With the social distancing and stay-at-home mandates precipitated by the COVID-19 pandemic and the consequent general economic downturn, demand for air service has been reduced to essential travel.
The idea of infrastructure as a necessary ingredient for U.S. economic growth is as old as the republic. Recently, EDR Group completed a series of studies for the American Society of Civil Engineers where we looked at different types of infrastructure and addressed the question of what would happen in the national economy if the infrastructure we have in place decays. The real stories in all four studies are in dollars that will be lost to the nation. The country’s infrastructure is aging, and not keeping pace with population and employment growth. This jeopardizes clean water delivery, sewer and wastewater services, and access to reliable electricity and transportation. These impacts in turn affect locations of businesses and households, and will cost them money as they compensate for poor services.