Charlotte Chamber: All in for transportation funding
As part of their Grow America tour, Vice President Joe Biden and U.S. Transportation Secretary (and former Charlotte Mayor) Anthony Foxx met with local business and civic leaders in Charlotte this week. Their tour serves to promote the President's proposal to rebuild or replace America's crumbling infrastructure.
The Charlotte Chamber of Commerce was in attendance and is in support of congressional action on infrastructure funding. (Click here to hear reactions from chamber leaders invited to attend.) According to Bob Morgan, president of the chamber, the Charlotte region currently has two million residents, and is expected to reach four million within the next 20-30 years. As the fourth fastest growing state in the nation, funding infrastructure to support that growth is a major concern. Although the Charlotte region has great plans for economic growth and infrastructure improvement, their ability to execute those plans relies heavily on federal action.
The president's proposal, which includes $478 billion in transportation infrastructure investment over six years, serves to solve the transportation funding problem. The Highway Trust Fund is expected to once again run out of money in May 2015 if congress does not act. There is still much debate over the best way to pay for increased transportation funding, but one thing is clear: something needs to be done, and soon.
Although transportation funding is a priority in Charlotte, it is also vital to all cities, regions and states across the country. A nationwide coalition of Chambers has banded together in support of congressional action on this issue. To find out more information about the coalition, their letter to congress, and how you can join the Charlotte Chamber in support of this issue, visit acce.org/transportation.