic Benefits of Investing in Water Infrastructure, which reveals how closing the water infrastructure funding gap could spur growth in the U.S. economy and create new employment opportunities.
According to the report, increasing investment in water infrastructure has the potential to create 1.3 million jobs and generate $220 billion in economic activity. It also finds that failing to provide solutions for antiquated and overstressed water, wastewater and stormwater management systems could have severe economic costs. At a national level, a one-day disruption in water service can lead to a loss of $43.5 billion in sales and $22.5 billion in GDP.
Water is a fundamental element to economic health and investing in water infrastructure will help build a prosperous America. Meeting the investment need requires collaboration across public and private sectors, including strong partners at the local, state and federal level. The funding gap is significant, but the benefits of filling the gap are far greater.