What’s the Problem?
The West Coast states face a $1 trillion infrastructure financing gap over the next 30 years. The Great Recession and slow economic recovery have strained the tax revenues of state and local governments, widening the already well-documented infrastructure investment gap.
What’s the Solution?
The West Coast Infrastructure Exchange (WCX) was created by Oregon, Washington, California, and British Columbia to help redesign the way they plan, build, and finance public infrastructure. WCX works to attract private investment in public projects, share best practices, bundle smaller projects and incorporate climate resilience. This multi-state collaboration will help find innovative ways to fund necessary projects that may not otherwise get completed by relying only on traditional public funding. Through these infrastructure projects, the WCX aims to promote job creation and improve the region’s long-term economic competitiveness over time.
More information about the NewDEAL can be found at: http://newdealleaders.org/.