• ​​The U.S. faces more than a $2 trillion infrastructure funding gap, defined as needed investment less estimated funding, through 2025. The country’s overall grade on the state of infrastructure is a D+, according to the American Society of Civil Engineers.^1​
  


• State and local governments are responsible for public infrastructure as they own over 90% of non-defense public infrastructure assets.² Unfortunately, state and local government spending on infrastructure is at the lowest level in over half a century.³
  


• The Trump administration proposed a $1.5 trillion infrastructure plan earlier this year. However, lawmakers are currently exchanging ideas about how to fund potential legislation and a firm plan has not yet materialized.
  


• Potential beneficiaries of a large infrastructure spending program may be materials companies, specifically those producing construction materials such as aggregates and cement, as well as industrial companies, including those that produce machinery.
  

¹ ASCE, “2017 Infrastructure Report Card.”

² Center on Budget and Policy Priorities calculations of U.S. Bureau of Economic Analysis data on fixed assets, 2015
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³ Based on state and local government gross investment as a percentage of GDP in 2016 using data from the U.S. Bureau of Economic Analysis.