Page 19 - THE SOUTH CHINA BUSINESS JOURNAL
P. 19
Ohio Pennsylvania
Ohio is the country’s second-largest state Pennsylvania’s coal industry
for auto manufacturing, falling just behind fueled American manufacturing
Michigan in total vehicle production. innovation since the mid-1700s.
According to an analysis by Kelly Blue Now, however, abandoned
Book, sales of electrified vehicles (EV) mines pose environmental
increased 62% for fiscal year 2021. Included and public health risks to
in the infrastructure bill is $140 million to Pennsylvanians. The bipartisan
expand electric vehicle charging networks infrastructure package would
throughout the state. Other EV provisions nearly double the country’s
in the bill, such as increased electric battery funding for abandoned mine
development spending, will further increase lands reclamation, Pennsylvania
demand for new electric vehicles. would receive upward of $3
billion for this purpose.
Illinois
New Jersey
Illinois is a central hub in American
aviation. Last year over 87 million In 2019, 263 million trips
commercial passengers flew through the were recorded across the
state. The states’ airports account for New Jersey Transit system,
upwards of $50 billion in economic output including 87.9 million rail and
and over 360,000 jobs. Recently, however, 24.1 million light rail trips.
freight operators have diverted away Funding critical projects like
from O’Hare International Airport due to the Gateway Program between
congestion. Through the Infrastructure New Jersey and New York, will
Investment and Jobs Act, Illinois would create billions in new economic
greatly benefit from the $25 billion increase revenues and improve the
in airport funding. efficiency of travel throughout the
Northeast corridor. New Jersey
is expected to receive over $4.1
billion through the bipartisan
infrastructure package to fund
critical transportation projects.
Florida
Florida’s fifteen seaports account for
close to 13% of the state’s GDP and
generate roughly 900,000 jobs and $117
billion in economic value. Modernizing
and expanding the ports will not only
increase the system’s capacity but
also its efficiency, reducing wait times
and congestion that hurts trade and
impacts consumers. The Infrastructure
Investment and Jobs Act will invest
upwards of $17 billion in the nation’s
ports over the next five years.
SOUTH CHINA BUSINESS JOURNAL 16
Ohio is the country’s second-largest state Pennsylvania’s coal industry
for auto manufacturing, falling just behind fueled American manufacturing
Michigan in total vehicle production. innovation since the mid-1700s.
According to an analysis by Kelly Blue Now, however, abandoned
Book, sales of electrified vehicles (EV) mines pose environmental
increased 62% for fiscal year 2021. Included and public health risks to
in the infrastructure bill is $140 million to Pennsylvanians. The bipartisan
expand electric vehicle charging networks infrastructure package would
throughout the state. Other EV provisions nearly double the country’s
in the bill, such as increased electric battery funding for abandoned mine
development spending, will further increase lands reclamation, Pennsylvania
demand for new electric vehicles. would receive upward of $3
billion for this purpose.
Illinois
New Jersey
Illinois is a central hub in American
aviation. Last year over 87 million In 2019, 263 million trips
commercial passengers flew through the were recorded across the
state. The states’ airports account for New Jersey Transit system,
upwards of $50 billion in economic output including 87.9 million rail and
and over 360,000 jobs. Recently, however, 24.1 million light rail trips.
freight operators have diverted away Funding critical projects like
from O’Hare International Airport due to the Gateway Program between
congestion. Through the Infrastructure New Jersey and New York, will
Investment and Jobs Act, Illinois would create billions in new economic
greatly benefit from the $25 billion increase revenues and improve the
in airport funding. efficiency of travel throughout the
Northeast corridor. New Jersey
is expected to receive over $4.1
billion through the bipartisan
infrastructure package to fund
critical transportation projects.
Florida
Florida’s fifteen seaports account for
close to 13% of the state’s GDP and
generate roughly 900,000 jobs and $117
billion in economic value. Modernizing
and expanding the ports will not only
increase the system’s capacity but
also its efficiency, reducing wait times
and congestion that hurts trade and
impacts consumers. The Infrastructure
Investment and Jobs Act will invest
upwards of $17 billion in the nation’s
ports over the next five years.
SOUTH CHINA BUSINESS JOURNAL 16
