Industry Today: The World of Manufacturing
READER SERVICES
ADVERTISING
at the forefront
of business publishing...
 Date:9/19/2007 AEM |
| News Release AEM Urges U.S. Senate to Act on Water infrastructure Legislation The Association of Equipment Manufacturers (AEM) urges quick Senate action to authorize funding needed to adequately maintain Americas clean water infrastructure. The Senate Environment and Public Works Subcommittee on Transportation Safety, Infrastructure Security and Water Quality is scheduled to begin addressing growing clean water infrastructure funding needs at a September 19 hearing. Earlier this year on a 303-108 vote, the House of Representatives passed H.R. 720, the Water Quality Financing Act of 2007. This legislation reauthorizes the Clean Water State Revolving Fund at $14 billion. AEM advocates an increase in federal investment to replace and upgrade aging water infrastructure systems across the United States. Government and private studies have estimated that over the next 20 years, the water and wastewater infrastructure investment gap will reach between $300 and $500 billion. Despite these needs, the Clean Water State Revolving Fund (SRF) was allowed to expire. Reauthorizing the long-expired SRF will help address the nations critical water and wastewater needs. Water infrastructure needs have been ignored for far too long, stated Nick Yaksich, AEM Vice President of Global Public Policy. AEM is pleased the Senate is addressing this critical issue. AEM is the North American-based international trade group serving the off-road equipment manufacturing industry (agriculture, construction, forestry, mining and utility). For more information, contact AEM's Nick Yaksich (, ). |
THE LATEST
Manufacturing M&A: Doing Deals in a Reset World
Many manufacturing companies are cautiously shifting gears from retrenchment to expansion as business activity revives and credit markets improve. After nearly two years of focusing on cash and liquidity preservation and cost reduction, they are now looking to build capacity and explore growth opportunities. Read More>>