Washington Business Winter 2020 | Washington Business | Seite 15

eye on business Transportation Remains Key to Economic Growth Kris Johnson, AWB President Passage of Initiative 976 last fall changed almost everything about how policymakers look at transportation funding in Washington state. I-976 removed an estimated $3.5 billion in state transportation funding revenue over the next 10 years, including $478 million from this year’s budget. Instead of considering whether to move forward w i t h a n e w t ra n s p o r t a t i o n f u n d i n g package this year, lawmakers are faced with plugging holes. Overnight, the initiative’s passage guaranteed that transportation funding would be a focus — if not the focus — of the short 60-day legislative session. One thing that didn’t change, however, is the fundamental need to invest in Washington’s core infrastructure. L a s t y e a r, AW B j o i n e d w i t h t h e associations representing Washington’s cities, counties, and ports to publish a report outlining $222 billion in needed infrastructure investment throughout the state. As the report made clear, infrastructure consists of more than just roads and bridges: It’s also energy, rail, ports, water, and broadband. Those are all investments that employers, communities and families still need, not only for the 7.5 million people who live here now, but also for the estimated 2 million new residents who will move to Washington by 2040. Investing in Washington’s infrastructure will yield dividends for years to come. The report found that making the needed investment will create an estimated 706,000 to 770,000 direct and indirect jobs throughout the state. So, what now? Voters made it clear they don’t want to fund new transportation projects with higher car-tab fees. That means lawmakers will need to find solutions that respect the will of voters while continuing to make needed investments in Washington’s infrastructure. Finding these solutions won’t be easy, but transparency will help. Whatever solutions lawmakers come up with will need to be proposed and discussed in an open, public process if they wish to gain widespread support. Investment from the federal government would also help. One of the reasons AWB and the other partners compiled our report on Washington’s infrastructure needs is to demonstrate that Washington is prepared to act quickly and make smart use of resources when the opportunity arises. Hopefully, that opportunity will come soon. During our D.C. Fly-In in December, AWB members stressed the importance of infrastructure investment during meetings with the members of Washington’s congressional delegation. In addition, the U.S. Chamber of Commerce and the National Association of Manufacturers continue to advocate for federal infrastructure spending, something that historically has been a nonpartisan issue. There are reasons for optimism. Last year, the Legislature took its first steps to bring fast and reliable internet to rural areas, but there’s much more work to be done. Reaching these areas that currently lack broadband service — something as essential to economic growth now as electricity was a century ago — will require an estimated $1 billion. For AWB, this is an issue that’s central to our mission of being a catalytic leader and unifying voice for economic prosperity throughout Washington. Achieving that mission requires that we build and maintain an efficient infrastructure system that links employers and communities to each other and to the world. With the passage of I-976, there are many unanswered questions, but this much is clear: We need solutions that keep the state moving forward. winter 2020 15