Great Lakes key economic competitiveness, according to D.C. think tank
As Congress sits on a proposal to spend $26 billion to clean up the Great Lakes, a new report confirms that the health of the Great Lakes is the driving force behind the region’s economy and a cleanup could bring $50 billion of direct economic benefit.
As Congress sits on a proposal to spend $26 billion to clean up the Great Lakes, a new report confirms that the health of the Great Lakes is the driving force behind the region’s economy and a cleanup could bring $50 billion of direct economic benefit. And that remarkable figure doesn’t even include what a restoration could do for our quality of life.
According to excerpts from the story:
A cost-benefit analysis showing a large potential economic gain lays out the case for funding the cleanup of the Great Lakes.
As a proposal sits in Congress to fund the estimated $26 billion cost, the Brookings Institution study projects a $50 billion direct economic benefit across a 12-state region from restoring the Great Lakes.
The report makes a “compelling case” for action on the restoration proposal offered two years ago, said Robert Litan, a senior fellow at the Brookings Institution.
Read the complete story here.
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