The Importance of Investing in Local Infrastructure: Looking Ahead to 2025
Infrastructure is the foundation of daily life in every community. It is essential to both our economic development and our standard of living; from the roads we travel on to the bridges we cross and the water systems that sustain us. Investments in local infrastructure are becoming more urgent than ever as we approach the new year.
A Growing Challenge
America’s infrastructure is aging. According to the American Society of Civil Engineers (ASCE), the nation’s infrastructure earned a C- on the 2021 Report Card, highlighting years of underinvestment. (1)
Roads and bridges, which form our local economies, require significant updates to meet modern demands. The 2024 Illinois Infrastructure Report Card paints a similar picture, noting that 21% of the state’s roads are in poor condition, costing drivers an estimated $18.3 billion annually in additional vehicle operating costs.(2)
Locally, municipalities face unique challenges. Limited budgets, increasing maintenance costs, and changing climate patterns combined make it difficult to meet infrastructure needs. However, these challenges also present opportunities for innovation and growth.
Economic Ripple Effects
Investing in infrastructure isn’t just about repairs; it’s about creating jobs, stimulating local economies, and improving community resilience. The U.S. Department of Transportation estimates that every $1 billion spent on transportation projects supports over 13,000 jobs.(3) These jobs benefit construction crews and extend to suppliers, engineers, and even local businesses that support workers during projects.
Beyond employment, well-maintained infrastructure attracts businesses, reduces vehicle operating costs, and boosts property values. It’s a direct investment in the future vibrancy of our towns and cities.
The Role of Sustainability
Modern infrastructure projects must also address sustainability. According to the National Asphalt Pavement Association (NAPA), “Recycling asphalt pavements is an environmentally and economically sustainable solution. Using RAP can reduce greenhouse gas emissions by as much as 40% compared to producing new asphalt materials.”(4) This aligns with community efforts to reduce carbon footprints while maximizing resource efficiency.
At PT Ferro, we have embraced sustainable practices, integrating materials and technologies into our projects that benefit the environment and ensure that infrastructure improvements remain cost-effective for taxpayers.
A Call To Action
As we look ahead to 2025, the message is clear: investment in local infrastructure is not optional—it’s a necessity. Municipalities, private contractors, and residents must work together to prioritize projects that address immediate needs while planning for long-term growth.
Infrastructure is the foundation of our communities. When we build better, we all rise together.
At PT Ferro, we’re committed to doing our part. Whether it’s improving local roads, implementing sustainable practices, or fostering community partnerships, we understand that every project contributes to a stronger, more connected future in infrastructure.
Looking Ahead
The road to 2025 is paved with challenges, but it is also filled with promise. By investing in infrastructure now, we’re not just repairing what’s broken; we’re building a legacy for future generations.
Together, let’s prioritize, innovate, and invest in the future of infrastructure.
References:
- https://infrastructurereportcard.org
- https://infrastructurereportcard.org/wp-content/uploads/2024/04/IL-2024-State-Fact-Sheet-ASCE.pdf
- https://www.transportation.gov/sites/dot.gov/files/docs/Workforce_DOT_Reuth_FINAL_2014.pdf
- https://www.asphaltpavement.org/uploads/documents/Climate/NAPA-SIP109-TheCarbonFootprintOfAsphaltPavements-March2024.pdf
