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https://www.parlia.com/o/states-in-u-s-should-establish-utilize-their-own

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ywang5y ago
**TL;DR: state infrastructure banks can generate sustainable and regional economic growth.** Currently, 32 states have state-level infrastructure banks. These entities serve as financial institutions to fund state-level infrastructure projects independent of federal programs. [1] State Infrastructure banks can produce sustainable and beneficial projects. While these banks may initially receive federal funding, they should, at least in theory, become self-sufficient in the long run. These banks can use payback to current loan projects to fund future ones. Hence, they create a sustainable market-based solution to infrastructure needs. Many of these projects have led to significant economic benefits. In California, the state infrastructure bank lent San Gabriel $3.8 million for street repairs, enabling the city to generate future economic growth. [1] Establishing these banks at state levels also creates additional benefits. Unlike federal programs, state infrastructure banks have proven better at identifying regional and local needs. These banks cooperate with the federal government only when they see benefits in doing so. Hence, they can ensure the best and most effective use of infrastructure investments in different circumstances. [2]. For these reasons, states in the U.S. should establish and utilize their infrastructure banks. [1]. DuPuis, Nicole, and Christiana McFarland. 2016. "Paying For Local Infrastructure In A New Era Of Federalism: A State-Level Analysis". National League of Cities. https://www.nlc.org/wp-content/uploads/2016/12/NLC_2016_Infrastructure_Report.pdf. [2]. Puentes, Robert, and Jennifer Thompson. 2012. "Banking On Infrastructure: Enhancing State Revolving Funds For Transportation". Project On State And Metropolitan Innovation. The Brookings Institution. https://www.brookings.edu/wp-content/uploads/2016/06/12-state-infrastructure-investment-puentes.pdf.
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