President Joe Biden announced a new $2.3 trillion dollar infrastructure proposal, the American Jobs Plan, in Pittsburgh, Penn. yesterday. Biden's plan includes a number of provisions important to AEM, including prioritizing fixing highways, rebuild bridges, upgrade ports, airports, and transit systems as well as elements deigned to revitalize manufacturing. AEM president Dennis Slater issued the following statement to applaud President Biden's plan: 

“The Association of Equipment Manufacturers has long championed a transformational investment in our nation’s infrastructure that grows our businesses, creates more family-sustaining jobs, improves our quality of life, and protects our environment for the generations to follow,” said Dennis Slater, president of the Association of Equipment Manufacturers. “President Biden’s plan reflects many of the priorities outlined in AEM’s ‘The U.S. Infrastructure Report’ framework, including modernizing aging infrastructure assets to guarantee our global economic competitiveness, expanding broadband connectivity, creating new sector partnerships, boosting work-based learning programs, and ensuring that state and local governments have the fiscal resources they need. Agreeing on a long-term and sustainable funding mechanism that ensures the long-term competitiveness of the U.S. economy will require compromise, and we are committed to engaging constructively with all stakeholders to reach consensus. Equipment manufacturers applaud President Biden for seizing this generational opportunity to rebuild our country and jumpstart the economy, and we look forward to working with his administration, as well as both parties in Congress, to swiftly advance and pass commonsense and bipartisan legislation under regular order. The time to act is now.” 

Look for a detailed analysis of President Biden’s infrastructure plan from AEM’s Advocacy Team in next week’s AEM Industry Advisor. 

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