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The Economic Benefits of Investing in Water Infrastructure
March 22, 2016 Emily Feenstra Deputy Director, US Water Alliance
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Our Supporters We are proud to join other leaders in the water industry to support the Value of Water Campaign. The Value of Water Campaign educates and inspires the nation about how water is essential, invaluable, and in need of investment.
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Our Goals Increase understanding of the value of water with public officials, business, civic leaders, media, and customers Drive support for investment in water infrastructure Foster collective action among diverse organizations Goal #1: Increase understanding and appreciation about the value of water with public officials, business and civic leaders, media, and customers. Goal #2: Drive support for sustainable water resource strategies and investment in water infrastructure. Goal #3: Foster collective action among diverse organizations who view water as fundamental to America’s economic strength, environmental sustainability, and community well-being.
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Research & Publications
Our Work Imagine A Day without Water – October 12, 2017 Education & Awareness Infrastructure Week – May 15-19, 2017 Congressional Briefings High Impact Events The Value of Water Toolkit 2016 Value of Water National Poll The Economic Benefits of Investing in Water Infrastructure Research & Publications
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The Economic Benefits of Investing in Water Infrastructure
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Filling the Gap Day without Water Productivity Savings
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Distribution of Water Infrastructure Need
The US needs to invest a total of $123 billion per year in water infrastructure over the next 10 years (in current 2016 dollars) to achieve a good state of repair.
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Annual Federal Investment Per Capita
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Filling the Gap Filling the gap results in 1.3 million jobs per year and $220 billion in annual economic activity
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Employment Impact of Water Investment vs. Metro Area Employment
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Water-related employment creates quality middle class jobs
Water related employment provides an average wage of $63,000 per year This is 20% above the national average
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Jobs per $1 Million of Investment in the Water Sector Compared to Other Sectors
Values expressed in constant 2016 dollars. Heintz 2009, Heintz 2011, PA Consulting 2009, Brun 2014, USDOT 2013
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A Day without Water A one-day disruption in water service represents loss of $43.5 billion in sales and $22.5 billion in GDP
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Costs of Service Disruption in terms of National GDP lost
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Water Dependent Industries are in All Sectors of the U.S. Economy
Junior Colleges, Colleges, Universities, and Professional Schools Basic Organic Chemical Manufacturing Full-Service Restaurants Aircraft Parts/ Auxiliary Equipment Manufacturing 4,700 gallons/ $1,000 in sales 1,100 gallons/ $1,000 in sales 300 gallons/ $1,000 in sales 300 gallons/ $1,000 in sales
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Maintaining Water Infrastructure Supports $94 billion in Annual Productivity Savings
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Conclusion Investments in Water Infrastructure: Generate high quality jobs Increase competitiveness for businesses Lead to injection in economic activity
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Thank you Emily Feenstra Efeenstra@uswateralliance.org
@thevalueofwater
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Water=Jobs The Economic Opportunity of Investing in Water Infrastructure
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